Ford to cut 4,000 European jobs, cites weak EV demand and competition
Berlin: Ford announced plans to cut around 14% of its European workforce, equating to 4,000 jobs, citing weak electric vehicle (EV) demand, limited government support, and competition from subsidized Chinese automakers, media reports said.
Bengaluru: The Indian government is reviewing a proposal to impose a temporary tax on Chinese steel imports, JSW Group Chairman Sajjan Jindal said, according to a Reuters report.
Donald Trump may impose 40% tariff on Chinese imports next year
Washington DC: The United States may impose tariffs of nearly 40% on Chinese imports early next year, Reuters reported, citing the outcome of a poll of economists it conducted.
Adani Group to build Mumbai’s largest international convention centre
New Delhi: The Adani Group plans to invest around $2 billion to develop Mumbai’s largest international convention centre (ICC) near the international airport it operates, according to a report by Livemint.
India-UK FTA talks to resume early next year: Ministry of Commerce and Industry
The Indian Ministry of Commerce and Industry on Wednesday said discussions over relaunching the Free Trade Agreement between India and the UK will commence in early 2025.
RBI alerts investors about 'deepfake videos' of Governor Shaktikanta Das circulating on social media
Mumbai/IBNS: The Reserve Bank of India (RBI) on Tuesday (Nov. 19) issued a warning to investors regarding the circulation of deepfake videos featuring Governor Shaktikanta Das on social media.
Nokia secures 4G and 5G extension contract from Bharti Airtel for India operations
Mumbai/IBNS: Nokia has signed a multi-year, multi-billion-dollar extension agreement with Bharti Airtel to deploy 4G and 5G equipment across key Indian cities, the telecom giant announced on Wednesday (Nov. 20).
Meta disagrees with CCI's Rs 213-crore penalty over WhatsApp policy, to file an appeal
New Delhi/IBNS: WhatsApp parent Meta plans to contest the Rs 213.14 crore fine imposed by the Competition Commission of India (CCI) for alleged anti-competitive practices tied to WhatsApp’s 2021 privacy policy update, according to media reports.
Bitcoin soars past $94,000, hits record all-time high
New York/IBNS: Bitcoin has surpassed the $94,000 mark for the first time, achieving a record all-time high, fueled by reports of potential crypto-friendly moves under US President-elect Donald Trump.
Tata Power and Druk Green Power sign MoU to develop 5,000 MW renewable energy in Bhutan
Thimphu: Tata Power Company Ltd has entered into a strategic partnership with Druk Green Power Corporation Ltd (DGPC) to collaborate and develop at least 5,000 MW of clean energy generation capacity in Bhutan.
India's RE capacity to hit 250 GW by March 2026
New Delhi: India's renewable energy capacity is projected to reach 250 GW by March 2026, supported by a robust project pipeline exceeding 80 GW, according to a report by ICRA on Tuesday.
Nestle announces $2.8 billion cost-cutting plan, ramps up marketing to boost growth under new CEO
Nestle plans to ramp up marketing efforts, cut costs by at least $2.8 billion by 2027, and reorganize its premium drinks and water businesses into a separate global unit to accelerate growth under new CEO Laurent Freixe, Reuters reported.
Indian govt mulling minority stake sale in four state-owned banks: Report
New Delhi: The Indian government is mulling offloading a minority stake in four state-owned banks to meet the public shareholding rules mandated by the country's markets regulator SEBI, a government source told Reuters.
WB govt to unveil IT infrastructure boosting policies: Min Babul Supriyo
Kolkata/IBNS: West Bengal Information Technology (IT) and Electronics Minister Babul Supriyo said the state government is hopeful of rolling out a slew of policies including that on GCC, semiconductor as well as drone to facilitate the development of IT infrastructure in Bengal.
Adani Infra to buy 30% stake in construction firm PSP Projects in Rs 6.85 billion deal
Adani Infra, a subsidiary of Gautam Adani's flagship Adani Enterprises, will buy a 30.07% stake in construction firm PSP Projects for Rs 6.85 billion ($81.2 million), Reuters reported, citing a company announcement by the latter.