Business News - Page 2
India's domestic air passenger traffic rises 1.44% to 8.64 crore in H1 2026; IndiGo retains market leadership
Akasa Air records the highest passenger load factor in June, while IndiGo continues to dominate the domestic market with a 64.3 per cent share
Indian FMCG giant Wipro Consumer Care acquires Philippine personal care firm S Brands
Wipro Consumer Care's 16th global acquisition strengthens its Southeast Asia growth strategy
Scotch whisky tax dispute: France’s Pernod retreats in court fight over $314 million Indian levy
The French liquor giant has withdrawn its petition before the Delhi High Court and will instead challenge the Rs 2,700 crore ($314 million) tax demand through the statutory appellate process.
Can you invest without violating Ahimsa? NSE’s new index brings non-violence to India’s stock market
NSE has launched the Nifty500 Ahimsa Index, a 326-stock benchmark that brings non-violence and animal-welfare principles into India's mainstream equity market and could pave the way for ethical ETFs and index funds
Paramount-Skydance merger: Why US states are challenging the deal
A US federal judge has temporarily halted the proposed $110 billion Paramount-Skydance and Warner Bros. Discovery merged on August 3, after 12 Democratic-led states argued the deal could significantly reduce competition in the entertainment industry.
HCLTech boss C Vijayakumar's Rs 176 crore pay makes him India's highest-paid IT CEO
HCLTech CEO C Vijayakumar’s FY26 remuneration surged nearly 67% to Rs 176.47 crore, making him India’s highest-paid IT services CEO for the third consecutive year
Why oil prices never spiralled despite five months of the US-Iran war
Fears of a $200-a-barrel oil shock never materialised as weaker Chinese demand, record US production, supply rerouting and new consumption patterns kept the global crude market surprisingly resilient.
Andy Burnham announces tax cuts on energy bills to ‘give people more breathing space’
UK Prime Minister Andy Burnham will scrap VAT on household electricity bills from October, funding the tax cut by cancelling the controversial £1.8 billion digital ID scheme
Volkswagen’s India reset: German automaker in talks to hand majority stake to JSW Group, says report
Volkswagen is in advanced talks to sell a majority stake in its India unit to JSW Group, Bloomberg News reported, as the German automaker seeks fresh capital and a local partner to expand in India
Samsung enters US credit card market with Barclays partnership, eyes broader fintech push
Samsung has launched its first US credit card with Barclays, offering rewards through Samsung Wallet as the technology giant expands its fintech ambitions and looks to deepen its digital ecosystem
Houthis declare naval blockade of Saudi Arabia: Will this trigger the world’s next oil shock?
The Houthi blockade targets Saudi Arabia's Yanbu export hub and Bab el-Mandeb Strait, threatening oil flows representing nearly 7 per cent of global production. Combined with Hormuz disruptions, longer tanker routes and higher shipping costs could escalate the global energy crisis
Pro-Trump super PAC MAGA amasses $400 million ahead of US midterm elections
Trump-backed super PAC MAGA has amassed more than $400 million in cash, strengthening Republican efforts to defend their narrow House and Senate majorities in the November US midterm elections
The race to never close: London Stock Exchange joins global push for 24-hour trading
The London Stock Exchange will launch an overnight trading venue in 2027, joining Nasdaq, CME and Cboe in the global shift towards near 24-hour trading as investor demand for always-on markets continues to grow
IMF clears $690 million for Ukraine after review, says reforms broadly on track despite war
The IMF has approved a new $690 million disbursement for Ukraine after completing the latest review of its $8.1 billion financing programme, while warning that reform implementation has slowed amid the ongoing war
New Zealand inflation climbs to 4.1%, highest in over two years, as fuel prices bite
New Zealand's annual inflation accelerated to 4.1 per cent in the second quarter, its highest level in over two years, as soaring petrol and diesel prices kept price pressures elevated, strengthening expectations of further interest rate hikes by the Reserve Bank of New Zealand
US gas prices climb above $4 a gallon again as Trump's Iran strikes reignite oil fears
US gasoline prices have climbed back above $4 a gallon as renewed US strikes on Iran disrupted global oil supplies, pushing Brent crude near $90 a barrel and raising fresh concerns over inflation and fuel costs ahead of the November midterm elections
From wine to hockey sticks: Trump hits Canadian exports with 50% tariffs
The United States has imposed 50 per cent tariffs on a wide range of Canadian exports, from wine and dairy products to hockey sticks and furniture, accusing Ottawa of discriminatory trade practices despite the USMCA free trade agreement
LTCG tax remains on equities; government says no proposal to withdraw levy
The government says equity LTCG tax remains unchanged for retail and foreign investors; exemption for FPIs applies only to government securities to attract long-term global capital.
