Business

Oppo, Vivo, Lenovo-Motorola, Haier, Midea and other top Chinese electronic companies are relying on group companies to fund their Indian operations, according to the Registrar of Companies filings. Most of the funds received are from external commercial borrowing route from linked parties.According to sources cited by ET, this comes as the entities face a roadblock…

Gold prices eased on Tuesday as traders chose to cash in recent gains, mirroring the softer sentiment in overseas markets. The pullback ended the strong run in bullion seen in the previous session.On the Multi Commodity Exchange, the benchmark contract slipped to Rs 1,30,266 per 10 grams. The February 2026 futures also headed lower, giving…

The government on Monday confirmed that there are no ongoing discussions or plans regarding the restructuring or combining of public sector banks.Pankaj Chaudhary, minister of state for finance, in a written reply to the Lok Sabha ruled out any such consideration and clarified, “presently, no proposal on merger or consolidation of Public Sector Banks (PSBs)…

Bajaj Housing Finance shares tumbled on Tuesday, hitting 52-week low amid buzz of a block deal.The firm’s stock price tumbled 9% to reach Rs 94.90 on the BSE following reports of a large block deal in which the firm’s promoter, Bajaj Finance, is believed to have offloaded 2.35% equity stake, valued at around Rs 1,890…

Asian markets mostly rose on Tuesday as investors focused on hopes of United States rate cuts and nerves around rising Japanese bond yields eased slightly.In Hong Kong, HSI rose 0.11%, rising 28 points to reach 26,061. Nikkei also rose 56 points to trade at 49,360 at 10:30 AM IST. South Korea’s Kospi added 1.81% to…

TOI correspondent from Washington: In the predatory world of American artificial intelligence, where top engineers command salaries in the millions and signing bonuses rival small fortunes, Apple Inc has taken a big bite out of Microsoft and Google. The iPhone giant on Monday announced the hiring of Amar Subramanya, a Bengaluru-educated Google veteran who briefly…

NEW DELHI: With demand continuing to be strong post the festive season, leading automakers – Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Hyundai and Toyota Kirloskar – saw robust growth in sales in Nov as compared to the same month last year. Maruti Suzuki India reported the best-ever total sales, including exports, last month at…

MUMBAI: India’s current account deficit narrowed to $ 12.3 billion, or 1.3% of GDP, in the Sept quarter, improving sharply from $20.8 billion, or 2.2% of GDP, a year earlier. The deficit, however, deteriorated quarter-on-quarter from $2.4 billion, or 0.2% of GDP, recorded in the June quarter. For the first half of FY26, the gap…

NEW DELHI: The country’s industrial production growth slowed to a 14-month low in Oct, dragged down by a sluggish manufacturing sector and contraction in electricity and mining sectors.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production (IIP) rose an annual 0.4% in Oct, lower than the upwardly revised…

Indian importers have stepped up advance purchases of South American soybean oil, securing large volumes for delivery from April to July 2026 as they brace for a potential jump in palm oil prices next year.According to a Bloomberg report, Aashish Acharya, vice president at Patanjali Foods Ltd, said buyers have committed to more than 150,000…