In a light-filled workshop in eastern China, a robotic arm moved a partially assembled autonomous vehicle as workers calibrated its cameras, typical of the incremental automation being adopted even across smaller factories in the world’s manufacturing powerhouse.China is already the world’s largest market for industrial robots, and the government is pouring billions of dollars into…
The richest man in the world could more than double his $460.6 billion fortune if SpaceX succeeds in going public next year at a valuation of $1.5 trillion.SpaceX is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800 billion, setting up what could be the largest…
In a major push for India’s makhana sector, Union government approved a multi-year development programme with an outlay of Rs 476.03 crore for the six-year period from 2025-26 to 2030-31. The scheme, rolled out on Friday, aims to mordernise and expand the ecosystem. Ministry of agriculture and farmers welfare, said in an official release, that…
MUMBAI: State Bank of India has cut rates on select deposits and reduced lending benchmarks. The move follows the 25 bps reduction in policy rate. The revised rates come into effect from Dec 15. The bank has cut the rate on its 444-day deposit from 6.6% to 6.5%.SBI has cut rates on select deposits and…
NEW DELHI: After a massive nationwide operation, Central Board of Direct Taxes acted against several intermediaries involved in filing income tax returns with bogus claims of deductions and exemptions under the Income Tax Act.The move followed actions in July 2025, covering 150 premises, during which more than 102 suspicious RUPPs were identified for their role…
As India reels amid steep tariff hike by Mexico, ranging up to 50 per cent, an official said New Delhi is actively engaging with Mexican authorities over what it views as a “unilateral” move to raise duties on a wide range of products.The discussions, the official said, are aimed at finding solutions beneficial to both…
India is experiencing a rare economic phase with near-zero inflation and robust growth exceeding 8%. While this ‘Goldilocks’ moment benefits borrowers and large corporations, farmers face significant losses due to falling food prices. Savers might see reduced returns as interest rates decline, highlighting a complex economic landscape where benefits are unevenly distributed. India is in…
Image used for representative purposes NEW DELHI: The Income Tax Department has issued a public advisory cautioning taxpayers, especially senior citizens, against fraudulent emails, SMS messages, and websites impersonating the Department to steal personal and financial information.In an official awareness message shared by the Income Tax Department, Government of India, on X, taxpayers have been…
Railways is implementing focused cost-cutting initiatives across maintenance, procurement and energy sectors to fortify its financial position before dealing with increased wage expenses anticipated from the Eighth Pay Commission recommendations.Established in January 2024, the Eighth Pay Commission must submit its recommendations within an 18-month timeframe.The previous Seventh Pay Commission led to wage increases of 14-26%…
As the year draws to a close, signs are emerging that the dominance of Big Tech in driving the US equity bull market may be starting to fade, with major Wall Street firms urging investors to broaden their exposure beyond the so-called Magnificent Seven. As per Bloomberg reports, strategists at Bank of America Corp. and…
