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Bloomberg

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Hyundai Motor India gets flood of bullish calls amid its weak debut

The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers

Hyundai Motor India gets flood of bullish calls amid its weak debut
Updated On : 23 Oct 2024 | 11:33 PM IST

Goldman Sachs cuts Indian stocks to neutral amid slowing economic growth

The cautious stance underscores growing concerns over the sustainability of company earnings amid weakening consumer spending and increasing commodity prices. India's record stock rally is already sho

Goldman Sachs cuts Indian stocks to neutral amid slowing economic growth
Updated On : 23 Oct 2024 | 11:32 PM IST

Jio Financial in talks with Allianz SE to set up insurance JVs in India

The Munich-based firm has indicated to its current partner Bajaj Finserv Ltd. that it's "actively considering an exit" from the ventures, according to a statement from Bajaj on Tuesday

Jio Financial in talks with Allianz SE to set up insurance JVs in India
Updated On : 23 Oct 2024 | 10:37 PM IST

RBI's lending ban cannot be the answer to India's credit excesses

Excesses spike in post-pandemic inflation and an uneven recovery that bypassed working-class families has aggravated the challenge

RBI's lending ban cannot be the answer to India's credit excesses
Updated On : 23 Oct 2024 | 9:52 AM IST

McDonald's quarter pounders linked to E coli outbreak, says CDC as 1 dead

The true number of people infected is likely much higher than the 36 currently known and may involve additional states, the CDC said

McDonald's quarter pounders linked to E coli outbreak, says CDC as 1 dead
Updated On : 23 Oct 2024 | 9:47 AM IST

Elon Musk's PAC spends just 3.6% of social media ad dollars on his X

Through Monday, Musk's America PAC spent about $201,000 on political ads on X, according to updated disclosures from the company, formerly known as Twitter

Elon Musk's PAC spends just 3.6% of social media ad dollars on his X
Updated On : 23 Oct 2024 | 9:44 AM IST

Meta bans accounts tracking private jets for Mark Zuckerberg, Elon Musk

Accounts, which rely on publicly available information to track a jet's location and CO2 emissions, among other details, were banned without warning this week after Meta updated its privacy policy

Meta bans accounts tracking private jets for Mark Zuckerberg, Elon Musk
Updated On : 23 Oct 2024 | 9:43 AM IST

Pakistan's FM Aurangzeb sees 'encouraging' reply from China debt talks

Pakistan is seeing a period of stability after securing a new $7 billion loan program from the IMF

Pakistan's FM Aurangzeb sees 'encouraging' reply from China debt talks
Updated On : 23 Oct 2024 | 9:38 AM IST

Kamala Harris backs $15 minimum wage in fight with Trump over pay

Harris has seized on the issue of raising the federal minimum wage- currently $7.25 an hour- after her Republican rival, former President Donald Trump, sidestepped a question

Kamala Harris backs $15 minimum wage in fight with Trump over pay
Updated On : 23 Oct 2024 | 9:29 AM IST

Donald Trump excludes Asian, European cars from vehicle tax-break plan

Trump has increased his focus on US automakers in recent weeks as he's sought to assuage voter concerns about domestic manufacturing jobs, repeatedly pledging to restore industries

Donald Trump excludes Asian, European cars from vehicle tax-break plan
Updated On : 23 Oct 2024 | 9:14 AM IST

Four-year-old standoff ends: India and China bury the hatchet... for now

Over the last four years, the nuclear-armed neighbors had moved fighter jets, artillery and missiles closer to the boundary and deployed thousands of troops in a military buildup

Four-year-old standoff ends: India and China bury the hatchet... for now
Updated On : 23 Oct 2024 | 8:40 AM IST

Russia has a message for foreign guests at Brics summit: Bring cash

The summit's website reminds visitors that they won't be able to use their Mastercard or Visa cards issued outside of Russia to make payments or cash withdrawals in the country

Russia has a message for foreign guests at Brics summit: Bring cash
Updated On : 22 Oct 2024 | 11:59 PM IST

Gail India targets new long-term LNG supply deal before year-end: Report

Gail's contracted LNG volumes total about 15.5 million tons a year and include supplies from the US, Qatar and Australia, according to its annual report

Gail India targets new long-term LNG supply deal before year-end: Report
Updated On : 22 Oct 2024 | 11:29 PM IST

Putin hosts Brics leaders in Kazan, showing West he is far from isolated

Leaders of 32 countries, as well as top officials of regional organizations and United Nations Secretary-General Antonio Guterres, will attend the three-day summit starting Tuesday in Kazan

Putin hosts Brics leaders in Kazan, showing West he is far from isolated
Updated On : 22 Oct 2024 | 11:25 PM IST

RBI's 'TReDS' platform bridging $600 bn funding gap for smaller firms

Trade Receivables Discounting System (TReDS) introduced about a decade ago by the Reserve Bank of India has seen the engineering company's cost of funds drop by 2.5 percentage points

RBI's 'TReDS' platform bridging $600 bn funding gap for smaller firms
Updated On : 22 Oct 2024 | 7:04 PM IST

India's attempts fail against rivals as US diverts trade from China: Study

India also hasn't been able to attract a greater portion of global foreign direct investment, even as FDI flows to China plummet, the Oxford Economics study said

India's attempts fail against rivals as US diverts trade from China: Study
Updated On : 22 Oct 2024 | 2:31 PM IST

Hyundai Motor India's shares decline 6% in debut after record IPO

The debut may set the tone for a string of other billion-dollar-plus deals coming to the market in India

Hyundai Motor India's shares decline 6% in debut after record IPO
Updated On : 22 Oct 2024 | 10:54 AM IST

Russia hosts Brics leaders, signaling Putin remains far from isolated

Kremlin is seizing its opportunity to cast Putin as standing up to the West in attempting to reshape the global order

Russia hosts Brics leaders, signaling Putin remains far from isolated
Updated On : 22 Oct 2024 | 10:20 AM IST

Indian Rupee faces slow grind lower on oil and China rotation risks

Barclays Plc. points to record-high gold prices, a stronger dollar, and increased risk aversion as reasons why the central bank may allow the rupee to decline

Indian Rupee faces slow grind lower on oil and China rotation risks
Updated On : 22 Oct 2024 | 9:07 AM IST

Elon Musk sued over 'Blade Runner' imagery used during robotaxi unveiling

The production company, which has also financed and produced films such as The Blind Side, filed a lawsuit accusing Musk of copyright infringement

Elon Musk sued over 'Blade Runner' imagery used during robotaxi unveiling
Updated On : 22 Oct 2024 | 8:18 AM IST