Page 26 - Reuters/workspace/business Standard Web/undefined

Govt scraps tax exemption on imports of missile parts amid Adani prob

In September, the government said it would free up all such parts, whether for long- or short-range missiles, from import taxes, in a boost for defence companies

Meet Indian AI startups replacing call-center jobs with human-like chatbots

AI-powered systems are subsuming jobs done by headset-wearing graduates in technical support, customer care and data management, sparking a scramble to adapt

Indian-origin US strategic expert Ashley Tellis held over China links

Tellis is also a senior fellow at the Carnegie Endowment for International Peace, a Washington think tank

Asia shares recover, dollar eases as Fed cut bets reclaim spotlight

Powell left the door open to further rate cuts on Tuesday and said the end of the central bank's long-running effort to shrink the size of its holdings may be coming into view

US banking giants see gains from dealmaking surge but warn of asset froth

Global investment banking fees reached a four-year high in the first nine months of the year, underpinning earnings

Broadcom to launch Thor Ultra networking chip, intensifying Nvidia rivalry

The Thor Ultra will battle Nvidia's networking interface chips and aim to further entrench Broadcom's control of network communications inside data centers designed for AI applications

Gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters

Spot gold rose 0.7% to $4,137.76 per ounce as of 11:22 a.m. ET (1522 GMT), after hitting a record high of $4,179.48 earlier in the session

India-backed oil refinery in Mongolia to start operations by 2028

The announcement was made during Mongolian President Khurelsukh Ukhnaa's visit to India

India's EAAA Alternatives to invest up to ₹400 bn in clean energy by 2030

EAAA Alternatives on Tuesday got a $60 million commitment from the European Investment Bank for the India Energy Transition Fund, which is looking to raise about $300 million by the end of the year

Goldman Sachs profit jumps 37% as bankers cash in on strong deal activity

Goldman announced last month it will take a stake worth as much as $1 billion in T Rowe Price, as part of a partnership to tap the asset manager's retirement money for alternative assets

Crude oil declines more than 2% on US-China trade tensions, IEA report

Brent crude futures fell $1.38, or 2.2%, to $61.94 a barrel by 1248 GMT, while U.S. West Texas Intermediate crude was down 2.3%, or $1.37, at $58.12. Both contracts were at a five-month low

RBI may allow Emirates NBD to acquire controlling stake in RBL Bank

While India allows 74% foreign investment in private banks, the shareholding of a single foreign institution is limited to 15% by the RBI unless the regulator gives exceptional approval

China is making it harder to get rare earth magnet export licenses

Approvals are taking longer, although generally still within the commerce ministry's 45 business day deadline, but the scrutiny is now similar to April, at the height of the trade war

Russian oil imports in Apr-Sep fell 8.4% on tighter supplies, discounts

September's volume was flat versus August at 1.6 million bpd, down 14.2 per cent from the same month a year ago, the data showed

Balaji Amines accused of making pharma-grade chemical without licence

Balaji said it had tested its PG using US and Indian pharma standards at the behest of its non-pharma clients, and this was the reason why those standards were mentioned in its PG labels

Indian textile exporters turn to EU, offer discounts amid high US tariffs

The EU is India's largest trading partner for goods, with two-way trade of $137.5 billion in the fiscal year to March 2024, for an increase of nearly 90 per cent over the past decade

Asian stocks edge up amid uneven recovery as Wall Street recovers

Wall Street's main indexes ended as much as 2.2 per cent higher on Monday, led by chipmakers, after Trump struck a more conciliatory tone about US-China trade tensions

US, China to roll out tit-for-tat port fees on shipping amid trade tensions

Early this year, Trump's administration announced plans to levy the fees on China-linked ships to loosen that country's grip on the global maritime industry and bolster US shipbuilding

Polaris looks to separate Indian Motorcycle into standalone company

The divestiture comes at a time when Polaris is looking to streamline operations as it grapples with weak consumer demand and tariffs

Gold, silver surge to all-time highs on trade jitters, rate-cut optimism

Spot gold was up 1.9% to $4,093.39 per ounce, as of 10:04 a.m. ET (1404 GMT), after hitting a record $4,096.35/oz