Business News - Page 21
Singapore Airlines-Air New Zealand alliance expands amid global aviation route disruptions
Singapore Airlines and Air New Zealand will expand their joint network from late October, adding 72,000 seats and boosting capacity by 17 per cent as global airlines adapt to rising travel demand and aviation disruptions linked to tensions in West Asia
UK to resist Indian billionaire Sunil Mittal from increasing stake in telecom giant BT: Report
The UK government is reportedly set to oppose any move by Indian billionaire Sunil Bharti Mittal to increase his stake in BT, citing national security concerns and the need to retain sovereign control over critical telecom infrastructure.
Japan and China keep economic dialogue alive despite tensions — and India should pay attention
Japan and China are maintaining economic dialogue despite rising geopolitical tensions, signalling that Asia is recalibrating rather than decoupling — a shift that could create both opportunity and competitive pressure for India’s manufacturing ambitions
China’s trade surplus is triggering global unease — and India could emerge a winner
China’s growing trade surplus and export dominance are fuelling global concerns over supply-chain dependence on Beijing, creating fresh momentum for “China+1” strategies that could position India as a major manufacturing alternative
Google engineer faces US charges in $1.2 million Polymarket insider betting scandal
A Google software engineer has been charged by US prosecutors for allegedly using confidential search trend data to place winning bets on Polymarket, earning more than $1.2 million through insider information
American Airlines to expand India tech hub to 800 employees by early next year: Report
American Airlines Group plans to double its India technology hub workforce to around 800 employees by early next year, highlighting the rapid expansion of global capability centres in India’s aviation tech sector
Iran war impact: UK economy under pressure as manufacturing, services and jobs signal deeper slowdown
UK business confidence has fallen sharply across manufacturing, services and labour markets as energy price pressures and geopolitical instability linked to the Iran war spill over into the economy, triggering rising costs, weak demand and investment cuts
8th Pay Commission: 400% salary hike on table as railway union proposes tiered formula
The 8th Pay Commission debate has intensified after a railway employees’ union proposed a tiered fitment factor system that could push salary hikes beyond 400 per cent for select government employees
India opens fifth-gen fighter race to private sector; three players vie for AMCA project
India has opened the competition for its first indigenous fifth-generation stealth fighter, the AMCA, with three private-sector-led teams now vying to build its prototypes under a Rs 15,000 crore programme
Hyundai Motor India to raise vehicle prices by up to Rs 12,800 from June 1, second time in a year
Hyundai Motor India will raise vehicle prices by up to Rs 12,800 from June 1, marking its second price hike in a year amid rising input costs, commodity inflation and higher operational expenses
Indian skies to shrink in June as Air India cuts domestic flights by a quarter
Air India has scheduled 2,655 weekly domestic flights in June, down 882 flights sequentially from May's 3,537 weekly flights. Compared to last June, the drop is even steeper at 28.2 per cent.
Asian capital surge: Hong Kong surpasses Switzerland in global wealth rankings
Hong Kong has overtaken Switzerland to become the world’s largest cross-border wealth hub, driven by surging mainland Chinese capital, a rebound in IPO activity and rising demand for geopolitical diversification among global investors
Samsung to invest $1.5 bn in Vietnam semiconductor plant as global supply chains shift from China: Report
Samsung Electronics will invest $1.5 billion in a semiconductor testing plant in Vietnam as part of its global supply chain diversification away from China. The move comes amid surging AI-driven demand for memory chips and rising labour tensions at home in South Korea following a landmark profit-linked bonus deal with its union
Air India to slash nearly a quarter of domestic flights amid sharp rise in jet fuel prices: Report
Air India is set to cut around 22 per cent of its domestic flights as soaring aviation fuel prices raise operating costs and pressure airline profitability
The rise and fall of Byju Raveendran: How a $22-billion edtech empire collapsed
From becoming India’s biggest edtech success story to facing insolvency battles and a Singapore jail sentence, the dramatic fall of BYJU’S founder Byju Raveendran has shocked the startup world. Here’s a look at the rise, expansion, controversies, legal troubles, and collapse of the once-$22 billion company
India probes Pernod’s Scotch import practices over alleged duty evasion: Report
Indian authorities are probing Pernod Ricard over alleged undervaluation of Scotch whisky imports, with the liquor giant facing a $314 million tax demand in a widening customs dispute
'No wrongdoing on my part': Byju Raveendran responds after Singapore court sentence
Byju’s founder says Singapore contempt case was only linked to document disclosure disputes, claims settlement talks with lenders were already underway
Nvidia to pour up to $150 billion a year into Taiwan amid AI race and China tensions
Nvidia plans to invest up to $150 billion annually in Taiwan as the AI boom accelerates, deepening ties with TSMC and other chip partners amid rising China-Taiwan tensions and concerns over AI chip smuggling to China
India pitches Vande Bharat as affordable rail model for developing world: Report
India is preparing to export Vande Bharat trains to Africa, Latin America and neighbouring countries as RITES and Indian Railways develop a standard-gauge version aimed at offering developing economies a cheaper alternative to costly bullet train systems
IndiGo FY26: How big will the forex impact be amid West Asian turbulence?
Rising oil prices and West Asia disruptions may heavily weigh on IndiGo’s FY26 earnings as the airline braces for a potentially loss-making quarter.
Kash Patel net worth: How FBI chief built a reported $6 million fortune
From working as a public defender to becoming one of Donald Trump’s closest allies, FBI Director Kash Patel has reportedly built a fortune worth nearly $6 million through consulting deals, Trump-linked ventures, media appearances, investments, and book royalties.
Fresh blow for Byju’s as founder Byju Raveendran gets six-month jail term in Singapore contempt case
Singapore court orders Byju’s founder to surrender to authorities, pay legal costs after repeated violations of court directives tied to asset disclosures
Wall Street is booming, but Americans are pulling back on spending amid inflation pain
A growing divide is emerging in the US economy as soaring stock markets benefit wealthier households while rising fuel and grocery prices force millions of Americans to cut back on daily spending.
US to seek public feedback on Chinese goods eligible for tariff cuts after Trump-Xi trade deal
Washington and Beijing to identify nearly $30 billion worth of non-strategic goods for possible tariff relief under a new managed trade framework
BP removes chairman Albert Manifold over governance and conduct concerns
Energy giant says board took “decisive action” after identifying unacceptable governance oversight issues; Ian Tyler appointed interim chair
Is China heading toward Japan’s ‘Lost Decades’? Yuan surge raises fears
Beijing’s push for a stronger yuan and reduced dollar dependence is reviving comparisons with Japan’s economic collapse after the 1985 Plaza Accord, raising concerns over China’s export competitiveness and long-term growth prospects.
As Wall Street races to adopt AI, global banks are paying $25,000 a day to train employees
AI is rapidly reshaping global finance as banks race to train employees in tools like ChatGPT and Claude amid rising automation fears.
Quad pushes ‘trusted’ supply chain networks as Iran crisis rattles global economy
Quad foreign ministers unveil critical minerals and energy security initiatives, warn against economic coercion and supply chain disruptions amid rising geopolitical tensions.
From UK to Europe, Indian firms go global with wave of overseas acquisitions
Indian companies are accelerating overseas acquisitions across the UK, Europe and the US, with deals by Sun Pharma, Tata Motors and Coforge highlighting a new strategy focused on technology, IP, global markets and supply-chain resilience
SEBI proposes new rules to keep options trading smooth during sharp market swings
SEBI has proposed new rules to ensure smoother options trading during sharp market swings by improving the availability of strike prices across equity, currency and commodity derivatives markets, while also seeking to standardise practices across Indian exchanges