Intel announces key executive shake-up, says products chief Holthaus will exit
[ad_1] Trump has also called for Tan to resign over conflicts of interest [File] | Photo Credit: REUTERS Intel announced a series of top executive changes on Monday, including the departure of products chief Michelle Johnston Holthaus, at a time when CEO Lip-Bu Tan intensifies efforts to turn around the struggling U.S. chipmaker. Holthaus, who will leave after more than
GST 2.0 could undermine dietary health
[ad_1] On September 22, India will simplify its GST rates into two main slabs, 5% and 18%, with a special 40% bracket for “sinful” and ultra-luxury goods. Many everyday foods get cheaper. For example, pizza bread will drop from 5% to zero and a long list of sugar-based products, including sugar-boiled confectionery, chocolates, jams, and fruit jellies, will move from12-18%
PNC expansion: Bank to acquire FirstBank for $4.1 billion, deal to boost presence in Colorado and Arizona
[ad_1] PNC Financial Services has announced plans to acquire Colorado-based FirstBank in a $4.1 billion transaction, marking a significant expansion of its footprint in the US retail banking market.Headquartered in Lakewood, Colorado, FirstBank—also known as 1stBank—operates 120 branches and holds $26.7 billion in assets. The lender is privately held, though shareholders owning 45.7% of the company have already voted in
IPO watch: LG Electronics may launch India arm IPO in October; Rs 15,000-crore issue in works
[ad_1] South Korea’s LG Electronics is gearing up to launch the initial public offering (IPO) of its Indian subsidiary in October, banking sources aware of the matter told ET. The consumer electronics major is planning to raise around Rs 15,000 crore through the share sale, making it the largest IPO of 2025 so far.According to one of the bankers involved,
World needs stable environment for trade; economic practices must be fair, transparent: Jaishankar at BRICS virtual meeting
[ad_1] The world is seeking a stable and predictable environment for trade and economic practices should be fair, transparent and to everyone’s benefit, External Affairs Minister S. Jaishankar said on Monday (September 8, 2025), against the backdrop of increasing global concerns over Washington’s tariff tussle. In an address at a virtual BRICS summit, the External Affairs Minister said India strongly
SpiceJet says made full payment of $24 million to Credit Suisse as part of settlement
[ad_1] Shares of SpiceJet fell 2.90% to ₹33.45 apiece in late afternoon trade on the BSE. File. | Photo Credit: Reuters SpiceJet on Monday said it has completed the full payment of $24 million to Credit Suisse, fulfilling the terms of the settlement reached more than three years ago. On the date of the execution of the settlement agreement in May
Switching to E20 blended fuel: Why are vehicle owners worried? Explained
[ad_1] The government’s rollout of E20, a new ethanol-blended petrol, has sparked panic and confusion across India, the world’s third-largest auto market.Since its nationwide rollout in April, the move has sparked public concern and confusion, with many worried about how it might affect their vehicles and calling for more options in ethanol fuel blends like the E10 and E5.Why are
‘GST 2.0 will significantly enhance alcobev consumption in H2’
[ad_1] A consumption boom would follow the GST rate cut and the alcoholic beverage (Alcobev) sector would also be a major beneficiary out of this, said Praveen Swameswar, Managing Director & CEO, Diageo India. “GST [cut] will significantly enhance consumption in the second half of this financial year. FMCG is at a great place and Alcobev consumption would be robust,” he said.
What to know about the Hyundai-LG plant immigration raid in Georgia
[ad_1] This image from video provided by U.S. Immigration and Customs Enforcement via DVIDS shows manufacturing plant employees being escorted outside the Hyundai Motor Group’s electric vehicle plant, Thursday, Sept. 4, 2025, in Ellabell, Ga Corey Bullard/U.S. Immigration and Customs Enforcement via AP The South Korean government said it is working to return its nationals who were detained in an
IFC extends ₹498 cr loan to Visakhapatnam Municipal Corporation for Sewerage System Project
[ad_1] The loan has been granted for 15 years at a floating interest of 8.15 per cent, which will be met from the own resources of GVMC. | Photo Credit: Andrii Yalanskyi International Finance Corporation (IFC), a member of the World Bank Group, has committed a loan of up to $60 million (₹498 crore) to the Greater Visakhapatnam Municipal Corporation (GVMC). According to a release,
Serena Williams Unrivaled investment brings league value to $340M
[ad_1] Serena Williams introduces Maria Sharapova during the 2025 Induction Celebration weekend at the International Tennis Hall of Fame in Newport, Rhode Island, on Aug. 23, 2025. Joe Buglewicz | Getty Images Sport | Getty Images Women’s 3-on-3 basketball league Unrivaled is now valued at $340 million after a new funding round that included tennis legend Serena Williams, the league
SpaceX deal: Elon Musk’s firm to buy EchoStar spectrum licenses for $17 bn; Starlink expansion to get major boost
[ad_1] Elon Musk’s SpaceX has struck a deal worth about $17 billion with EchoStar to acquire spectrum licenses that will strengthen its Starlink satellite network.The agreement covers EchoStar’s AWS-4 and H-block spectrum licenses, with up to $8.5 billion to be paid in cash and an equal amount in SpaceX stock. SpaceX will also make about $2 billion in cash interest
Amazon India Country Manager Samir Kumar says GST simplification will do good for sellers and buyers
