Business

Asian equities slipped on Wednesday as investors took a step back following recent gains, while gold and silver tumbled for a second straight day, halting their recent rally. The pullback came after US President Donald Trump suggested that a planned meeting with Chinese President Xi Jinping might not go ahead. Markets in Hong Kong, Shanghai,…

As Diwali celebrations continue across the country, many people are wondering whether banks are open or closed today, on October 22. The festival of lights is not limited to a single day, it stretches over nearly five days in several states, with each day marking a unique cultural and religious significance. This year, the festive…

US President Donald Trump claimed on Tuesday again that India was not going to buy “much oil from Russia.” His claims were based on a conversation he had with Prime Minister Narendra Modi amid Diwali celebrations at the White House.“I spoke to Prime Minister Modi today and we just have a very good relationship. He’s…

NEW DELHI: India’s domestic car industry may be counting on govt’s GST cuts to manage a growth in volumes, but exports are turning out to be quite a happy hunting ground for the passenger vehicles industry which has registered a near 20% jump in the first half of this fiscal, shipping a variety of vehicles…

BENGALURU: The Trump administration’s decision to exempt those who are already in the US, including foreign students, from the $100,000 H-1B visa fee is a big win for US companies hiring such talent. Many of these are technology companies, for whom immigrant student talent has proved valuable.For Indian IT services companies, the decision may be…

Representative image (AI) As the US government shutdown enters its third week, air traffic controllers are being forced to find second jobs to make ends meet. Many are now driving for Uber, delivering food or working in restaurants after their regular shifts.Deemed essential workers, thousands of air traffic controllers must continue working despite not being…

Rare earth elements or REEs have made their way as the new strategic assets, emerging as the ‘new oil’ of the 21st century, as countries race towards cleaner energy. REEs are a set of 17 metals vital for their use in a range of devices like electric vehicles, wind turbines, smartphones and defense systems.“Invisible to…

Denmark’s Novo Nordisk, the pharmaceutical giant behind blockbuster drugs Ozempic and Wegovy, is set for a major boardroom shake-up amid internal disagreements and growing competitive pressure in the weight-loss drug market. The company on Tuesday announced that it will replace more than half of its 12-member board, including its chair, following a dispute with its…

Tata Motors Passenger Vehicles Ltd achieved a significant milestone this festive season, delivering more than 1 lakh vehicles between Navratri and Diwali, marking a 33 per cent year-on-year growth, the company said.The deliveries were led by SUVs, with the Nexon topping the charts at 38,000 units — a 73 per cent rise compared to the…

File photo: Canadian Prime Minister Mark Carney (Picture credit: AP) Canada’s annual inflation rate climbed to 2.4 per cent in September, slightly above analysts’ expectations, driven by rising grocery prices and moderated declines in gasoline costs, official data showed Tuesday.According to Statistics Canada, food prices rose 3.8 per cent year-on-year, marking the largest increase since…