Business News - Page 11
Anthropic accuses Alibaba of largest-known AI model theft attempt, cites 28.8 million Claude queries
Anthropic has accused Alibaba and its Qwen AI unit of using nearly 25,000 fake accounts to generate 28.8 million Claude interactions in what it calls the largest-known AI distillation campaign aimed at replicating its technology
30 ships through, 26 waiting: What Hormuz's reopening means for India
Thirty India-linked vessels have crossed the Strait of Hormuz safely while 26 more await passage, offering relief for India's energy imports but highlighting the country's continued dependence on one of the world's most vulnerable maritime chokepoints
South Korean chipmaker SK Hynix jumps 11% as investors cheer $29 billion Nasdaq listing plan
SK Hynix shares surged 11 per cent after the AI memory-chip leader unveiled plans for a $29.4 billion Nasdaq listing, one of the largest stock offerings ever attempted
Why aren't gasoline prices falling? Trump says Exxon, Chevron among firms under probe
US President Donald Trump has accused oil giants of failing to pass on lower crude prices to consumers, saying Exxon Mobil and Chevron are among companies being investigated as gasoline prices remain stubbornly high despite a sharp retreat in oil prices
What is the Sunset Clause that India may demand in its trade deal with the US?
As India and the US edge closer to a landmark trade agreement, New Delhi may reportedly be pushing for a Sunset Clause to protect itself from future shifts in American trade policy. Here's what the provision means, why India wants it, and how it could shape bilateral trade and market access
Amazon bets big on quick commerce, plans to expand Amazon Now to 300 cities across India
Amazon CEO Andy Jassy says India’s delivery-in-minutes model is the company’s fastest-growing e-commerce business unit, with learnings now being scaled globally.
India, US push trade talks forward as Goyal hails ‘constructive’ discussions
Commerce Minister Piyush Goyal said India and the United States explored ways to deepen economic ties during a meeting with US Trade Representative Ambassador Jamieson Greer and his delegation.
Energy security now India’s biggest upstream priority amid global oil market reset, says S&P Global
As geopolitical risks and supply disruptions reshape global oil markets, India must diversify upstream assets, boost domestic production and secure overseas energy resources to reduce vulnerability.
Trading was halted twice as South Korea's market meltdown sends Kospi on a roller-coaster ride
South Korea's stock market suffered one of its most volatile sessions in years, with trading halted twice as a global AI-driven tech sell-off triggered sharp swings in Samsung, SK Hynix and the Kospi index amid rising concerns over US interest rates
India’s AI edge grows as J.P. Morgan ranks country among top AI-ready nations
India trails only the US and China in AI readiness while its equity market remains among the world’s least concentrated, highlighting the country’s rising position in global technology and capital markets.
Nine years after launch, GST wins over Corporate India — but the wish list is growing
A Deloitte survey finds GST now enjoys near-universal acceptance among businesses, but Corporate India wants faster refunds, fewer disputes and AI-powered compliance reforms
‘Customers are being gouged’: Trump orders probe as gas prices stay high despite oil slump
US President Donald Trump ordered a DOJ probe into oil companies, accusing them of “gouging” consumers by keeping gasoline prices high even as crude oil prices tumble
UAE beats Hormuz disruption as oil exports rebound to 85% of pre-war levels
UAE oil exports have recovered to nearly 85 per cent of pre-war levels, showcasing the country's ability to navigate Hormuz disruptions through pipelines, storage facilities and strategic shipping operations
Indonesia wins time, not trust, as MSCI extends emerging-market review
Indonesia has retained its emerging-market status for now after MSCI extended its review until November, but concerns over transparency, market accessibility and investor confidence continue to cast a shadow over Southeast Asia's largest economy
Over 1,200 ships, $125 billion in goods stuck as Hormuz closure rattles global trade: Report
The prolonged closure of the Strait of Hormuz has stranded more than 1,200 ships carrying goods worth an estimated $125 billion, prompting shipping firms and insurers to rethink global trade routes and maritime risks
Alibaba strikes back: Chinese tech giant sues US over Pentagon blacklist, rejects claims of military ties
Alibaba has sued the US government after being placed on a Pentagon blacklist of companies allegedly linked to China's military, arguing the designation is baseless, harmful to its business and unsupported by evidence.
