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Masayoshi Son will announce a $100 billion investment in the U.S. over the next four years during a Monday visit to U.S. President-elect Donald Trump's residence Mar-a-Lago, CNBC reported on Monday. Son will also promise in the joint announcement with Trump to create 100,000 jobs focused on artificial intelligence (AI) and related infrastructure, with the money to be deployed before the end of Trump's term, CNBC said, citing sources. The funding could come from various sources controlled by SoftBank, including the Vision Fund, capital projects or chipmaker Arm Holdings, CNBC said.

Economists surveyed last week by the Financial Times edged up their forecasts for the federal funds rate next year compared to a previous survey in September.  According to the poll, most respondents said in September they expected the rate would fall to 3%-3.5% by the end of 2025. However, last week's survey revealed that the vast majority now estimate it will settle at 3.5% or above at this time next year.  The majority (65%) of those surveyed indicated the funds rate range is forecast to be at 3.5%-4% at the end of next year, up from the just over 20% of respondents who agreed w...

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Indian commercial banks wrote off ₹12.3 lakh crore in loans between the 2014-15 and 2023-24 financial years, according to government data presented in Parliament. Public sector banks accounted for ₹6.5 lakh crore of these write-offs in the last five years (FY20-24), a ToI report said on December 16. Write-offs peaked at ₹2.4 lakh crore in FY19 following an asset quality review. They dropped to ₹1.7 lakh crore in FY24, representing 1% of the total outstanding bank credit. Public sector banks hold a 51% share of new loans, down from 54% in FY23. As of September 30, 2024, gross non-performing assets (NPAs) for public sector banks were ₹3,16,331 crore (3.01% of outstanding loans), and ₹1,34,339 crore (1.86% of outstanding loans) for private sector banks. State Bank of India wrote off ₹2 lakh crore during the ten-year period, while Punjab National Bank wrote off ₹94,702 crore. Public sector banks wrote off ₹42,000 crore in the first half of the current fiscal year.

Colgate-Palmolive (India) Ltd. 1.37 per cent to Rs 2831.35 in Monday's trade as of 01:59PM (IST). The stock hit a high price of Rs 2899.95 and low of Rs 2827.30 during the session. The return on equity (ROE) for the stock stood at 70.54 per cent. Traded volume on the counter stood at 01:59PM shares and turnover at Rs 0.69 crore around that time. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high price of Rs 3893.00 and 52-week low prices of Rs 2350.65, respectively.

GAIL (India) Ltd. traded 0.6 per cent up at Rs 203.80 at around 02:04PM (IST) on Monday. The stock had closed at Rs 205.05 in the previous session. Equity benchmark Sensex traded 334.99 points at 81798.13 around the same time.

Subscribe to enjoy similar stories. Coforge Ltd stock has delivered mouth-watering returns to its investors in a matter of months. On Monday, the tier-2 IT services stock hit a new 52-week high of ₹9,354.

manufacturing sector recorded a steady 5.6% compound annual growth rate (CAGR) in compensation for contractual workers between fiscal years 2021 and 2024, according to the findings of a TeamLease Services report released on Monday. This rise is attributed to inflation, the growing demand for skilled labour and the need for competitive pay to address high attrition rates, said the report, titled ‘A Staffing Perspective on Manufacturing’. The report sheds light on the challenges and opportunities facing the contractual workforce as the sector aims for a $1 trillion valuation by 2025-26.

LG Electronics Inc. is considering increasing the valuation of its Indian unit to as much as $15 billion in a planned listing in Mumbai next year after initial feedback from analysts and investors, according people familiar with the matter. The South Korean company is planning to start a formal roadshow for LG Electronics India Pvt.’s IPO within the next two months and is targeting a listing in the first half of 2025, the people said, asking not to be identified because the information is private. The company had earlier eyed a valuation of around $13 billion, Bloomberg News reported in September.

EV charging demand and to achieve the mission of over 30 per cent electrification, as per a report by industry body FICCI. According to the 'FICCI EV Public Charging Infrastructure Roadmap 2030' put out on Monday, to achieve profitability and scalability, India needs to aim for higher utilization of charging stations. The report further suggests that the top 40 cities could be prioritized for scaling up public charging infrastructure. The report argued that those top cities are expected to have higher EV penetration in the next 3-5 years given the current EV adoption rate, and favourable state policies.

bank meetings this week largely trumped a rise in heavyweight chip-related shares. The Nikkei erased early gains to close down 0.03% at 39,457.49, while the broader Topix shed 0.3% to 2,738.33.

When Donald Trump takes office as president for a second time, many journalists anticipate a hostile climate toward them and their work

China has reported its economy logged a mixed performance in November, with retail sales slowing as consumers refrained from spending on non-essentials like cosmetics, alcohol and jewelry

Subscribe to enjoy similar stories. A few days ago, Signzy, a popular Know Your Customer (KYC) verification service used by India’s top banks and fintech firms, was affected by a cyber attack that may have exposed the sensitive personal information of millions. Our lack of safeguards for data that businesses collect and process is an urgent problem waiting to be addressed.

HDFC Asset Management Company Ltd. traded 0.13 per cent up at Rs 4543.45 at around 12:01PM (IST) on Monday. The stock had closed at Rs 4537.50 in the previous session. Equity benchmark Sensex traded 500.73 points at 81632.39 around the same time.

Bank of Baroda 0.07 per cent to Rs 258.05 in Monday's trade as of 11:51AM (IST). The stock hit a high price of Rs 259.70 and low of Rs 255.75 during the session. The return on equity (ROE) for the stock stood at 15.67 per cent. Traded volume on the counter stood at 11:51AM shares and turnover at Rs 5.69 crore around that time. The stock of Bank of Baroda quoted a 52-week high price of Rs 298.45 and 52-week low prices of Rs 214.85, respectively.

Siemens Ltd. traded 1.12 per cent in Monday's trade at 10:45AM (IST). Around 2,326 shares changed hands on the counter. The scrip opened at Rs 7895.50 and touched an intraday high and low of Rs 8026.00 and Rs 7893.75, respectively, in the session so far. The stock of Siemens Ltd. quoted a 52-week high of Rs 8129.95 and a 52-week low of Rs 3817.00.

Info Edge (India) Ltd. 1.1 per cent to Rs 8799.55 in Monday's trade as of 10:50AM (IST). The stock hit a high price of Rs 8825.10 and low of Rs 8684.80 during the session. The return on equity (ROE) for the stock stood at 1.91 per cent. Traded volume on the counter stood at 10:50AM shares and turnover at Rs 1.54 crore around that time. The stock of Info Edge (India) Ltd. quoted a 52-week high price of Rs 8825.10 and 52-week low prices of Rs 4843.10, respectively.

Subscribe to enjoy similar stories. The payloads SpaceX launches into the heavens for the U.S. military and spy agencies are usually treated as a government secret, shared only with select employees at the rocket company who hold special security clearances.

Subscribe to enjoy similar stories. THERE WAS joy and horror and anguish all at once. Many of the detainees freed from Saidnaya, the most notorious prison in Syria, were husks: skeletal frames, vacant stares.

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