Business

WEF economists expect global economic conditions to weaken in 2026 over mounting debt, geopolitics Around 53 per cent of World Economic Forum chief economists who were surveyed expect global economic conditions to weaken in the year ahead, down from 72 per cent in September 2025, even as they acknowledge the relative resilience of the global…

President Donald Trump on Friday said he would like to keep his top economic adviser, Kevin Hassett, at the White House rather than potentially nominate him to replace Jerome Powell as chair of the Federal Reserve. “I actually want to keep you where you are, if you want to know the truth,” Trump said at…

Brazilian President Luiz Inacio Lula da Silva and European Commission President Ursula von der Leyen on Friday celebrated the expected signing of the free trade agreement between the EU and four South American countries the following day at a ceremony that Lula will not attend. This is the first major trade agreement for Mercosur, which…

NEW DELHI: Ambassador of Italy to India, Antonio Bartoli, emphasised the “reliable” partnership between Rome and New Delhi and said it will be further enhanced by the conclusion of the European Union-Indian Free Trade Agreement. Speaking with ANI, Antonio Bartoli said Europe provides many advantages in the current era of “geopolitical turmoil.”“In an era of…

BENGALURU: Wipro reported revenue of $2.6 billion for the Dec quarter, marking a 1.2% sequential increase and a marginal 0.2% rise year on year. In constant currency terms, revenue grew 1.4% sequentially but declined 1.2% compared with the year-ago period. Wipro CEO Srini Pallia said that excluding the Harman DTS acquisition, revenue grew 0.6% sequentially…

NEW DELHI: Armed with the SC order, the income tax department will revive Tiger Global’s assessment for 2018-19 and deal with its refund claim of Rs 968 crore, even as investors review their transactions with some in the pipeline expected to be delayed.On Thursday, SC had upheld the I-T department’s claim related to Tiger Global’s…

MUMBAI: RBI’s forex reserves rose $392 million in the week ended Jan 9, lifted by a $1.6 billion jump in gold value that offset a $1.1 billion fall in foreign currency assets. Total reserves climbed to $687.2 billion, reversing part of the previous week’s $9.8 billion decline, RBI data released Friday showed.Foreign currency assets, the…

Mohan Lal Mittal with PM Modi MUMBAI: Mohan Lal Mittal, father of ArcelorMittal chairman Lakshmi Mittal and founder of the Mittal family’s steel empire, died Thursday evening in London. He was 99, just a few months short of his 100th birthday. Lakshmi Mittal said, “My father was an extraordinary man, whose strong religious belief and…

AMARAVATI: A $10-billion green hydrogen and green ammonia project at the port city of Kakinada in Andhra Pradesh is set to reach a key construction milestone with its first major equipment erection ceremony, underscoring India’s push to emerge as a supplier of green energy to global markets including Germany, Japan and Singapore. The first major…

BENGALURU : The implementation of the new labour code has led to significant one-time charges across India’s top IT companies, reflecting increased gratuity and leave liabilities. TCS took the largest hit at Rs 2,128 crore, followed by Infosys at Rs 1,289 crore, HCLTech at Rs 956 crore, Wipro at Rs 302 crore, and Tech Mahindra…