Page 259 - Reuters

Biden meets Donald Trump at White House, both pledge smooth transition

In a brief meeting, the two leaders assured the nation of a peaceful transition of power on January 20 next year

Global luxury sales to fall 2% in 2024, among weakest years on record: Bain

"This is the first time the personal luxury goods industry has declined since the 2008-09 crisis, with the exception of the pandemic," Bain partner Federica Levato told Reuters

President-elect Trump in Washington to meet Biden, fellow Republicans

Biden and Trump have sharply criticized each other for years, and their respective teams hold vastly different positions on policies from climate change to Russia to trade

US Oct retail inflation modestly up, may result in fewer interest rate cuts

The consumer price index rose 0.2% for the fourth straight month, the Labor Department said on Wednesday. In the 12 months through October

Bayer CropScience Q2 results: PAT falls to Rs 136 cr on pricing pressure

The company reported a consolidated profit of 1.36 billion rupees ($16.1 million) for the three months ended Sept. 30, compared to 2.23 billion rupees a year earlier

Sebi proposes to double minimum net worth requirement for custodians

Assets under their custody jumped to Rs 278.5 trillion by September 2024 from Rs 2.7 trillion in 2002

Prosus plans to list Indian digital payments, lending firm 'PayU' in 2025

PayU has had plans to list since late 2023, at a $5 billion to $7 billion valuation. It recently emerged from a 15-month regulatory ban on enlisting new merchants

Eicher Motors Q2FY25 results: Net profit grows 8.3% to Rs 1,100 cr

The company said its net profit rose 8.3% year-on-year to Rs 1,100 crore ($130.40 million) in the three months to Sept. 30

Blue Energy Motors plans to raise $100 million by January, says CEO

Blue Energy, India's first LNG truck manufacturer, was valued at $250 million in its previous fundraising round

Driven by 'Trump trade' Dollar scales 6-month peak ahead of inflation data

Dollar is reaping benefits of Donald Trump's victory in the US presidential election last week, which sent the US currency to its highest level since May 1 at 106.21 against a basket of currencies

India's Apr-Oct finished steel imports at seven-year high: Govt data

India's steel ministry favours a safeguard duty or a temporary tax to curb rising steel imports, a senior government official

NTPC Green targets $10.8 billion valuation in IPO, analysts flag concerns

Some analysts flagged concerns over NTPC Green's valuation, including on a price-to-earnings (PE) basis

Prism Johnson posts bigger-than-expected Q2 loss on tepid cement demand

Average cement prices slumped to a 51-month low around July-end and the first half of August, and only rose marginally in the later part of the quarter

India's middle class tightens its belt as inflation reaches 14-month high

Since the end of the pandemic, India's economic growth has been driven in large part by urban consumption, however, that now seems to be changing

Chinese battery giant CATL would build US plant if Trump allows it

Trump wants to prevent Chinese auto imports but has said he remains open to Chinese automakers building vehicles in US

Kiran Rao's Laaptaa Ladies is India's official entry at 97th Academy Awards

Laapataa Ladies is a story of two brides who get accidentally swapped in a crowded train. The title of the movie has changed from 'Laapataa Ladies' to 'Lost Ladies'

Asian shares slide on unease over jump in bond yields as US inflation eyed

Bond yields have soared since Donald Trump was elected back to the White House last week on expectations lower taxes

TSMC chip curbs undermine interests of Taiwan companies, says China

TSMC a few weeks ago notified the Commerce Department that one of its chips had been found in a Huawei AI processor

Samsung Electronics shares hit 4-year low on Trump risks, AI chips

The South Korean tech giant is the worst performing stock among global chipmakers like TSMC and Nvidia this year

US Senate democrats rush to confirm judges before Trump takes office

The Senate voted 51-44 in favor of her becoming a US district court judge in Illinois