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Toronto excludes Tesla vehicles from EV incentive due to US trade war

Toronto is promoting the adoption of EVs purchased as vehicles for hire by giving drivers and owners a reduction in licensing fees and renewal fees until the end of 2029, to help it lower emissions

Donald Trump nominates Republic Airways CEO Bedford to lead US FAA

FAA position has been vacant since January 20, when FAA Administrator Mike Whitaker stepped down a little more than one year into a five-year term when Trump took office

Moody's places IndusInd Bank's credit assessment on review for downgrade

Moody's said that the impact of the derivatives transactions, coupled with the ongoing stress in the retail unsecured loans, is likely to hurt the bank's profitability, capital and funding

Intel's new CEO plots overhaul of manufacturing and AI operations

The new trajectory includes restructuring the company's approach to AI and staff cuts to address what Tan views as a slow-moving and bloated middle management layer

Trump says he plans to speak with Putin on Mar 18 about ending Ukraine war

Kremlin spokesman Dmitry Peskov confirmed on Monday that Putin would speak with Trump by phone but declined to comment on Trump's remarks about land and power plants

US sees 1st outbreak of H7N9 bird flu since 2017; egg prices at record high

The spread of avian influenza, commonly called bird flu, has ravaged flocks around the world, disrupting supply and fuelling higher food prices

OECD warns of tariff drag on growth as Trump vows to press on with levies

Trump, speaking aboard Air Force One on route to Washington overnight, also repeated he had no plans to create exemptions for the 25 per cent steel and aluminum tariffs that went into effect last week

Dollar dented by worries over Trump's tariffs; euro remains in favour

The euro has strengthened after German parties on Friday agreed on a fiscal deal that could boost defence spending and revive growth in Europe's largest economy

Religare Enterprises seeks governance review, funding from Burman family

The Burman family, who founded and control consumer goods conglomerate Dabur India, acquired control of the financial services provider in February after a 17-month takeover battle

TaMo, Maruti Suzuki to hike vehicle prices to offset raw material costs

Tata Motors will hike prices of its commercial vehicles, including trucks and buses, by up to 2% from April, while Maruti Suzuki said it will increase car prices by as much as 4% next month

Delhi airport operator sues govt for allowing flights from defence airbase

The airport in Delhi is one of India's busiest, with about 73.6 million passengers last year, although it made a loss of $21 million because of higher government fees

Moody's downgrades Volkswagen on sector headwinds, competition in China

Last week, Volkswagen forecast another challenging year of ramping up EV sales, cutting costs and navigating trade tensions amid fierce competition with cheaper and faster rivals in China

Ola Electric shares drop 7.2% to record low after insolvency petition

Rosmerta Digital Services, a vehicle registration service provider and a creditor of Ola Electric Technologies, filed a petition against the unit alleging default in payments

India's merchandise trade deficit narrows to $14.05 billion in February

Merchandise trade deficit for March was $14.05 billion, compared with economists' forecast of $21.65 billion

Investors may want India to lower ultra-long debt bond supply in FY26

The gap between yields on India's 10-year and 40-year bonds, a marker of the premium investors ask for buying long-term notes, spiked to a nearly three-year high of 40 basis points in February

Indian investor appetite to get tested amid $3 billion debt supply

Indian states will raise over Rs 40,100 crore through a debt sale on Tuesday, followed by Rs 54,000 crore of issuances next week, as per schedule

State Bank of India shelves $1.7 billion fund raising as yields elevated

The bank had planned to raise as much as Rs 15,000 crore (about $1.7 billion) through sale of bonds before the end of March, but will now tap the market in the next financial year

US-EU tariff war risks $9.5 trn of business: American Chamber of Commerce

Trump has railed against the US goods trade deficit with the EU, although in services there is a US surplus, and urged manufacturers to produce in America

Fast-fashion retailer Forever 21 files for bankruptcy, 2nd time in 6 yrs

The move likely means liquidation for the company, which was unable to find a buyer for its roughly 350 US stores

China's new home prices decline in Feb as govt's stimulus efforts fall flat

On a year-on-year basis, new home prices fell 4.8 per cent versus a 5.0 per cent drop the previous month