The latest dispute between Japan and China has now entered the trade sphere, with Tokyo media reporting that Beijing is planning to halt Japanese seafood imports. However the reports, which emerged on Wednesday and were widely carried by outlets, still remain unconfirmed by governments of both the countries as the diplomatic row deepens.Reports from Tokyo…
Gold prices recovered in Wednesday’s futures trade after three straight sessions of losses, as traders engaged in value buying ahead of the release of the US Federal Reserve’s meeting minutes.On the Multi Commodity Exchange (MCX), December gold futures rose by Rs 674, or 0.55%, to Rs 1,23,314 per 10 grams in 10,726 lots. The February…
Gold prices have been breaking records this year, and wealthy investors and family offices are now looking for ways to earn returns on their bullion. Instead of keeping gold bars locked in vaults, more of them are leasing their metal to refiners, jewelers, and fabricators to earn interest — a major shift for an asset…
Air India has approached the Indian government to request access to restricted military airspace in China’s Xinjiang region to shorten international flight paths, according to a Reuters report quoting an internal company document. The move comes as the airline struggles with higher operational costs following Pakistan’s closure of its airspace to Indian carriers.The appeal, submitted…
US insurer The Standard has set up StanCorp Global Services India as a new global capability center in Bengaluru and Pune to support its technology transformation and future growth, and has appointed Mohua Sengupta as senior vice president and country head for India.The Standard is a US-based group of companies that offers disability, life, dental,…
Creditors of Jaiprakash Associates have unanimously voted in favour of Gautam Adabi-led Adani Enterprises’ resolution plan, choosing it over Vedanta despite the latter placing the highest overall bid in a September e-auction, people familiar with the discussions told ET.Jaiprakash Associates (JAL), which owes lenders Rs 55,000 crore, was admitted into insolvency proceedings in June last…
Asian markets were subdued Wednesday as worries about high AI stock prices made investors cautious ahead of Nvidia’s earnings report.Nvidia has been a major driver of the global AI rally and is expected to report a 56% jump in revenue for the August–October quarter to $54.92 billion.”It looks like Nvidia’s stock price has been priced…
BENGALURU/ MUMBAI: Balancing growth with profitability is a tricky affair for companies. This is especially true for the fast-changing IT space, where tech-driven disruptions are almost a regular occurrence. In the Indian IT sector, leading firms have been navigating intense technological disruption driven by AI, cloud adoption, and advanced analytics. Some CEOs embraced these shifts…
MUMBAI: SBI chairman C S Setty has called for a ‘national financial grid’ that connects credit bureaus, registries, eKYC facilities, UPI and the account-aggregator system, arguing that such an integrated backbone is essential to support India’s next phase of financial growth.Setty said India’s credit-to-GDP ratio, which stands at about 55%, could rise to 64% by…
Jefferies has initiated its coverage of WeWork India with a buy rating and a target price of Rs 790. Analysts said that the company is the largest flexible workspace operator by revenues in India. At about 17% compounded annual growth rate (CAGR), flexible workspace stock is growing at two times the pace of office stock,…