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Chinese EV makers extend buying incentives as price war enters 3rd year

Li Auto announced on Thursday cash subsidies of 15,000 yuan ($2,055) per car purchase as well as a three-year zero-interest financing scheme

Nvidia's market value gets $2 trillion boost in 2024 on AI rally

The chipmaker's market value increased by over $2 trillion last year, reaching $3.28 trillion at the close of 2024

States' fundraising may get expensive amid record borrowing, say investors

Long-term investors such as insurance companies, provident funds and pension funds are major investors for state debt

Asia's factories end 2024 on weak footing as Trump 2.0 risks loom large

US President-elect Trump has pledged to impose big tariffs on imports from three major trading partners Mexico, Canada and China

South Korea police search Jeju Air, airport operator over fatal plane crash

Police investigators are searching the offices of the airport operator and the transportation ministry aviation authority in the southwestern city of Muan

Asian shares stumble as 2025 begins with focus on Trump's policies

The start of the New Year was shaping up to be a less favourable one for equities, as uncertainty over the policies of incoming President Trump

Dollar starts 2025 higher, yen sinks to five-month low on rate concerns

A wide interest rate difference between the US and other economies has cast a shadow over the currency market

Putin asks Russian govt, top bank to develop AI cooperation with China

Putin's instructions were published on the Kremlin's website on Wednesday, three weeks after he announced that Russia would team up with Brics partners and other countries to develop AI

Heavy supply schedule nudges govt bond yields higher as 2025 kicks off

The 10-year bond yield was at 6.7742 per cent as of 10:10 a.m. IST on Wednesday, compared with its previous close of 6.7597 per cent

Automakers' stocks drive share market higher in first session of 2025

Shares of Maruti Suzuki, which sells most cars in India, climbed 3.2 per cent after the company said sales to dealers rose about 30 per cent in December

Mahindra logs 18% jump in Dec car sales to dealers on strong SUV demand

Mahindra, India's second-biggest SUV maker by market share, has remained resilient amid a broader slowdown in car sales

Citigroup, BofA join US lenders in exiting Net-Zero Banking Alliance

They follow Wells Fargo and Goldman Sachs, which both left the alliance earlier this month

Bank loan growth slows for fifth month in Nov amid stricter lending rules

Banks' credit increased by 11.8 per cent year-on-year last month, slower than the 16.5 per cent rise in November 2023

Rupee tipped to weaken gradually amid dollar strength as 2025 kicks off

The local unit dipped to its sixth consecutive record closing low on Tuesday, pressured by a decline in its regional peers

Gold set for best year since 2010 amid rate cuts, safe haven demand

Spot gold rose 0.1 per cent to $2,607.72 per ounce as of 1315 GMT, while US gold futures gained 0.1 per cent to $2,620.40

Maersk asks customers to remove cargo as workers' strike at US ports looms

According to an advisory on Maersk's website, the conditional agreement on wages is set to expire on Jan. 15. If no agreement is reached by that date, a coast-wide strike on Jan 16 is possible

Europe's Russian gas era comes to an end as Ukraine transit stops

Russia's oldest gas export route to Europe - a pipeline dating back to Soviet days - was set to shut at the end of 2024, as a five-year transit deal between Russia and Ukraine expires

Oil prices set for second annual loss in a row, stable day on day

Brent crude futures rose by 42 cents, or 0.6 per cent, to $74.41 a barrel as of 1430 GMT. US West Texas Intermediate crude gained 38 cents, or 0.5 per cent, to $71.37 a barrel

NPCI delays UPI payments market share cap in relief for PhonePe, Google Pay

The mandate, which was to take effect from the end of 2024, will now kick in at the end of December 2026

April-Nov fiscal deficit at 52.5% of full-year target, shows govt data

Total government expenditure for the eight months was 27.41 trillion rupees, or about 57% of the annual goal. The government spent 26.52 trillion rupees in the same period last year