National Handloom Day 2026: From Alia Bhatt to Samantha Ruth Prabhu; Actresses who celebrated India's textile heritage as brides

The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS

Unitree Robotics targets $9 billion valuation in landmark IPO backed by DeepSeek and Tencent

India names 27 sites in Arunachal Pradesh

Bharat Bhhagya Viddhaata OTT: When will Kangana Ranaut's film stream online?

How many soldiers operate one S-400 battery?

Shakib Al Hasan ready to return to Bangladesh—under one condition

‘Fake news’: MEA rejects report claiming India sought defence pact with Israel after Pakistan, Saudi Arabia, Turkey deal

Rockstar to unveil GTA 6 extended look ahead of November launch

Russia forms Ukrainian Volunteer Spetsnaz Brigade to fight Ukraine

Drug-resistant fungus that hides in hair and enters bloodstream reported in 23 US states

Technology transfer deal boosts India's defence manufacturing ambitions

Border row erupts in Europe after Ceuta crossings, Spain imposes border controls on Italy

Morale plummets on USS Abraham Lincoln: Are US sailors reaching a breaking point? | GRAVITAS

'Security can't be bought with Pakistan, Turkey deal': Iran tells Saudi Arabia

Baba Vanga's 2026 prophecy: 2 predictions 'already came true', 3 terrifying ones remain. Details inside

Colombia’s new president Abelardo de la Espriella vows to ‘defeat narco-terrorists’, signals hardline shift

New Friday OTT releases (August 7, 2026): Operation Safed Sagar, Vadhandhi, Main Vaapis Aaunga- 6 movies and TV shows on Netflix, Prime Video and more

Squadron Leader Bhawana Kanth scripts history as Indian Air Force gets its first woman ‘Top Gun’ pilot

RSS says Gen Z protests reflect genuine distress

Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'

IAF officer held for sharing sensitive information in 'honey trap' case, booked under Official Secrets Act

Stray Kids under scrutiny? Fans react to Grammy submission silence after BTS boycott

Why the Su-30MKI doesn't need external fuel tanks to fly vast distances

Jugal Hansraj reunites with Shekhar Kapur after 40 years for Masoom: The Next Generation

New speed limits, automatic challans: Big traffic change coming to Delhi-Meerut Expressway. All you need to know

India officially names 27 places in Arunachal to counter China's renaming claims

Trump calls White House ballroom ruling a 'national disgrace' as court says Congress approval needed

US sanctions Iran’s crypto network after Strait of Hormuz attacks, offers $15m bounty for intel on IRGC finance

Why the Su-30MKI is one of the heaviest fighters ever built

Uttarakhand young innovator builds India's own flying vehicle, conducts first test flight: WATCH

Chilling video shows students take cover as teen opens fire at Thai school

Reese Witherspoon's father hospitalised after poolside incident in Nashville: Report

Airbus has stepped up warnings of compulsory layoffs as air travel fails to recover as quickly as expected from the coronavirus crisis.

Airbus warns of compulsory layoffs as air travel fails to recover

LVMH has denied Tiffany’s accusation that it is trying to negotiate a lower price

French govt asked LVMH to postpone luxury deal

As COVID-19 grounds swaths of airline fleets, companies that profit off the dismantling and trade of aircraft parts are seeing early signs of an expected rebound in activity as carriers accelerate plane retirements.

A sudden increase in used plane parts supply

European Central Bank President Christine Lagarde said that Euro zone governments must keep spending heavily to aid the bloc’s recovery from its historic pandemic-induced recession, complementing already super-easy monetary policy.

EU government's urged to spend heavily: ECB Chief shifts burden to govt on recovery

There has been decline in foreign direct inflow from China in the last three years with FDI coming down to $163.77 million in 2019-20, Minister of State for Finance Anurag Singh Thakur informed Lok Sabha on Monday.

Giving details of the total foreign direct investment (FDI) inflow from Chinese companies in India, he said, it was $350.22 million in 2017-18, while it declined to $229 million in the following year.

During 2019-20, FDI further came down to $163.77 million, he said in a written reply on the first day of the monsoon session.

With regard to outflow from India, he said, it was $20.63 million in calendar year 2020 as against $27.57 million in the corresponding period last year.

To curb opportunistic takeovers or acquisitions of Indian companies due to the current COVID-19 pandemic, the government issued Press Note 3 earlier this year, he said.

"A non-resident entity can invest in India, subject to the FDI policy except in those sectors/activities which are prohibited."

"However, an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the government route," he said quoting the Press Note 3.

Further, he said, "a citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the government route, in sectors/activities other than defence, space, atomic energy and sectors/activities prohibited for foreign investment."

Replying to another question, Thakur said, the Department of Expenditure has released the central share of State Disaster Response Fund (SDRF) to the states including Maharashtra in the first week of April 2020 in the view of the pandemic.

Further, to provide additional resources to states to fight against COVID-19 and considering the request of the states for relaxation of the existing Fiscal Responsibility and Budget Management Act (FRBM) limit of 3 per cent of gross state domestic product (GSDP), additional borrowing limit of up to 2 percent of GSDP has been allowed to states for the year 2020-21, he said.

