MUMBAI: Indian startups have laid off more than 4,500 employees since July last year, data sourced from executive search firm Longhouse Consulting showed. The sudden ban on online real-money gaming which nudged many startups to shut overnight has pushed the numbers up but much of it also has to do with the selective flow of…
MUMBAI: Scheduled commercial banks have regained market share in financing the commercial sector in FY26 up to Jan 31 by expanding non-food credit faster than the overall resource pool, reversing a contraction seen in FY25 amid a surge in equity issuances and non-bank funding.Data for FY26 up to Jan 31, 2026 released in RBI’s bulletin…
MUMBAI: The country’s credit card spend is consolidating, with HDFC Bank and State Bank of India moving close to controlling half of total card spending by value, while the top five issuers together have expanded their dominance to 85.6% of transaction value by Jan 2026.The shift marks a migration of high-value spending towards legacy lenders….
Russian and Iranian oil producers are reportedly offering deeper discounts to compete for the same limited pool of Chinese buyers after India pulled back from purchases. Analysts say India’s imports from Russia could fall by 40 per cent from January levels, to around 600,000 barrels a day, according to a scenario from Rystad Energy, as…
More than a year into US President Donald Trump’s second term, his sweeping economic policy changes have produced a mixed outcome, with strong growth and a tech investment boom on one hand, but stalled job gains and persistent inflation concerns on the other.The uncertainty surrounding the US economic outlook has deepened further following last week’s…
Sanjeev Sanyal (File photo) India’s heavy dependence on foreign-flagged vessels, which carry more than 90 per cent of the country’s trade by volume, poses a serious strategic vulnerability risk, according to Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister.Speaking to ANI, Sanyal argued that India’s limited merchant fleet constrains the nation’s…
(AP) President Donald Trump on Tuesday claimed that most of the US’ trading partners want to continue trade arrangements negotiated under his tariffs despite the recent ruling by the Supreme Court striking down many of them.Speaking at the joint session of Congress during his 2026 State of the Union address, Trump also reiterated that tariff…
Asian stocks traded in green on Wednesday, mirroring Wall Street’s gains and sustained enthusiasm around the artificial intelligence boom. Investors also kept close eye on US President Donald Trump’s State of the Union address, delivered during Asian trading hours. In Japan, Nikkei benchmark index touched a fresh record, leading the positive mood across the region.Nikkei…
NEW DELHI: The Times of India Gadgets Now Awards 2025 celebrated last year’s standout gadgets at an event on Monday where technology met glamour. The event drew an eclectic gathering of distinguished guests who came together to recognise technological excellence across key categories, including smartphones, smartwatches, audio products, televisions and more.This year, the Awards that…
MUMBAI: A global sell-off in a large number of technology stocks affected investor sentiment on Dalal Street on Tuesday, resulting in sensex sliding by 1,069 points or 1.3% to close at 82,226 points. The current sell-off is on the back of fears that AI models could upend established business models of a large number of…
