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DECLINE IN PRODUCTION
From raincoats to briefs to diapers: Textile PLI shows green shoots as imports drop, niche exports tripleIndia's textile sector is showing promising growth. The Production-Linked Incentive scheme is boosting local manufacturing. Imports of spec...- Xiaomi plans entry into large home appliances in India as smartphone shipments declineChinese smartphone maker Xiaomi is set to enter India's large home appliances market. This move comes as smartphone shipments decline. The ...
- Harley-Davidson, Hero MotoCorp to expand partnership for global entry-level bikesThe Harley-Hero partnership, which has on sale the HD X440 and Hero Mavrick in the local market, has planned a slew of launches this fiscal...
- Infosys ADRs crash over 8%, Wipro falls 6% after Accenture cuts annual revenue forecastInfosys and Wipro ADRs plunged following Accenture’s reduced FY26 revenue forecast. This downgrade highlights enterprise caution regarding ...
- India's thermal coal imports sink to a 4-year low as green energy reshapes demandIndia's thermal coal imports have reached a four-year low. This decline is attributed to higher domestic coal output and a significant rise...
- Meta head of product for 'AI for work' transformation is leaving companyA key Meta executive overseeing AI tool improvements is departing. Emily Dalton Smith was leading efforts to centralise internal AI tools i...
- Meta head of product for 'AI for work' transformation is leaving companyMeta is hitting a new chapter as Emily Dalton Smith, a key executive with a longstanding history at the company since 2015, exits. Her lead...
- US buyers keen to stitch deals with Indian apparel exportersIndian apparel exporters face pressure as US buyers demand discounts of up to 10%. This comes as India's readymade garment exports have dec...
- How Brexit is estimated to have hit the UK economyBritain's economy shows weak growth since leaving the European Union. Various researchers estimate significant losses in GDP, productivity,...
- US Stock Market: ETF issuers rush to capitalise on AI-focused ‘MANGOS’ theme after SpaceX IPOTwo asset managers are seeking regulatory approval for new ETFs tied to the "MANGOS" acronym, a basket of leading AI-focused companies incl...
- Gems, jewellery exports dip 2.49% to USD 2,047.80 million in May: Trade bodyIndia's gems and jewellery exports saw a dip in May. High gold prices and supply issues impacted overall shipments. Gold jewellery exports ...
- Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: AnalystsEnergy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening o...
- Inpex shuts one LNG train at Australian Ichthys plant due to strikeJapan's Inpex has halted one of two liquefied natural gas production trains at its Ichthys plant in Australia. This closure follows a strik...
- Moscow oil refinery damaged in Ukrainian drone attack: Moscow Mayor Sergei SobyaninA Ukrainian drone struck a Gazpromneft oil refinery near Moscow. The facility sustained damage. No casualties were reported. Emergency serv...
- Crop prices drop as Hormuz reopening to ease farm-input shockThe development, stemming from an interim US-Iran agreement, could alleviate food inflation fears fueled by the Middle East conflict.
- US Stock Market: Energy stocks slide as oil prices tumble on US-Iran peace breakthroughUS energy stocks tumbled Monday as crude oil prices plunged following a breakthrough US-Iran agreement to end hostilities and stabilize glo...
- US manufacturing output unchanged in May after large gain in AprilUS factory production remained flat in May. This unexpected result followed a strong April. Output of long-lasting goods like vehicles rose...
- In the 1950s, Swiss farmers intensified and mechanized their fields; nine decades of records now reveal an unexpected divide: butterflies are still struggling, while forest beetles have fully bounced backButterflies and beetles are disappearing at an alarming rate. A Swiss study reveals significant butterfly losses since 1930, linked to farm...
- US Stocks: SpaceX leveraged fund providers hit by day-one launch setback, sources sayIn light of recent developments, asset managers are now facing a delay on the introduction of leveraged SpaceX exchange-traded funds. The S...
- OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...
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