Out of the additional borrowing limit of 2 per cent of GSDP allowed to states, consent of 0.50 per cent of GSDP amounting to Rs 1,06,830 crore has already been issued to the states including the consent of Rs 15,394 crore to the state of Maharashtra to raise open market borrowing (OMB) during the year 2020-21, he added.

There has been decline in foreign direct inflow from China in the last three years with FDI coming down to $163.77 million in 2019-20, Minister of State for Finance Anurag Singh Thakur informed Lok Sabha on Monday.

There has been decline in foreign direct inflow from China in the last three years with FDI coming down to $163.77 million in 2019-20, Minister of State for Finance Anurag Singh Thakur informed Lok Sabha on Monday. Giving details of the total foreign direct investment (FDI) inflow from Chinese companies in India, he said, it was $350.22 million in 2017-18, while it declined to $229 million in the following year. During 2019-20, FDI further came down to $163.77 million, he said in a written reply on the first day of the monsoon session. With regard to outflow from India, he said, it was $20.63 million in calendar year 2020 as against $27.57 million in the corresponding period last year. To curb opportunistic takeovers or acquisitions of Indian companies due to the current COVID-19 pandemic, the government issued Press Note 3 earlier this year, he said. "A non-resident entity can invest in India, subject to the FDI policy except in those sectors/activities which are prohibited." "However, an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the government route," he said quoting the Press Note 3. Further, he said, "a citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the government route, in sectors/activities other than defence, space, atomic energy and sectors/activities prohibited for foreign investment." Replying to another question, Thakur said, the Department of Expenditure has released the central share of State Disaster Response Fund (SDRF) to the states including Maharashtra in the first week of April 2020 in the view of the pandemic. Further, to provide additional resources to states to fight against COVID-19 and considering the request of the states for relaxation of the existing Fiscal Responsibility and Budget Management Act (FRBM) limit of 3 per cent of gross state domestic product (GSDP), additional borrowing limit of up to 2 percent of GSDP has been allowed to states for the year 2020-21, he said. Out of the additional borrowing limit of 2 per cent of GSDP allowed to states, consent of 0.50 per cent of GSDP amounting to Rs 1,06,830 crore has already been issued to the states including the consent of Rs 15,394 crore to the state of Maharashtra to raise open market borrowing (OMB) during the year 2020-21, he added.

FDI inflow from China declines to $163.77 million in FY20: Anurag Thakur

The coronavirus pandemic has pushed the US federal budget deficit above $3 trillion for the first 11 months of fiscal 2020, more than doubling the previous full-year record, the US Treasury said on Friday.

The budget deficit for August was $200 billion, matching the deficit in August 2019 but lower than the $245 billion forecast by analysts in a Reuters poll. However, $55 billion worth of benefit payments were shifted into July because August started on a weekend.

<a href="https://www.wionews.com/business-economy/tiffany-sues-lvmh-for-reneging-on-16-billion-deal-as-france-steps-in-326552">Also read:&nbsp;Tiffany sues LVMH for reneging on $16 billion deal as France steps in</a>

The $3.007 trillion year-to-date deficit was nearly triple the $1.067 trillion deficit for the comparable year-ago period, spurred by a massive increase in government spending to battle the economic fallout from the pandemic.

The previous 11-month deficit record was $1.37 trillion, reported by the Treasury in August 2009 during the financial crisis and recession. The full fiscal 2009 deficit totaled $1.4 trillion.

Concerns about ballooning deficits have stoked opposition by some Republicans in Congress to spending trillions of dollars more on a new round of coronavirus aid programs. This has helped to stall negotiations between Democrats and the Trump administration.

<a href="https://www.wionews.com/business-economy/elon-musks-tesla-witnesses-worst-single-day-loss-in-its-history-company-plunges-by-21-326216">Also read:&nbsp;Elon Musk's Tesla witnesses worst single-day loss in its history; company plunges by 21%</a>

The non-partisan Congressional Budget Office has projected the full-year 2020 US deficit to reach $3.3 trillion, or 16 per cent of GDP, the highest share since the end of World War Two.

August budget outlays were $423 billion, compared with $428 billion in August 2019 and $626 billion in July 2020. Labor- related outlays, largely unemployment benefits, fell to $55 billion in August from $110 billion in July after a $600-a-week federal unemployment supplement expired on July 31.

Receipts in August were $223 billion, compared with $228 billion in the year-earlier period. While taxes collected from paycheck withholdings fell by $11 billion from a year earlier, non-withheld tax payments were up $4 billion due to a processing backlog from the delayed July 15 tax deadline, a Treasury official said.

Earnings from the Federal Reserve soared in August by $5 billion compared with a year earlier from earnings on the Fed’s massively expanded bond holdings and lower interest payments on bank reserves.

The Treasury’s interest costs on public debt rose $7 billion in August compared with a year earlier as borrowing expanded massively. But debt costs were $53 billion lower for the first 11 months of 2020 versus a year earlier due to lower interest rates.

The coronavirus pandemic has pushed the US federal budget deficit above $3 trillion for the first 11 months of fiscal 2020, more than doubling the previous full-year record, the US Treasury said on Friday.

