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HAL Q2FY25 results: Net profit jumps 22.1% on defence aircraft demand

HAL had secured an engine manufacturing contract worth 260 billion rupees for the Indian Air Force during the reported quarter

Air taxi startup ePlane Co raises $14 million; eyes testing in mid-2025

The global air taxi market was valued at $2.3 billion in 2023 and is projected to be worth $14 billion by end-2032, a study by Global Market Insights showed

India bond yields marginally higher, traders await debt supply via auction

Investors now see an 83 per cent chance of a December rate cut, up from 59 per cent a day ago, and 70 per cent a week ago, according to the CME FedWatch tool

Cross-border challenges widen wealth gap between Europe, US: IMF study

If trade barriers between EU countries were lowered to the level that existed between US states, it would boost European productivity by seven percentage points

Taiwan central bank chief doubts Trump may penalise nation for chip biz

Taking lawmaker questions, Taiwan central bank governor Yang Chin-long said that the semiconductors and other tech products manufactured on the island are materials of such strategic importance

Trump's Treasury pick: Lutnick now likely top contender alongside Bessent

While the sources said the race seemed to have narrowed to the two for now, it is possible that other serious contenders could emerge as Trump ultimately decides who he wants

US Senate Republicans pick insider John Thune as their next leader

Thune, 63, is seen as an even-tempered institutionalist and seasoned legislator who has close relationships with many of his fellow Republicans

India's Adani Group to invest $10 billion in US energy following Trump win

The billionaire announced the investment, with no specific timeline, while congratulating U.S. President-elect Donald Trump on his election win

How Elon Musk's US govt efficiency panel might work to save $2 trillion

Here is how this new panel, which will be headed up by Musk, the world's richest person, and former Republican Presidential candidate Vivek Ramaswamy, might work

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