Vijay Mallya is the talk of the town, again. After his four-hour long podcast with influencer Raj Shamani, the government and banks have called out the ‘declared economic fugitive’ for his claims that he is being harassed by lenders even after he has repaid the outstanding debts. Meanwhile, the lenders have argued that the bankrupt … Read more
Banks led by public sector lenders have started revising their lending rates following the RBI’s 50 basis point repo rate cut. However, for a change, old borrowers may benefit more than new ones, as banks are likely to tweak the spreads on home loans, which were already competitive in the quest for market share.Bank of … Read more
Private equity firm Advent International has signed a definitive agreement to invest $175 million (about ₹1,500 crore) for a significant minority stake in Felix Pharmaceuticals Pvt. Ltd, an Ireland-headquartered company focused on developing and manufacturing generic medicines for companion animals such as dogs, cats, and horses. This marks another bet by Advent in the growing … Read more
Amid escalating tensions in the U.S.-China trade relationship, President Donald Trump and President Xi Jinping have engaged in discussions to address the impasse over tariffs that have significantly impacted global trade. The dialogue comes as both nations grapple with the fallout from stalled negotiations and mutual accusations of non-compliance with prior agreements. This is a … Read more
Billionaire Elon Musk took to X, formerly Twitter, to unleash a scathing criticism of President Donald Trump’s new spending and tax bill. “I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You … Read more
U.S. Commerce Secretary Howard Lutnick said a trade deal between India and the U.S. could happen in the “not too distant future” because “we found a place that really works for both countries.” “When they put the right person in India, put the right person on the other side of the table, and we’ve managed … Read more
Elon Musk-led Tesla is not interested in manufacturing electric cars in India, Heavy Industries Minister Kumara Swamy said on Monday. The minister added that Tesla is only keen to set up showrooms in India.Interestingly, US President Donald Trump has time and again said that it would be ‘very unfair’ if Tesla were to set up … Read more
China accused the US of violating their recent trade deal and vowed to take measures to defend its interests, dimming the prospect of an immediate leadership call that Donald Trump wants to have to further bilateral talks. The Chinese Ministry of Commerce issued a statement on Monday rebuking the US president’s claim that Beijing breached … Read more
Billionaire and world’s richest person, Elon Musk, on May 28 announced he is exiting the Donald Trump-led administration, and leaving as head of the US Department of Government Efficiency, more commonly known as DOGE. “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President@realDonaldTrump for the … Read more