Canada inflation falls to 2.8% in June, below forecasts as gasoline prices weigh on CPI
Lower fuel costs push Canada's headline inflation below expectations, while easing core price pressures strengthen the case for the Bank of Canada to keep interest rates on hold.
Double standards on foreign funding? West's criticism of India's FCRA amendments under the lens
As India tightens oversight of foreign funding through proposed FCRA amendments, the debate goes beyond civil society—it raises questions over whether Western democracies apply different standards to similar national security laws.
Indian students look beyond the US as Europe emerges as preferred study destination
Lower tuition fees, clearer post-study work pathways under the India-EU trade pact, and tighter immigration rules in the US are prompting more Indian students to choose Europe for higher education.
Not just your car, ethanol may soon fuel your kitchen stoves: Govt working on policy paper, says report
The Centre is reportedly preparing a policy framework to introduce ethanol as an alternative household cooking fuel alongside LPG. The proposal may include subsidies, new distribution infrastructure and support for ethanol-powered cooking stoves as India looks to utilise surplus ethanol production and reduce dependence on LPG imports
China halts key rare earth exports to Japan again as diplomatic tensions disrupt supply chains
China exported no gallium, dysprosium, terbium or yttrium to Japan in June, extending critical mineral supply disruptions triggered by diplomatic tensions. The restrictions underscore Beijing's growing use of rare earth dominance as a geopolitical tool
Monsoon Session 2026 puts spotlight on new income tax laws, foreign funding rules and reform bills
The Centre has lined up a packed legislative agenda for the Monsoon Session of Parliament, with major Bills on tax reforms, MSME development, foreign funding regulations, higher education, and judicial reforms set to be taken up.
German producer prices rise 1.8% in June, miss forecasts as factory-gate inflation eases
Germany's producer prices rose 1.8 per cent year-on-year in June, slightly below market expectations of 1.9 per cent, indicating easing factory-gate inflation and moderating cost pressures in Europe's largest economy
Europe's diesel inventories set to hit lowest seasonal level in a decade: Morgan Stanley
Europe's diesel inventories are expected to fall to their lowest seasonal level in at least a decade as refinery bottlenecks, geopolitical tensions and supply disruptions tighten fuel markets, Morgan Stanley said
Asian markets tumble as oil tops $90 on Gulf conflict; Sensex slides over 600 points
Asian stock markets fell sharply on Monday as Brent crude climbed above $90 a barrel amid escalating Gulf conflict, stoking inflation fears and dampening investor sentiment. India's Sensex dropped over 600 points, led by banking stocks, while investors awaited key global tech earnings
Indian-origin restaurateur Rajiv Meherish, founder of Raju Omlet, passes away
Indian-origin entrepreneur Rajiv Meherish, founder of Dubai-based restaurant chain Raju Omlet, has passed away. He transformed a simple egg-based concept into one of the UAE's most popular homegrown dining brands
Four ships crossed Hormuz. Here's how a month of disruption could hit India's economy
A prolonged slowdown in shipping through the Strait of Hormuz could significantly impact India's economy by driving up crude oil and LNG import costs, increasing freight rates, fuelling inflation and complicating the RBI's monetary policy decisions
Oil nears $91 a barrel as US-Iran ceasefire unravels, Hormuz tensions stoke supply fears
Global oil prices climbed to their highest levels in over a month, with Brent crude nearing $91 a barrel, after Iran declared its ceasefire with the US had effectively collapsed, raising fears of supply disruptions through the Strait of Hormuz