US tech giant Amazon said it has blocked over 1,800 North Koreans from joining the company, as Pyongyang sends large numbers of IT workers overseas to earn and launder funds.In a post on LinkedIn, Amazon’s Chief Security Officer Stephen Schmidt said last week that North Korean workers had been “attempting to secure remote IT jobs…
Asian equity markets mostly traded in green on Tuesday, extending the upward rally as investors sentiments were eased by hopes of US interest rate cuts and a concerns around artificial intelligence cooled. At the same time, gold and silver climbed to fresh record levels, adding to the upbeat mood ahead of the festive break.Taiwan gained…
India’s IPO market gains momentum, boosts PE exits: KPMG report India’s IPO market has shown strong momentum in 2025, emerging as a key exit route for private equity (PE) investors, according to KPMG’s Pulse of Private Equity Q3’25 report.The report noted that India’s stock markets have performed exceptionally well so far in 2025, creating a…
Dynamic asset allocation funds, also known as balanced advantage funds, are hybrid schemes. (AI image) Markets were very volatile during 2025, with the Nifty falling below 22,000 in March before recovering and shooting past 26,000 in October. Analysts expect heightened volatility to continue in 2026 as well. Investors can cushion themselves by opting for dynamic…
NEW DELHI: The Chinese embassy in India has launched the China online visa application system, allowing Indian passport holders to apply for Chinese visas digitally. The move streamlines the application process that earlier required multiple in-person visits and extensive paperwork.According to a report cited by PTI, Shenzhen-based online portal Greater Bay Area (GBA), eligible applicants…
FILE – The company logo is shown on the grille of an unsold 2026 AMG S63 Performance model on the lot of a Mercedes Benz dealership Nov. 2, 2025, in Littleton, Colo. (AP Photo/David Zalubowski, File) Mercedes-Benz USA and parent company Daimer AG have agreed to pay $149.6 million to settle allegations that the automaker…
NEW DELHI: Gross FDI flows into India rose 15.4% to $58.3 billion during April-Oct, while net inflows almost doubled due to lower disinvestment and repatriation. RBI data estimated gross inflows to be 8.8% lower at $6.5 billion in Oct. Recent weeks have seen a spate of announcements, including by Google, Microsoft and Amazon, besides acquisitions…
MUMBAI: High-frequency indicators in Nov show activity is holding up and demand is robust, even though headline CPI inflation edged up, but stayed below the lower tolerance level.RBI’s state of the economy report, published on Monday, said “benign inflation during the month kept input cost pressures low for firms”, hence “limiting hikes to selling prices…
Oracle co-founder Larry Ellison has stepped in to personally guarantee more than $40bn in financing for Paramount Skydance’s hostile $78bn bid for Warner Bros. Discovery. The move follows open scepticism from WBD’s board over whether the offer was fully funded and capable of closing. By putting his own wealth on the line, Ellison aims to…
MUMBAI: RBI sold a net $11.9 billion in Oct 2025 to support the rupee, reinforcing its role as the stabilising force in the currency market. Data from RBI’s Dec bulletin shows that the central bank stayed active across both spot and forward markets through FY25 to reduce volatility and keep market conditions orderly.In the spot,…