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Business News - Page 12

SpaceX loses $400 billion in a day as rate fears puncture AI-fuelled rally

SpaceX lost $400 billion in market value on Monday as rising US bond yields and growing concerns over AI spending triggered one of the largest single-day valuation wipeouts in corporate history

Domino’s names Joe Jordan CEO as pizza giant confronts softer demand

Domino’s Pizza has named longtime executive Joe Jordan as its next CEO, betting on an experienced insider to steer the company through slowing consumer spending, mounting competition and a challenging growth environment

From CRED to WhatsApp: Kunal Shah reflects on his journey to becoming WhatsApp's global CEO

Ahead of his move to Meta as WhatsApp’s new global chief, Cred founder Kunal Shah reflected on his entrepreneurial journey following the social media giant’s $900 million investment in the fintech startup

Geopolitical jolt: How airspace closures and global conflict are hurting Indian carriers

Indian airlines have dropped over 15 international destinations, with Air India and IndiGo leading the cancellations from June-July until the end of September.

Crude cools below $80 as US-Iran breakthrough calms supply worries

Oil prices retreated after Washington and Tehran made progress in high-level negotiations, with Iran securing export waivers that could bring additional crude supplies back into global markets

Fuel prices fall, but airfares may stay high as airlines protect margins

Airlines are set to save billions as jet fuel prices fall following the US-Iran peace deal, but tight capacity, strong travel demand and a focus on rebuilding margins could keep airfares elevated

AI boom to fuel India’s data centre surge, Goldman Sachs highlights key growth drivers

India is emerging as one of Asia’s fastest-growing data centre markets, powered by rising artificial intelligence (AI) demand, favourable demographics, a large engineering talent base and its strategic location close to the Middle East, according to Goldman Sachs Research.

From near-bankruptcy to chip king: SK Hynix eclipses Samsung in market value

AI-driven demand for high-bandwidth memory chips has propelled SK Hynix past Samsung Electronics, capping one of South Korea's most remarkable corporate turnarounds

Fed up with fossil fuel shocks, global firms worth $1.5 trillion push for an electrified economy

A coalition of 112 companies with combined annual revenues of $1.5 trillion, including Nestle, Ikea and Uber, has urged governments to accelerate electrification, arguing it is essential for energy security, competitiveness and protection from fossil fuel price shocks

China strikes back: Export controls hit 10 US firms, procurement ban expands to 46 companies

China has imposed export controls on 10 US firms and barred 46 American companies from Chinese government procurement, escalating tensions with Washington in the latest round of technology, defence and critical minerals-related retaliation

Japan's $2.3 trillion growth gamble: AI, chips and space to power its economy through 2040

Japan plans a 370 trillion yen ($2.3 trillion) public-private investment drive across AI, semiconductors, space and other strategic sectors by 2040, as Prime Minister Sanae Takaichi seeks to boost growth, strengthen economic security and attract long-term private capital

UK jobs data error: ‘Artificially dampen’ labour market changes, dealing fresh blow to data credibility

Britain's statistics office admits a jobs survey error that could "artificially dampen" labour market changes, raising fresh concerns over data quality and complicating Bank of England policymaking

Oil jumps as Iran closes Strait of Hormuz again, casting shadow over US-Iran peace talks

Oil prices rose more than 1 per cent after Iran reimposed restrictions on the Strait of Hormuz, disrupting shipping traffic and raising concerns over global energy supplies despite the start of US-Iran peace talks

Ukraine strikes trigger fuel crisis in Crimea as Russia suspends civilian gasoline sales

Ukrainian forces have repeatedly targeted fuel supplies to Crimea in recent weeks, triggering the worst energy crisis in the region since it was illegally annexed by Russia in 2014.

India’s oil lifeline secured as 3 tankers carrying 860,000 tonnes transit Strait of Hormuz

Three Indian-flagged vessels carrying over 860,000 metric tonnes of crude oil have safely crossed the Strait of Hormuz after a US-Iran ceasefire agreement eased shipping concerns.

India takes FATF vice presidency: Why does this global watchdog matter so much?

India has been elected vice-president of the Financial Action Task Force (FATF) for the first time since joining the body in 2010, with IAS officer Vivek Aggarwal leading the position. Here's everything you need to know about the global watchdog, its role in fighting terror financing and money laundering, and why India's new position matters

Project Sunrise: What the longest flight from Sydney to London will feel like

Qantas is preparing to launch the world's longest non-stop commercial flight, connecting Sydney and London in up to 22 hours. From wellness zones and jet lag-reducing lighting to redesigned cabins and premium-heavy seating, here's everything passengers can expect aboard the ambitious Project Sunrise service

Nipun Aggarwal or Vinod Kannan: Who will lead Air India through its biggest challenges yet?

Air India is nearing a crucial leadership decision as Tata Group evaluates Nipun Aggarwal and Vinod Kannan for the CEO role. The next chief executive will inherit a carrier navigating financial losses, fleet expansion, operational challenges, and the aftermath of the Ahmedabad crash investigation

Iran presses its advantage after US deal, but victory narrative collides with economic reality

As Iranian media boast of the “magnificent defeat” of the United States, Tehran is pressing its advantage, racing to sell oil under the interim peace agreement signed this week and trying to halt Israeli attacks in Lebanon.

From Middle East oil to Indian sunshine: Anant Ambani charts RIL’s new energy future

Anant Ambani outlines RIL’s energy transformation roadmap with focus on self-reliance, new energy, green ammonia and making Jamnagar the world’s first autonomous refinery.

Jio eyes sovereign satellite capability for India; Reliance Intelligence to power AI ambitions

Reliance AGM 2026: Akash Ambani says Jio is exploring sovereign LEO satellite capability for India and building infrastructure to support its next phase of digital growth.

Jio IPO gets RIL Board nod, Mukesh Ambani says ready for next phase of growth

Jio completes 10 years with 524 million users as Reliance bets on AI, 5G and next-generation digital platforms for future growth

Gold loses shine: Imports fall 39 per cent after duty hike, ETFs record rare outflows

India’s gold imports plunged sharply after the government raised import duty to 15 per cent, while gold ETFs witnessed their first monthly withdrawal in over a year amid changing investor sentiment, says World Gold Council.

Why did Accenture's stock crash to a 9-year low?

Accenture's shares have fallen to their lowest level since 2017 after weak bookings, reduced growth guidance, slowing outsourcing demand and rising concerns over AI's impact on traditional consulting. The selloff rattled global markets and also triggered sharp declines across Indian IT stocks

From Iran shock to oil security: ONGC’s Rs 15,000 crore plan to boost India’s crude reserves