(Reuters) -Hindustan Unilever reported a nearly 5% decline in profit before tax and exceptional items for the second quarter, as sales volumes took a hit before the government’s goods and services tax cuts kicked in. The Indian unit of UK’s Unilever, home to brands such as Dove soap and Surf Excel detergent, said its profit …
Unilever’s India arm posts profit decline on sales disruption ahead of tax cuts Read More »
By Praveen Paramasivam (Reuters) -Tata Technologies will recruit more local nationals in the United States, its top boss said, as the Indian engineering services provider reacts to U.S. President Donald Trump’s wide-ranging immigration crackdown. The United States plans to charge businesses a steep fee for H1-B visas, used by tech majors including Amazon.com and Meta …
India’s Tata Tech to hire more locals in US as Trump cracks down on immigration Read More »
By Noel John and Pablo Sinha (Reuters) -Gold prices fell on Wednesday to a near two-week low, following their sharpest single-day drop in five years in the previous session, as investors booked profits ahead of key U.S. inflation data due this week. Spot gold was down 1.7% at $4,054.34 per ounce, as of 01:42 p.m. …
Gold extends fall as investors book profits ahead of US inflation data Read More »
By Polina Devitt LONDON (Reuters) -Gold’s remarkable rise has moved into a new phase with the swelling influence of speculators bringing greater volatility yet market players are sticking with forecasts for higher prices in 2026 even if central bank demand eases. On track for its biggest yearly rise since 1979, gold’s 54% rise year to …
Analysis-From FOMO to fear of margin calls: gold’s wild ride enters new stage Read More »
By Christoph Steitz FRANKFURT (Reuters) -Germany’s Thyssenkrupp will start giving India’s Jindal Steel International more access to financial details of its Thyssenkrupp Steel Europe (TKSE) business from next week, two people familiar with the matter said. Jindal Steel made an indicative bid last month for TKSE, Europe’s second-largest steelmaker after ArcelorMittal and Thyssenkrupp CEO Miguel …
Thyssenkrupp, Jindal Steel to deepen TKSE due diligence next week, sources say Read More »
By Aditya Kalra and Munsif Vengattil BENGALURU (Reuters) -India’s government on Wednesday proposed that artificial intelligence and social media firms should clearly label AI-generated content to tackle the spread of deepfake and misinformation, prompted by similar moves by the European Union and China. With nearly 1 billion internet users, the stakes are high in a …
India proposes strict rules to label AI content citing growing risks Read More »
By James Pearson LONDON (Reuters) -The hack of Jaguar Land Rover, owned by India’s Tata Motors, cost the British economy an estimated 1.9 billion pounds ($2.55 billion) and affected over 5,000 organisations, an independent cybersecurity body said in a report published on Wednesday. The report was produced by the Cyber Monitoring Centre, an independent, not …
Jaguar Land Rover hack cost UK economy an estimated $2.5 billion, report says Read More »
By Abhijith Ganapavaram NEW DELHI (Reuters) -A group of global lessors has asked India to reconsider draft aviation rules they say complicate the task of reclaiming aircraft from distressed carriers by requiring lessors to first clear airline taxes and salaries, sources said. India is a key market for lessors as hundreds of new planes are …
Lessors protest India draft rules on payment of dues to reclaim jets, sources say Read More »
(Reuters) -India and the United States are nearing a long-stalled trade agreement that would reduce U.S. tariffs on Indian imports to 15% to 16% from 50%, India’s Mint reported on Wednesday citing three people aware of the matter. The deal, which hinges on energy and agriculture, may see India gradually scale back its imports of …
India nears deal to slash US tariffs on Indian imports to 15%-16%, Mint reports Read More »
By Nandita Bose WASHINGTON (Reuters) -U.S. President Donald Trump said he spoke with Indian Prime Minister Narendra Modi on Tuesday, with their conversation focused largely on trade. “We talked about a lot of things, but mostly the world of trade,” Trump told reporters in the Oval Office. Trump added that energy was also part of …
