Business News - Page 19
India approves Rs 10,000-crore support for aviation fuel as Iran war hits airlines
As airlines face soaring fuel prices due to the West Asia war, the Union Cabinet has approved a Rs 10,000 crore plan to subsidise aviation fuel.
How SpaceX’s $1.75 trillion IPO dream could become the ultimate referendum on growth investing
Elon Musk’s SpaceX is preparing a record-breaking $75 billion IPO at a $1.75 trillion valuation, forcing Wall Street to answer a fundamental question: should companies be valued on today’s profits or tomorrow’s possibilities?
All eyes on RBI as policymakers weigh inflation risks and global uncertainty
The RBI's rate-setting panel begins its June policy meeting amid rising inflation risks, volatile crude oil prices and geopolitical uncertainty, with economists widely expecting the central bank to keep interest rates unchanged
US wants India, other nations to halt Russian oil purchases ‘as soon as possible’: Marco Rubio
US Secretary of State Marco Rubio said Washington is working to end permissions that allow countries, including India, to continue buying Russian oil, as the Trump administration intensifies pressure on Moscow over the Ukraine war.
Don’t judge India by Sensex, bet on its long-term growth story: SBI Chairman
SBI Chairman C S Setty says India is emerging as one of the defining economic stories of the 21st century, backed by digital transformation, infrastructure growth, clean energy investments and a resilient banking system.
Fresh trade hurdle? India among economies facing additional US tariffs
The Trump administration has proposed tariffs of up to 12.5 per cent on imports from 60 economies, including India, alleging inadequate action against goods made with forced labour and reviving its use of Section 301 trade measures
India’s EV race gets a Chinese twist as Tata turns to Chery for premium cars
Tata Motors is reportedly in talks with China’s Chery Automobile for a platform licensing deal that could accelerate its delayed premium EV plans under the Avinya brand, enabling access to advanced electric architecture while it builds its own long-term platform
Monsoon delayed, Centre reviews water availability and preparedness for states for El Nino impact
As monsoon progress slows and El Nino risks mount, the Centre has reviewed water availability, seed stocks and state preparedness, directing special monitoring in vulnerable districts to protect kharif output and farmers' incomes
Fact-check: Did RBI sell $12 billion worth of gold to protect India’s forex reserves?
A recent analysis claimed that the RBI may have sold $12 billion in gold while boosting foreign-currency assets amid pressure from the Iran-US conflict, rising oil prices, and a weakening rupee. The government has rejected the claim
Indian travellers can now use UPI at 4.5 million outlets in Cambodia
NPCI International and ACLEDA Bank have launched UPI payments through Cambodia’s KHQR network, allowing Indian tourists to make seamless QR-based transactions across millions of shops, restaurants and tourist destinations.
India's services sector hits six-month high as domestic demand powers growth
India's services sector expanded at its fastest pace in six months in May, driven by strong domestic demand and a surge in new orders, while easing inflation offered relief despite softer business confidence
Longer routes, higher costs: IndiGo follows Air India in trimming Europe operations, drops Manchester
When IndiGo damp-leased Boeing 787-9 aircraft to enter the European market, it announced ambitions to challenge established international competitors and build a meaningful global presence. But, just months into the operation, the economics of long-haul flying from India have changed dramatically owing to geopolitical disruptions.
