NEW DELHI: Microsoft’s new India South Central cloud region in Hyderabad is among its largest infrastructure investments in Asia, the company’s India and South Asia president Puneet Chandok said, as it expands capacity for cloud and AI services.The facility is part of Microsoft’s $20.5 billion investment commitment across Asia. Chandok did not disclose how much…
NEW DELHI/MUMBAI: A year after GST rates were cut, automobile dispatches have continued to climb. Several two-wheeler users moved to four-wheelers as price cuts improved affordability, TV buyers have shifted towards larger sets and consumer goods volumes picked up in the Oct-Dec quarter, although they are now under pressure due to the West Asia crisis.Passenger…
Starbucks plans Chennai GCC with 800 new jobs CHENNAI: US-based coffee chain Starbucks will set up a global capability centre (GCC) in Chennai. It will likely create 800 high-value jobs in the first phase.The new centre will add to Chennai’s growing GCC ecosystem, with companies using the city to build technology, business and other global…
JP Morgan chairman & CEO Jamie Dimon MUMBAI: JP Morgan is the world’s most valuable bank, and its chairman and CEO Jamie Dimon is the longest serving chief of a large global bank. In an interview with TOI, Dimon speaks of what it takes to run America’s largest bank and his definition of success.You completed…
The choice before India is therefore not between Atmanirbharta and globalisation, but between passive and strategic integration By Anuj GuptaThe WTO‘s 2026 World Trade Report comes at an awkward time for India. The world is becoming more fragmented, governments are rediscovering industrial policy, supply chains are being rearranged and confidence in ever-deeper trade liberalisation has…
The facility allows customers to move from one issuer bank to another according to their requirements. (Image from representative purpose only) Motorists will no longer need to remove and replace the FASTag affixed to their vehicle when they want to change the bank that issued it. Union minister Nitin Gadkari recently launched ‘OneTag’, a portability…
India-New Zealand trade deal to come into force on Dussehra (representative image) The India-New Zealand Free Trade Agreement (FTA) will come into force on October 20, coinciding with Dussehra, commerce and industry minister Piyush Goyal said on Monday, with India securing duty-free access for 100 per cent of its exports to New Zealand.Goyal made the…
The cash deposits prompted the department to examine whether the senior citizen had any income that had not been disclosed. (Image for representative purpose only) A retired school teacher from Mysore, Karnataka, found himself facing income tax reassessment proceedings after cash deposits totalling Rs 1.33 crore in his bank accounts were flagged under the Central…
File photo: Members of United Forum of Bank Unions (UFBU) hold placards during the nationwide strike for various demands (ANI Photo) The finance ministry on Monday urged bank employees to refrain from resorting to strikes and resolve their remaining demands through dialogue, saying most concerns raised by unions had been substantially addressed.The appeal comes ahead…
The sharp increase in presidential trading has renewed concerns about possible conflicts of interest. (AP file photo) Did you know that US President Donald Trump has carried out more securities trades than all members of Congress combined since his return to the White House in January 2025? Interestingly, he supports legislation that would prohibit lawmakers…
