MUMBAI: A cup of ice cream or an artisanal chocolate bar, sweet treats this summer, will pinch your pockets because the West Asia war has thrown supply chains in disarray. For one, the US-Iran conflict is creating problems for companies. Prices of key ingredients, such as dry fruits and nuts, used to add flavour and…

Gold buying during one of the major festive occasions remained subdued on Sunday, as record-high prices discouraged jewellery purchases, outweighing a slight rise in investment-led demand. The festival of Akshaya Tritiya—considered the second most significant gold-buying occasion after Dhanteras—was marked across the country, with buying precious metals traditionally seen as a sign of prosperity. According…

NEW DELHI: The Indian economy is seen to be relatively better placed to face the impact of the West Asia crisis, two global agencies said on Tuesday.The International Monetary Fund’s (IMF) latest World Economic Outlook revised upwards India’s growth projection for the current fiscal year to 6.5%, against 6.2% estimated earlier, citing the strong momentum…

Epic Games on Tuesday said it will lay off more than 1,000 employees as the video game publisher moves to cut costs amid industry-wide pressures and company-specific challenges, AP reported.The Cary, North Carolina-based company said the job reductions are not linked to artificial intelligence, but reflect slower growth in the gaming sector, weaker consumer spending…