Tesla reported weaker-than-expected results for the April–June quarter, posting its biggest revenue drop in over a decade and a notable decline in profits. The Elon Musk-led electric vehicle (EV) giant is facing headwinds from reduced government support and softening demand, even as it pushes ahead with ambitious plans for autonomous driving and new vehicle models.For…
Gold price prediction: With positive momentum building, and strong global cues, MCX Gold may continue its northward journey in the near term. (AI image) Gold and silver price prediction today: Gold prices may test the Rs 101,700 levels in the near future on the back of overall bullish sentiments, say analysts. Silver prices too suggest…
Asian markets rallied on Thursday, with the Australian dollar reaching an eight-month high as upbeat earnings and fresh trade deals lifted investor appetite for riskier assets.Japan’s Topix index touched a record high, tracking Wall Street’s overnight gains, after a new trade agreement between Japan and the US fueled hopes of more deals to avoid sweeping…
MUMBAI: Tilaknagar Industries, maker of Mansion House brandy is acquiring the Imperial Blue business from the Indian unit of French liquor giant Pernod Ricard in a Rs 4,150-crore all-cash deal to “fast-track” its foray into the whisky segment. The transaction includes deferred payment of Rs 282 crore, to be paid four years after the deal,…
Representative image (ANI) The irregular distribution of rainfall across different states in the country is expected to cause some supply distress in terms of prices of key crops, according to a recent report by ICICI bank, quoted by ANI.The report points out that the low rainfall in some regions could lead to crop damage, creating…
Representative image (ANI) The Asian Development Bank (ADB) on Wednesday lowered its forecast for India’s GDP growth for FY26 from 6.7 percent to 6.5 percent, citing uncertainty in global trade and the effect of higher US tariffs on Indian exports and investment flows“This revision is primarily due to the impact of US baseline tariffs and…
BENGALURU: The Enforcement Directorate on Wednesday said it has filed a complaint under Foreign Exchange Management Act (FEMA) against Myntra Designs (Myntra), a unit of Flipkart, and its related companies and their directors for receiving overseas investments of over Rs 1,654 crore in violation of foreign direct investment (FDI) rules on retail.The agency accused Myntra…
This is an AI-image, used for representational purposes only. US stocks extended their record-breaking run on Wednesday after Washington and Tokyo struck a deal to slash proposed tariffs, fuelling optimism about further trade breakthroughs. The S&P 500 rose 0.4 per cent in early trading, while the Dow Jones climbed 232 points or 0.5 per cent,…
BENGALURU: Good Glamm Group’s managing director and CEO Darpan Sanghvi has confirmed that the company will no longer operate as a single consumer goods entity, with lenders now enforcing their charge over individual brands in the portfolio.In a LinkedIn post, Sanghvi said the group structure will be dismantled and assets sold separately, following failed attempts…
File photo: Personal finance author Robert Kiyosaki (Picture credit: X/@theRealKiyosaki) Personal finance author Robert Kiyosaki has once again raised alarm over the state of the global financial system, urging investors to abandon fiat currencies and instead turn to real assets like gold, silver, and Bitcoin. In a fresh social media post on X, the Rich…