Kohl's Corporation, the huge U.S. department store operator, has ousted chief executive Ashley Buchanan after she was found to be in breach of company policy, according to an internal investigation. A regulatory filing revealed that Buchanan had been up to her neck in vendor conflicts that also
Turbulence has struck Pakistan's financial markets in April, with border tensions between India and Pakistan growing to a peak that hasn't been seen in years. A deadly terror incident in Jammu and Kashmir that left more than 27 people dead has caused diplomatic relations to go
China's manufacturing sector saw its most rapid decline in over a year, with the April Purchasing Managers' Index (PMI) falling to 49.0, its lowest level since December 2023. This marked contraction, indicated by a reading below 50, occurs against the backdrop of the export-driven parts of
The US economy saw a contraction of 0.3% in the first quarter of 2025. This largely unexpected drop in the economy underscores the growing influence of trade uncertainty on the behavior of businesses and on our wider economy. It's driven primarily by businesses importing more goods in
A decisive step toward international expansion was taken by Paytm Cloud Technologies Ltd, a subsidiary of Indian fintech Paytm, with the incorporation of a new wholly owned subsidiary in the United Arab Emirates. Named Paytm Arab Payments LLC, the new entity was formed with an equity infusion of AED 8
Zaakpay, a fully owned arm of MobiKwik, has received the Reserve Bank of India’s (RBI) nod to work as an online payment aggregator. Approval was granted under the Act of 2007 that governs payment and settlement systems in India. With that, Zaakpay can now act as a legal intermediary
In a bold move that indicates the increasing impact of artificial intelligence, OpenAI has appended shopping hallmarks to ChatGPT, its well-liked conversational AI. The development allows users to scour for prices, peruse evaluations, and access direct links to make purchases, all within the app. OpenAI was at pains to point
In recent weeks, crude prices have confronted a pressure that seems unending, falling to levels not seen in four years. The energy market, which had been relatively stable, even and predictable a few months ago, has been turned upside down by a combination of weakening consumption indicators, rising stockpiles, and
Mother Dairy will up the price of its milk variants by as much as INR 2 per litre, effective April 30, 2025. The price hike will hit consumers in Delhi-NCR, Uttar Pradesh, Haryana, and Uttarakhand, the six states where the company has its largest markets. A company statement characterized the
The managing director and chief executive officer of IndusInd Bank left his post on April 29, just hours after the stock market closed and right after the bank allegedly announced that it was thinking of redoing assets on its balance sheet, something that S&P Global Ratings had already
The Government of India launched Sovereign Gold Bonds (SGBs) in 2015, and since then, they have provided investors an exclusive means to latch onto gold's price uptrend while pocketing fixed returns. Storage and authenticity worries do not plague SGB investors as they do with direct gold ownership. Additionally,
India's commercial vehicle space is undergoing a giant upheaval. Mahindra & Mahindra took a firm step in this very direction when it acquired a 58.96% stake in SML Isuzu, for INR 555 crore, at INR 650 per share. This not only brings Mahindra up to the fourth
Ather Energy’s highly awaited initial public offering opened with a comparatively tepid response, achieving just over 12% overall subscription on day one. Retail investors were the main driver behind that early subscription lift, with their category achieving 46% subscription by the end of the first day. Meanwhile, non-institutional investors
When Bert Mueller picked India instead of Europe for his study abroad program, people were hardly placing bets that it would lead to the establishment of a company worth millions. While many of his fellow students chose the well-trodden paths of Spain and Italy, Mueller opted for the narrow, less-frequented
On Monday, the Indian rupee staged a swift rally, momentarily appreciating to 84.96 against the US dollar before settling at 85.03. This was the rupee's best trading day since December 20, 2024, and a marked improvement from a close of 85.49 last Friday. Dealers attributed
Scott Bessent, Secretary of the Treasury, has made it clear that easing current trade tensions is the responsibility of China. In an interview with CNBC's Squawk Box, Bessent explained that the trade relationship between the US and China is heavily tilted in China's favor, with it
A post on Reddit from an anonymous source who claims to be an employee of Zomato, has stirred up quite a bit of controversy. It alleges that Zomato is in crisis and that the popular food delivery platform is steadily losing ground to competitors like Zepto Cafe and Swiggy. The
This past week saw fresh enthusiasm from foreign portfolio investors for Indian equities, as they pumped in a fresh INR 17,425 crore between April 21 and April 25. This was much higher than the nearly INR 8,500 crore they had infused in the previous week, which was cut
The Electronics Component Manufacturing Scheme (ECMS), along with its dedicated portal, has been launched by the government. The Union Minister for Electronics and Information Technology Ashwini Vaishnaw introduced the scheme with a promise of attracting huge domestic and international investments. The scheme was approved earlier by the Union Cabinet and
Not many will celebrate as quietly yet as triumphantly as IIT Madras when Ather Energy hits the stock market this week. Through its investment arms, the IIT Madras Incubation Cell and the IITM Rural Technology and Business Incubator, the institute transformed an early investment of just INR 15–29 lakh
IndusInd Bank has resolved to completely take on the loss of INR 1,959.98 crore for its quarter ending March 2025. This decision stems directly from the outcome of an independent investigation into the bank's derivatives portfolio. The investigation found a number of significant internal accounting problems,
VinFast, the electric vehicle maker from Vietnam often likened to Tesla, is reshaping its worldwide strategy and focusing much of its energy back in Asia. After a bold push to enter the U.S. market, the company is now toning down its western ambitions and is realigning its expansion with
Sarvam AI, a AI startup based in Bengaluru and founded by Vivek Raghavan and Pratyush Kumar, is progressing toward being the first beneficiary of the IndiaAI Mission. This mission is the flagship initiative from the Indian government to aid and boost the development of AI that is made and owned
Anmol and Puneet Singh Jaggi, promoters of Gensol Engineering Ltd, are now facing severe legal repercussions and conditions following their detention under the Foreign Exchange Management Act (FEMA). The Enforcement Directorate rounded up Puneet Singh Jaggi in Delhi while also conducting raids across Delhi, Gurugram, and Ahmedabad. This probe was