The coronavirus pandemic has pushed the US federal budget deficit above $3 trillion for the first 11 months of fiscal 2020, more than doubling the previous full-year record, the US Treasury said on Friday. The budget deficit for August was $200 billion, matching the deficit in August 2019 but lower than the $245 billion forecast by analysts in a Reuters poll. However, $55 billion worth of benefit payments were shifted into July because August started on a weekend. Also read: Tiffany sues LVMH for reneging on $16 billion deal as France steps in The $3.007 trillion year-to-date deficit was nearly triple the $1.067 trillion deficit for the comparable year-ago period, spurred by a massive increase in government spending to battle the economic fallout from the pandemic. The previous 11-month deficit record was $1.37 trillion, reported by the Treasury in August 2009 during the financial crisis and recession. The full fiscal 2009 deficit totaled $1.4 trillion. Concerns about ballooning deficits have stoked opposition by some Republicans in Congress to spending trillions of dollars more on a new round of coronavirus aid programs. This has helped to stall negotiations between Democrats and the Trump administration. Also read: Elon Musk's Tesla witnesses worst single-day loss in its history; company plunges by 21% The non-partisan Congressional Budget Office has projected the full-year 2020 US deficit to reach $3.3 trillion, or 16 per cent of GDP, the highest share since the end of World War Two. August budget outlays were $423 billion, compared with $428 billion in August 2019 and $626 billion in July 2020. Labor- related outlays, largely unemployment benefits, fell to $55 billion in August from $110 billion in July after a $600-a-week federal unemployment supplement expired on July 31. Receipts in August were $223 billion, compared with $228 billion in the year-earlier period. While taxes collected from paycheck withholdings fell by $11 billion from a year earlier, non-withheld tax payments were up $4 billion due to a processing backlog from the delayed July 15 tax deadline, a Treasury official said. Earnings from the Federal Reserve soared in August by $5 billion compared with a year earlier from earnings on the Fed’s massively expanded bond holdings and lower interest payments on bank reserves. The Treasury’s interest costs on public debt rose $7 billion in August compared with a year earlier as borrowing expanded massively. But debt costs were $53 billion lower for the first 11 months of 2020 versus a year earlier due to lower interest rates.

US budget deficit tops $3 trillion with one month left in fiscal 2020

Communist-run Cuba will soon devalue the peso’s one-to-one exchange rate with the US dollar for the first time since the 1959 revolution, according to three sources who requested anonymity due to the sensitivity of the subject.

Cuba plans first official peso devaluation since 1959 revolution | Sources

France's economy has been pushed into a recession by the coronavirus crisis. However, the economy is bouncing back and there is a struggle in recovery.

France economy struggles to recover as hit by coronavirus pandemic

Indian shares ended flat on Friday, as an agreement between India and China to de-escalate tensions on their contested border offset some negative sentiment from a continued selloff in U.S. tech stocks overnight, while investors also awaited industry data.

The blue-chip NSE Nifty 50 index closed up 0.13% at 11,464.45, while the benchmark S&amp;P BSE Sensex ended up 0.04% at 38,854.55. The indexes gained 1.2% and 1.3%, respectively, for the week after falling more than 2.6% last week.

The country will be releasing its industrial output data for July later in the day. A Reuters poll forecast a fourth straight month of decline.

India and China said they had agreed to disengage troops on their contested Himalayan border and take steps to restore "peace" following a high-level diplomatic meeting in Moscow.

The Nifty Auto Index ended 0.15% higher, after the country`s auto industry body said total domestic passenger vehicle sales for August were up 14.2% on the year.

The Nifty Metal Index closed up 0.61%. The Indian government is planning to restrict copper and aluminium imports to protect domestic producers, Reuters reported on Thursday, citing sources.

India`s most valuable bank HDFC Bank Ltd and mortgage lender Housing Development Finance Corporation were the top drags on the Nifty, ending down 1.1% and 0.5%, respectively.

IT major Tata Consultancy Services Ltd, which closed 1.8% higher, and consumer goods giant Hindustan Unilever Ltd, which ended up 1.2%, were the top boosts to the Nifty.

Broader global markets struggled for momentum, with European and Asian shares rising slightly after overnight selling in U.S. technology stocks and concerns over U.S. stimulus.

Indian shares ended flat on Friday, as an agreement between India and China to de-escalate tensions on their contested border offset some negative sentiment from a continued selloff in U.

Indian shares ended flat on Friday, as an agreement between India and China to de-escalate tensions on their contested border offset some negative sentiment from a continued selloff in U.S. tech stocks overnight, while investors also awaited industry data. The blue-chip NSE Nifty 50 index closed up 0.13% at 11,464.45, while the benchmark S&P BSE Sensex ended up 0.04% at 38,854.55. The indexes gained 1.2% and 1.3%, respectively, for the week after falling more than 2.6% last week. The country will be releasing its industrial output data for July later in the day. A Reuters poll forecast a fourth straight month of decline. India and China said they had agreed to disengage troops on their contested Himalayan border and take steps to restore "peace" following a high-level diplomatic meeting in Moscow. The Nifty Auto Index ended 0.15% higher, after the country`s auto industry body said total domestic passenger vehicle sales for August were up 14.2% on the year. The Nifty Metal Index closed up 0.61%. The Indian government is planning to restrict copper and aluminium imports to protect domestic producers, Reuters reported on Thursday, citing sources. India`s most valuable bank HDFC Bank Ltd and mortgage lender Housing Development Finance Corporation were the top drags on the Nifty, ending down 1.1% and 0.5%, respectively. IT major Tata Consultancy Services Ltd, which closed 1.8% higher, and consumer goods giant Hindustan Unilever Ltd, which ended up 1.2%, were the top boosts to the Nifty. Broader global markets struggled for momentum, with European and Asian shares rising slightly after overnight selling in U.S. technology stocks and concerns over U.S. stimulus.

