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India Inc turns to WFH, EVs

BENGALURU/MUMBAI: Prime Minister Narendra Modi’s call for austerity measures to reduce fuel consumption and conserve foreign exchange is beginning to ripple through corporate India, prompting companies and industry bodies to revive work-from-home policies, curb travel and push greener logistics initiatives.The shift marks a significant change in corporate messaging after several large companies spent the past...
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Auto exporters dodge West Asia pothole

Chennai: India’s automobile exporters began the new fiscal year in buoyant form. Shipments of locally made cars, utility vehicles and two-wheelers rose at a double-digit pace in April, despite logistical snarls triggered by tensions in West Asia. For now, exporters point out that diversification across markets is cushioning the blow. Passenger vehicle (PV) exports were...
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Sugar exports banned till Sept 30 to check prices

NEW DELHI: Union govt has banned the export of sugar till Sept 30 this year with immediate effect, a move aimed at enhancing domestic availability and preventing any price rise. Earlier, the exports were under a restricted category, under which a licence was required for the outbound shipments. “The export policy of sugar (raw sugar,...
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IMF warns Iran war disruptions are pushing global economy towards ‘adverse’ scenario; growth risks rise

The International Monetary Fund (IMF) on Thursday warned that continued disruptions from the Iran war are pushing the global economy closer to an “adverse” scenario marked by slower growth, tighter financial conditions and rising inflation risks, AFP reported.Last month, the IMF’s World Economic Outlook projected global growth at 3.1 per cent for 2026 under its...
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Three pieces could sell for $100 million each

A large-scale Jackson Pollock drip painting titled, “Number 7A, 1948.” Crystal Lau | CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Nearly $2 billion worth of art will come up...
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Biogen Alzheimer’s drug moves to late stage trial

A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Biogen plans to advance an experimental drug for Alzheimer’s disease to late-stage testing despite disappointing mid-stage trial data, the company said Thursday. Biogen said its experimental drug that targets tau, a protein associated with the memory-robbing disease, failed to show better responses at higher doses....
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