Nooruddin Azizi (File photo) Afghanistan’s Taliban government on Wednesday said that it is seeking alternative trade routes through Central Asia as border closures with Pakistan continue to cripple commerce and worsen economic losses.Acting commerce minister Nooruddin Azizi said that the country is losing nearly $200 million every month due to the shutdown of key crossings…
Shares of Tata Motors Commercial Vehicles Ltd (TMLCV), the newly demerged commercial vehicle arm of Tata Motors, made a robust debut on Wednesday, listing at a premium of over 26%–28% to its implied value.. The stock opened at Rs 335 on the NSE, up 28.5% from the implied value of Rs 260.75 and at Rs…
General Motors (GM) has asked thousands of its suppliers to eliminate parts sourced from China by 2027, in one of the auto industry’s most aggressive moves yet to insulate its operations from deepening US-China trade tensions, Reuters reported, citing four people familiar with the matter.According to the report, GM has directed suppliers to find alternative…
India is poised to become the epicentre of global oil demand growth over the next decade, the International Energy Agency (IEA) said in its latest Global Energy Outlook 2025, citing rapid economic expansion, industrialisation, and rising vehicle ownership as key drivers of energy consumption.According to the Paris-based agency, India’s energy demand is projected to rise…
The longest federal government shutdown in US history has upended airlines’ holiday quarter expectations, grounding thousands of flights and forcing carriers to scramble for contingency plans as operations across the country remain crippled.Airlines, which had been counting on a rebound in corporate and leisure travel, are now seeing Thanksgiving bookings grow by just 1% since…
General Motors (GM) has asked thousands of its suppliers to eliminate parts sourced from China by 2027, in one of the auto industry’s most aggressive moves yet to insulate its operations from deepening US-China trade tensions, Reuters reported, citing four people familiar with the matter.According to the report, GM has directed suppliers to find alternative…
US President Trump indicated on Monday that he plans to lower tariffs on India in the future. (AI image) With US President Donald Trump hinting at a trade deal soon, Global Trade Research Initiative (GTRI) founder Ajay Srivastava says that India should push for rollback of 25% tariffs on account of Russian crude oil. Srivastava…
The initial public offering (IPO) of edtech unicorn PhysicsWallah drew a muted response on the second day of bidding, with only 10% subscription recorded so far. The Rs 3,480-crore IPO, which opened earlier this week, will close for bidding on November 13.According to data available on the National Stock Exchange (NSE) till 11:30 am on…
Nasscom highlighted concerns about geographical and sector-based disparities in the new system proposed for H-1B visa issuance. (AI image) H-1B visa overhaul: Donald Trump administration’s proposed move to replace the lottery-based system for H-1B visas with a ‘wage-weighted’ system will be disruptive, Nasscom has warned. Nasscom, the IT industry body, has sharply criticised the US…
IT stocks rallied sharply on Wednesday, buoyed by investor optimism after US President Donald Trump said the United States “needed skilled workers from abroad,” a comment seen as a potential softening of his administration’s hardline immigration tone.The upbeat sentiment lifted Tech Mahindra, which surged 3.24%, followed by Mphasis (up 2.83%), LTIMindtree (up 2.63%), TCS (up…
