Finance

New Delhi: India-US talks on forging a bilateral trade deal may require a reset through a conversation at the highest level, said Mark Linscott, senior advisor, US-India Strategic Partnership Forum and a former Assistant US Trade Representative. He said there is a strong desire on the US side to make progress and conclude a short-term

It’s not clear whether Trump’s latest demands would actually save US consumers money, as the proposal mostly affects newly launched drugs | Photo Credit: EVELYN HOCKSTEIN President Donald Trump escalated his campaign to pressure pharmaceutical companies to lower drug prices, sending letters to 17 of the world’s largest drugmakers demanding they charge the US what

Chinese automakers surpassed a 10 per cent share of Europe’s electric-vehicle market in June, marking a full comeback from tariffs set in place last year by the European Union. Manufacturers led by BYD Co. captured 10.6 per cent of all EV registrations in the region, based on figures from industry researcher Dataforce. That was the

Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group | Photo Credit: PRASHANT WAYDANDE Eight days after carrying out searches, the Enforcement Directorate has summoned Reliance Anil Ambani Group (RAAGA) Chairman Anil Ambani, asking him to appear for questioning on August 5 in a money laundering probe against alleged large scale frauds committed by

The likelihood of a 25 basis points rate cut by the US Federal Reserve in September has increased, but the final decision will depend on upcoming economic data, according to a recent report by ICICI Bank. The report stated that there is now a 65 per cent probability of a rate cut in September and

Last month, Microsoft said Chinese state-backed hacking groups had exploited vulnerabilities in its SharePoint file sharing software. China accused the US of exploiting a flaw in Microsoft Corp.’s email servers to steal military data and launch cyberattacks on its defense sector. The Cyber Security Association of China said in a statement Friday that US actors

Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC) Sun Chanthol has announced that Cambodia has purchased 10 Boeing aircraft from the United States, coinciding with a significant shift in trade policy between the two nations. The announcement was made today during a press conference highlighting recent positive

Synopsis “If steel demand in India has to grow to 250-300 million tonne, then there is a lot of investment that is required,” Narendran told ET in an interview. “It is not that the industry is financially fantastic; you have fewer players because more and more people are struggling to survive in this industry,” he

NEW YORK: Microsoft soared past $4 trillion in market valuation on Thursday, becoming the second publicly traded company after Nvidia to surpass the milestone following a blockbuster earnings report. The technology behemoth forecast a record $30 billion in capital spending for the first quarter of the current fiscal year to meet soaring AI demand and

Oil marketing companies (OMCs) have announced a price cut of Rs 33.50 for 19 kg commercial LPG cylinders, effective August 1. In Delhi, the revised retail price will be Rs 1,631.50. However, there is no change in the cost of 14.2 kg domestic LPG cylinders. This marks yet another adjustment in a series of reductions