Business

The fully air-conditioned train set has brought several technological advances to passenger services. Vande Bharat Express trains had till the start of this year been manufactured only at the Integral Coach Factory (ICF) in Chennai. However, in 2026 the other two Indian Railways’ coach factories – Rail Coach factory (RCF) Kapurthala and Modern Coach Factory…

File photo: Union commerce minister Piyush Goyal Union commerce and industry minister Piyush Goyal on Wednesday said India was working to rebuild its relations with China, while stressing that the future of the engagement remained open.He also said India was willing to enter into joint ventures with any country, provided it received a fair deal…

File photo: US Treasury Department announced a $1.2 billion fine against Bank of America for violating anti-money laundering laws Bank of America has been fined $1.21 billion by US regulators for failing to detect and report billions of dollars in suspicious transactions, including activity linked to potential money laundering and sanctions violations.The US treasury department…

Taiwan advances Alaska LNG deal. Taiwan said on Wednesday it was making progress in negotiations to buy liquefied natural gas (LNG) from Alaska and planned to invest up to $4.4 billion in the project. The announcement came after US President Donald Trump said Taiwan had agreed to buy 30% of the proposed project’s output.Taiwan’s economy…

A soft CPI or a dovish tone from Warsh could take gold towards $4,220-4,310. Gold price prediction today: Gold prices are likely to trade cautiously with no clear catalyst for a big rise, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. Below is her outlook:Gold has had a…

The bench examined the additional evidence submitted by the man, including banking records and documents. (Image for representative purpose only) A man bought a residential property along with his wife and father. However, he did not file his income tax return for the year.The tax department opened his case for reassessment and adding Rs 55.2…

Indian shares are set for a muted opening on Wednesday after rallying in the previous session, as rising oil prices and sustained foreign fund outflows weighed on investor sentiment amid the ongoing corporate earnings season. GIFT Nifty futures stood at 22,764 at 7:50 am IST, signalling a muted start for the Nifty 50, which closed…

S&P global chief economist Paul Grunwald was in India and spoke to TOI about the inflation challenge, the China shadow on manufacturing and large tech companies impacting bond yields. Excerpts:What is driving global growth amid the headwinds?It’s mostly the AI revolution. People are doing historical analysis of big Investment waves, canals, railroads, and this is…

Oil prices rise to to $106.58 a barrel (AI-generated image) Oil prices rose on Wednesday as traders weighed the risk of supply disruptions from escalating attacks by Yemen’s Iran-aligned Houthi rebels on Saudi Arabia against expectations of increased Russian diesel exports easing market tightness.Brent crude futures rose 89 cents, or 0.8%, to $106.58 a barrel…

BENGALURU: India’s smaller cities are emerging as bigger users of digital credit than metros, even as consumers remain far more comfortable using payment apps to make payments than to borrow money, a new study has found.About 60% of respondents in Tier-2 cities have used Buy Now, Pay Later (BNPL) services, compared with 45% in metros…