The United States and Taiwan deepened their commercial relations on Thursday, signing a trade deal. Under the agreement, Taiwanese imports to the US will be getting lower tariffs while the island nation has committed to purchase and invest in American products.The step confirms a framework first presented in January. Under that plan, duties applied by…
MUMBAI: Rajeev Jain, vice chairman, Bajaj Finance said that by using AI-based systems to scan about two crore customer calls, the company generated business worth Rs 1,600 crore . The company now aims to listen to 10 crore such calls during the next fiscal. Source link
NEW DELHI: Drug firm USV will acquire a majority stake in Nutritionalab, the parent company of Wellbeing Nutrition, for nearly Rs 1600 crore, expanding its footprint in the domestic high-growth D2C (direct to consumer) nutraceutical market.USV will acquire around 79% stake in an all-cash deal for Rs 1,583 crore, which includes 35% from the founder,…
Tech shares continued to trade in red on Friday, extending losses as fears of disruption from artificial intelligence and fading hopes of an early interest rate cut by the US Federal Reserve continued to weigh down investor sentiment. At 9:50 am, the Nifty IT index slumped 4.59%, or 1,520 points, to trade at 31,639, reflecting…
BENGALURU: Over 200 jobs at Australian telecom major Telstra are expected to be cut as the company rolls out AI capabilities and shifts some roles to India, according to a report in The Guardian. Telstra and Accenture announced a $700-million joint venture in 2025 aimed at driving efficiency and modernisation. Source link
MUMBAI: Nykaa will manage the India operations of Kiehl’s, a premium skincare brand from the stable of French beauty and personal care firm L’oreal. As part of the exclusive distribution pact signed with Kiehl’s, Nykaa will run the brand’s existing and upcoming exclusive outlets, India D2C platform and multi-brand retail distribution, the company said on…
MUMBAI: HUL has acquired the remaining 49% stake in D2C brand Oziva for Rs 824 crore, making it a wholly-owned subsidiary of the company. HUL bought an initial 51% majority stake in the brand in Dec 2022.Oziva, a plant-based, clean-label consumer wellness brand which focuses on spaces such as lifestyle protein and hair & beauty…
NEW DELHI: India’s IT services sector must pivot decisively to stay ahead in the AI era, commerce and industry minister Piyush Goyal said on Thursday, amid concerns in the sector related to generative AI tools such as Anthropic’s Claude, which recently triggered stock dips in firms like TCS, Infosys and other IT firms.“If we are…
NEW DELHI: SpiceJet on Thursday reported a loss of Rs 269 crore in the three months ended Dec 2025 as higher costs and one-time expenses took a toll on the budget carrier’s bottom line. The airline had a profit of Rs 25 crore in the same period of 2024. Total income declined to Rs 1,523…
NEW DELHI: Lower weightage of food and beverages in new consumer price inflation (CPI) series may make overall inflation less volatile, leading to monetary policy response to be more focused on aggregate demand pressure, rather than dealing with supply-induced inflation, chief economic advisor (CEA) V Anantha Nageswaran said Thursday. This will help calibrating monetary and…
