Nike to Cut 1,400 Jobs as Part of Its Turnaround Plan
GLOBAL NEWS | Fri, 24 Apr 2026, 3:22AM IST
Most of the layoffs will affect tech workers as the athletic giant tries to reverse a yearslong sales slump. Its the second round of cuts this year.
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1h
Microsoft Targets About 7% of Its U.S. Workers With Buyout Offer
GLOBAL NEWS | Fri, 24 Apr 2026, 1:49AM IST
The tech giant is offering long-serving employees early retirements as it continues to invest aggressively in artificial intelligence.
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2h
Oil Prices Rise and Stocks Slide Amid Uncertainty Over Next Steps in War
GLOBAL NEWS | Fri, 24 Apr 2026, 1:40AM IST
Investors wrestled with uncertainty about the cease-fire between the United States and Iran.
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2h
ET Graphic: How big a flat can $1 million buy in India ?
INDIA BUSINESS | Fri, 24 Apr 2026, 1:35AM IST
Prime residential property prices in India continued their upward climb, shrinking the space that $1 million can purchase in key cities like Mumbai, Delhi and Bengaluru, even as all three improved their positions in global rankings.
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2h
US stocks today: US stocks close lower on fading hopes for quick Iran deal, mixed quarterly earnings
INDIA MARKET | Fri, 24 Apr 2026, 1:32AM IST
U.S. stocks declined amid escalating Iran war concerns and mixed earnings. Hopes for a swift resolution dimmed as Iran tightened control over the Strait of Hormuz and reported air defense activations. Investors also reacted to AI disruption fears in the software sector, with IBM and ServiceNow shares falling, while Texas Instruments surged on positive forecasts.
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2h
US stocks close lower on fading hopes for quick Iran deal, mixed quarterly earnings
INDIA NEWS | Fri, 24 Apr 2026, 1:32AM IST
U.S. stocks fell in choppy trading on Thursday as hopes dimmed for a quick end to the Iran war, while investors grappled with a mixed bag of earnings reports as concerns resurfaced about AI-driven disruption across the software sector. Equities had been holding near unchanged after Iran tightened control over the Strait of Hormuz. Tehran released footage of its commandos storming a huge cargo ship they claimed to have seized, while demanding the U.S. lift its naval blockade on Iranian ports. Stocks weakened after reports that Iran's Parliament Speaker Mohammad Bagher Ghalibaf had resigned from the negotiating team. Losses were extended as oil prices shot higher after reports of air attacks in Iran. Iran's Fars news agency said the air defenses were activated due to small drones at several locations across the country. "We're playing musical chairs between earnings season and these war headlines that are not likely to be that great," said Jay Hatfield, CEO and CIO of Infrastructure Capital Advisors in New York. "We had a big run, and there are people looking to take some exposure off, and using the war as an excuse is not a bad excuse." Markets had rallied in recent weeks on hopes a resolution to the Iran war was on the horizon, along with expectations of solid corporate earnings. But gains have been harder to come by this week. On Monday, the Nasdaq snapped a 13-session streak of gains as optimism faded for a resolution to the war. Oil prices holding near $100 a barrel also kept fears of rising inflation in focus. According to preliminary data, the S&P 500 lost 29.86 points, or 0.42%, to end at 7,108.04 points, while the Nasdaq Composite lost 218.14 points, or 0.88%, to 24,439.42. The Dow Jones Industrial Average fell 182.45 points, or 0.36%, to 49,313.27. Data on Thursday showed weekly initial jobless claims increased only marginally last week, but risks from higher prices due to the war could hamper the economy. S&P Global's flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased this month after almost stagnating in March, but the improvement was largely due to what it said was "stock building in the face of concerns over supply availability and price hikes." PACKED EARNINGS CALENDAR IN FOCUS The earnings season has been largely strong so far, with 82.1% of the 123 companies that have reported earnings through Thursday morning topping analyst expectations, according to Tajinder Dhillon, head of earnings research at LSEG. The earnings growth rate of 15.6% is up from the 14.4% at the start of the month. The S&P 500 tech index was the worst performing of the 11 major S&P sectors, weighed down in part by a drop in IBM after revenue growth slowed in the first quarter on weakness in its software business. Also weighing on the sector was a plunge in ServiceNow after it reported quarterly results and said revenue growth was dented by delays in closing government deals in the Middle East. The results reawakened concerns that the software sector's traditional business models could be upended by new AI tools, and the S&P 500 software and services index dropped about 5% on the session. Tesla shares fell after the company raised its spending plan to more than $25 billion for the year. Car-rental company Avis Budget's shares plummeted about 50% and recorded their steepest two-day drop ever, after a meteoric rally that was reminiscent of the "meme-stock" craze. On the flip side, Texas Instruments surged after forecasting second-quarter revenue and profit above Wall Street expectations.
