Austria Financial News
05.02 / 02:15
UPS
Platform
security
Avid
Research
performer
Interviews
The world’s first viral AI assistant has arrived, and things are getting weird
Subscribe to enjoy similar stories. Avid futurists have promised the world AI assistants for years. Now, a real one has finally arrived, and things got weird really fast.
27.04 / 13:13
markets
UPS
Provident
SUN
Allianz
Pharmaceuticals
Eyeing global heft, Indian cos open their purse strings for buyouts
Subscribe to enjoy similar stories.Mumbai: From technology to automobiles to pharmaceuticals, Indian companies are scaling up their global ambitions like never before.They are using large acquisitions overseas to quickly scale, deliver higher value products and compete on the global stage. The latest one—Sun Pharmaceutical Industries Ltd’s $11.75 billion acquisition of US-based specialty drugmaker Organon & Co, second only to the Tata Steel's $12-billion purchase of Corus Group nearly two decades ago, caps a year of such bold bets.Whether it is Coforge Ltd’s $2.39 billion buyout of California-based Encora, Tata Motors Ltd’s $4.5 billion bet on Italy’s Iveco, or Bajaj Auto Ltd’s $906 million acquisition of its long-time Austrian partner KTM, Indian companies are spending top dollar on acquiring companies overseas, which give them access to technology and newer markets.Coforge is an IT services provider that caters to legacy companies.
16.04 / 10:33
COST
UPS
security
Strategy
Updates
Bajaj Auto trains focus on cost cuts and tighter governance for KTM after helping to secure funds to clear its loan
Subscribe to enjoy similar stories.NEW DELHI: After helping to secure funding to clear KTM’s dues, Bajaj Auto has shifted focus to cost cutting and tighter governance at the Austrian premium motorcycle maker, its largest acquisition, a top executive told Mint.The cost-reduction initiatives include a review of sourcing strategies and identification of synergies, while Bajaj steps up its role on KTM’s supervisory board, Bajaj Auto executive director Rakesh Sharma said.“Our support to them started with the first phase, where we had to get the liquidity organized. The second was putting in the top management.
10.02 / 01:53
markets
UPS
Target
FIVE
Manufacturing
Strategy
Cycling
Five blue-chip auto stocks to add to your watchlist
Subscribe to enjoy similar stories. Auto stocks sit at the intersection of economic cycles, consumer demand, and capital discipline. When the cycle turns favourable, companies with scale, brand strength, and execution consistency tend to pull ahead, compounding value without drawing attention.
20.01 / 08:39
markets
UPS
economy
War
country
prevention
politician
Recessions have become ultra-rare. That is storing up trouble
Subscribe to enjoy similar stories. From 1300 to 1800, economic historians estimate that England and then Britain were in recession almost half the time. The economy was volatile, with storming recoveries following crashing downturns.
24.12 / 00:55
markets
COST
Manufacturing
Strategy
Analysis
performer
Updates
Bajaj Auto prepares script for KTM revival as domestic share slips
Bajaj Auto Ltd is crafting a turnaround for KTM, its biggest acquisition, to boost profitability even as it loses market share in its home market.Pune-based Bajaj Auto will look to discontinue smaller brands under KTM, rejig core operations and unlock synergies between the supply chains of Bajaj and KTM to reduce costs, according to management commentary during the earnings call and meetings with analysts.“After the KTM acquisition, Bajaj Auto would now focus on the restructuring of the core operations. They would also look to leverage synergy benefits in manufacturing operations, the supply chain, and the distribution network,” analysts at Motilal Oswal wrote in a 15 December note after meeting Bajaj Auto's leadership team.A revival plan for KTM is aimed at bolstering its premium offerings, as its exports remain profitable, while India’s fourth-largest two-wheeler maker’s domestic market share continues to decline.Bajaj Auto acquired struggling motorcycle maker KTM for about €800 million.
05.12 / 11:29
markets
UPS
Citi
Apple
Food
Inside
What to eat and shop from Christmas markets in Europe
Subscribe to enjoy similar stories. Against the shimmering white façade of Vienna’s Rathaus (town hall) with its neo-Gothic architecture, pretty yellow lights flicker and dance. Mozart, Beethoven and Schubert, who hold sway in this city of music, take a back seat for about six weeks as Christmas tunes fill the air.
24.03 / 04:27
markets
UPS
Target
Manufacturing
Research
performer
country
BirlaNu plans $150 mn investment in three years to revive growth
Subscribe to enjoy similar stories. CK Birla Group’s flagship BirlaNu, formerly known as HIL Ltd, is set to invest around $150 million ( ₹1,300 crore) to help achieve its target of becoming a $1 billion (about ₹8,600 crore) company by 2028 and revive growth. The Delhi-based firm will look to expand manufacturing capacities and pursue inorganic growth opportunities through acquisitions to drive growth.
20.03 / 06:23
markets
Dreams
Research
students
Universities
innovations
rights
In voyage to make US great again, is Trump disrupting the great American dream?
