The Brics meeting of officials on the Middle East last week could not produce a consensus document because there was sharp difference of positions among members who are party to the conflict, said official sources.Efforts to bridge the gaps by all others were not successful, according to Indian authorities. India holds the Brics presidency this…
File photo: Commerce and industry minister Piyush Goyal with European Union commissioner for trade and economic security Maros Sefcovic NEW DELHI: India and the European Union (EU) will hold ministerial-level discussions on January 8-9 in Brussels to bridge differences in the proposed free trade agreement and push for an early conclusion of negotiations, an official…
MUMBAI: Japan’s Mitsubishi UFJ Financial Group and State Bank of India on Wed announced a strategic partnership to structure and finance projects, including mergers and acquisitions, acquisitions, and real estate funding for Indian and global clients.The alliance follows new rules by Reserve Bank of India allowing banks to fund corporate acquisitions up to 75% of…
MUMBAI: Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech gears up for a debut on Dalal Street in the coming months. The first Indian business from Walmart’s stable to go public, PhonePe is seeking to raise about Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). Walmart, which holds…
Whatever the verdict, the case is already forcing an on-the-record look at how a top-tier advisory firm defines “essential” in a profession. (AI image) A Manhattan federal jury is about to take up an unusually blunt workplace question: Can an investment bank lawfully fire a junior banker who insists on a protected sleep window as…
Federal Reserve Chair Jerome Powell participates in a board meeting at the Federal Reserve on March 19, 2026 in Washington, DC. Kevin Dietsch | Getty Images Federal Reserve Chairman Jerome Powell is likely to stay on for a short time after his term as head of the central bank is over, bettors on prediction markets…
A “180” hardly does justice to the recent shift in market expectations regarding central bank monetary policy. Expecting multiple Federal Reserve rate cuts in 2026 just weeks ago, markets have seriously begun to price in rate hikes this year. Current pricing on CME FedWatch Tool shows nearly a 30% chance that the fed funds rate…
MUMBAI: A day after HDFC Bank‘s non-executive chairman Atanu Chakraborty resigned citing concerns over practices inconsistent with his values and ethics, regulators, the bank’s board and management and the govt moved swiftly to contain a governance scare.Seeking to steady sentiment, newly appointed interim chairman Keki Mistry struck a firm tone while addressing analysts and reporters….
NEW DELHI: The latest Jan Vishwas Bill, moved in Parliament on Friday, has proposed removing imprisonment for several offences related to export of textiles, handloom, and farm products.For instance, under the Textiles Committee Act, exporting and selling textiles or textile machinery in contravention of prescribed order, which can result in a jail term of up…
New Delhi: From Delta to Dell, Caterpillar, Ford and Jockey, American companies have opposed fresh tariff under Section 301, where the US Trade Representative has launched two investigations. They have argued that fresh duties will make it harder for them to compete and increase cost for consumers.There are others, such as Cheese Importers Association of…