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2h
Two Litigation Partners Depart Paul Weiss
GLOBAL NEWS | Fri, 24 Apr 2026, 1:25AM IST
Kannon Shanmugam and Masha Hansford are the latest in a string of litigators who have left the influential New York law firm.
Continue reading at The New York Times
3h
Jubilant in talks to sell India rights of Dunkin' to its US owner inspire
INDIA BUSINESS | Fri, 24 Apr 2026, 12:52AM IST
Jubilant FoodWorks is negotiating to sell its India franchise rights for Dunkin' to Inspire Brands. This comes as the current franchise agreement concludes in December. Inspire Brands, which owns Dunkin' globally, plans to find a new local partner for the brand in India. Dunkin' aims to continue its presence and growth in the Indian market.
Continue reading at Economic Times
3h
New Gene Therapy Enables Children With a Rare Form of Deafness to Hear
GLOBAL NEWS | Fri, 24 Apr 2026, 12:45AM IST
The treatment, the first of its kind, was approved by the Food and Drug Administration on Thursday. Our baby was born deaf, and now he can hear, said one parent.
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3h
HDFC Bank alerts clients on card swipe for overseas deals
INDIA BUSINESS | Fri, 24 Apr 2026, 12:40AM IST
In recent times many resident individuals, banking with various financial institutions, have used cards to carry out such international capital account transactions-oblivious that they were violating foreign exchange and banking rules. Some probably did it consciously to dodge the tax collected at source (TCS) or sidestep restrictions on overseas forex remittance.
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3h
Railways to seek bundled approvals for bullet trains
INDIA BUSINESS | Fri, 24 Apr 2026, 12:36AM IST
Indian Railways will fast-track new bullet train projects. Bundled clearances will speed up land acquisition and project execution. Standardised designs will boost manufacturing. Pre-cast construction will improve deployment pace. Seven new corridors are planned, including Mumbai-Pune and Delhi-Varanasi. This approach aims to avoid delays seen in the Mumbai-Ahmedabad corridor.
Continue reading at Economic Times
3h
US sets preliminary antidumping duties on solar imports from India, Indonesia and Laos
INDIA BUSINESS | Fri, 24 Apr 2026, 12:28AM IST
The U.S. Commerce Department has imposed preliminary antidumping duties on solar cells and panels from India, Indonesia, and Laos. These tariffs, ranging from 22.46% to 123.04%, are the latest in a series of measures targeting cheap solar imports from Asia over the past decade.
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4h
Sun Pharma wins trademark case against Navi Mumbai company
INDIA BUSINESS | Fri, 24 Apr 2026, 12:19AM IST
The Bombay High Court has ruled against a Navi Mumbai drugmaker. The court prohibited the use of brand names 'Absun' and 'Absun Pharma'. This decision favors Sun Pharmaceutical Industries in a decade-long trademark dispute. The court found the names deceptively similar to Sun Pharma's established marks. The ruling prevents confusion among consumers in the pharmaceutical market.
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4h
Classic Legends plans capacity expansion, weighs greenfield factory
INDIA BUSINESS | Fri, 24 Apr 2026, 12:16AM IST
Classic Legends is planning to expand its production capacity. This includes considering a new factory as its current plant will soon reach its limit. The company has seen a recovery in sales after facing challenges. It is now sold out with more bookings than it can produce. Production is expected to significantly increase in the coming years.
Continue reading at Economic Times
4h
Our aim now is to create Indian games for local use and global exports: Krafton CEO Kim
INDIA BUSINESS | Fri, 24 Apr 2026, 12:13AM IST
Makers of popular video game PUBG looks to double down on investments and IP creation. Will invest both from its balance sheet as well as a new tech focussed fund.