Immigration Native Americans represent only 2% of the U.S. population, with the rest of the population having an immigration story. Trump himself has German ancestry on his father’s side, Melania is from Slovenia, Vice President JD Vance has Scots-Irish roots, and his wife is of Indian origin. America has always been a «melting pot,» attracting talent from around the world. The American dream has allowed for success stories like that of Arnold Schwarzenegger, an Austrian bodybuilder who became a leading actor and later California governor. What’s Changed?
13.03 / 17:21
markets
security
Trade
Department
rights
peace
Trump's dangerous game: A modern tyrant's struggles
Donald Trump is the archetypal tyrant. What occurred at the Oval Office between Trump and Zelenskyy belongs to the playbook of one that many Trump supporters hold in high regard. In 1938, Austrian chancellor Kurt Schuschnigg was summoned by Hitler for a meeting that ended with Hitler hectoring his Austrian counterpart and serving him an ultimatum in the presence of high-ranking German generals. Schuschnigg returned home without acquiescing to any demands. Eventually, he was forced to resign and arrested. The Anschluss began and history followed its course. Trump is unlikely to follow this playbook to the bitter end. He's only interested in a deal that offers Ukraine US support in exchange for rare earth deposits. But he continues to cajole and threaten Putin and Zelenskyy to succeed as a mediator of peace.
13.03 / 12:07
03.02 / 11:05
Updates
Sporting
Malta vs Austria Live Score: Match 2 of Malta T20I Tri-Series, 2025 to start at 05:30 PM
Venue : Marsa Sports Club, Marsa, Malta Malta squad - Adhith Rajan, Affy Khan, Basil George, Chanjal Sudarsanan, Darshit Patankar, Gopal Thakur, Jaspal Singh, Niyas Muhammad, Sobu George, Varun Prasath, Vidusha Rashmika, Rockey Dianish, Shrijay Patel, Amar Sharma, David Marks, Eldhose Mathew, Pintu Ghosh, Waseem Abbas Austria squad - Janan Ghelzai, Mark Simpson-Parker, Qadargul Utmanzai, Razmal Shigiwal, Zeshan Arif, Aqib Iqbal, Bilal Zalmai, Hamid Safi, Hekmatullah Khogiyani, Arsalan Arif, Mehar Cheema, Adeel Tariq, Itibarshah Deedar, Sahel Zadran, Umair Tariq Malta vs Austria Match Details Match 2 of Malta T20I Tri-Series, 2025 between Malta and Austria to be held at Marsa Sports Club, Marsa, Malta at 05:30 PM.
28.01 / 11:03
COST
economy
show
country
2020
Equality
India’s taxes nipping at your earnings? It could be worse.
Subscribe to enjoy similar stories. India’s seemingly high income tax rates are softer than that of several advanced economies, allowing for a better quality of life across income groups, data show. Indian taxpayers, particularly those in the highest 30% tax bracket, have been crying hoarse that the country’s tax rates are among the highest in the world.
28.01 / 06:25
Aviat
security
Inside
Investigations
International
Ex-UN official from Montreal nabbed by FBI for alleged role selling Chinese weapons to Libya
political interference in the New York governor’s office, a spy inside telecom giant Verizon and secret Chinese Communist Party police stations in New York City.Since the FBI took Wan into custody and seized his phone, laptop and storage devices, his fate before U.S. courts remains unclear.Wan could not be reached for comment.
19.01 / 06:03
16.01 / 11:39
13.01 / 20:19
13.01 / 09:01
COST
Citi
Booking
Dreams
country
travelers
How off-season deals helped this Mumbai couple enjoy a budget-friendly two-week Christmas holiday across Europe
Subscribe to enjoy similar stories. Dreaming of a magical white Christmas in Europe but worried about the cost? Mumbai-based entrepreneur Mufaddal Kagalwala and his wife Sakina Gandhi turned this dream into a reality—without breaking the bank. By taking advantage of off-season deals on flights and hotels, the couple pulled off an unforgettable 13-day journey across Hungary, Slovakia, Austria, and the Czech Republic—all for under ₹3.5 lakh.
12.01 / 19:09
love
composer
information
Let facts not come in the way of the 5th
Beethoven's Symphony No. 5 and the first movement of 20th c. Hungarian-Austrian composer Gyorgy Ligeti's Atmospheres, '20%' of cancerous cells were destroyed.
11.01 / 11:15
Citi
Art
love
Fishing
Diversity
show
Schools
‘Once Upon a Time in Bombay’: An exhibition that is a love letter to the city
Subscribe to enjoy similar stories. A series of paintings on showcase at DAG, Mumbai, showcase Bombay’s transformation from a colonial centre and a major port into the megapolis that we know as Mumbai today. Titled ‘Once Upon a Time in Bombay’, the exhibition, which opened as part of the Mumbai Gallery Weekend, chronicles the city’s evolving landscapes through the 19th and 20th centuries.
06.01 / 13:05
markets
CEO
Strategy
Diversity
track
International
Mercedes-Benz India announces Emrah Ozer CFO
Mercedes-Benz India has announced an organizational change in its Finance & Controlling function effective since 1st January 2025. Emrah Ozer, currently associated as the Member of the Board of Management and Head of Finance & Controlling, at Mercedes-Benz Otomotiv Turkey, is appointed as the Chief Financial Officer, Mercedes-Benz India.
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