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German industrial production rose less ?than ?expected in April and economists ?said the outlook for Europe's largest economy remains weak, despite an unexpected ?increase in exports.Industrial production rose by 0.4% in April compared with the previous month, the federal stat...
Wang Chuanfu, chairman of BYD, ?on ?Tuesday said he expected the ?Chinese firm to become the world's largest automaker within five years, as ?he sought to reassure investors following a steep decline in the company's share price.BYD, which ranked ?sixth globally in 2025 with 4...
Beijing: China's domestic ?car demand ?has declined more sharply ?than expected at the start of the year and will likely ?remain under ?heavy ?pressure throughout 2026, an ?auto association executive said on Wednesday."Stabilizing domestic demand this year should be regarded a...
Beijing: China's domestic ?car demand ?has declined more sharply ?than expected at the start of the year and will likely ?remain under ?heavy ?pressure throughout 2026, an ?auto association executive said on Wednesday."Stabilizing domestic demand this year should be regarded a...
The closure of the Strait of Hormuz has removed more than 80 million tonnes per annum (mtpa) of LNG from global markets — equivalent to nearly one-fifth of worldwide supply — creating conditions for a fresh wave of multi-billion-dollar LNG investments outside the M...
India's exports have witnessed consistent growth in recent years, driven by supportive government policies, improved digital infrastructure, better logistics and trade reforms, a senior commerce ministry official said on Tuesday.Speaking at a regional media interaction organis...
India’s economic growth is expected to moderate in FY27 after accelerating to 7.7% in FY26. According to economists at Elara Capital, the improvement in FY26 was a cyclical recovery in demand rather than a structural shift in the economy. Motilal Oswal expect the FY27 gr...
Fitch Ratings has lowered its GDP growth projections for India amid the US-Israeli war against Iran. The credit rating agency estimates that the ongoing conflict will slow the economy in the September and December quarters. Fitch also projected 6.4% growth in the current fisca...
The central government has announced to provide financial support of about Rs 1.23 lakh crore to oil marketing companies to cushion losses triggered by the West Asia conflict and shield consumers from a sharper rise in fuel prices. However, no proposal has been made to curb ca...
Despite mounting pressure from surging global commodity prices that could nearly double the Centre’s fertiliser subsidy bill to Rs 3.4 lakh crore and necessitate support of Rs 1.23 lakh crore for oil marketing companies, the government remains firmly in control of the fi...
Passenger vehicle retail sales surged 23.25 % year-on-year to 402,591 units in May, helping the country’s loverall auto retail market grow 9.55 % to 2.53 million units despite a sharp fuel-price hike, intense heatwave conditions and geopolitical tensions in West Asia, ac...
Commerce and industry minister Piyush Goyal on Monday projected that India’s pharma industry could double its current size of around $60 billion to $120 billion in the next five years, largely driven by innovation, and alignment with the global best manufacturing practic...
U.K. pharmaceutical group GSKhas entered an agreement to acquire U.S.-based drugmaker Nuvalentfor $10.6 billion to bolster its lung cancer pipeline, in what would be the British drugmaker’s largest acquisition in more than a decade.The all-cash deal values Nuvalent at ab...
U.K. pharmaceutical group GSKhas entered an agreement to acquire U.S.-based drugmaker Nuvalentfor $10.6 billion to bolster its lung cancer pipeline, in what would be the British drugmaker’s largest acquisition in more than a decade.The all-cash deal values Nuvalent at ab...
India’s dealmaking activity moderated in May after an exceptionally strong April, even as investor appetite for large-ticket deals remained intact, according to Grant Thornton’s latest Dealtracker report.A total of 190 mergers and acquisitions (M&A) and private...
The Central Board of Direct Taxes (CBDT) has notified fresh guidelines for compulsory scrutiny of Income Tax Returns (ITRs) during the financial year 2026-27, identifying six categories of cases that may be selected for detailed examination by the Income Tax Department.The gui...
The Central Board of Direct Taxes (CBDT) has notified fresh guidelines for compulsory scrutiny of Income Tax Returns (ITRs) during the financial year 2026-27, identifying six categories of cases that may be selected for detailed examination by the Income Tax Department.The gui...
The Central Board of Direct Taxes (CBDT) has notified fresh guidelines for compulsory scrutiny of Income Tax Returns (ITRs) during the financial year 2026-27, identifying six categories of cases that may be selected for detailed examination by the Income Tax Department.The gui...
State governments started 2026-27 on a cautious note, with an estimated 8% dip in their budgetary capital expenditure and moderate growth in revenue expenditure.Data compiled from 20 major states showed that aggregate capital expenditure fell 8.2% year-on-year to Rs 20,931 cro...
A Pune bench of the Income Tax Appellate Tribunal (ITAT) has come to the rescue of a scrap dealer who was saddled with a tax demand of nearly Rs 44 lakh after the Income Tax Department treated cash deposits in his bank account as unexplained money.The case involved Wajeed Khan...
India is preparing to roll out new measures aimed at attracting more foreign money into the country, with key decisions likely to be taken as early as this week. According to Bloomberg, citing people familiar with the matter, the Union Cabinet is expected to discuss a major re...
Indian semiconductor startups raised $92 million in the first five months of 2026 across 12 deals, nearly four times the funds raised in the entire 2025, boosted by government initiatives, rising investor interest and more firms getting into production.According to data from V...
McDonald’s unveiled its latest global growth plan at its Worldwide Convention for franchisees. A new restaurant design, better-tasting food and drinks, consumer-led innovation and improved customer service are the four cornerstones of the new plan.The growth plan comes a...
Nearly half of America’s 857 unicorn startups haven’t raised fresh funding in three years, PitchBook data shows.Startups that last raised in 2021 are worth 68% less on average, PitchBook found, while those that last raised in 2022 have seen their valuations decline...