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4h
IPL 2026 Points Table: Samson Century, Hosein's 4/17 Power CSK To 103-Run Rout Over MI
INDIA MARKET | Fri, 24 Apr 2026, 12:02AM IST
Samson became the first Chennai batter to score a century against MI, finishing unbeaten on 101* off 54 balls.
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4h
Are GoI & ECI rewriting poll rules unilaterally?
INDIA NEWS | Thu, 23 Apr 2026, 11:49PM IST
San Francisco: In her landmark study, 'Why Electoral Integrity Matters', political scientist Pippa Norris offers a foundational insight into what makes elections legitimate. An election, she argues, is not a single event but a sequential chain - 11 links, stretching from drawing of constituency boundaries and compilation of voter rolls, through campaign conduct, to counting of ballots and acceptance of results.Violate standards at any one link, and the chain weakens. But Norris identifies something even more corrosive than individual violations. When rules of the electoral game are set unilaterally by the very actors who stand to gain from them, the entire premise of democratic competition collapses. Elections cease being the mechanism by which power is contested and become the mechanism by which power becomes entrenched. Today, India is failing this test, not only in the conduct of elections but in its architecture as well.The first exhibit is delimitation. The Constitution (131st Amendment) Bill, introduced in a special parliamentary session on April 16, proposed expanding the Lok Sabha to 850 seats. Before addressing the question of fairness to southern states or adequacy of the formula adopted, GoI exercised discretion to rush a proposal without consultation, independent oversight or even proper circulation of the legislative text among lawmakers.It opted to rely on an older census as a population benchmark, even though it had finally begun a new one, although years behind schedule. An established independent process was replaced by a majoritarian one. Southern states, which have spent decades responsibly controlling their populations, would have had their political representation determined by the very party that stands to gain most from a north-heavy reapportionment.The Bill was defeated on April 17. But the method it employed - rewriting foundational rules of electoral competition through a parliamentary majority - signals a worrying pattern of unilateralism and discretion.The second exhibit, even more troubling, is the willingness of independent institutions to allow that pattern to take hold. This is most visible in how Election Commission has conducted Special Intensive Revision (SIR) of electoral rolls ahead of the assembly elections in West Bengal and Tamil Nadu.SIR is not new in principle. Periodic voter list revisions are a legitimate and necessary exercise. What is new is the scale, timing, methodology and near-total absence of procedural safeguards, leading to widespread confusion and reports of large-scale deletions from the rolls.Enumeration forms that determined whether a voter remained on the list, or was removed, were collected door-to-door by officials under pressure from above and subject to influence from local political actors on the ground. Voters who did not physically receive or return their forms - immigrants, rural poor, seasonal workers - were treated as absent or untraceable and, thus, deleted.Even voters with all required papers found their names missing. In West Bengal, a TMC municipal councillor walked into a crematorium, demanding his own last rites be performed after EC declared him dead.By acting with discretionary power, concentrating voter deletions in incumbent parties' strongholds, appearing to align with a government-driven agenda on illegal immigration that exceeds its mandate, and refusing to engage with criticism, EC has invited legitimate suspicions of partisanship. In Assam, it redrew electoral boundaries in lieu of a standalone Delimitation Commission, conferring an electoral advantage on BJP.This is precisely what Norris means when she writes about unilateral setting of electoral rules. The problem is not just that errors occurred. Errors in any revision exercise of this scale are inevitable. The problem is structural. The process and its rules are set by actors who stand to gain electorally from it without independent or cross-party oversight mechanisms, and without any independent body with the power to halt, audit or redesign the process.EC, whose leadership is appointed through a process in which the executive has a decisive role, and which Supreme Court itself has questioned, designed and executed the exercise unilaterally. In doing so, it risks functioning as a political instrument in administrative clothing.Norris demonstrates, with cross-national evidence, that perceptions of malpractice - even when not definitively proven - erode political legitimacy, depress voter participation and fuel protest. India is seeing all three. SC hearings running in parallel with campaign rallies, judicial officers held hostage, and opposition parties contemplating the impeachment of CEC.EC once earned its moral authority by functioning as a genuinely independent arbiter, feared by governments of every stripe. That authority has been significantly eroded. Norris' warning is unambiguous: procedurally flawed elections do not merely produce bad outcomes - they delegitimise the system entirely.Millions of citizens in West Bengal and Tamil Nadu are going to the polls, uncertain whether their names are on the list and whether the contest is genuinely fair. This uncertainty is not a technical glitch. It is a democratic failure.