Sensex, Nifty close flat with focus on China border talks, industry data

LVMH has moved to call off a $16 billion purchase of Tiffany & Co., which countered with a lawsuit to try to keep the deal on track. Watch report.

LVMH pulls out of mega-deal with Tiffany

France has accused the United States of seeking to avoid international talks to update cross-border taxation for the digital age and urged Europe to prepare an EU tax if the negotiations fail.

France says US blocking digital tax talks: Nearly 150 countries are negotiating tax

Thailand's economy is expected to contract between 7% and 9% this year from the impact of the coronavirus pandemic, while frequent anti-government protests are a concern.

Southeast Asia's second-largest economy expected to shrink

In the United Kingdom, alcohol consumption seems to have increased by almost 50% during the coronavirus pandemic. Watch report.

Britons consuming more alcohol during COVID-19

Indian equity market benchmarks BSE Sensex and Nifty 50 extended gains and were trading over one per cent higher on Thursday.&nbsp;

The S&amp;P BSE Sensex gained 500 points to 38,700 levels and the Nifty50 index reclaimed the 11,400-mark.

Reliance Industries leaped 7 per cent on reports that the company is offering to sell roughly $20 billion worth of stake in its retail arm, Reliance Retail, to Amazon.

Market analysts believe that midcap and smallcap outperformance is likely to continue in the coming months. On the back of a rebound in COVID-19 cases globally and India-China border tension, markets are reeling under volatility. So far in September, the 30-share Sensex has lost 1.8 per cent. The BSE SmallCap index has fallen 0.77 per cent. The BSE MidCap index fell 2.6 per cent so far in September.

Meanwhile, Rupee settles higher at 73.46 per US dollar vs Wednesday's close of 73.53/$ 
 
(With inputs from agencies)

Indian equity market benchmarks BSE Sensex and Nifty 50 extended gains and were trading over one per cent higher on Thursday. The S&P BSE Sensex gained 500 points to 38,700 levels and the Nifty50 index reclaimed the 11,400-mark.

Indian equity market benchmarks BSE Sensex and Nifty 50 extended gains and were trading over one per cent higher on Thursday. The S&P BSE Sensex gained 500 points to 38,700 levels and the Nifty50 index reclaimed the 11,400-mark. Reliance Industries leaped 7 per cent on reports that the company is offering to sell roughly $20 billion worth of stake in its retail arm, Reliance Retail, to Amazon. Market analysts believe that midcap and smallcap outperformance is likely to continue in the coming months. On the back of a rebound in COVID-19 cases globally and India-China border tension, markets are reeling under volatility. So far in September, the 30-share Sensex has lost 1.8 per cent. The BSE SmallCap index has fallen 0.77 per cent. The BSE MidCap index fell 2.6 per cent so far in September. Meanwhile, Rupee settles higher at 73.46 per US dollar vs Wednesday's close of 73.53/$ (With inputs from agencies)

Sensex zooms over 500 points up, Nifty again tops 11,400

Tiffany &amp; Co sued LVMH on Wednesday after the French luxury goods giant told the U.S. jeweler it could not complete a $16 billion deal to acquire it because of a French government request and the impact of the coronavirus outbreak.

LVMH, led by billionaire Bernard Arnault, said its board had received a letter from the French foreign ministry asking it to delay the acquisition until Jan. 6, 2021, given the threat of additional U.S. tariffs against French products.

This, LVMH argued, made it impossible to meet a contractual Nov. 24 deadline to complete the acquisition, adding it was not willing to extend the agreement further. The French state's intervention marked the latest twist in the attempt to combine some of the fashion world's most high-profile luxury brands.

"I am sure that you will understand the need to take part in our country's efforts to defend its national interests," France's foreign minister, Jean-Yves Le Drian, wrote to Arnault, according to an English translation of the Aug. 31 letter that Tiffany received from LVMH and that it published on Wednesday.

&nbsp;"The deal cannot happen. We are prohibited from closing the deal," LVMH finance chief Jean Jacques Guiony told reporters on a conference call. Bloomberg News reported, citing a source it did not identify, that Arnault asked for help from the French government to pull out of the deal with Tiffany, but Guiony said the letter was unsolicited and came as a total surprise to LVMH.

A French government source said the letter had "political value" and was meant to alert LVMH to the risks of pursuing the deal just as France wrangles with the United States over trade tariffs - but it was advisory and not binding.

The White House did not respond to a request for comment on the French government's intervention in the deal. Analysts were skeptical about any attempt by France to use LVMH's bid for Tiffany as effective leverage in its trade dispute with the United States.

"The French government is certainly very active in defending the French national interest. But this has meant in most cases preventing acquisition of French companies," said Luca Solca, luxury goods analyst at Bernstein.

