Heads or tails? In both cases, it’s Donald Trump. After triggering controversy and legal debate, the US President is finally set to appear on a commemorative $1 coin—making him the first living president to feature on US currency. The US mint has begun producing the new commemorative coin featuring Trump as part of celebrations marking…
NEW DELHI: British car majors, including JLR and McLaren, have announced steep reductions in prices as the India-UK Comprehensive Economic and Trade Agreement (CETA) kicked on Wednesday. But your bottle of Scotch and Gin, as well as blended India-made whisky, will take time to get cheaper, with the filing and clearances from state excise departments…
File photo: Ficci president Anant Goenka Ficci president Anant Goenka, who is the vice-chairman of the RPG Group, believes that the economic momentum is sustaining, especially after oil prices moderated. He tells TOI that the trade deals are positive and it is now for industry to take advantage of it. Excerpts:What is your assessment of…
NEW DELHI: India’s refurbished smartphones and laptops market is set to significantly outperform the market for new devices this year as soaring memory costs push up prices and drive more consumers towards certified pre-owned alternatives. The trend is also prompting leading brands to strengthen their official refurbished programmes, signalling that the secondary market is becoming…
NEW DELHI: India’s passenger vehicle market clocked its strongest-ever first quarter in April-June, with domestic sales rising 25.9% year-on-year to a record 12.7 lakh units, driven by strong demand for SUVs, lower financing costs and fresh model launches.The record quarter also reshaped pecking order among automakers, with Tata Motors reclaiming the country’s No. 2 position…
NEW DELHI: The Union cabinet on Wednesday approved two schemes, with govt support of Rs 1.9 lakh crore, aimed at taking India’s electronics manufacturing ambitions beyond assembly lines into semiconductor fabrication, advanced packaging, materials and homegrown mobile phone brands.The Cabinet cleared Semicon 2.0 with an outlay of Rs 1,27,500 crore and the Mobile Phone Manufacturing…
File photo: Workers wait for customers at a souvenir store as foreign tourists walk by Wangfujing shopping street in Beijing China’s economy slowed more than expected last quarter to the weakest in more than three years, raising pressure on policymakers to speed up public spending to ensure their annual growth goal is met.Gross domestic product…
MUMBAI: Home Credit India Finance, a subsidiary of TVS Holdings, signed a share purchase agreement on Wednesday, to acquire Varthana Finance which specialises in lending for education, in an all-cash deal valued at Rs 967 crore.The transaction will result in Varthana becoming a wholly owned subsidiary of Home Credit India, and a step-down wholly owned…
Crude oil prices continued to inch higher for the fourth day straight, staying beyond the $85 per barrel mark, on Thursday. The hike comes as investors react to a fresh escalation in the conflict between the United States and Iran, with concerns mounting over the security of major global energy shipping routes.Around 7 am IST,…
NEW DELHI: More than two-third people in India are now covered under at least one social security benefit – roughly translating into 100 crore people – International Labour Organisation (ILO) director general Gilbert F Houngbo said Wednesday.“According to ILO running estimates, India’s social protection system now reaches 100 crore people. This milestone offers lessons that…
