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US Steel takeover plan has support in steelmaking areas: Nippon Steel Prez

On Monday, a US foreign investment committee referred the decision whether to approve or block the $15 billion deal to US President Joe Biden, who has 15 days to decide

Toyota global production down for 10th month despite rising sales

The world's biggest automaker manufactured 869,230 vehicles globally in November, down 6.2 per cent from the same month last year

Honda-Nissan's $6.4 bn merger: Big synergies, but is time on their side?

Honda has focused more on hybrids and unlike Nissan offers the models in the United States, where demand for the cars has surged

Global hunger crisis rises rapidly as major countries cut back on aid

The United Nations says that, at best, it will be able to raise enough money to help about 60 per cent of the 307 million people it predicts will need humanitarian aid next year

Ventive Hospitality IPO gains 9.82 times subscription on last day of offer

As of September 2024, the company's portfolio has 11 operational properties, comprising 2,036 keys across the luxury, upper upscale and upscale segments

Ousted Bangladesh PM Hasina's son denies graft in $12.65 bn nuclear deal

Bangladesh's Anti Corruption Commission said on Monday it had launched an enquiry into allegations of corruption, embezzlement and money laundering in the Rooppur Nuclear Power Plant project

Apple seeks to defend Google's billion-dollar payments in search case

Prosecutors will seek to show Google must take several measures, including selling its Chrome web browser and potentially its Android operating system, to restore competition in online search

Big banks, business groups sue US Federal Reserve over annual stress tests

These tests determine the capital banks must set aside to meet their obligations and also dictate the scope of dividend payouts and stock buybacks

India's small businesses drive jobs growth, wage gains curbed by inflation

The number of small manufacturing businesses, mainly family- owned units such as garment makers, auto component makers and food processing enterprises, grew to 20.15 million

More than 5,000 Starbucks workers strike at 300 plus stores across US

The Christmas Eve strike on Tuesday was projected to be the largest ever at the coffee chain, the union added. These strikes are an initial show of strength, and we're just getting started

Sold net $9.28 bn in spot forex market in October, says RBI Bulletin

The RBI's net outstanding forward sale stood at $49.18 billion as of October end, compared with a net sale of $14.58 billion at the end of the previous month, the data showed

American Airlines lifts ground stop after unspecified technical issue

A notice on the US Federal Aviation Administration website merely said the company had requested a nationwide groundstop, without giving a reason

Gold edges higher in holiday trading, focus remains on Fed outlook

After aggressively cutting rates in September and November this year, the Fed persisted with cuts in December but hinted at fewer reductions in 2025

Govt reviews $30 billion sulphur-cutting programme for coal plants

Instead of FGDs, government officials have proposed deploying locally made electrostatic precipitators that remove fine particles such as dust and smoke from emissions

Govt's push for home-grown satellite constellation gets 30 aspirants

The regulator had sought "expressions of interest" (EoI) in July to build home-grown satellite constellations as part of a broader strategy to monetize the sector and ensure data sovereignty

State refiners may buy Middle East spot oil to replace Russian shortfall

The refiners fear continued problems in securing Russian oil in the spot market could continue in coming months

Starbucks strike to expand to 300 stores on Christmas Eve, says union

Starbucks Workers United, representing employees at 525 stores nationwide, said more than 60 US stores across 12 major cities, including New York, Los Angeles, Boston and Seattle, were shut on Monday

China plans record $411 billion special treasury bond issuance next year

The proceeds will be targeted at boosting consumption via subsidy programmes, equipment upgrades by businesses and funding investments in innovation-driven advanced sectors

China to hike pensions, med insurance subsidies to spur consumption in 2025

The country will boost the basic pension for retirees and for urban and rural residents and raise financial subsidy standards for urban and rural residents' medical insurance

Apple approaches $4 trillion valuation as investors bet on AI momentum

The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone, thanks to an about 16% jump in shares since early November that has added about $500 billion to its market