US Business

Only 47 per cent of US firms were optimistic about their five-year China business outlook, a drop of five percentage points from last year, according to the survey

Inventories increased 2.1 per cent year-on-year in June

Companies are speedily ramping up investments in generative AI and realising rapid returns, according to research from Infosys Knowledge Institute (IKI), which forecast that companies will hike GenAI investments by 67 per cent in 2024. This translates to a conservative estimate of USD 6 billion to be invested by the US and Canadian companies in the next year, the findings of the research by IKI said. Infosys Knowledge Institute (IKI) is the research arm of Indian IT services company Infosys. "North American businesses plan to invest 67 per cent more in Generative AI in 2024 to drive efficiency, experience and growth," said the release citing Infosys Research. Enterprise leaders are taking a pragmatic view of GenAI, which may mitigate the reality check the broader GenAI market will likely face in the coming year, it added. The report found that Generative AI (GenAI) is not constrained by traditional innovation barriers, and that companies expect GenAI to deliver operational ...

The U.S. dollar index - which measures the currency against six major counterparts - was down 0.06% at 103.53

Monday's tepid survey data supported evidence that the US economy was still growing as the third quarter began, but at a slower rate from the April-through-June period

Retail inventories rose 0.7% in May instead of 0.8% as estimated in an advance report published last month. They climbed 0.3% in April

Union Minister for Culture, Tourism and Development of North Eastern Region (DoNER) G Kishan Reddy invited US businesses and companies to invest in India's vibrant and diverse tourism sector. Reddy, who arrived here on Thursday for a five-day visit, sought investment while addressing a community reception organised at the Consulate General of India in New York. The minister will deliver a keynote address at the ongoing High-level Political Forum at the UN headquarters on Friday, besides attending various official and community engagements, he said in a tweet on Thursday. In his address at the Consulate to Indian-American community members and diaspora, Reddy highlighted the economic growth in India, Make in India initiatives of the Narendra Modi government, the start-up ecosystem in the country as well as various measures being undertaken to boost industries, including tourism, across the country. He asserted that the government has created an enabling environment through policies

S&P Global said on Tuesday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, rose to a reading of 54.5 this month

The US has also proposed possible business-academia tie-ups to increase the availability of skilled workers and consultations with business and worker associations to develop policies

The economic growth of India offers an opportunity for US businesses and advancing the bilateral trade ties might be one of the most important projects of the time, the president of a top American trade body has said. President of the US India Business Council (USIBC) Atul Keshap said on Wednesday that US' business-to-business ties with India are directly creating good jobs for the American middle class. He said this year saw US-India bilateral trade cross USD 190 billion, and with that American exports of industrial machinery, pharmaceuticals, and electronics equipment, all increased. As India continues to grow, its economy will become more essential for American businesses. As its population urbanises and enters the global middle class, its appetite for American goods, innovation, and culture will only expand, he said at an event here on Wednesday. Keshap said as India pursues its ambitions of becoming a global manufacturing hub, its demand for the best American industrial equipm

S&P Global said its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 53.5 this month

In a Q&A, the firm's US business head and its group CFO talk about their plans to scale the specialty products business further, and dwell on the company's strategies post-pandemic

Glenmark Pharmaceuticals expects growth of its US business to be flat or at low single digit in 2022-23 amid challenges of price erosion and unpredictable product approval by the USFDA, according to a senior company official. The company's North America business, including the US, recorded a revenue of Rs 662.8 crore in April-June 2022 as compared to Rs 787.8 crore in the year-ago period, down 15.9 per cent. It accounted for 23.9 per cent of consolidated sales in the quarter. In the first quarter, Glenmark's consolidated revenues from operations stood at Rs 2,777.3 crore as against Rs 2,964.9 crore in the corresponding period last year, a decline of 6.3 per cent. "We are looking at flat to low single-digit growth in the US for FY23 compared to FY22," Glenmark Pharmaceuticals Ltd CEO - Global Formulations business Brendan O' Grady told analysts. He was responding to a query on the outlook for the US business and reasons for decline in sales in the country. "The US business is ...

Wall Street's main indexes opened higher on Friday, extending a recovery from the previous session, as attention shifted to business surveys at the end of a volatile week of trading.

While the stock has corrected, valuations leave little room for upside

This should reverse the US underperformance in FY15-20 with margins too moving up sharply

Trump administration released the names of over 10 million businesses and individuals that took pandemic aid, providing more transparency for programs which officials say have been plagued by fraud

Good momentum in US and domestic sales, along with Covid-19 treatment portfolio is already driving analysts to upgrade earnings estimates

The bilateral trade between the two countries grew from $126 billion in 2017 to $145 billion in 2019.

Told Trump clampdown on such firms should be greater priority than reining in Facebook