Charlie Javice’s story sounds almost too bizarre to be real: a young fintech founder who tricked JPMorgan into buying her startup for $175 million, ended up convicted of fraud, and is now serving a prison sentence, yet the same company she scammed is still paying more than $142 million for her legal bills, including questionable…
French department store Galeries Lafayette has officially entered India with a large five-floor store opened in Mumbai, hoping to tap into the country’s massive consumer base—but the road ahead is far from simple.Backed locally by the fashion division of the Aditya Birla Group, the retailer’s debut marks another attempt by global luxury brands to establish…
The United States is hoping to finalise its rare earths agreement with China by Thanksgiving, US Treasury Secretary Scott Bessent said on Sunday, signalling momentum in the negotiations launched after Presidents Donald Trump and Xi Jinping met in South Korea last month, AFP reported.The tentative deal reached in late October includes a one-year suspension of…
Food inflation is expected to remain under control in the second half of FY26, supported by better monsoon rains and improved sowing conditions. However, ICICI Bank’s Global Markets sectoral update has warned that an “adverse base” could push food inflation higher in FY27. A base effect means inflation can look unusually high or low depending…
WASHINGTON/NEW DELHI: Indian spice merchants and tea growers will be among global exporters who will breathe easy along with American consumers after US president Donald Trump, feeling the heat of rising domestic prices due to tariffs, moved to lower import duties on nearly 200 food, farm, and agricultural items. Tucked deep in the list is…
Chinese-owned automakers are emerging as major players in India’s electric passenger vehicle segment, challenging long-time leaders Tata Motors and Mahindra & Mahindra. In under two years, brands such as BYD, MG Motor and Volvo — all backed by Chinese companies — have overtaken several Korean and German rivals and now account for nearly a third…
Nearly 90% of Indian organisations are preparing to hire specialised professionals over the next year to strengthen digital identity management, infrastructure and cyber security frameworks, according to a Rubrik Zero Labs report released on Sunday.The study says the rapid adoption of artificial intelligence is driving a surge in AI agents, leading to a sharp rise…
Indian travellers are powering a sharp rise in tourist numbers across several overseas destinations this year, with Moscow, Vietnam, Japan, South Korea and Georgia reporting strong double-digit growth. The upswing comes even as Azerbaijan and Turkey have fallen out of favour following their support for Pakistan during Operation Sindoor.Moscow has emerged as one of the…
Prime Minister Narendra Modi has asked engineers working on the Mumbai–Ahmedabad bullet train project to systematically document their technical and on-ground experiences, saying such a record would help India replicate high-speed rail projects across the country without “repeated experimentation.”Interacting with engineers and workers of the Mumbai–Ahmedabad High Speed Railway (MAHSR) corridor in Surat on Saturday,…
Commerce Secretary Rajesh Agrawal held a series of high-level meetings in Moscow to review progress on the proposed India–Eurasian Economic Union (EAEU) Free Trade Agreement, the commerce ministry said on Sunday.During his visit, Agrawal met Andrey Slepnev, Minister in charge of Trade at the Eurasian Economic Commission, and Russian Deputy Minister of Industry and Trade…