The pandemic's financial fallout has made the deal's price tag less attractive to LVMH. Tiffany's worldwide sales fell 29% to $747.1 million in the three months ended July 31, missing expectations of $772 million. Guiony on Wednesday called Tiffany's financial performance in recent months "lackluster."

It was not immediately clear whether LVMH was seeking to walk away from the acquisition of Tiffany, or use the hurdles facing the deal as leverage to renegotiate the price. Tiffany has so far resisted attempts to reopen price negotiations.

Tiffany's shares ended trading on Wednesday down 6.4% at $113.96, well below the $135 per share deal price, reflecting uncertainty among investors over whether the deal will go ahead and at what price.

Tiffany & Co sued LVMH on Wednesday after the French luxury goods giant told the U.S. jeweler it could not complete a $16 billion deal to acquire it because of a French government request and the impact of the coronavirus outbreak.

Tiffany & Co sued LVMH on Wednesday after the French luxury goods giant told the U.S. jeweler it could not complete a $16 billion deal to acquire it because of a French government request and the impact of the coronavirus outbreak. LVMH, led by billionaire Bernard Arnault, said its board had received a letter from the French foreign ministry asking it to delay the acquisition until Jan. 6, 2021, given the threat of additional U.S. tariffs against French products. This, LVMH argued, made it impossible to meet a contractual Nov. 24 deadline to complete the acquisition, adding it was not willing to extend the agreement further. The French state's intervention marked the latest twist in the attempt to combine some of the fashion world's most high-profile luxury brands. "I am sure that you will understand the need to take part in our country's efforts to defend its national interests," France's foreign minister, Jean-Yves Le Drian, wrote to Arnault, according to an English translation of the Aug. 31 letter that Tiffany received from LVMH and that it published on Wednesday. "The deal cannot happen. We are prohibited from closing the deal," LVMH finance chief Jean Jacques Guiony told reporters on a conference call. Bloomberg News reported, citing a source it did not identify, that Arnault asked for help from the French government to pull out of the deal with Tiffany, but Guiony said the letter was unsolicited and came as a total surprise to LVMH. A French government source said the letter had "political value" and was meant to alert LVMH to the risks of pursuing the deal just as France wrangles with the United States over trade tariffs - but it was advisory and not binding. The White House did not respond to a request for comment on the French government's intervention in the deal. Analysts were skeptical about any attempt by France to use LVMH's bid for Tiffany as effective leverage in its trade dispute with the United States. "The French government is certainly very active in defending the French national interest. But this has meant in most cases preventing acquisition of French companies," said Luca Solca, luxury goods analyst at Bernstein. The pandemic's financial fallout has made the deal's price tag less attractive to LVMH. Tiffany's worldwide sales fell 29% to $747.1 million in the three months ended July 31, missing expectations of $772 million. Guiony on Wednesday called Tiffany's financial performance in recent months "lackluster." It was not immediately clear whether LVMH was seeking to walk away from the acquisition of Tiffany, or use the hurdles facing the deal as leverage to renegotiate the price. Tiffany has so far resisted attempts to reopen price negotiations. Tiffany's shares ended trading on Wednesday down 6.4% at $113.96, well below the $135 per share deal price, reflecting uncertainty among investors over whether the deal will go ahead and at what price.

Tiffany sues LVMH for reneging on $16 billion deal as France steps in

Tesla shares on Tuesday closed down 21.06 per cent, making it the worst one-day loss on record. After a steep fall in shares, the company’s market valuation has gone down by roughly $82 billion to $307.7 billion.

According to Forbes, Tesla founder and CEO Elon Musk's wealth too witnessed a fall by $16 billion.&nbsp;

This year, Tesla has witnessed a rise in stocks after rising around 300 per cent due to which the company is now worth more than some of the world's largest automakers, including Toyota and Volkswagen.

<a href="https://www.wionews.com/world/elon-musk-becomes-worlds-third-richest-man-bezos-ex-wife-now-worlds-richest-woman-324475">Also read|&nbsp;Elon Musk becomes world's third richest man; Bezos' ex-wife now world's richest woman</a>

The S&amp;P 500 Index Committee on Friday decided to add e-commerce site Etsy, automatic test equipment maker Teradyne and pharmaceutical firm Catalent to the S&amp;P 500 but stopped short of including Tesla.

After Tesla reported its fourth consecutive quarter of profitability in July, some investors expected the company to be included this quarter. Following the news, the company's stock dropped 7 per cent after hours on Friday.&nbsp;

The American markets were closed on Monday because of Labor Day.&nbsp;

Last month, Tesla split its stock 5-to-1, this move by the company saw a significant rise in the value despite having no fundamental impact on the stock. However, it declined a few days later after its largest shareholder, Baillie Gifford cut its stake in the company. According to Gifford, the reduction in ownership was merely down to portfolio restrictions.

Tesla shares on Tuesday closed down 21.06 per cent, making it the worst one-day loss on record. After a steep fall in shares, the company’s market valuation has gone down by roughly $82 billion to $307.