[ad_1] GST simplification will do good for sellers and buyers, says Amazon Country Manager | Photo Credit: Haider Ali Khan GST simplification will do good for sellers and buyers, said Samir Kumar, Country Manager, Amazon India on Monday (September 8, 2025). He also said that Amazon Now, their quick-commerce arm, is live in Delhi and will be expanded to other
We are advancing our R&D efforts to develop next-generation agri-inputs: Coromandel International MD
[ad_1] As one of India’s leading agri-solutions providers, Coromandel is deeply invested in delivering value across the entire agri value chain from fertilisers and crop protection to bio-products, specialty nutrients, digital platforms and retail. “Our goal is to position Coromandel as trusted partner in transforming Indian agriculture and delivering lasting value to all stakeholders,” Sankarasubramanian S, Managing Director and CEO,
Weather Update: IMD predicts heavy rainfall in Gujarat for next 3 days, schools closed in Rajasthan, Vaishno Devi yatra remains suspended in Jammu
[ad_1] Heavy rains continue to disrupt normal life across large parts of India, with the India Meteorological Department issuing fresh alerts for Gujarat, Rajasthan, and several other states. While Punjab has begun reopening schools after days of heavy downpour, a cloudburst has triggered severe flooding in Uttarakhand’s Naugaon, and the Vaishno Devi yatra in Jammu & Kashmir remains suspended for
EU weighs new sanctions on Russia to hit banks and oil trade
[ad_1] Moscow is already under crippling sanctions from both the US and Europe, but has been able to skirt some of their impact by sourcing restricted items from China | Photo Credit: Madmaxer The European Union is exploring new sanctions on about half a dozen Russian banks and energy companies as part of its latest round of measures to pressure
Vehicle retail sales in August grow 2.84% at 19,64,547 units: FADA
[ad_1] Total vehicle retail sales in India grew by a modest 2.84% at 19,64,547 units in August as against 19,10,312 units in the same month last year, as customers postponed purchases expecting a price cut ahead of GST reforms, Federation of Automobile Dealers Associations (FADA) said on Monday (September 8, 2025). “Passenger Vehicle (PV) sales were marginally up at 3,23,256
Home-cooked thalis get 7-8% cheaper in August over benign commodity prices
[ad_1] The price of home-cooked vegetarian and non-vegetarian thalis declined 7 per cent and 8 per cent in August (year-on-year), respectively, amid benign commodity prices in India, a report showed on Monday. The decline in the cost of vegetarian thali was led by a sharp drop in prices of onion, potato and pulses, according to Crisil Intelligence. Prices of potato
China August rare earth exports fall 3.4% on month
[ad_1] China’s exports of rare earth magnets recovered to hit a six-month high in July | Photo Credit: GORODENKOFF China’s rare earth exports in August fell 3.4% from July, customs data showed on Monday. The world’s largest producer of rare earths last month exported 5,792 metric tons of a group of 17 minerals used in products vital for autos, consumer
Market watch: Asian stocks advance as yen weakens; oil prices edge higher after Opec+ move
[ad_1] File photo (Picture credit: AP) Asian markets opened the week on a firm note on Monday, with Tokyo leading gains after Japan’s Prime Minister Shigeru Ishiba announced his resignation, sending the yen lower and boosting exporters. At the same time, oil prices edged higher as Opec+ signalled a slower pace of output increases.Tokyo’s Nikkei index surged 1.9 percent, supported
Top stocks to buy: Stock recommendations for the week starting September 8, 2025 – check list
[ad_1] Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting September 8, 2025) are Swiggy, and Phoenix Mills. Let’s take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) Swiggy 439 560 28% Phoenix Mills 1518 2044 35% SwiggySwiggy is benefitting from easing competition
Proposed US outsourcing tax Bill likely to dent cost arbitrage of Indian IT services
[ad_1] The Bill – introduced by the Ohio Republican Senator Bernie Moreno — known as the “Halting International Relocation of Employment Act” or “HIRE Act”, aims to slap a tax on US companies who outsource jobs overseas | Photo Credit: Daniel Heuer A new Bill by a US Republican Senator, if passed by policymakers, is set to disrupt the growth
GST reforms will boost consumption, economy: Finance Minister Sitharaman
[ad_1] Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, on September 7, 2025. | Photo Credit: PTI Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of ₹48,000 crore following reduction in tax rates on a host of items, and hence
Vedanta eyes takeover of Jaiprakash Power Ventures
[ad_1] FILE PHOTO: A bird flies past the logo of Vedanta installed on the facade of its headquarters in Mumbai, India January 31, 2018. REUTERS/Danish Siddiqui/File Photo | Photo Credit: DANISH SIDDIQUI Mining mogul Anil Agarwal’s Vedanta Ltd is eyeing full control of Jaiprakash Power Ventures Ltd (JPVL), the profit-making power arm of debt-laden Jaiprakash Associates Ltd (JAL). The
Diwan Arun Nanda – ad world’s charismatic conscience keeper is no more
[ad_1] Diwan Arun Nanda (left) with cricketer Ravi Shastri | Photo Credit: The advertising world lost one of its most charismatic and influential figures on Saturday with the passing of Diwan Arun Nanda, the co-founder of Rediffusion. He was 82. Think of some of the most memorable lines in Indian advertising – be it ‘The Zing Thing’ for Gold Spot,