BUSINESS
Bajaj Finserv in talks with Allianz on likely JV exits
The Pune-based lender had informed the exchanges in October that Allianz was “actively considering” exiting the JVs, in which the German firm holds 26% each
BUSINESS
Grab, GoTo accelerate merger talks and aim for deal in 2025
Discussions have intensified in recent weeks and the companies see 2025 as an opportune year for a deal, according to people familiar with the situation.
BUSINESS
Trump’s tariff reversal feeds reputation as paper tiger on trade
Trump on Monday shelved plans for wide-ranging tariffs on Canada and Mexico, after doing the same for Colombia the prior week
INDIA
PM Modi’s Trump strategy sees quick concessions to avoid trade war
In declaring India 'not a tariff king,' Finance Secretary Tuhin Kanta Pandey echoed a nickname that Trump bestowed on the country during his first term.
WORLD
Tariff war: Bond traders add wagers on emergency rate cut by Bank of Canada
Economists predict a tariff war would put the Canadian economy into a recession.
BUSINESS
India seeks to shake off ‘Tariff King’ label in reply to Trump
Finance Secretary Tuhin Kanta Pandey said in an interview Sunday India wants to shed its image of being a protectionist country.
BUSINESS
European stock futures slide as Trump eyes next round of tariffs
The pan-European Stoxx 600 index had a strong January, rallying to a record high amid solid earnings and hopes that the region would be spared from immediate US levies.
BUSINESS
China factory activity growth slows again as Trump tariffs loom
The Caixin manufacturing purchasing managers index fell to 50.1, the lowest in four months, from 50.5 in December, according to a report released by Caixin and S&P Global on Monday.
BUSINESS
Investors buy dollars, brace for stock slide as trade war begins
Behind the bullish dollar position is the bet that tariffs will fuel inflationary pressures and keep US interest rates elevated, while also hurting foreign economies more than the US and adding to the greenback’s safe-haven lure
BUDGET
'We are signaling that India is not a tariff king': Tuhin Kanta Pandey
The government reduced duties on solar modules and high-end motorcycles, the latter a long pending issue since Trump’s first term in office
WORLD
Trump hits China, Canada, Mexico with tariffs in trade war
The orders also include retaliation clauses that would increase US tariffs if the countries respond in kind, as Canada has pledged to do. The new measures will be on top of existing trade levies on those countries.
TECHNOLOGY
DeepSeek app holds top global spot in downloads, led by India
The reasoning artificial intelligence chatbot rose to the No. 1 spot on Apple Inc.’s App Store on Jan. 26 and has held that position globally since
TECHNOLOGY
WhatsApp says Paragon spyware used to try hacking journalists
WhatsApp detected efforts to hack the phones of approximately 90 people, including journalists and members of civil society
WORLD
US stocks are back to where they were before DeepSeek
The S&P 500 wiped out its weekly losses and the Nasdaq 100 rose almost 1.5% as Apple Inc. gave a reassuring forecast
BUDGET
India must protect its coasts as climate finance dwindles: Eco Survey 2025
The country's densely populated coasts and dotted with islands, make adaptation urgent in the face of threats like high tide flooding, storms and a rise in sea levels
BUSINESS
Who should have the final say over central banks?
In the US, President Donald Trump has consistently criticized the Fed
BUSINESS
Ambani family buys 49% stake in London cricket team Oval Invincibles
The Ambani family, which also own the Mumbai Indians franchise in IPL, will take a 49% holding in Oval Invincibles, according to a person familiar with the matter.
WORLD
Trump raised millions from crypto firms for his inauguration
Coinbase Inc., Crypto.com, Galaxy Digital, Paradigm Operations and Payward Inc., better known as Kraken, each gave $1 million. Robinhood Markets, Inc., which offers a trading platform for digital currencies, contributed $2 million, according to the reports.
BUSINESS
Asian equities fall as Samsung, SK Hynix weigh
A gauge of Asian shares snapped a two-day gain, with Korean chipmakers SK Hynix Inc. and Samsung Electronics Co. weighing as the nation’s markets reopened after the Lunar New Year holidays.
WORLD
OpenAI’s Altman urges US to support AI investment after DeepSeek concerns
Altman said the rise of DeepSeek shows “it’s a really good thing” to push ahead with the $100 billion joint infrastructure venture
WORLD
Wall Street rises on signs US economy is doing just fine
Big tech led gains on Thursday, with Tesla Inc. and Meta Platforms Inc. climbing on upbeat outlooks
WORLD
US economy ends 2024 with 2.3% GDP growth on consumer resilience
Consumer spending, which comprises the largest share of economic activity, advanced at a 4.2% pace — the first time since late 2021 that outlays have exceeded 3% in consecutive quarters
TECHNOLOGY
Apple’s flagging AI hopes get revival from DeepSeek’s emergence
A proliferation of AI apps and services could be what makes consumers finally trade up for phones with AI capabilities
WORLD
Climate tech funding fell 40% in 2024 as investors rushed to AI
There were 1,200 deals for a total of nearly $51 billion last year, compared to almost $84 billion in 2023, according to new BloombergNEF research