Tesla shares on Tuesday closed down 21.06 per cent, making it the worst one-day loss on record. After a steep fall in shares, the company’s market valuation has gone down by roughly $82 billion to $307.7 billion. According to Forbes, Tesla founder and CEO Elon Musk's wealth too witnessed a fall by $16 billion. This year, Tesla has witnessed a rise in stocks after rising around 300 per cent due to which the company is now worth more than some of the world's largest automakers, including Toyota and Volkswagen. Also read| Elon Musk becomes world's third richest man; Bezos' ex-wife now world's richest woman The S&P 500 Index Committee on Friday decided to add e-commerce site Etsy, automatic test equipment maker Teradyne and pharmaceutical firm Catalent to the S&P 500 but stopped short of including Tesla. After Tesla reported its fourth consecutive quarter of profitability in July, some investors expected the company to be included this quarter. Following the news, the company's stock dropped 7 per cent after hours on Friday. The American markets were closed on Monday because of Labor Day. Last month, Tesla split its stock 5-to-1, this move by the company saw a significant rise in the value despite having no fundamental impact on the stock. However, it declined a few days later after its largest shareholder, Baillie Gifford cut its stake in the company. According to Gifford, the reduction in ownership was merely down to portfolio restrictions.

Elon Musk's Tesla witnesses worst single-day loss in its history; company plunges by 21%

Harley Davidson could partnership with Hero MotoCorp in India to groom its business in Indian market where it expected high growth, but is seeing slower sales.

Harley may ride with Hero MotoCorp for India ops

According to Boeing Co., it had identified a third quality-control lapse in production of its 787 Dreamliner, further slowing deliveries of the jetliner and revving up an investigation by federal air-safety regulators.

Deliveries of 787 Dreamliners to be delayed: Boeing

Be it the world of work, education, the economy and even politics, the world is on the cusp of a fundamental revolution. What undergirds this revolution is technology or more accurately, the Information&nbsp;Communication Technologies (ICT’s which are fundamentally reshaping how we view the world. To employ a cliché, what used to be sci-fi only a few decades ago is now a reality. 
 
This is prompting many to suggest that we are in the midst of a 4th Industrial Revolution. While this formulation is in the nature of a condition – that is, it is happening and is a process that is denoueing, it has not entirely assumed the form that could bear the nomenclature of the 4th Industrial Revolution yet. But something fundamental is happening.

Consider work. While remote working was an option for some firms and work was broken down into discrete units, and distributed to many parts of the world (read outsourcing), the Covid 19 pandemic has intensified the adoption of and integration of technology into workflows and processes. The pandemic, at some point in time, will go way but what will not is the adoption of work-related processes determined by technology. The same would hold true for education.

In the domain of manufacturing and the ‘real economy,’ the Internet of Things (IoT) will further embed technology into machines, gadgets and devices taking the world further into a tech determined place where ‘devices speak’ and so on. &nbsp;Robots will increasingly do the work humans do and Artificial Intelligence will do the same.

&nbsp;All this will have profound political implications. In and between the worlds of states, while geopolitical competition will remain the overarching reality, the competition for power and the locus of power will be determined by access to and control over technology. (The ruckus over Huawei emblematizes this point and is perhaps in the nature of the tip of the proverbial iceberg).

Competition over and about technology, its access, dissemination and distribution will not only determine issues of war and peace but also development and poverty. Poorer nations, resource and capital starved can leap frog the development process and while catch up will be difficult, contingent as it will be &nbsp;on access to technology , speed of innovation &nbsp;and the network effects thereof, but relative economic convergence might be possible.

Capital flows might also become contingent on the level and sophistication of a given country’s technology and its adoption. Here countries, like companies, might become brands or, put more emphasis on branding, of course with stuff to show for it.

All in all than, say within a timespan of a few decades, the world will look very different. If a metaphor might be employed and applied here, the world- its politics, economics, industry and so on- will be ‘Amazonized’ ( the reference here is to the company Amazon). But the question is: will it be a peaceful, conflict less, frictionless world? Or, in other more compelling and evocative worlds, will there ensure a dystopia or a Utopia?

These are strong words and compelling visions that do not actually bear relation to the human condition. There has not been a utopia nor a dystopia in worldly terms. The reality always has been messy, complicated and complex. But, before far reaching changes of a radical nature, if the world is prepared, future conditions might not actually work to the detriment of mankind. In the context of the contemporary world, and the radical changes unleashed by technology, it then would make sense to understand the nature and direction of change and guide it, to the extent can be, for good.

A digression is called for here. The guiding of the direction of change is an imperative and goes to the heart of modernity, if by that is meant mankind’s mastery over the natural world. If humankind is to remain autonomous, then it is important that control is not ceded entirely to machines. This is not an allusion to some tech dystopia where machines go mad and run the world but to inject sobriety, proportion and balance into the emerging world, one where technology is an evident reality but it must be conjoined to but ultimately serve humankind.

The question is how?

This is a difficult question that, however, must be answered. If it is not and if say, for example, industry is automated entirely, if blue collar work and even white collar one disappears, there will be so many humans and many machines with the latter becoming the dominant reality. Against the backdrop of an increasing world population, with a social division of labor, and only a few tasks being open to be performed by humans, what will they do? Who will produce for whom? But more importantly, and both prosaically and fundamentally, what will they eat?

