Business

MUMBAI: Inspira Global, which owns the Chinese Wok brand, is acquiring Burger King India operator Restaurant Brands Asia (RBA). As part of the deal, Everstone Capital will exit RBA by selling its entire 11.3% stake to Inspira Global for about Rs 460 crore. The quick service restaurant space has been going through a slowdown on…

MUMBAI: The rupee weakened for a fifth consecutive session on Tuesday, closing at 90.98 to a dollar, down 7 paise from the previous session, after breaching the 91 mark and sliding to a one-month low intraday amid rising geopolitical tensions and sustained selling in domestic equity markets.The currency opened marginally weaker and slipped to 91.05…

MUMBAI: Uncertain political and economic environment, combined with weakness of the dollar and rising industrial demand for silver pushed gold and silver prices to record levels on Tuesday, both in the international and domestic markets.Gold broke above the Rs 1.5 lakh/10gm mark for the first time while silver traded above the Rs 3 lakh/kg mark,…

New Delhi: The country’s core sector growth accelerated to a four-month high in Dec. Data released by the commerce and industry ministry on Tuesday showed the eight core sectors, spanning coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, rose an annual 3.7% in Dec, faster than the 2.1% in Nov but…

MUMBAI: A weakening rupee is pushing Toyota to accelerate localisation and exports from India.“It (weaker rupee) pushes us for more localisation, but it also pressurises us for exports,” Tadashi Asazuma, deputy MD of Toyota Kirloskar Motor, told TOI in an interview ahead of the launch of the company’s first electric vehicle in India. The rupee…

Representative image (AI-generated) US stocks dropped sharply in morning trading on Tuesday after President Donald Trump threatened to impose new tariffs on eight NATO members. The move has escalated geopolitical tensions over his push to assert American control over Greenland. The sell-off marked the first opportunity for markets to react to the latest escalation, after…

US Treasury Secretary Scott Bessent claimed that India has scaled back purchases of Russian oil following trade action taken by President Donald Trump, linking New Delhi’s move to the imposition of tariffs by Washington.Speaking at the World Economic Forum in an interview with Fox Business, Bessent, talking about the Russian Sanctions Bill, said India began…

The European Parliament is planning to suspend approval of the EU-US trade deal agreed last July in response to President Donald Trump’s threat to impose new tariffs on European nations over Greenland. The decision is expected to be formally announced in Strasbourg on Wednesday, signaling heightened tensions between Washington and its European allies, according to…

Jio Platforms is waiting for the government to issue final guidelines on SEBI’s proposed changes to IPO rules before finalising its listing plans, a senior company official said. The company’s IPO timeline will depend on when these regulatory details are clarified.SEBI in September approved proposals to relax initial public offering requirements for very large companies…

Representative image (AI) HYDERABAD: Global fast moving consumer goods (FMCG) giant Unilever is open to the of setting up its global capability centre (GCC) in Hyderabad and top brass of the company held deliberations on the issue with Telangana chief minister A Revanth Reddy at the World Economic Forum (WEF) at Davos.The CM, who is…