Economic Times04.05.2026BusinessIndia
BackDirect tax mop-up misses FY26 target; Collections rise 5%
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يتطور·41 dk önce
American Bitcoin's Crypto Strategy Leads to Stock Slump and Reverse Split
American Bitcoin Corp., co-founded by Eric Trump, has seen its shares plummet over 95% from their peak, erasing over $600 million from his stake. The company underwent a 1-for-15 reverse stock split to maintain its Nasdaq listing, hitting an all-time low stock price. This downturn highlights a shift in investor preference from pure crypto mining to companies repurposing infrastructure for AI data centers.
Economic Times
يتطور·45 dk önce
India's Fuel Retailers Face Cooking Gas Glut After Over-Booking
Indian fuel retailers have excess cooking gas supplies due to over-booking cargoes amid Persian Gulf disruptions and increased domestic production. Slow demand recovery from large consumers has led to storage issues and penalties.
Economic Times
يتطور·54 dk önce
Samsung Restructures Indian Operations to Boost Home Appliance Profitability
Samsung is restructuring its Indian home appliance operations to improve profitability amid slowing smartphone demand and rising component costs. The move aims to eliminate operational layers and overlapping functions, potentially leading to job losses, and may be replicated globally.
Economic Times
يتطور·2 sa önce
India's Middle Class Drives Growing Dollar Spending
India's expanding middle class is significantly increasing spending on foreign goods and services, making international travel, overseas education, digital subscriptions, and imported electronics major drivers of dollar demand. This trend reflects deeper global economic integration, though oil imports remain the largest forex expenditure.
Economic Times
يتطور·2 sa önce
India's Micro-Irrigation Adoption Gap: Bridging the Divide for Water Security
India faces economic losses from water scarcity. While micro-irrigation boosts farmer profits and yields, adoption lags, especially among smallholders. Effective strategies include field demos, peer learning, and local water ambassadors, coupled with financial incentives and ongoing support.
Economic Times
Business·2 sa önce
Walmart Heiresses Nancy Walton Laurie and Ann Walton Kroenke Live Vastly Different Lives of Wealth
Walmart heiresses Nancy Walton Laurie and Ann Walton Kroenke showcase extreme wealth through vastly different means. Laurie owns the $300 million megayacht Kaos, while Kroenke commands the Waggoner Ranch, a 510,000-acre Texas property.
Times of India