The answer lies in enabling a transition to a world where there is balance and equipoise between man and machine and where is equity. If the issue is glossed over and tech determinism allowed to run its logical course without the balance of human interventions, then a political revolution that will consume, obscure and overwhelm the 4th industrial revolution is not far off. The time for redress, equipoise and proportion is now.

Be it the world of work, education, the economy and even politics, the world is on the cusp of a fundamental revolution. What undergirds this revolution is technology or more accurately, the Information Communication Technologies (ICT’s which are fundamentally reshaping how we view the world.

Be it the world of work, education, the economy and even politics, the world is on the cusp of a fundamental revolution. What undergirds this revolution is technology or more accurately, the Information Communication Technologies (ICT’s which are fundamentally reshaping how we view the world. To employ a cliché, what used to be sci-fi only a few decades ago is now a reality. This is prompting many to suggest that we are in the midst of a 4th Industrial Revolution. While this formulation is in the nature of a condition – that is, it is happening and is a process that is denoueing, it has not entirely assumed the form that could bear the nomenclature of the 4th Industrial Revolution yet. But something fundamental is happening. Consider work. While remote working was an option for some firms and work was broken down into discrete units, and distributed to many parts of the world (read outsourcing), the Covid 19 pandemic has intensified the adoption of and integration of technology into workflows and processes. The pandemic, at some point in time, will go way but what will not is the adoption of work-related processes determined by technology. The same would hold true for education. In the domain of manufacturing and the ‘real economy,’ the Internet of Things (IoT) will further embed technology into machines, gadgets and devices taking the world further into a tech determined place where ‘devices speak’ and so on. Robots will increasingly do the work humans do and Artificial Intelligence will do the same. All this will have profound political implications. In and between the worlds of states, while geopolitical competition will remain the overarching reality, the competition for power and the locus of power will be determined by access to and control over technology. (The ruckus over Huawei emblematizes this point and is perhaps in the nature of the tip of the proverbial iceberg). Competition over and about technology, its access, dissemination and distribution will not only determine issues of war and peace but also development and poverty. Poorer nations, resource and capital starved can leap frog the development process and while catch up will be difficult, contingent as it will be on access to technology , speed of innovation and the network effects thereof, but relative economic convergence might be possible. Capital flows might also become contingent on the level and sophistication of a given country’s technology and its adoption. Here countries, like companies, might become brands or, put more emphasis on branding, of course with stuff to show for it. All in all than, say within a timespan of a few decades, the world will look very different. If a metaphor might be employed and applied here, the world- its politics, economics, industry and so on- will be ‘Amazonized’ ( the reference here is to the company Amazon). But the question is: will it be a peaceful, conflict less, frictionless world? Or, in other more compelling and evocative worlds, will there ensure a dystopia or a Utopia? These are strong words and compelling visions that do not actually bear relation to the human condition. There has not been a utopia nor a dystopia in worldly terms. The reality always has been messy, complicated and complex. But, before far reaching changes of a radical nature, if the world is prepared, future conditions might not actually work to the detriment of mankind. In the context of the contemporary world, and the radical changes unleashed by technology, it then would make sense to understand the nature and direction of change and guide it, to the extent can be, for good. A digression is called for here. The guiding of the direction of change is an imperative and goes to the heart of modernity, if by that is meant mankind’s mastery over the natural world. If humankind is to remain autonomous, then it is important that control is not ceded entirely to machines. This is not an allusion to some tech dystopia where machines go mad and run the world but to inject sobriety, proportion and balance into the emerging world, one where technology is an evident reality but it must be conjoined to but ultimately serve humankind. The question is how? This is a difficult question that, however, must be answered. If it is not and if say, for example, industry is automated entirely, if blue collar work and even white collar one disappears, there will be so many humans and many machines with the latter becoming the dominant reality. Against the backdrop of an increasing world population, with a social division of labor, and only a few tasks being open to be performed by humans, what will they do? Who will produce for whom? But more importantly, and both prosaically and fundamentally, what will they eat? The answer lies in enabling a transition to a world where there is balance and equipoise between man and machine and where is equity. If the issue is glossed over and tech determinism allowed to run its logical course without the balance of human interventions, then a political revolution that will consume, obscure and overwhelm the 4th industrial revolution is not far off. The time for redress, equipoise and proportion is now.

The 4th industrial revolution is real but so too is an alternate reality

Domestic stock market indices were trading higher on Tuesday led by IT stocks and financial stocks as they trimmed gains to turn positive.&nbsp; 
 
The S&amp;P BSE Sensex was trading 235 points, or 0.6 per cent, higher at around 38,650 levels, and the Nifty50 index reclaimed the 11,400 mark. 
 
Infosys (up 2 per cent) was the top Sensex gainer, followed by HCL Tech and TCS (both up 1%). On the other hand, NTPC and Bharti Airtel slid 1 per cent each.

Meanwhile, the rupee depreciated 29 paise to 73.64 against the US dollar in opening deals on Tuesday amid rise in demand for the American currency from banks and importers. 
 
Forex traders said strengthening American currency and foreign fund outflows weighed on the local unit.

(With inputs from agencies)

Domestic stock market indices were trading higher on Tuesday led by IT stocks and financial stocks as they trimmed gains to turn positive. The S&P BSE Sensex was trading 235 points, or 0.

