Business

The United States is nearing the longest federal government shutdown in history, having remained closed for the entire month with no resolution in sight. Economists have warned that the longer the impasse drags on, the greater the risk that the economy, already showing signs of strain, could shift from bending to breaking. FULL: ‘Where Are…

MUMBAI: India’s foreign exchange reserve dipped by nearly $7 billion to $695.4 billion during the week ended Oct 24, Reserve Bank of India data showed. Of the total, foreign currency assets were worth $566.5 billion (down $3.9 billion on the week), gold was worth $105.5 billion (down $3 billion), SDRs were worth $18.7 billion (down…

Months after US President Donald Trump settled a $16 million lawsuit with CBS News, he is set to return to “60 Minutes” this Sunday, marking his first appearance on the programme since the dispute.CBS confirmed that Norah O’Donnell conducted the interview at Mar-a-Lago on Friday. The network has, however, not disclosed how this week’s interview…

MUMBAI: The Rs 1,668-crore IPO for Orkla India, the Indian arm of the Norwegian conglomerate, was subscribed nearly 49 times at close of bidding on Friday.Data from BSE showed that while the institutional part was subscribed almost 118 times, the portion reserved for high networth investors (HNIs) was subscribed 54 times. Data also showed that…

Ford Motor Co is set to re-enter India with a fresh manufacturing plan worth about Rs 3,250 crore ($370 million). The American automaker on Friday announced restarting manufacturing activity at its Chennai facility, marking a major development after its exit from the Indian automotive market in 2021.The decision comes even as US President Donald Trump…

Even as Indian refiners are expected to adhere to the sanctions, they are also expected to continue procurement of Russian crude from non-sanctioned firms. (AI image) Despite US President Donald Trump’s pressure on India to stop purchasing crude oil from Russia, state-run Indian Oil Corporation has placed an order for five cargoes scheduled for December…

Gen Z are now leading India’s crypto investments!For the first time, Generation Z has surpassed millennials to emerge as top investors in the country’s crypto investment landscape. CoinSwitch’s Q3 2025 report, India’s Crypto Portfolio: How India Invests, released on Thursday, shows that investors aged 18–25 now form 37.6% of the platform’s user base. Millennials (26–35…

The Centre’s fiscal deficit stood at 36.5 per cent of the full-year target at the end of the first half of FY26, according to data released by the Controller General of Accounts (CGA) on Friday. In comparison, the fiscal deficit had reached 29 per cent of the Budget Estimates (BE) for 2024-25 during the same…

India should speed up free trade agreement (FTA) negotiations, expand its export reach beyond traditional markets, and maintain active engagement with Washington to conclude a Bilateral Trade Agreement (BTA) with the US, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Friday.Delivering the First ISID@40 Distinguished Person Lecture, Dev said…

Amazon’s stellar quarterly results helped Wall Street stay near record highs on Friday, with the S&P 500 hovering around its all-time peak set earlier in the week, capping what could be its sixth straight monthly gain — the longest winning streak since 2021.The S&P 500 was virtually flat after paring morning gains, while the Dow…