US auto major Ford is revisiting its strategy for the Maraimalai Nagar plant near Chennai, with top executives expected to hold a meeting to decide the facility’s future, people familiar with the matter told ET. “The Trump tariffs have made the company reassess the financials underlying the original plan,” one source said. The company could…
US President Donald Trump on Friday announced reaching a deal with AstraZeneca, which would lower the cost of some prescription drugs for millions of Americans.The agreement will see the company sell certain medicines at reduced prices to the government’s Medicaid health plan in exchange for tariff relief. This follows a similar arrangement made with Pfizer…
The technology services sector is witnessing a fundamental transformation from personnel management to competency-based organisation. (AI image) The Indian IT sector has been hit by a wave of what experts are calling ‘silent layoffs’! These firings may lead to as many as 50,000 people losing their jobs in the IT sector by year-end.Whilst precise dismissal…
India should be careful in its negotiations with the US and should focus on its self-reliance rather than depending on Washington, Global Trade Research Institute (GTRI) said in a report. In a report titled “Trump’s tariff offensive hits a rare earth wall,” the think tank analysed the impact of Trump’s recently imposed tariffs on China…
Tractor sales at new high CHENNAI: With a host of favourable factors driving demand, tractor volumes hit a historic high this September, and total domestic sales surpassed the half-a-million mark in the first half of the fiscal year for the first time.Domestic tractor sales stood at 1,46,180 units in September, compared with 1,00,542 units in…
Cryptocurrency markets tumbled on Friday as renewed trade tensions between the US and China, alongside a fresh export control move by Donald Trump, rattled investors worldwide.After the announcement crypto giant Bitcoin fell 8.4% to $104,782 at 17:20 ET and Ethereum followed, tumbling 5.8% to $3,637. Earlier on Monday, Bitcoin, the world’s largest crypto, recorded its…
US President Donald Trump has thrown another punch in Washington’s long-running economic bout with Beijing, threatening to slap fresh 100% tariffs and export bans in response to China’s tightening grip on rare earth minerals. The uneasy truce between the world’s two biggest economies came after months of uneasy calm, sending shockwaves through global markets and…
MUMBAI: Pushing for a public listing of Tata Sons, Shapoorji Pallonji Mistry on Friday said it was “not merely a financial step – it is a moral and social imperative. “Tata Trusts stand to benefit immensely from this (IPO) process. A transparent and publicly accountable Tata Sons would pave the way for a robust and…
SIPs hit new high of 29.4k crore MUMBAI: Volatility in the markets notwithstanding, retail investors continued to invest through systematic investment plans (SIPs) in mutual funds, which helped push the monthly gross flows through this channel to an all-time high of Rs 29,361 crore in Sept. The month also recorded the highest ever assets under…
