FILE – The company logo is shown on the grille of an unsold 2026 AMG S63 Performance model on the lot of a Mercedes Benz dealership Nov. 2, 2025, in Littleton, Colo. (AP Photo/David Zalubowski, File) Mercedes-Benz USA and parent company Daimer AG have agreed to pay $149.6 million to settle allegations that the automaker…
American company FedEx has come under fire after a multibillion-dollar federal delivery contract coincided with a sharp increase in the company’s hiring of foreign workers, even as it cut hundreds of US jobs across multiple states.In December 2022, the US Transportation Command awarded FedEx a contract worth $2.24 billion for the Next Generation Delivery Service-2…
MUMBAI: RBI sold a net $11.9 billion in Oct 2025 to support the rupee, reinforcing its role as the stabilising force in the currency market. Data from RBI’s Dec bulletin shows that the central bank stayed active across both spot and forward markets through FY25 to reduce volatility and keep market conditions orderly.In the spot,…
Oracle co-founder Larry Ellison has stepped in to personally guarantee more than $40bn in financing for Paramount Skydance’s hostile $78bn bid for Warner Bros. Discovery. The move follows open scepticism from WBD’s board over whether the offer was fully funded and capable of closing. By putting his own wealth on the line, Ellison aims to…
NEW DELHI: India and New Zealand on Monday concluded a free trade agreement (FTA) that is expected to deepen economic ties between the two nations, with both countries vowing to double bilateral trade in the next five years.The FTA, the third to be sealed this year after the ones with UK and Oman, will give…
NEW DELHI: India will soon start discussing terms of reference (ToR) for a proposed free trade agreement (FTA) with Canada, commerce and industry minister Piyush Goyal said on Monday. The ToR will define the scope and structure of the negotiations and is first formal step towards reviving talks that were paused by Canada in 2023….
NEW DELHI: Capital infusion by Japan’s Mitsubishi UFJ Financial Group (MUFG) will strengthen Shriram Finance’s balance sheet as well as provide long-term growth capital. MUFG has said it will invest Rs 39,618 crore in Shriram Finance through a preferential allotment of equity shares, acquiring a 20% stake in the non-bank lender. MUFG will make the…
With most major retailers across the US either closing early on Christmas Eve or remaining shut for the entire Christmas Day, shoppers planning last-minute errands are being advised to check store timings carefully before stepping out.According to an AP report, operating hours can vary widely by location, with some chains opting for limited or modified…
India and New Zealand have concluded negotiations on a free-trade agreement, but its immediate impact on merchandise trade is likely to be limited given bilateral flows of just $2.1 billion in FY2025, according to a Global Trade Research Initiative (GTRI) analysis.The agreement, finalised on December 22 following a phone call between Prime Minister Narendra Modi…
As Indian equities head into the final trading sessions of the year, the familiar question around the Santa Claus rally has resurfaced, with historical data and recent market signals pointing towards smaller stocks once again stealing the spotlight.Data from SAMCO Securities shows that smallcap stocks have delivered the strongest performance during the Santa Claus period…
