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Tesla lands on the chopping block as India mulls hefty tax on luxury EVs
A tax panel in India has called for a sharp increase in consumer levies on high end electric vehicles that may have a bearing on sales for automakers like Tesla, BMW, Mercedes-Benz, and BYD, according...
Oil sees over 2% gains despite strain in US, India, Russia economic ties
Oil prices surged sharply on Tuesday as fresh missile exchanges in Ukraine disrupted Russian output and triggered new trade penalties from Washington. According to data from CNBC, Brent crude for Nove...
September opens in the red for US stocks as tariff uncertainty clouds Asia forecasts
US stocks entered September on the back foot as futures dropped early Tuesday, with traders reacting to trade war fallout, rising bond yields, and fresh signals from Asia. All three major US indexes w...
Tesla's Model Y reports underwhelming sales in India as tariffs bite
Tesla entered the Indian market in July and has received fewer orders than expected, reportedly just over 600. Based on quarterly results, the number of sales in India equals the number of vehicles de...
Trump critical of US-India trade balance after Modi knocks back tariff deal claims
Donald Trump called out India’s trade practices just hours after Prime Minister Narendra Modi returned from China. Trump said the United States was stuck in what he described as “a totally one-sided d...
OpenAI mulls $500B Stargate expansion in India-based gigawatt-scale data center
OpenAI is reportedly exploring plans to build a large data center in India with a capacity of at least one gigawatt. The project will be part of the $500 billion Trump-backed Stargate AI initiative. T...
Putin and Modi continue to defy Trump's economic stick at SCO Summit
Narendra Modi hugged Vladimir Putin in Tianjin on Monday right there at the regional SCO Summit in front of cameras. Then they got into the same car and headed to a private meeting. All this while Was...
Chinese factories see strongest growth since March, PMI beats expectations
Chinese factories were a little louder in August, with activity expanding at the fastest pace in five months. A closely watched private survey, the RatingDog China General Manufacturing Purchasing Man...
Xi promotes AI collaboration at SCO, slams “Cold War” mindset
Speaking Monday, Chinese President Xi Jinping encouraged the Shanghai Cooperation Organization (SCO) to advance partnerships in artificial intelligence and pushed back against what he termed a “Cold W...
India suffers worst bond selloff since 2022 as yields surge in August
India is scrambling to contain its bond market after yields spiked in the biggest selloff since 2022. The Reserve Bank of India (RBI) is now weighing moves to calm markets after a brutal August saw th...
Global stocks slump as dollar hits five-week low and gold climbs
Global stocks slumped Monday as Asia and Europe saw scattered losses, the dollar dropped to a five-week low, the euro retreated, and gold climbed to levels not seen since April. In Asia, traders react...
Indian court sentences 14 policemen to life for crypto extortion
An Indian court has sentenced more than 14 people to life imprisonment for the kidnapping and crypto extortion of a businessman in 2018. According to reports, the individuals involved kidnapped the bu...