Business

This is an AI-generated image, used for representational purposes only. BENGALURU: India’s maturing capital markets are prompting digital-first companies to shift their headquarters back to the country. A white paper from Bay Capital Investment Advisors highlights this “reverse flipping” phenomenon, where startups previously registered in countries like the US, Singapore, or the Netherlands are returning to India, showcasing increased faith …

The company building the HS2 rail line between London and Birmingham has reported one of its subcontractors to the tax authorities over possible fraud. Whistleblowers made allegations over the way pay was handled for some construction staff on the high-speed line. HS2 Ltd said last month it was conducting its own investigation, looking into two firms who supplied it with …

On Global Wind Day 2025, Union minister for new and renewable energy Pralhad Joshi stressed on the importance of wind energy and said that it is crucial to India’s clean energy plans and crucial to its ambition of becoming a global manufacturing hub.Speaking at a stakeholder meeting in Bengaluru, he said India needs reliable energy, from wind, solar or other …

Despite a heatwave sweeping across northern and eastern India, room air-conditioner (RAC) industry is heading into the second half of 2025 with low expectations. Although June saw a spike in sales due to the heat, patchy weather and unexpected rains in many areas have led major AC makers to cut their growth forecast to just 10–15% for the year. Traditionally …

India’s household savings have slipped to a new low for the third consecutive year, falling to 18.1% of GDP in FY24, according to a report by CareEdge Ratings.On the other hand, household debt rose to 6.2% of GDP, almost twice as much as ten years ago, showing that more Indians are borrowing to meet their everyday needs, the report said.The …

Chancellor Rachel Reeves says the government will do “everything in [its] power” to protect people in the UK from the knock-on economic effects of the conflict between Iran and Israel. She would not “take anything off the table” in response to the threat of rising energy costs, she told the BBC’s Sunday with Laura Kuenssberg programme. The global oil price …

India’s car industry could be in trouble as China’s stricter control over rare earth magnet exports and shipment clearances delays may slow down electric vehicle production, Crisil Ratings said.The rating agency said that a disruption of even over a month can affect EV launches, production and push back the sector’s growth trajectory.Rare earth magnetsRare earth magnets are low cost but …

NEW DELHI: The affordable housing segment in India’s 15 major tier 2 cities witnessed a sharp 54 per cent decline during the January-March quarter (Q1) of 2025, according to the latest analysis by real estate data firm PropEquity, quoted by ANI. Overall new housing supply in these cities dropped by 35 per cent year-on-year to 30,155 units in Q1 2025, …

Taiwan has added Chinese tech giants Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC) to its export control list, as tensions over trade and technology continue to rise between China, the US, and the island. The move means Taiwanese firms must now seek special permits before exporting goods to either company. Taiwan’s commerce ministry confirmed the updated list on Sunday, …

NEW DELHI: The Unique Identification Authority of India (UIDAI) has announced a one-year extension of deadline for complimentary online Aadhaar updates.The initiative, deadline for which is now extended to June 14, 2026, enables citizens to upload documents without cost via the myAadhaar portal, benefiting numerous Aadhaar holders nationwide who wish to maintain current records.The UIDAI social media post on X …