India to sell up to 2% stake in railway financier IRFC, may raise over Rs 2,300 crore
The Centre will sell up to a 2 per cent stake in IRFC through an offer for sale at Rs 91 per share, a move that could raise more than Rs 2,300 crore and support its FY27 disinvestment goals
India to resume train coach exports to Bangladesh; first shipment since Hasina's ouster likely in July
India is likely to export a rake of up to 20 railway passenger coaches to Bangladesh in July, the first such shipment since Sheikh Hasina's ouster, as a Rs 915 crore RITES contract returns to schedule after political delays
US manufacturing activity hits 4-year high in June; factory jobs fall to lowest since 2020
S&P Global PMI data showed US factory activity expanded for the fourth straight month as companies rushed orders to avoid potential shortages and price hikes, even as manufacturers cut jobs amid rising input costs.
Sensex crashes 893 pts, Nifty slips below 23,850 as IT, banking stocks drag markets lower
Weakness across IT, metals and financial stocks weighed on Dalal Street, while pharma and healthcare shares offered some support amid cautious sentiment.
Retail investors fuel India’s market resilience as SIP flows jump 48%: JP Morgan
Despite muted Nifty gains and $36 billion foreign investor outflows, SIP inflows jumped 48% YoY to Rs 31,000 crore in May 2026, highlighting India’s growing financialisation wave.
UK grocery inflation cools to 3 per cent as Iran war price shock fears ease
Worldpanel data shows UK grocery price pressures easing in June; Lidl and Ocado lead sales growth while Tesco slows and Asda loses market share
‘New India does business differently’: Piyush Goyal outlines gains from UK trade pact
Commerce Minister Piyush Goyal says the India-UK trade pact will create opportunities for farmers, MSMEs, exporters and professionals while protecting sensitive domestic sectors, calling it a model for how “New India does business”
Gulf tensions disrupt global travel routes, but demand stays resilient despite rising airfares: McKinsey
Geopolitical unrest in the Middle East is altering tourism flows, hitting Gulf aviation hubs and pushing travellers towards safer destinations, even as global appetite for travel remains strong
AI rally hits a wall: South Korea’s Kospi plunges 10%, triggers trading halt
South Korea's Kospi plunged nearly 10 per cent on Tuesday, triggering a trading halt as investors dumped AI-linked chip stocks such as Samsung Electronics and SK Hynix, raising concerns that the global artificial intelligence rally may be overheating.
India’s private sector hits three-month low amid softer demand and cautious hiring
India’s private sector growth slowed to a three-month low in June as demand softened, hiring weakened and business confidence fell, although easing inflation pressures offered some relief
China’s austerity gamble: Fiscal deficit narrows for first time in over two years despite slowing growth
China’s fiscal deficit narrowed for the first time in more than two years as Beijing tightened spending despite slowing growth, weak consumer demand and a prolonged property downturn, signalling a continued focus on fiscal discipline over broad stimulus
RBI sees inflation under control despite global turmoil, cites India’s strong fundamentals
The RBI says India remains well-positioned to weather global uncertainty, citing anchored inflation, strong economic growth, fiscal discipline and robust external-sector buffers despite recent energy-market volatility
A boom built on fear? Iran war stockpiling powers Japan's strongest factory growth in four years
Japan's manufacturing sector expanded at its fastest pace in more than four years in June as businesses stockpiled supplies amid fears of disruptions and rising costs linked to the Iran war, boosting factory orders and hiring despite persistent inflationary pressures
Can words stop yen’s slide? Japan and US reaffirm readiness for market intervention
Japan and the United States have reaffirmed their readiness to act against excessive currency volatility as the yen hovers near a 40-year low, but markets remain sceptical that verbal warnings alone can halt its decline