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Subscribe to enjoy similar stories.The Indian currency has been experiencing sharp depreciation amid the West Asian crisis, driven largely by rising energy prices and moderating capital flows. That said, the weakness of the Indian rupee has been a persistent concern over the past year, even before the conflict began. It has depreciated by about 11% over the past year, with about 5% of this value loss having occurred after the US-Iran war began on 28 February.The main concern for the rupee is India’s weak balance-of-payments position.

Subscribe to enjoy similar stories.Two centuries and a half ago, Adam Smith used the example of a pin factory in The Wealth of Nations to explain how capitalism uses division of labour to boost productivity by splitting production into specialized tasks done by workers paid to work in close coordination for efficiency. But what happens to this model if AI agents run factories and companies?Andon Labs, a US-based startup, runs a cafe where tasks like inventory control, hiring, scheduling and operations are supervised by Mona, an AI agent powered by Google Gemini, even as human baristas brew and serve coffee.

Subscribe to enjoy similar stories.The diplomatic stalemate between the US and Iran has spiralled into one of the most severe energy crises in modern history. The failure to secure a breakthrough agreement has left the global energy market reeling from an unprecedented supply shock, with policymakers appearing as helpless as cats chasing the shadows of birds overhead.The West Asia conflict and blockade of the Strait of Hormuz triggered a historic drain on global oil inventories, which plunged by 246 million barrels across March and April alone.

Subscribe to enjoy similar stories.In his first speech as chief minister of Tamil Nadu, Joseph Vijay said in Tamil, “I have known poverty; I’ve known hunger. I am not from some royalty.” This whole country seems to be filled with self-made men. Except that most of them may not be at all.

Subscribe to enjoy similar stories.Jim Courier, former World No.1, called it the revenge tour. Last year, Jannik Sinner missed out on some of the biggest events on the tennis tour—Indian Wells, Miami, Monte Carlo and Madrid—since he was serving a three-month doping ban.

Subscribe to enjoy similar stories.Through the dotcom bust, the 2008 crisis, demonetization, the Covid crash, the Ukraine war, and every oil shock in between, my answer in this column has been almost monotonously the same. Stay the course. Don’t react to the news.

Subscribe to enjoy similar stories.IT WAS A tale of two summits. Meeting in China for the first time since 2017, Donald Trump and Xi Jinping committed to stabilising relations and suggested that they had reached new agreements on trade and other areas.

Subscribe to enjoy similar stories.US President Donald Trump’s description of his China visit as “very successful” and “unforgettable” may be as self-congratulatory as his claims of victory over Iran.Trump, in his own telling, had a successful stay in Beijing during a presidential visit that came after nearly a decade and at a crucial juncture in American diplomacy.Having painted himself into a corner by underestimating a sanctions-hit Iran, which now has the world economy in a chokehold through the Strait of Hormuz, he was clearly hoping to secure the Asian giant's help in ending the impasse, not just for favourable economic deals.He claimed to have concluded several trade deals, including an order for 200 Boeing jets that could rise to 750 if the aircraft maker performs well. China also agreed to purchase 400-450 engines from General Electric, he added.Except there were no mentions of these by his host, Chinese President Xi Jinping, whom Trump described as an “incredible guy” to Fox News reporters on 15 May while returning home.In fact, his 14 May meeting with Xi at the Great Hall of the People suggests he may have been told, politely, that he no longer holds all the cards.A Chinese readout said Xi noted that “transformation not seen in a century is accelerating across the globe, and the international situation is fluid and turbulent.

Subscribe to enjoy similar stories.Daniel Rice is a personal trainer in Los Angeles, a job that gives him a front-row seat to the physique coveted by today’s American man. Rice recalls the washboard abs of the ’90s; the athletic build of the early 2000s; the quest, in the 2010s, for tiny waists and huge biceps.Now “the guys all want thick thighs and a bigger butt,” he says.

Subscribe to enjoy similar stories.How do you become a vessel for the exiled? In an effort to take displaced bodies (back) to a land from which they have been banned, multimedia Palestinian artist Emily Jacir travelled to West Bank and Gaza between 2001 and 2003. Her American passport allowed her access to cities like Jerusalem, Haifa, Nazareth, Jericho, Ramallah, Bayt Lahia, the villages of Dayr Rafat and Dhinebeh, among other places.

Subscribe to enjoy similar stories.Persistent tensions in West Asia and a worsening energy crisis at home dragged Indian equities to their worst weekly performance in two months. The Nifty 50 ended the week 2.2% lower at 23,643.50, while the Sensex fell 2.7% to 75,237.99.

