BENGALURU: Adani Group and Zoho Corp are both said to be backing off from their ambitious semiconductor projects, a setback to India’s plans to develop an indigenous chip manufacturing ecosystem. While Zoho founder Sridhar Vembu confirmed the move, the Adani news was reported by Reuters based on sources. Adani Group was in discussions with Israel’s…
Jim Farley, President and chief executive officer of Ford (File photo) Ford CEO Jim Farley has revealed that, despite the automaker’s deep manufacturing roots in the United States, Ford remains heavily reliant on imported components—some of which are simply not available from domestic suppliers. In an interview with CNN, Farley warned that President Donald Trump’s…
The US manufacturing sector contracted for another month in April, as mounting uncertainty surrounding President Donald Trump’s tariff policies continued to weigh heavily on industrial activity, according to new survey data released Thursday. In early April, the administration introduced sweeping tariffs affecting most nations. Although some of the duties were revised for selected countries, a…
US markets opened in green on Thursday, lifted by a wave of strong quarterly results from major companies, even as uncertainty deepens amid sweeping changes to the country’s long-established trade policies.Dow Jones Industrial Average traded at 40860.20, up 190.84 points of 0.47%. Nasdaq rallied 349.70 points or 2%, reaching 17796.04. S&P 500 also followed a…
After months of tense back-and-forth, the United States and Ukraine have finally signed a new agreement that will give Washington access to critical minerals and other untapped natural resources in Ukraine.Kyiv believes that the move will help lock in long-term military and financial support as it continues to resist Russian aggression.The deal, signed on Wednesday,…
The BSE Sensex gave significant returns, increasing nearly 4 per cent in April, despite geopolitical tensions. The upturn was driven by renewed foreign investment inflows, forecasts of above-normal monsoon rainfall, and positive prospects of an India-US trade agreement. Additionally, stock valuations became more attractive following recent market corrections, leading to increased buying activity. The BSE…
Adani Enterprises post record profit Adani Enterprises, the flagship company of the Adani Group led by Gautam Adani, reported a sharp 752 per cent year-on-year rise in consolidated net profit for the quarter ended March 2025, reaching Rs 3,845 crore, compared to Rs 451 crore in the same period last year, primarily driven by an…
NEW DELHI: Eternal Ltd, formerly known as Zomato Ltd, the food delivery and quick commerce enterprise operating Zomato and Blinkit brands, announced on Thursday a consolidated net profit of Rs 39 crore for the quarter ending March 31, 2025. This marks a change from the Rs 175 crore profit recorded in the corresponding period last…
The United States has tried reaching out to China, seeking discussions over President Donald Trump’s massive 145% tariff, a social media account linked to Chinese state media has claimed.According to a Reuters report, a Weibo post by Yuyuan Tantian, claimed that “the US has proactively reached out to China through multiple channels, hoping to hold…
Bank Holidays May 2025 (AI image) Bank Holidays May 2025: For those planning banking activities in May 2025, it’s essential to understand that bank holidays vary across different states. Whilst not all banks nationwide will be closed simultaneously, several significant holidays could affect banking services in specific regions.All banks, both scheduled and non-scheduled, will remain…
