Tata Trusts row: Noel files caveat in HC, city civil court
MUMBAI: Sir Dorabji Tata Trust (SDTT) chairman Noel Tata and his son Neville Tata, who is also a trustee, have filed caveats in the Bombay High Court and
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Hyundai set to invest $15.5bn in India till 2032
CHENNAI: Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032 to expand manufacturing, research and development, local sourcing
Bank of America ordered to pay historic $1.2 billion fine over alleged sanctions and anti-money laundering violations
The fine is the third-highest penalty ever issued by the Treasury Department, which found that the bank failed to report billions in suspicious transactions.
Tier-2 cities ahead in use of BNPL: Report
BENGALURU: India's smaller cities are emerging as bigger users of digital credit than metros, even as consumers remain far more comfortable using payment
'We are in a higher interest rate world in terms of inflation shock'
S&P global chief economist Paul Grunwald was in India and spoke to TOI about the inflation challenge, the China shadow on manufacturing and large tech
Scientists urge tighter AI controls to prevent global cyber risks
Call comes amid polls casting doubts on political leaders’ ability to manage AI risks as US midterm elections near.
CVS to pay $315M settlement over allegations of illegally filling opioid prescriptions
The Justice Department (DOJ) announced Tuesday that CVS Health has agreed to pay $315 million to settle lawsuits alleging the company illegally filled prescriptions for opioids and other controlled substances. The settlement resolves a lawsuit first filed in 2019 by former CVS employee Hillary Estright in 2019 under the whistleblower provision of the False Claims…
Most say Trump more interested in his wealth than helping people like them: Survey
Most Americans say President Trump is more interested in his own wealth than helping people similar to them, according to a new poll. An Associated Press-NORC Center for Public Affairs Research poll found that 56 percent of respondents described Trump’s overall prioritization of “his personal business interests” as “a lot” during his second term. Nineteen…
Vance announces plan to use wartime authority to boost fuel production at Texas refinery
The Trump administration will use wartime authority to augment fuel production at a refinery in Texas, Vice President JD Vance announced on Tuesday. The move comes as high energy prices are putting a strain on the economy and are becoming a political liability ahead of the midterms. “I am pleased to announce that the Trump…
Tier-2 cities outpace metros in digital credit use, trust remains hurdle: Report
Tier-2 cities lead India’s digital credit use, with 60% using BNPL vs 45% in metros; report flags trust, transparency and settlement delays as key hurdles.
Wall Street mixed as bank earnings lift Goldman, Iran war and inflation weigh
Wall Street stocks traded mixed on Tuesday as investors assessed a fresh batch of corporate earnings, with strong results from major US banks offset by
Diesel futures jump, signaling higher prices to come despite Trump’s Russia deal
Diesel futures traded sharply higher Tuesday, as doubts mounted that the Trump administration’s recent maneuvers to lower prices would make much of an impact.
Karnataka to drop repeat GST notices in closed cases
Karnataka to withdraw repeat GST notices in already audited and closed cases; commercial taxes dept also plans earlier audit notices and reviews audit scope.
The Iran war is costing American households $2,000 each, Moody’s estimates
The deeply unpopular war in the Middle East continues to deliver economic shockwaves through Main Street America.
Speculative attack on rupee promoted foreign exchange measures: RBI
MUMBAI: The RBI’s curbs on foreign exchange trading were aimed at checking speculative bets against the rupee after the central bank found that around
Six Flags financial trouble started well before tragic death
Six Flags shares sank sharply Tuesday to their lowest level since 2009 after a rollercoaster rider tragically fell to his death at a Georgia park. But the company was under legal and financial pressure long before this week’s deadly incident.
Kroger laying off 3,000 corporate employees over 3 years amid increased AI use
Grocery store chain Kroger said it will lay off 3,000 corporate employees over the next three years as it ramps up its use of artificial intelligence to streamline operations.
Thousands of bottles of acetaminophen sold on Amazon recalled
Consumers reported finding discolored tablets, according to the recall notices.