Subscribe to enjoy similar stories.Tata Cliq, the flagship e-commerce platform of Tata Group, is focusing on premium brands, luxury shopping, and franchising marquee international brands in India as the size and scope of the country's e-commerce business grow rapidly.The company is betting on the upcoming India launch of the US premium athleisure brand Lululemon, expanding its luxury offerings, and introducing new categories such as supplements and other wellbeing products.This comes at a time when India’s e-commerce sector, with major players such as Amazon, Flipkart, and Meesho, continues to battle for scale while offering deep discounts. Tata Cliq is positioning itself around affluent consumers, curated offerings and premium experiences.Tata Cliq, which has been in business for ten years, is preparing to launch the first few stores of Lululemon in three months, chief executive Gopal Asthana told Mint.

Subscribe to enjoy similar stories.In the decades since China joined the world economy, U.S. presidents have traveled to Beijing with a predictable list of demands: stop stealing American intellectual property, don’t force technology transfer, open your markets. Donald Trump followed the script on his previous visit in 2017.Whether he does so again this week, it would be pointless.

Subscribe to enjoy similar stories.There is a palpable fear among American workers that artificial intelligence (AI) is coming for their jobs. The answer to that fear, as I’ve argued, is to make job loss less scary by building a new unemployment programme. An overhaul is long overdue, and it would help not only a vulnerable labour market but also workers whose fears are realized.But would it be enough?AI job loss is not happening in a bubble.

Subscribe to enjoy similar stories.MUMBAI: The US market regulator’s $18-million settlement of a civil case against Indian billionaire Gautam Adani and nephew Sagar Adani has no immediate bearing on a parallel criminal investigation initiated against them by the US Department of Justice (DoJ).The Securities and Exchange Commission (SEC) and the Adanis acknowledged that the settlement does not grant them immunity from any criminal liability related to the case, they said in their filings with a New York court.“This settles the civil action brought by the Securities and Exchange Commission. It has no implications for the existing criminal charges brought by the DoJ or any other criminal investigation that may be pending,” said Russell A.

Subscribe to enjoy similar stories.Having DISCOVERED the costs of tariffs, President Donald Trump has now discovered the costs of war. On March 9th he declared that his campaign against Iran would be over “very soon”, sending oil prices, which had peaked at nearly $120 a barrel the day before, crashing to nearly $80 (before the war they had been $70).

Subscribe to enjoy similar stories.As Donald Trump and Xi Jinping engage in high-stakes talks in Beijing, the underlying context is that global imbalances are widening again, with the US and China at the centre. But the central economic problem between the world’s two big economies is being misdiagnosed.The US–China imbalance is not fundamentally a trade policy problem. It is a structural macroeconomic imbalance rooted in savings, investment, fiscal choices and the architecture of the international monetary system.

Subscribe to enjoy similar stories.The launch of ChatGPT in 2022 ignited the artificial-intelligence boom—and elicited a chorus of warnings from AI bosses of an impending jobs apocalypse. Never mind that they have reason to talk up the disruptiveness of their products, or that rich-world employment is near all-time highs—the dark message has landed. Seven in ten Americans think AI will make it harder for people to find work; nearly a third fear for their own jobs.

Subscribe to enjoy similar stories.Tata Motors Passenger Vehicles Ltd’s FY26 earnings showed that the domestic business is firing on all cylinders, but Jaguar Land Rover’s troubles continue to overshadow the gains.The domestic business benefited from the post-GST 2.0 demand recovery, particularly in SUVs, EVs and CNG vehicles. Nexon and Punch continued to see strong traction, while recent launches such as Sierra and the refreshed Punch.ev added momentum.The result: Tata Motors clocked an industry-beating 15% year-on-year (YoY) growth in sales volumes to more than 640,000 units in FY26, making it the second-largest passenger vehicle (PV) player in H2FY26.

Subscribe to enjoy similar stories.A few years ago, on a boat ride in Hong Kong, Nimesh Chandan, CIO of Bajaj Finserv AMC, was battling motion sickness. A friend told him: focus on the horizon.

Subscribe to enjoy similar stories.Honda Motor managed to stay profitable through a global financial meltdown, natural disasters, a safety crisis and the pandemic. Then came America’s electric-vehicle whiplash.The Japanese company, the fifth-largest automaker in the U.S. by sales, is confronting some of the steepest challenges it has faced in its nearly seven decades as a public company.