Boeing workers at three Midwest plants where military aircraft and weapons are developed voted Sunday to reject the companys latest contract offer and to continue a strike that started almost three months ago.
Global central banks are reducing US Treasury holdings and increasing gold reserves. India's gold reserves surpassed $100 billion. Gold prices experienced a significant drop, which is expected to boost demand from investors and central banks. This shift indicates a diversification strategy amid political uncertainty. The trend shows a move away from dollar assets towards gold.
Toru Nakashima, the global CEO of Sumitomo Mitsui Banking Corporation, recently engaged with employees at Yes Bank, emphasizing his commitment to their future. He conveyed a message of confidence regarding job security and anticipated growth, following SMBC's recent acquisition of a 20% stake in the bank.
India is set to launch the Pradhan Mantri Kaushal Mudra Yojana (PMKMY) in the upcoming Budget 2026-27, a five-year scheme to fund workforce skilling. This initiative aims to provide broader access to high-end training, particularly for emerging sectors, and ensure resources reach women, rural youth, and persons with disabilities.
Radhakishan Damani, Indias low-profile billionaire and Retail King, appears to have exited his decade-old stake in Tata Groups retail arm, Trent. His holding, once 2.74% in 2010, has fallen below 1% in the September 2025 quarter. Damanis exit follows years of stellar business and stock performance, sparking fresh speculation on Dalal Street about the rationale behind the move.
Goldman Sachs turned bullish on Indias defence sector after DAC cleared Rs 790 billion in new projects, naming PTC Industries, Bharat Electronics, and Solar Industries as top picks. The brokerage sees up to 46% upside, citing strong order visibility and expanding opportunities in naval and missile systems.
Allies and opponents of Mayor Brandon Johnson are voicing reservations about his idea to pull money out of tax-increment financing districts around the city.
