The US Federal Reserve is widely expected to lower borrowing costs this week, but deep divisions within the policy-making panel suggest further rate cuts will be harder to secure, analysts say.Policymakers are set to meet on December 9–10 amid a complicated economic backdrop, with inflation still running above the Fed’s 2% target even as hiring…
NEW DELHI: It’s a straight fight between the Japanese power duo of Maruti Suzuki-Toyota who are pitted against the might of the rest of the car industry over the soon-to-be-announced CAFE 3 emission norms.A large section of India’s car industry huddled in a meeting with Road Transport and Highways Minister Nitin Gadkari on Monday, sans…
More than 40,000 passengers were impacted by flight cancellations and another over 2.6 lakh faced long delays at Mumbai airport in the past week as IndiGo grappled with severe operational disruptions, Mumbai International Airport Limited (MIAL) said on Tuesday. According to MIAL, a total of 40,789 passengers were affected due to the cancellation of 905…
Credit provided by India’s capital markets could eventually surpass bank lending, Kotak Mahindra AMC managing director and CEO Nilesh Shah said on Tuesday, underscoring a structural shift in how the economy is financed.Speaking at an event in Mumbai, Shah said credit, which was traditionally dominated by banks, is increasingly being provided by capital markets and…
Check out the companies making the biggest moves midday: Gogo — The in-flight Wi-Fi provider dropped 10% after announcing an investment in satellite communications company Farcast . The terms were not disclosed in the announcement. Exxon Mobil — The oil giant jumped 2.7% after it updated its corporate plan through 2030. Exxon said it now…
Multiple factors are affecting the rupee negatively. (AI image) The Indian rupee is under pressure and has been hitting new lifetime lows – crossing the 90 mark versus the US dollar. The rupee has depreciated 4.9% against the dollar in 2025, positioning itself as the third-worst performer among 31 major currencies, surpassed only by the…
CHANDIGARH: Chief minister Bhagwant Mann on Tuesday held a meeting with representatives of Korean companies, highlighting Punjab’s transformation into a stable, transparent, and future-ready investment destination to attract foreign investment.Addressing business leaders on the concluding day of his South Korea visit, the chief minister said Punjab’s robust industrial ecosystem, reliable and cost-competitive power, peaceful labour…
US job openings showed little movement in October, signalling a cooling labour market at a time when the Federal Reserve is weighing another interest-rate cut amid mixed economic cues.Employers posted 7.67 million vacancies in October, almost unchanged from 7.66 million in September, according to the Job Openings and Labor Turnover Survey (JOLTS) released by the…
The Middle East has a chance to become “the Switzerland of the 21st century” by embracing bitcoin-backed banking, credit, and digital money, said Strategy (MSTR) Executive Chairman Michael Saylor. In a wide-ranging presentation at Bitcoin MENA, Saylor urged the region to seize what he described as a $200 trillion opportunity by enabling banks to custody…
Airlines will make less profit flying a passenger across continents than Apple earns from selling an iPhone cover, International Air Transport Association (IATA) director general Willie Walsh said on Tuesday, underlining the industry’s persistently weak margins, PTI reported.Releasing the global aviation industry’s financial outlook for 2026, IATA projected total net profits at $41 billion next…
