Business

Shapoorji Pallonji Group's head Pallonji Mistry passes away; PM Modi pays tribute

Industry: His SP Group is the largest shareholder in the Tata Group with a 18.37% holding

JetBlue will not back down, continues its fight for Spirit Airlines

JetBlue escalated its battle with Frontier on Monday for the right to secure a merger deal with Spirit Airlines as the bidding war for the low-cost airline nears its end.

Judge orders new trial in Tesla worker’s race bias lawsuit

Business: U.S. District Judge William Orrick in San Francisco granted Tesla’s motion for a new trial a week after the former elevator operator, Owen Diaz, said he would not accept the judge’s award

Indian professionals believe sharing emotions at work boosts productivity, morale: LinkedIn

Business: ‘The past two years have been tumultuous, to say the least, but have also made people realise that they can be more vulnerable and candid with each other at work’

We're still waiting for this wage price spiral central bankers fear could send inflation soaring

News/Business: Like a nuclear chain reaction, economic theory warns us that rising wages can reinforce rising prices, pushing wages even higher, all in an endless cycle. Is it just around the corner? Or are things different this time?

Tuesday's trading: 5 things to know

The key events taking place on Tuesday that could impact trading include both home sales data for April and the Consumer Confidence Index for June.

Four large US banks increase dividends following annual stress tests

Wells Fargo, Bank of America, Goldman Sachs and Morgan Stanley increased their dividends on Monday after they cleared the Fed's annual stress test exercise last week.

Maruti to gain market share on new launches and SUVs: Bhargava

Maruti Chairman RC Bhargava has said that the country’s largest carmaker will launch new models and SUVs to perk up its market share and ride on the demand for passenger vehicles.

Pallonji Mistry, billionaire caught in Tata feud, dies at 93

Pallonji Mistry, the Indian-born billionaire whose engineering empire built luxury hotels, stadiums, palaces and factories across Asia and whose family’s epic showdown with the Tata Group sparked India’s biggest corporate feud, has passed away in Mumbai. He was 93.

CVS, Walmart, Rite Aid limiting purchases of Plan B pills following SCOTUS ruling

Some large retailers will be limiting purchases of emergency contraceptive pills amid increased demand because of the Supreme Court's overturning of Roe v. Wade last week.

Taiwan’s GlobalWafers to invest $5 billion in new silicon wafer plant in Texas

Technology: The company said the new plant, manufacturing 300-millimetre silicon wafers, would start being built later this year and generate as many as 1,500 jobs in Texas

'E-com platforms not publishing negative ratings/reviews'

Business leader optimism hits record low amid soaring inflation, labor shortages

Business leaders surveyed by JPMorgan Chase have never been more worried as optimism hits a record low mainly tied to high inflation and labor shortages.

Indiabulls Real Estate guilty of profiteering ₹6.46 crore, to refund homebuyers: NAA

Business: The profiteered amount has to be passed on to homebuyers within 3 months

Indians lead tourist rush to Thailand as arrivals top 2 million

Shapoorji Pallonji Group's head Pallonji Mistry passes away

Business: The 93-year-old is the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate.

Sensex falls over 317 points in early trade

Markets: Markets trade weak after 3-day gain.

Explainer: How a G-7 ban on Russian gold would work

Rupee hits record low of 78.59 against US dollar in early trade

The rupee depreciated 22 paise to a record low of 78.59 against the US dollar in opening trade on Tuesday as persistent foreign funds outflows weighed on investor sentiments.

Rupee hits record low of 78.59 against U.S. dollar in early trade

Markets: Global oil benchmark Brent crude futures rose 1.20% to $116.47 per barrel