BENGALURU: IT infrastructure services provider Kyndryl said on Thursday it will invest $2.25 billion (around Rs 18,900 crore) in India over the next three years, expanding its operations and building an AI Innovation Lab in Bengaluru.The company said the commitment will support modernisation of technology infrastructure for enterprises, develop future-ready talent and contribute to the…
Walmart Inc. delivered robust second-quarter results on Thursday, showing its ability to attract shoppers and outperform rivals such as Target despite economic uncertainty and ongoing tariff pressures. The Bentonville, Arkansas-based retailer reported a 4.6% increase in comparable sales for the quarter, driven by established stores and online channels, while raising its annual sales and profit…
US aviation major Boeing is negotiating a potential sale of as many as 500 aircraft to Chinese companies, Bloomberg News reported on Thursday, citing sources familiar with the discussions.A deal of this scale would mark a significant boost for the struggling manufacturer, whose shares rose as much as 3.7% in pre-market trading before settling with…
Sales of previously occupied US homes registered an uptick in July, aided by a modest decline in mortgage rates, slower home price growth and the largest supply of properties on the market in five years.According to the National Association of Realtors (NAR), existing home sales rose 2% from June to a seasonally adjusted annual rate…
US stocks slipped again on Thursday, extending a run of modest losses that began after last week’s record high. The S&P 500 eased 0.3%, putting it on track for a fifth straight decline. The Dow Jones Industrial Average shed 236 points, or 0.5%, while the Nasdaq composite was down 0.1% in early New York trading,…
India will require $467 billion in climate finance by 2030 to put four of its most carbon-intensive sectors — power, steel, cement and transport — on a low-carbon growth path, a new study has found.The working paper titled –India’s Climate Finance Requirements: An Assessment– authored by economists Janak Raj and Rakesh Mohan for the Centre…
Markets regulator Sebi chief Tuhin Kanta Pandey on Thursday said the watchdog is exploring a regulated platform for pre-IPO (initial public offering) trading, which could eventually replace unregulated grey market deals. The move, if implemented, may allow investors to trade shares in a transparent environment during the three-day gap between allotment and listing.Speaking at the…
Since returning to the White House in January 2025, US President Donald Trump’s financial choices have drawn attention, with many questioning how he is investing his money. New disclosures released by the US Office of Government Ethics on Wednesday (local time) reveal that Trump has put more than $100 million into bonds.The filings, reported by…
China is considering allowing the usage of yuan-backed stablecoins for the first time in a move aimed at boosting the global adoption of its currency, sources familiar with the matter told Reuters. If approved, the plan would mark a significant reversal of China’s earlier hardline stance against digital assets.According to the sources, the State Council…
US retail giant Target said on Wednesday that chief executive officer Brian Cornell will step down on February 1, ending his nearly decade-long tenure at the retailer. The board has named chief operating officer Michael Fiddelke, who has spent 20 years with the company, as his successor. The leadership change comes as the Minneapolis-based chain…