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Goldman Sachs ramps up credit business in India, targets rich diaspora

Goldman joins Wall Street lenders and private equity giants chasing opportunities in an economy that is forecast to grow 7% in the year ending March

Apple to stop selling its latest smartwatch in US due to patent dispute

Sales of the Apple Watch Series 9 and Ultra 2 will be halted on the company's online store on Dec. 21 and at its physical retail stores beginning on Christmas Eve, it said in a statement

British firm Arm lays off over 70 engineers in China, relocating roles

Arm Holdings Plc has recently laid off over 70 software engineers in China though it will relocate some of the roles outside of the Asian nation, according to people with knowledge of the move.

From India to Australia, Goldman sees banks easing policy earlier after Fed

Still, Goldman expects the rate reductions in the Asia-Pacific to be fewer and shallower than Fed officials' projected easing cycle

Kuwait's new ruler, Sheikh Mishaal, must fix old problems to seek reforms

Kuwait has lacked a stable government for many years, often reaching a level of political impasse that contrasts with the unchallenged power wielded by ruling families in neighboring Gulf countries

Deloitte is now looking at AI to help avoid mass layoffs in future

Deloitte LLP is using AI to evaluate existing staffers' skills and map out plans that would shift employees away from quieter parts of the business and into roles that are more in demand

Zee directors lose vote as clock ticks down on Sony deal deadline

Independent directors Sasha Mirchandani and Vivek Mehra "failed to get the requisite majority of votes," the company said in an exchange filing

Elon Musk brands 'diversity, equity and inclusion' as 'propaganda words'

The billionaire is chief executive officer and the largest shareholder of Tesla, the electric-vehicle maker which has boasted that underrepresented groups make up the majority of its US workforce

Is the West abandoning Ukraine? Prez Volodymyr Zelenskiy's tough week

France and Germany and others let it be known showing up wouldn't be a good idea, according to people familiar with the discussion, who spoke on condition of anonymity

Addicted to Disney: Why former executives find it hard to stay away

In his book, The Hero's Farewell: What Happens When CEOs Retire, Yale University professor Jeffrey Sonnenfeld chronicled several personality types who find it hard to leave

Royal Enfield faces fresh challenge from Harley in India's biker paradise

Like Triumph, US giant Harley-Davidson Inc. is also renewing efforts in India, where Royal Enfield is revered to a similar extent as Harley is in the US

Don't rush to join Fed pivot: IMF chief Georgieva to central banks

She indicated that her advice applied to the case of the Bank of Korea, after she met with Governor Rhee Chang-yong

Hungary blocks European Union aid for Ukraine after membership talks nod

EU leaders will reconvene for a second day of their summit meeting on Friday with several topics on the agenda, including the conflict between Israel and Hamas

People's Bank of China offers record $112 bn of cash as economy struggles

China's economy has struggled this year as a rebound from restrictive Covid Zero policies proved to be weaker than expected and the property crisis deepened

Tesla autopilot recall threatens its defence in lawsuits over crashes

An increased threat of losses for Tesla in Autopilot litigation could embolden others to challenge the technology in court and force the company to pay compensatory damages

Banking scion Vishal Kampani eyes hiring push to meet dealmaking boom

The Mumbai-listed company is seeking to hire at least seven senior investment bankers in the coming year for sectors such as industrials and digital technology

China's central bank injects $112 bn of cash to revive economic growth

The People's Bank of China offered commercial lenders 1.45 trillion yuan ($204 billion) via its medium-term lending facility - 800 billion yuan more than the expected maturity this month

President Biden urges Israeli caution as leaders eye 'lower-intensity' war

Biden has delivered increasingly urgent appeals to Israel to exercise restraint in its Gaza offensive following Hamas's Oct. 7 attack

Janet Yellen to visit China again in 2024, to focus on 'difficult' topics

Yellen emphasized the importance of using her exchanges with China to gather information about the world's second-largest economy

Why large consumer brands have a lot at stake in Disney, Sony deals

The first of these two transactions may come as early as Monday and would see Walt Disney Co. enter into a non-bidding agreement with Mukesh Ambani to merge their media businesses in the country