Page 9 - Vasudha Mukherjee

India's manufacturing PMI hits 16-month high at 59.1 in July on high demand

India's Manufacturing PMI for July climbs to 59.1 from 58.4 in June driven by new orders and output, shows HSBC survey as compiled by S&P Global

ED summons Anil Ambani in ₹10,000 crore loan diversion probe after raids

Enforcement Directorate (ED) summons Reliance Group Chairman Anil Ambani over alleged ₹10,000 cr loan fraud; probe reveals fund diversion, shell firms, Yes Bank link

Trump to build $200 million White House ballroom through private funding

The new ballroom will be privately funded by US President Donald Trump and other donors; the venue is expected to seat 650 guests, replacing temporary South Lawn tents

Trump calls India and Russia 'dead economies' but data tells a different story

From India's trillion-dollar export surge to Russia's energy strength, trade data counters Trump's claim amid escalating tariffs and tensions

Adani Enterprises Q1 results: Profit halves to ₹734 crore; Ebitda drops 12%

Adani Enterprises Q1 FY26 results: While consolidated revenue rose 9.7%, profit and total income fell; incubation businesses contributed 74% of Ebitda

Vedanta Q1 results: Profit down 12% to ₹3,185 cr; Ebitda hits record high

Vedanta Q1 FY26 results: While quarterly profit and revenue declined, Vedanta posted its highest-ever Q1 Ebitda and margin in 13 quarters. An interim dividend of ₹7 per share was approved

Standard Chartered backs flexibility as Wall Street tightens office return

While Wall Street rivals like JPMorgan and HSBC mandate in-office work, British multinational bank Standard Chartered is sticking with hybrid flexibility to retain talent

Massive oil reserves in Pakistan, says Trump: Here's what US said in 2015

Pakistan's untapped shale reserves have long intrigued energy analysts. A 2015 US report had already mapped billions of barrels underground

OpenAI revenue doubles to $12 bn, clocks in 700 mn weekly ChatGPT users

OpenAI is pushing aggressively into custom enterprise AI services and eyeing billion-dollar deals, as its user base surges. Its growth is fuelled by demand for ChatGPT and high-value AI contracts

Trump ends $800 duty-free rule, targeting China's e-commerce industry

US President Donald Trump ends the $800 duty-free exemption on imports from August 29, targeting Chinese e-commerce like Shein and Temu

China's five-year plan enters final year: How much has it delivered?

With its 14th Five-Year Plan nearing completion, China is preparing to set priorities for 2026-30. Here's a breakdown of what was achieved

India presses ahead with US trade talks despite looming Aug 1 tariffs

India is pushing ahead with trade deal talks with the US despite looming Trump-era tariff threats, focusing on long-term economic alignment beyond short-term disruption

Explained: Why the Ambani family is investing in Jio Financial, not RIL

Ambani family's ₹10,000 crore capital infusion into Jio Financial bypasses RIL. Here's what it signals for strategy, control, and the future of the group's NBFC play

Vedanta refunded ₹1,030 cr brand fee to unit after ED scrutiny: Viceroy

Viceroy Research alleges Vedanta Resources refunded ₹1,030 crore to Vedanta Ltd after ED scrutiny, raising questions over intercompany brand fee payments and governance

NSDL IPO opens today: How Harshad Mehta scam led demat revolution in India

From the 1992 Harshad Mehta scam to its public listing in 2025: How NSDL helped modernise and build the dematerialised capital market ecosystem in India

Samsung's PLI journey ends. Will India's production incentive boom hold?

Samsung has completed its PLI cycle, claiming ₹1,000-1,200 crore in FY25. With payouts ending, India must evaluate whether the scheme builds lasting manufacturing ecosystems

TCS reshapes delivery model as GenAI, ChatGPT redefine Indian IT growth

TCS cuts over 12,000 jobs as Indian IT pivots to GenAI, automation and leaner delivery teams. Hiring slows across top firms as margins, skills, and productivity take precedence

China rolls out $500 child subsidies to boost birth rate: But is it enough

While China's new payout is its boldest pro-birth move yet, it may not counter the deep economic and social pressures driving China's demographic decline

Blink and cost of milk is different: Uber surge tech now in supermarkets

Electronic shelf labels are transforming grocery pricing in Europe and the US, but raise fears of real-time surge pricing and transparency risks

'Halted trade but play cricket': Owaisi questions govt over India-Pak match

Hyderabad MP Asaduddin Owaisi said his conscience won't permit him to watch the September 14 India-Pakistan Asia Cup match