BENGALURU: Uber’s India business posted total sales of Rs 3,849.2 crore in FY25, up 2.3% y-o-y, reflecting a sharp slowdown in growth even as losses widened significantly, according to consolidated financials accessed via Tofler.Operating loss surged to Rs 1,052.3 crore from Rs 84.8 crore in FY24, with operating margin deteriorating to -27.3% from -2.2%. Net…
NEW DELHI: Auto component companies are stepping up investments in India, scouting for new acquisitions and expanding capacities as free trade agreements (FTAs) open up fresh export opportunities for them.Executives across companies told TOI that India is fast emerging as a manufacturing and export base, especially for US and European markets, with recent trade deals…
Meet the 11 Indian Americans Who Just Made Forbes’ Most Powerful Innovators List In a striking testament to the evolving face of American ingenuity, 11 Indian Americans have been honoured among Forbes’ 250 America’s Greatest Innovators, a list released as part of the United States’ 250th anniversary celebrations, spotlighting those whose ideas and leadership have…
Paramount Skydance is now on track to take over Warner Bros. Discovery after Netflix withdrew from the bidding war. The move hands control of a vast entertainment empire spanning: CNN, Nickelodeon, HBO, and Warner’s blockbuster franchises, to the Ellison family, headed by Oracle founder Larry Ellison and his son, Paramount CEO David Ellison.Netflix co-CEOs Ted…
NEW DELHI: Amid uncertainty over tariffs imposed by the US, commerce and industry minister Piyush Goyal met US commerce secretary Howard Lutnick in the Capital on Thursday, signalling that both sides remain engaged on the issue.The details of what transpired remain unclear. “Engaged in very fruitful discussions to expand our trade and economic partnership,” Goyal…
Prime Minister Narendra Modi will inaugurate US-based chipmaker Micron Technology’s semiconductor assembly and testing plant at Sanand in Gujarat on Saturday(February 28).The state-of-the-art ATMP (Assembly, Testing, Marking and Packaging) facility has been set up with an investment of Rs 22,516 crore. Located near Ahmedabad, the Sanand plant marks a major step in India’s semiconductor journey…
US stocks drifted lower on Thursday as a selloff in Nvidia weighed on the broader market, even as most shares posted gains.The S&P 500 fell 0.6 per cent, extending the week’s volatility driven by optimism and unease surrounding the artificial intelligence boom. The Dow Jones Industrial Average rose 77 points, or 0.2 per cent, while…
PM Modi’s push to transform India into a major global manufacturing hub faces a challenge from the US and China. (AI image) PM Narendra Modi’s push for ‘Make in India’ is facing resistance and criticism from US and China – the two largest world economies. India is currently the world’s fifth largest economy, on its…
Gold’s long-term outlook remains bullish as global de-dollarisation, rising fiscal stress and escalating geopolitical tensions reshape the global financial order, according to a report by Motilal Oswal Financial Services Ltd (MOFSL).In its latest Precious Metals Quarterly Report, the brokerage said gold prices crossed the $5,000 per ounce mark in early 2026, marking one of the…
Domestic benchmark equity indices ended nearly flat on Thursday amid profit booking in select heavyweights and mixed global cues.At closing, the 30-share BSE Sensex slipped 27 points, or 0.03 per cent, to settle at 82,248.61, while the Nifty 50 edged up 14 points, or 0.06 per cent, to close at 25,496.55.The Nifty 50 had opened…
