Representative image (AI-generated) The International Monetary Fund (IMF) on Friday urged Asian countries to lower non-tariff barriers and boost regional trade integration. The organisation said that this would help them reduce vulnerability to US tariffs and global economic shocks.Trade has been a major driver of Asia’s economic growth, with China serving as the global hub…
Representative image (AI-generated) MUMBAI: Private equity investor Blackstone will pick up a 9.99% stake in Federal Bank for Rs 6,196.51 crore. The investment will be made through Asia II Topco XIII Pte Ltd, a Blackstone-controlled entity that handles the firm’s strategic transactions in India. Federal Bank’s board cleared the proposal on Oct 24, 2025. It…
CHENNAI: Even as the government’s GST cut raises hopes for a revival in entry-level bike sales, the long-term direction of India’s two-wheeler market remains clear — a steady march toward premiumisation, with buyers shifting gears toward more powerful, stylish, and tech-savvy models.Industry analysts point out that premiumisation is no longer just a trend — it’s…
Gold-backed ETFs experienced their most substantial single-day tonnage withdrawal in five months, indicating that institutional investors are reducing their positions. (AI image) Why are gold prices falling? After a record-breaking run, gold prices seem to be taking a breather with a significant 3% drop this week in the international markets. The yellow metal is set…
Union commerce and industry minister, Piyush Goyal held a series of meetings with top business leaders in Germany to strengthen trade and business cooperation between the two countries.The minister is on an official visit to Berlin from October 23, aimed at deepening India’s economic engagement with Germany. Piyush Goyal Highlights India’s Growth Amid Global Trade…
Alaska airlines (File photo) Alaska Air Group on Thursday lowered its 2025 profit forecast due to rising fuel costs and operational challenges. The airline said adverse weather and other disruptions have further pressured its profit margins.The airline also projected fourth-quarter profit well below analysts’ expectations.Fuel costs have surged due to refinery outages on the US…
Elon Musk-owned Starlink is preparing to establish 9 gateway earth stations across India as it gears up to launch its satellite communication (satcom) services in the country.The proposed stations will be located in Mumbai, Noida, Chandigarh, Hyderabad, Kolkata and Lucknow.“The company has applied for 600 gigabit per second capacity over India through its Gen 1…
LKP says that traders are advised to adopt a cautious approach, preferring a sell on rise strategy. (AI image) Gold price prediction today: Gold prices are likely to trade in a narrow range with a neutral to bearish bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy…
Three India-based companies were among 45 entities sanctioned by the European Union (EU) on Thursday for their alleged links to the Russian military.The three Indian firms named in the EU statement are Aerotrust Aviation Private Limited, Ascend Aviation India Private Limited and Shree Enterprises, news agency PTI reported. The sanctions form part of the EU’s…
US President Donald Trump will meet Chinese President Xi Jinping on October 30, on the sidelines of the Asia-Pacific Economic Cooperation Summit in South Korea, White House press secretary Karoline Leavitt said on Thursday, reaffirming the meeting that had been questioned following an escalation in trade tensions. Leavitt informed reporters that Trump departs for Malaysia…