US now India’s largest LPG source as Iran war disrupts old supply chains; Russia top crude supplier
The US has overtaken Gulf producers to become India’s largest LPG supplier as disruptions linked to the Iran conflict and Strait of Hormuz blockade reshape energy trade, while Russia remains the country’s biggest crude oil source
Oil jumps 2%, bitcoin tumbles as renewed US-Iran tensions shake global markets
Oil prices surged and bitcoin fell below $66,500 as renewed US-Iran tensions unsettled global markets, raising concerns over energy supplies and triggering a broad risk-off move among investors
China's services sector growth accelerates in May, but rising costs cloud outlook
China's services sector expanded at its fastest pace in three months in May, driven by stronger domestic demand and a rebound in export orders, but rising fuel, wage and procurement costs raised concerns over corporate profitability and the sustainability of the recovery
SpaceX eyes world's biggest IPO at $135 per share, targets $1.75 trillion valuation: Report
SpaceX is targeting a $75 billion initial public offering at $135 per share, seeking a valuation of $1.75 trillion in what could become the largest IPO in history
US sanctions Iranian crypto exchange Nobitex, cites links to central bank and IRGC
The US has sanctioned Iran's largest cryptocurrency exchange, Nobitex, accusing it of facilitating transactions for the Central Bank of Iran and the IRGC as Washington expands its crackdown on Tehran's digital financial networks
US invites public comments on new trade body to manage China ties
The Trump administration has invited public comments on a proposed US-China Board of Trade, a new mechanism aimed at managing bilateral commerce and exploring tariff relief for select non-sensitive goods
Gold overtakes US Treasury as world’s top reserve asset — due to relentless buying by central banks
Gold’s share in global official reserves rose to 27% by the end of 2025, surpassing US Treasuries and the euro, as central banks accumulated bullion amid rising geopolitical risks, according to the European Central Bank’s latest report
India’s capex engine stays strong as industrial growth slows: BoB report
Capital goods output jumped 16 per cent in April 2026, signalling strong investment momentum even as India’s overall industrial production growth eased to 4.9 per cent, according to a Bank of Baroda report.
Eurozone inflation climbs to 3.2 per cent in May as energy, services prices heat up
Euro area inflation rose to 3.2 per cent in May 2026 from 3 per cent in April, with energy and services prices driving renewed price pressures across the currency bloc, according to Eurostat’s flash estimate.
AI’s trillion-dollar IPO moment: OpenAI, SpaceX and Anthropic test investor appetite
With SpaceX eyeing a $1.75 trillion valuation, OpenAI preparing for a potential $1 trillion debut and Anthropic racing toward public markets, Wall Street is preparing for the biggest test yet of the artificial intelligence investment boom.
Nvidia’s H-1B hiring boom: Why is the AI giant paying employees up to Rs 4.6 crore a year?
As tech giants scale back foreign hiring, Nvidia is expanding its H-1B recruitment and offering some of Silicon Valley's highest salaries. From AI researchers to chip engineers and directors, the company is investing heavily in global talent as it seeks to maintain its dominance in the artificial intelligence race
Japan’s bond market shock: Why investors are worried about more than higher yields
Japan’s bond market turmoil is becoming a larger warning about government debt, inflation pressures and the limits of fiscal support as investors question Tokyo’s ability to balance spending with financial stability.
Petrol prices soar in UAE: Fresh food costs could rise up to 8 per cent, retailers say
Fresh fruits, vegetables, dairy products and frozen foods could become up to 8 per cent more expensive in the UAE if elevated fuel prices persist, although retailers say any increases will be gradual
India wants protection from US Section 301 before trade deal. What is it?
As India and the US move closer to a trade agreement, New Delhi is seeking safeguards against potential tariffs under Section 301 of the US Trade Act. Here's what the law allows, and why India is under the lens
ED raids Vedanta Group premises over alleged forex violations; company says ‘fully cooperating’
Enforcement Directorate searches Vedanta locations under FEMA provisions; mining major says it remains committed to compliance with all laws and regulations
‘Pay employees as much as possible… I do’: Nvidia boss Jensen Huang ahead of South Korea visit
Nvidia CEO Jensen Huang said companies should pay employees "as much as possible" as AI-fuelled profits soar, ahead of a visit to South Korea where Samsung recently agreed to hefty bonuses for chip workers
Why is Bitcoin down today? Iran-US tensions, ETF outflows and Strategy sale weigh on BTC
Bitcoin slipped towards the key $70,000 level as rising Iran-US tensions, continued ETF outflows and Strategy's first Bitcoin sale in years weighed on investor sentiment. Analysts warn a break below support could trigger further downside, even as whale investors continue accumulating BTC
South Korea becomes world's sixth-largest stock market as AI rally lifts valuation to $5 trillion: Report
South Korea has become the world's sixth-largest stock market as an AI-driven semiconductor rally pushed the combined value of listed companies to $5 trillion