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[ad_1] The Organisation for Economic Co-operation and Development (OECD) lowered its global economic growth forecast on Tuesday, citing the impact of a widening trade war driven by US President Donald Trump's tariff policies. The Paris-based organization warned that these measures, particularly new tariffs, are set to significantly slow the world economy, with the United States expected to be among the hardest hit.After a global growth rate of 3.3 percent in 2024, the OECD now predicts the world economy will grow by just 2.9 percent in both 2025 and 2026. This is down from its earlier forecasts in March, which projected 3.1 percent growth in 2025 and 3.0 percent in 2026, AFP reported.Since that previous forecast, President Trump has launched a series of tariffs that have unsettled global financial markets."The global outlook is becoming increasingly challenging," the OECD stated, highlighting that […]

[ad_1] NEW DELHI: An Indian-origin UC Berkeley graduate has sparked a debate about the startup funding ecosystem after claiming he received responses from 27 venture capitalists—four of whom asked for a meeting—by posing as a fake founder with no real product or pitch, but with the right mix of elite buzzwords.Bhavye Khetan, who earned a bachelor’s degree in Operations Research and Computer Science from the University of California, Berkeley , said he cold-emailed 34 VCs while pretending to be a founder. In a widely shared post on X, he wrote, “I made a fake founder persona. No product. No pitch. No deck. Just: Stanford CS, Ex-Palantir, and used the word ‘AI’ 3 times. Sent cold emails to 34 VCs. 27 replied. 4 asked for a call. This game is rigged in ways most people don’t understand.”The post went viral, amassing […]

[ad_1] Yes Bank's stock is expected to attract attention today as its board convenes to discuss potential fundraising initiatives. (AI image) Yes Bank share price today: Yes Bank shares plummeted 7.4% to Rs 21.55 during early trading hours on Tuesday following reports of 3% equity changing ownership through multiple block deals in the day's session.Reports from CNBC TV-18 indicate that a PE Investor is the probable seller in these transactions. The specifics regarding the buyer and other transaction details remain undisclosed at present.The private lender's stock is expected to attract attention today as its board convenes to discuss potential fundraising initiatives.On Monday, the stock witnessed an upward movement of over 8%, emerging as the third-strongest performer in the Nifty 500 index, according to an ET report. This surge followed news reports about Sumitomo Mitsui Banking Corporation (SMBC) seeking regulatory clearance […]

[ad_1] The Walt Disney Company is cutting several hundred jobs across its film and television divisions, a Disney spokesperson confirmed to USA TODAY. The layoffs, which formally took effect on Monday, June 2, impact departments involved in marketing, publicity, casting, development, and parts of corporate finance. No entire teams are being dissolved, the company said.A Disney representative attributed the decision to the “rapid pace” of industry transformation and the company’s push to “operate more efficiently.”This move is the latest in a series of cost-cutting measures implemented since CEO Bob Iger returned to helm the company in 2022. In early 2023, Iger announced that Disney would lay off 7,000 employees to reduce spending by billions of dollars. That plan has since unfolded through multiple rounds of layoffs.In September 2024, Disney cut around 300 positions in corporate functions such as legal, HR, […]

[ad_1] Market experts anticipate continued consolidation amidst unfavourable global indicators. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, were volatile in opening trade on Tuesday. While Nifty50 went below 24,650, BSE Sensex was near 81,000. At 9:35 AM, Nifty50 was trading at 24,644.90, down 72 points or 0.29%. BSE Sensex was at 81,045.85, down 328 points or 0.40%.Market experts anticipate continued consolidation amidst unfavourable global indicators, though robust domestic economic factors and possible RBI interest rate reductions might provide support.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “During a consolidation phase, where the market moves within a range, buy on dips is the ideal strategy. And this strategy is working well now. With a lot of uncertainty in geopolitics, tariffs and trade the market will continue to remain volatile. Therefore, investors may persist […]

[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Hudco and Indian Hotels are the top stocks to buy today:Hudco – Buy in the range between Rs 246 & Rs 250; Stop Loss: Rs 235; Target: Rs 280Hudco has broken out of a small consolidation and expected to resume the uptrend. Momentum indicators have also given a positive crossover above the zero line. The stock has been consolidating in a broad range since last week and has closed above 200 daily moving average i.e. 217, resuming the up trend today. The stock is expected to continue the up trend till the 61% retracement of the previous fall i.e. 280. Key resistance is 256 & 280 and support is at 235 and 224. Indian Hotels […]

[ad_1] PARIS: TotalEnergies has said that it intends to back Adani Green's expansion while lining up further investments in India."On the renewable side, we continue to support the expansion of Adani Green, which already has 14 gigawatts of capacity. So, we will continue to support this growth," Total Energies chairman and CEO Patrick Pouyanne said after meeting commerce and industry minister Piyush Goyal.After Adani got embroiled in legal actions in the US on corruption related allegations, TotalEnergies had said that it will not make any new "financial contribution as part of its investments in the Adani Group of companies".Pouyanne said the company, which has invested $5 billion in India, intends to develop its energy business and sell more, especially from the US. "We are the largest US exporter of total energy. So, we can bring more. We also have a […]

[ad_1] H D Kumaraswamy (File photo) NEW DELHI: Europe's Mercedes Benz, Skoda-Volkswagen (VW) and South Korea's Hyundai and Kia have shown interest to manufacture electric vehicles (EVs) in India, heavy industries minister H D Kumaraswamy said Monday. He added that India is likely to see only a "minor impact" from US plan to hike tariffs on steel and aluminium products, as India does not export steel "in a big way" to that country.The minister said these global car manufacturing majors have expressed interest during discussions between govt and industry regarding the 'Scheme to Promote Manufacturing of Electric Passenger Cars in India'. The window to apply under the scheme will open in a couple of weeks. Officials said successful applicants may roll out electric cars from their factories in India within two-to-three years.As per the guidelines, to encourage global manufacturers to […]

[ad_1] NEW DELHI: The Adani group has denied the Wall Street Journal report, alleging links between its entities and Iranian LPG as "baseless and mischievous"."Further, we are not aware of any investigation by US authorities on this subject. The WSJ's story appears to be based entirely on incorrect assumptions and speculation. Any suggestion that Adani group entities are knowingly in contravention of US sanctions on Iran is strongly denied. Any assertion to the contrary would not only be slanderous but also deemed to be an intentional act to injure the reputation and interests of the Adani group," it said in a stock exchange filing.The statement said the Adani group does not handle any cargo from Iran at any of its ports, including shipments originating from Iran or any vessels operating under the Iranian flag. "Additionally, the Adani group does not […]

[ad_1] NEW DELHI: IndiGo doubled its wide body aircraft order by confirming the option for 30 wide body Airbus A350s. Now the airline has 60 A350s on firm order and has an option for 40 more. "We have signed the MoU with Airbus for confirming the option for 30 A350s. Their delivery starts in 2027," airline CEO Pieter Elbers said at the IATA AGM on Sunday."Delivery of initial 30 A350s ordered last year will begin in 2027 and continue till early part of next decade. Delivery of this next batch (of 350) will start after that and continue into the second half of the next decade," Elbers said. [ad_2] Source link