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United Auto Workers union go on historic strike on 'Big Three' firms

The walkouts at the Detroit Three will halt production of the Ford Bronco, Jeep Wrangler and Chevrolet Colorado pickup truck, along with other popular models

Axis Bank investment banking unit's co-CEO Chirag Negandhi resigns

Axis Capital, one of the country's biggest investment banking firms, has been a part of some successful initial public offerings over the past year, including Cyient DLM, Mankind Pharma, Bikaji Food

India's forex reserves decline to 11-week low of $593.90 billion: RBI

The changes in foreign currency assets, expressed in dollar terms, include the effects of appreciation or depreciation of other currencies held in the RBI's reserves

Toyota on track to hit record sales in India helped by Suzuki partnership

Toyota's India business has been the biggest beneficiary of its global partnership with Suzuki which allows the two Japanese carmakers to share technology and vehicles

Britain to pump $621 million into Tata Steel to decarbonise Welsh plant

Tata Steel currently employs more than 8,000 people, raising the prospect that there will be as many as 3,000 redundancies as the lower-carbon electric furnaces are less labour intensive

Pernod Ricard faces India antitrust probe for boosting market share

The Competition Commission of India (CCI) has been pursuing the matter actively since early this year after senior members reviewed the case filed by Pernod's Indian rival, Radico Khaitan

Around 22 nations exploring bilateral trade with India in rupee: Sitharaman

"Those countries are running short of dollar," Sitharaman said

WhatsApp denies report that the platform is exploring ads to boost revenue

The report said that teams at Meta were discussing whether to show ads in lists of conversations with contacts on the WhatsApp chat screen, but no final decisions had been made

Infosys signs $1.5 bn contract to leverage AI solutions for 15-yr period

In July, Infosys signed a $2 bn deal with an existing client to provide AI and automation services for five years

China factory output, retail sales figures give boost to recovery prospects

The upbeat data suggest that a flurry of recent measures including property support policies to shore up a faltering economic recovery are starting to bear fruit

China's new home prices in August fall at fastest pace in 10 months

China has in recent weeks delivered a raft of measures to boost home buying sentiment, including easing some borrowing rules, and relaxing home purchasing curbs in some cities

SAP's India arm eyes more patents, jobs amid artificial intelligence push

The company, which looks to double its AI talent base by 2024, expects "3,000 new joinees to enter the organisation every year", Gangadharan said

Centre issues tender for gas-fired power to address high electricity demand

"The operation of gas-based plants is envisaged tentatively for 20 days during the crunch period, extendable by another five days based on requirement," a tender issued by a unit of state-run NTPC Ltd

Reliance Industries to temporarily shut some Jamnagar units for maintenance

The conglomerate owned by billionaire Mukesh Ambani is the operator of the world's biggest refining complex which houses two plants with a combined capacity of about 1.4 million barrels per day

Nielsen names insider Karthik Rao as new CEO

Since early 2023, the 23-year veteran Rao has served as the chief of Nielsen's audience measurement business

Google parent Alphabet fires hundreds from global recruitment team

Firm cut about 12,000 jobs in January, reducing workforce by 6%

SoftBank's Arm eyes $62 billion valuation in likely stellar Nasdaq debut

Its stock opened at $56.1 per American Depositary Share compared with the initial public offering (IPO) price of $51, in a sign of confidence for other companies planning to list

Dollar hits 6-month high after data as ECB wraps up rate hiking cycle

U.S. retail sales increased by 0.6% in August, more than expected 0.2% rise, boosted by higher gasoline prices while weekly initial jobless claims rose to 220,000 but were below the 225,000 forecast

Aluminium sector surging but hampered by labour shortages: Hindalco

India is already the world's second biggest aluminium producer and third biggest consumer, with demand set to double over the next decade, Nilesh Koul, an executive with Hindalco Industries

India has no immediate plan to scrap import duty on wheat: Official

New Delhi was considering cutting or even abolishing a 40% import tax on wheat as part of efforts to boost supplies, a government official said last month