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4h
ABSL AMC Q4 profit down 18%; Invesco MF launches first equity index funds
INDIA MARKET | Thu, 23 Apr 2026, 11:41PM IST
AMC earnings, new index fund launches, and a major regulatory settlement highlight shifts in India's mutual fund industry and evolving investor landscape
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4h
INDIA MARKET | Thu, 23 Apr 2026, 11:34PM IST
US markets experienced a sharp decline on Thursday. US President Donald Trump issued a directive for the Navy to engage any boats laying mines in the Strait of Hormuz. This action heightened existing tensions in the region. US forces also intercepted Iran-linked vessels in the Indian Ocean. Investors are closely watching for resolution to these conflicts.
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4h
'Like-For-Like?' Fans Question MI After Shardul Thakur Replaces Mitchell Santner As Concussion Sub
INDIA MARKET | Thu, 23 Apr 2026, 11:33PM IST
Shardul Thakur replaced Mitchell Santner as a concussion substitute.
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4h
LTM Q4FY26 results: Net profit rises 23% to 1,392.3 cr, revenue up 15.55%
INDIA BUSINESS | Thu, 23 Apr 2026, 11:32PM IST
IT major LTM (formerly LTIMindtree) on Thursday reported a 23.37 per cent rise in consolidated net profit to Rs 1,392.3 crore in the January-March quarter of FY26.
The company, a part of the Larsen & Toubro (L&T) Group, had posted a net profit (attributable to shareholders of the company) of Rs 1,128.5 crore in the same period of the preceding fiscal.
The company's revenue from operations saw a 15.55 per cent increase to Rs 11,291.7 crore in Q4 FY26, as compared to Rs 9,771.7 crore in Q4 FY25.
On a quarter-on-quarter basis, profit and revenue climbed 43.44 per cent and 4.73 per cent, respectively.
For the full fiscal year of 2025-26, the company's profit was 9.12 per cent higher at Rs 5,018.1 crore, while revenue from operations was up 11.31 per cent at Rs 42,307.6 crore.
"In FY26, we accelerated our strategic shift to an AI-centric organisation with the intelligence of the BlueVerse platform and talent transformation at scale. Over the year, we unlocked new levels of ...
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4h
Commerce Minister Goyal Launches 'Bharat Taxi' Auto, Cab Service Onboarding Programme
INDIA MARKET | Thu, 23 Apr 2026, 11:29PM IST
The minister also highlighted the economic benefits of shifting from CNG vehicles to EVs.
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5h
RBI Purchased $7.4 Billion In Spot Market In Feb, Says Bulletin
INDIA MARKET | Thu, 23 Apr 2026, 11:29PM IST
On a gross basis, the central bank purchased $21.403 billion in February and sold $13.994 billion, as per the bulletin.
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5h
Nasdaq to launch new products ahead of extended trading hours plan
INDIA MARKET | Thu, 23 Apr 2026, 11:28PM IST
Nasdaq is launching new products for extended U.S. stock trading. This move will allow trading for 23 hours a day, five days a week. The expansion aims to provide greater global access to popular U.S. stocks. This change is expected to begin on December 6, pending regulatory approval. The new system will handle increased trading activity across Nasdaq's exchanges.
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5h
India, Qatar discuss ways to boost trade, strengthen supply chains
INDIA NEWS | Thu, 23 Apr 2026, 11:27PM IST
India and Qatar on Thursday held discussions on ways to boost bilateral trade and strengthen supply chain resilience, which has been disrupted due to the West Asia crisis.
The meeting was held between Commerce and Industry Minister Piyush Goyal and Qatari Minister of State for Foreign Trade Affairs Ahmed bin Mohammed Al Sayed.
"We discussed ways to further enhance our bilateral trade and investment ties while strengthening supply chain resilience. Looking forward to deepening our strategic partnership in the times ahead," Goyal said in a post on social media. Both had virtual interaction.
The bilateral trade between the countries stood at USD 14 billion in 2024-25. Both sides have aimed at doubling it by 2030.
They are also looking at negotiating a Comprehensive Economic Partnership Agreement (CEPA).
Goyal recently discussed trade and supply chain related issues with trade ministers of other GCC members also. It included Saudi Arabia, the UAE, Bahrain and Kuwait.
All these countr
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5h
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