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SoftBank pitches $1 trillion AI, robotics hub in US to TSMC, Trump team

SoftBank officials are keen to have the Taiwanese maker of Nvidia Corp.'s advanced AI chips play a prominent role in the project

'Front-loaded' repo rate cut meant to spur demand, show MPC meeting minutes

The Reserve Bank of India's rate-setting panel delivered a 50 basis points interest rate cut earlier this month and announced liquidity measures for the banking system

UK car theft crisis near 15-year high as manufacturers face high-tech gangs

Car theft is a growing problem in the UK, as almost 130,000 vehicles were stolen in the year ending March 2024-near a 15-year high-costing insurers $867 million

Foreign automakers' market share in China projected to shrink further

Despite persistent competitive pressures, the nation's aggressive car price war is expected to evolve, rather than abate

A-I crash: Govt seeks law banning non-conforming structures near airports

The proposal seeks to empower India's aviation regulator to examine complaints of unlawful construction and order owners to trim trees or reduce the height of a non-conforming building within 60 days

All my 100+ children will inherit my $13.9 billion fortune: Telegram CEO

The 40-year-old tycoon is known for his sometimes provocative behavior, congratulating his 11.1 million subscribers at Easter with a Telegram post where he appeared with a naked torso

India's largest port builder to raise ₹30,000 cr for Vadhvan project

The $9 billion port project is a major undertaking for Prime Minister Narendra Modi, who laid the port's foundation stone last year

Indian IPO market heads for busiest week with $1.7 billion in deals

The offerings indicate share sales in India are bouncing back after a lull in the first quarter, helped by a 12% rally in the benchmark NSE Nifty 50 Index from its March low

Shell CEO warns of 'huge impact' on trade if Strait of Hormuz blocked

The global energy market has been transfixed by the conflict between Israel and Iran, including the possibility the US may decide to join the assault

Trump's tariffs seen raising US car prices by nearly $2,000 per vehicle

The firm expects auto companies to pass along 80 per cent of the cost of Trump's tariffs, which it calculates as $1,760 more per car

Microsoft planning thousands more job cuts in sales amid focus on AI

The cuts are expected to be announced early next month, following the end of Microsoft's fiscal year

LG Electronics considers reviving IPO of Indian unit by September

The South Korean company is planning to refile its preliminary prospectus with updated financial results after the summer, with the IPO potentially taking place as early as the fourth quarter

Families of 737 crash victims urge US judge to reject Boeing deal

Lawyers for 15 families argued Boeing should stand trial for criminal conspiracy as the government had originally planned, to hold the company more accountable for the deaths of 346 people

Amazon orders workers to relocate to Seattle, other hubs stirring concerns

Amazon has satellite workplaces around the country, including major metropolitan areas like New York, Boston, Los Angeles, Dallas and Austin, giving workers some flexibility about where they lived

Erratic weather hurting Indian companies in biggest consumer market

A cooler-than-usual summer this year - followed by the earliest onset of rain since 2009 - has hurt companies selling everything from talcum powder to air conditioners

Blackstone's ASK to hire 70 bankers amid surge in India's wealth sector

ASK's private wealth unit aims to have 175 bankers by the end of March next year, up from about 105 now, Rajesh Saluja, chief executive officer and co-founder of the business said

China's rare earth exports hit five-year low as magnet sales curbs

Export controls launched on April 4 covered not just seven individual rare earths, but also magnets that contain even tiny amounts of them

Standard Chartered faces RBI scrutiny over lapses in derivatives sales

The banking regulator has also flagged issues relating to Standard Chartered's maintenance of reserves and the accounting treatment of forward rate agreement trades in previous financial years

Trump turning US into electric vehicle laggard with rollback of policies

Trump ordered the elimination of subsidies and other measures boosting electric vehicles during his first day back in the White House in January

Darwin port dispute shows not all Chinese stakes pose security threat

Beijing's ownership of critical infrastructure has been growing steadily over the years, but Trump's new administration is paying more attention