Domestic stock market indices were trading higher on Tuesday led by IT stocks and financial stocks as they trimmed gains to turn positive. The S&P BSE Sensex was trading 235 points, or 0.6 per cent, higher at around 38,650 levels, and the Nifty50 index reclaimed the 11,400 mark. Infosys (up 2 per cent) was the top Sensex gainer, followed by HCL Tech and TCS (both up 1%). On the other hand, NTPC and Bharti Airtel slid 1 per cent each. Meanwhile, the rupee depreciated 29 paise to 73.64 against the US dollar in opening deals on Tuesday amid rise in demand for the American currency from banks and importers. Forex traders said strengthening American currency and foreign fund outflows weighed on the local unit. (With inputs from agencies)

Sensex up 235 points, Nifty above 11,400; IT stocks rise

According to a report by a British newspaper, e-commerce giant Amazon reportedly deleted&nbsp;20,000 product reviews written by UK reviewers which were found to be posts related to making profits by users.

According to Britain's Financial Times, there were "thousands of five-star ratings" with several famous reviewers named in the list.

The products reviewed were allegedly of&nbsp;"little known Chinese brands". The product reviews also emerged on eBay. The newspaper said that it saw many groups offering free products or money in exchange for reviews.

UK's competition watchdog had earlier launched a probe into the &nbsp;“suspicious” reviews.

The newspaper said the fake reviews problem seemed to have exacerbated after the coronavirus pandemic after&nbsp;a large number of people began using the e-commerce platform even as Amazon said it would find out and investigate the latest fake review&nbsp;claims while adding that it took it "seriously".

Meanwhile, Amazon said it will create 7,000 permanent jobs in the UK by the end of the year amid the pandemic.

Amazon said it will add "7,000 permanent roles by the end of 2020 across more than 50 sites, including corporate offices and two new fulfilment centres".

Its total permanent UK workforce will number more than 40,000 as the pandemic triggered a surge in online shopping.

According to a report by a British newspaper, e-commerce giant Amazon reportedly deleted 20,000 product reviews written by UK reviewers which were found to be posts related to making profits by users.

According to a report by a British newspaper, e-commerce giant Amazon reportedly deleted 20,000 product reviews written by UK reviewers which were found to be posts related to making profits by users. According to Britain's Financial Times, there were "thousands of five-star ratings" with several famous reviewers named in the list. The products reviewed were allegedly of "little known Chinese brands". The product reviews also emerged on eBay. The newspaper said that it saw many groups offering free products or money in exchange for reviews. UK's competition watchdog had earlier launched a probe into the “suspicious” reviews. The newspaper said the fake reviews problem seemed to have exacerbated after the coronavirus pandemic after a large number of people began using the e-commerce platform even as Amazon said it would find out and investigate the latest fake review claims while adding that it took it "seriously". Meanwhile, Amazon said it will create 7,000 permanent jobs in the UK by the end of the year amid the pandemic. Amazon said it will add "7,000 permanent roles by the end of 2020 across more than 50 sites, including corporate offices and two new fulfilment centres". Its total permanent UK workforce will number more than 40,000 as the pandemic triggered a surge in online shopping.

Amazon deletes 20,000 reviews over posts for profit scam: Report

Domestic stock market indices settled flat with a negative bias on Tuesday amid selling in blue-chip counters such as Bharti Airtel, Axis Bank, HDFC, and Hindustan Unilever (HUL).

The BSE Sensex went off 51 points and closed at 38,365 levels while the 50-stocks NSE Nifty went down 37 points after closing at 11,317 levels. Bank Nifty dipped 200 points and closed at 22,744 levels. 
 
(With inputs from agencies)

Domestic stock market indices settled flat with a negative bias on Tuesday amid selling in blue-chip counters such as Bharti Airtel, Axis Bank, HDFC, and Hindustan Unilever (HUL).

Domestic stock market indices settled flat with a negative bias on Tuesday amid selling in blue-chip counters such as Bharti Airtel, Axis Bank, HDFC, and Hindustan Unilever (HUL). The BSE Sensex went off 51 points and closed at 38,365 levels while the 50-stocks NSE Nifty went down 37 points after closing at 11,317 levels. Bank Nifty dipped 200 points and closed at 22,744 levels. (With inputs from agencies)

Sensex, Nifty end in red zone on escalating China-India border standoff

China's exports rose for the third consecutive month in August, eclipsing an extended fall in imports, as more of its trading partners relaxed coronavirus lockdowns in a further boost to the recovery in the world's second-biggest economy.

China's exports grow significantly faster than global rate

Japan's economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prime minister faces in averting a steeper recession.

Japan's economy sinks deeper, businesses delay fresh investments

The Director-General of Civil Aviation on Sunday told the Supreme Court that all flight tickets booked by passengers in domestic and international airlines for travel between March 25 to May 3 this year will be ‘fully refunded’.

India: Flight tickets cancelled under Lockdown to be fully refunded

Shares in China's Semiconductor Manufacturing International Corp tumbled on Monday in response to reports of potential sanctions against the company from Washington.

Shares of China's SMIC plunge in Hong Kong, Shanghai on U.S. blacklist fears