Buisiness

AI-generated image (Credit: Bing image creator) China’s finance minister has criticized US tariffs for introducing “unprecedented huge risks” to global economic stability, according to a ministry publication released Tuesday. Simultaneously, China’s foreign ministry, via state-run Xinhua news agency, stated that the US must change its “threatening” stance if it hopes to reach any agreement. The…

The United States recorded its highest trade deficit in March, with the total shortfall expanding by 14.0 percent to $140.5 billion, according to the latest government data released on Tuesday. This marks the largest trade deficit since 1992, reflecting a $17.3 billion increase from February’s revised figure of $123.2 billion. The Commerce Department’s report highlights…

India and the UK have finalized the Free Trade Agreement (FTA) and Double Contribution Convention on Tuesday, hailed by Commerce Minister Piyush Goyal as a progressive step towards growth and innovation. Prime Minister Modi and UK Prime Minister Keir Starmer acknowledged the agreement’s potential to enhance trade, investment, and employment. NEW DELHI: Following the finalisation…

Paytm’s parent company One97 Communications reported a reduced consolidated loss of Rs 545 crore for the quarter ending March 31, 2025, helped by lower payment processing charges and employee benefit expenses. The results include a notional, non-cash loss of Rs 522 crore, comprising Rs 492 crore in ESOP expenses and Rs 30 crore in impairments,…

US stock markets opens at a low Wall Street opened lower for a second consecutive day on Tuesday, with technology stocks leading the decline. The S&P 500 dropped 0.7 per cent, ending its nine-day positive streak. The Dow Jones Industrial Average fell 255 points (0.6 per cent), while the Nasdaq composite declined 1 per cent….

Representative AI image (Credit: Meta AI) Tourism in China saw a notable rise with increased consumer spending during the five-day Labour Day holiday; however, Chinese social media users questioned these statistics, citing various economic issues and declining exports, according to Radio Free Asia (RFA), quoted by ANI.According to China’s ministry of transport data, daily cross-regional…

NEW DELHI: Adani Power secured a contract to supply 1,500 megawatts (MW) of electricity to Uttar Pradesh at a tariff of Rs 5.383 per unit (kWh) for a period of 25 years, announced UP’s energy minister AK Sharma.“We decided to purchase a total of 1500 MW (ex-bus) power from a 2×800 MW (1600 MW) thermal…

Union telecom minister Jyotiraditya Scindia on Tuesday said that investing in India today is a smart economic move for all original equipment manufacturers (OEMs). Speaking at the Bharat Telecom event, he pointed to Apple as an example, highlighting the US tech giant’s decision to manufacture most of the iPhones sold in the US from India.The…

TCS leadership discussed postponing the yearly salary increase during April. (AI image) Tata Consultancy Services (TCS), India’s largest IT services firm, has distributed 100% quarterly variable compensation to 70% of its workforce. The remaining staff received variable payments at reduced levels, based on their business units’ performance outcomes.“We have paid out 100% QVA (Quarterly Variable…

RBI gold reserves: Central banks acquire gold as a strategy to diversify their foreign exchange holding. (AI image) The Reserve Bank of India brought home only 1.53 tonnes of gold in the second half of the financial year ending March 2025. According to recent RBI data released on Monday, the central bank got home only…