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Tata to buy majority stake in Pegatron for its iPhone plant in Tamil Nadu

Under the deal announced internally last week, Tata will hold 60 per cent and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support

Muslims who voted for Donald Trump upset by his pro-Israel cabinet pick

Muslim support for Trump helped him win Michigan and may have factored into other swing state wins

Elon Musk's political ascendancy stirs hopes of redemption for X banks

Banks typically sell such loans to investors soon after the deal is done, but in the case of X, which Musk bought for $44 billion in 2022, they have been stuck holding the debt

China willing to be partners, friends with US, says Chinese envoy

China has no plan to surpass or replace the United States, Xie Feng said in a speech in Hong Kong on Friday, addressing Chinese officials and the US ambassador to China

Wall Street fall as US data, Fed comments signal slower rate cut path

Fed Chair Jerome Powell said on Thursday central bank did not need to rush to lower interest rates due to ongoing economic growth, a solid job market and inflation that remains above its 2% target

Musk ramps up lawsuit against OpenAI, adding Microsoft, antitrust claims

Musk has a long-simmering opposition to OpenAI, a startup he co-founded and that has since become the face of generative AI through billions of dollars in funding from Microsoft

US industrial production sags in Oct amid continued drag from Boeing strike

The Fed estimated that the strike depressed industrial production by 0.2 percentage point in October after exerting a 0.3 percentage point drag in September

Musk's SpaceX preparing to launch tender offer in Dec at $135 per share

Musk, the world's richest person, is expected to wield significant influence in Washington to secure favorable government treatment for his companies

Dollar gains strength, poised for biggest weekly gain as rate cut hopes dim

A key pillar of support for the dollar has been the expectation that higher inflation under Trump will mean the Federal Reserve has less room to cut interest rates

Gold nears two-month low, headed for worst week in over three years

Spot gold was little changed at $2,568.37 per ounce as of 1215 GMT. Prices have fallen more than 4% so far this week

General Motors laying off nearly 1,000 workers worldwide, most in US

The layoffs come as car company is trying to reposition itself as a leader in electric vehicles and software, which are both costly. GM is aiming to cut $2 bn to $4 bn in losses on EVs next year

Review Starlink, Kuiper reach before spectrum allocation: Reliance to Trai

"The authority should critically examine the capacities created by these mega ... constellations such as Starlink and Kuiper," the letter dated Nov. 15 said

Aluminium jumps 8.5% to $2,730 after China cancels export tax rebates

Three-month aluminium on the London Metal Exchange soared as much as 8.5% to $2,730 a metric ton and was up 6.1% at $2,670 in official open-outcry trading

Donald Trump's transition team aims to kill Biden admin's EV tax credit

Elon Musk, one of Trump's biggest backers and the world's richest person, said in July that killing the subsidy might slightly hurt Tesla sales but would be "devastating" to its U.S. EV competitors

COP climate talks need reform, no longer fit for purpose: Climate leaders

Delegates struggled for hours on the opening day to agree an agenda and the mood has been soured by doubts about the United States' future role under a Donald Trump presidency, diplomatic spats

Investors stepping back from biggest losers in Donald Trump's trade war

Since the eve of the election, U.S. stocks have risen more than 4% while European equities have fallen about 1% and emerging market shares are at two-month lows

Alibaba misses quarterly revenue estimates, cloud revenue rises 7%

Its U.S.-listed shares were up 3.3% in pre-market trading, however, as it reported an adjusted profit of 15.06 yuan per American Depository Share, beating estimates of 14.88 yuan

US signs $6.6 bn semiconductor chip subsidy for TSMC before Trump's return

In April, TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona fab by 2030

Unilever reduces European job cuts, adds 1,000 roles for ice cream unit

Unilever said earlier this year it would axe 7,500 jobs globally as part of a restructuring to save about 800 million euros

Samsung Electronics plans $7.2 bn buyback to boost shareholder value

The board of directors will decide on ways to enhance shareholder value, including when and how to use the remaining seven trillion in the repurchase programme, the company said