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Amazon says exports from India-based sellers to cross $5 bn in 2024

Such items are usually easy to post directly to customers abroad and less affected by import taxes than costlier products

US, Britain, EU to sign first legally binding international AI treaty

The AI Convention, which has been in the works for years and was adopted in May after discussions between 57 countries, addresses the risks AI may pose, while promoting responsible innovation

Fitch changes global reinsurers' outlook to 'neutral' from improving

Reinsurers, which insure the insurers, have raised their rates in recent years in response to losses from the Covid-19 pandemic, wars and natural catastrophes

Google limits on Android Auto access may breach EU rules: Court adviser

Google's refusal to provide third-party access to Android Auto platform may be in breach of competition rules, Court Advocate General Laila Medina said

Kamala Harris' tax plan may cut down 5% of corporate profits: Goldman Sachs

On Wednesday, Harris said Trump's plans would cut off federal programs that offer loans to small businesses, cut the corporate tax rate and push the US deficit higher

With low sales, auto dealers worry about offering further discounts

The double whammy of higher inventory costs and deeper discounts is a nightmare for auto dealers as that has a direct impact on their profit margins

China's Xi boosts Africa financing by $51 billion, offers a million jobs

China and Africa account for one-third of the world population, without our modernisation, there will be no global modernisation, Xi said

Gen AI boosting productivity of Indian IT industry's rising niche: TCS exec

Generative AI has taken centre stage in the space and clients are replanning budgets and product features, Chakravarti said

Travel agency Easy Trip Planners to make electric buses; shares jump 14%

This move aligns with our growth plans to expand the non-air business and will help us establish a strong foothold in the growing EV and eMobility sector, said Rikant Pittie, EaseMyTrip's co-founder

Data InvIT raises nearly $1 bn in rare bond deal to fund ATC India purchase

Canada's Brookfield Asset Management had said at the start of the year that it would buy ATC's India operations, ATC Telecom Infrastructure, for $2.5 billion via the trust

Global investors, fund managers struggle to keep up as India's market grows

Part of the reason for the long-term underweight has been that many investors preferred China's cheaper and dynamic market, while entry and exit costs for funds can be high in India

Reliance Industries board approves bonus share issue in 1:1 ratio

This is the oil-to-chemicals conglomerate's first bonus issue since 2017, when its stock price was roughly Rs 700

Swedish automaker Volvo Cars slashes its margin and revenue ambitions

Volvo Cars, which is majority-owned by China's Geely, lowered its target for operating profit margin

With super typhoon winds, Yagi whirls towards Southern Chinese provinces

Packing maximum sustained winds of 209 kph (130 mph) near its eye, Yagi registers as the world's second-most powerful tropical cyclone

China urges US to 'immediately' lift all tariffs on Chinese-made goods

US is expected to make its final determination in the coming days after delaying a decision twice

Bank of Japan policymaker urges caution regarding interest rate hikes

The BOJ's plan to keep raising rates comes at a time when many other central banks are beginning to ease policy

GDP to expand 7.2% in FY25 despite lower Q1 growth, says RBI Guv Das

Das said agriculture should perform better during the rest of the year due to a good monsoon and aid a further pick-up in rural demand

India to top China among emerging markets, equities rally: Morgan Stanley

In the context of India being underweight in the average emerging markets portfolio, this is even better for foreign portfolio flows

Harris' proposed tax reforms may cut S&P 500 earnings by 5%: Goldman Sachs

Harris proposed raising the corporate tax rate to 28 per cent from 21 per cent and ensure big corporations pay their fair share

World Bank approves $68 mn cross-border bank lifeline for Pacific Islands

The funding includes $9 million each to eight Pacific Island countries to establish a service