Business News - Page 26
Foreign carriers race to capture India’s booming skies as Air India cuts global flights
Foreign airlines including Lufthansa, Swiss, KLM and Cathay Pacific are rapidly expanding in India as Air India cuts international flights due to the Iran conflict, Pakistan airspace restrictions and rising operational costs, intensifying competition on key global routes
From Elon Musk to Jensen Huang, what CEOs with Trump on China visit are eyeing
US President Donald Trump’s China visit has brought together some of America’s biggest CEOs, including Elon Musk, Tim Cook and Jensen Huang. From AI chips and Tesla approvals to Boeing aircraft deals and Wall Street ambitions, the summit may be a one-off chance to get close to Chinese leadership and bag some deals
China renews licences for over 400 US beef exporters as Trump and Xi meet in Beijing
China has renewed export licences for more than 400 US beef exporters during talks between Donald Trump and Xi Jinping in Beijing, signalling a potential easing of trade tensions between the world’s two largest economies
America’s ‘top’ CEOs came to ‘do business’ with China, Trump tells Xi
US President Donald Trump told Chinese President Xi Jinping that America’s top CEOs had joined the Beijing delegation to strengthen trade and business ties as both sides seek to stabilise economic relations
Asia stocks climb on AI frenzy as dollar firms ahead of Trump-Xi summit
Asian stocks rallied on continued AI enthusiasm as investors tracked the Trump-Xi summit in Beijing, while the US dollar strengthened on rising Federal Reserve rate hike expectations and safe-haven demand linked to the Iran war.
Oil steadies as markets await outcome of Trump-Xi talks amid Iran war concerns
Oil prices edged higher as investors awaited the outcome of ongoing talks between Donald Trump and Xi Jinping in Beijing, while concerns over the Iran war, Strait of Hormuz disruptions and persistent US inflation kept energy markets on edge
India, Russia reaffirm $100 billion trade ambition during Lavrov’s Brics-focused visit
India and Russia have reaffirmed their goal of boosting bilateral trade to $100 billion by 2030 as External Affairs Minister S. Jaishankar and Russian Foreign Minister Sergey Lavrov reviewed energy cooperation, Russian crude supplies and rising tensions in West Asia during talks in New Delhi
India bans sugar exports to cool domestic prices, risks global shortage shock
India has banned sugar exports until September 2026 to curb rising domestic prices amid falling cane yields and El Niño fears, triggering concerns over tighter global supplies and higher international sugar prices
Why was Australia’s Trump Tower project scrapped so quickly?
Australia’s first proposed Trump Tower project on the Gold Coast has collapsed just months after its launch, with the Trump Organization and developer Altus Property Group publicly blaming each other
Oil isn’t the only threat: Fertilizer and sulfur could trigger the next commodity shock
As the Strait of Hormuz disruption deepens, global markets are now confronting a far broader crisis involving fertilizer shortages, sulfuric acid supply shocks, collapsing industrial supply chains, and rising fears of a global food emergency.
Air India suspends flights to Chicago, Shanghai as Iran war, rising jet fuel prices force route rejig
Tata Group-owned carrier cuts frequencies across North America, Europe, Australia and Asia till August 2026 amid soaring fuel costs and airspace restrictions linked to the West Asia conflict.
From expulsion to expansion: How Indians returned to rebuild Uganda’s economy
From sugar mills and banks to hotels and factories, Uganda’s Indian community rebuilt one of Africa’s most influential diaspora business networks after being expelled by Idi Amin in 1972.
Gold, tourism and oil: The $217 billion equation behind PM Modi’s austerity appeal
With crude oil prices surging amid fears over the Strait of Hormuz and forex reserves slipping by $37 billion since February, the government is increasingly focused on cutting non-essential dollar outflows such as gold imports and overseas tourism to shield the rupee and delay fuel price hikes.
Yuan’s rise signals challenge to dollar dominance as China pushes deeper global currency push
The US and China are locked in a fresh tussle over global monetary dominance as the Chinese yuan climbs to its strongest level in nearly three years. The currency’s rally has reignited debate over Beijing’s push to internationalise the yuan and challenge the US dollar’s supremacy, even as Washington moves to strengthen dollar-based financial alliances ahead of a key Trump–Xi summit
Trump taps Nvidia’s Jensen Huang for China summit after initial omission from US delegation
US President Donald Trump made a last-minute move to include Nvidia CEO Jensen Huang in his China delegation as Washington and Beijing prepare for high-stakes talks on AI chips, export controls and trade tensions
Why has India sharply increased gold and silver import duty to 15%?
India has raised gold and silver import duty from six per cent to 15 per cent amid concerns over rising imports, pressure on forex reserves, a weakening rupee, and widening trade deficit. The move comes as the government seeks to reduce dollar outflows and curb non-essential imports during global volatility
Nvidia CEO Jensen Huang’s pay falls 27% as AI stock frenzy slows despite chip giant’s dominance
Nvidia CEO Jensen Huang’s total compensation fell 27 per cent to $36.3 million in fiscal 2026 as the value of his stock awards declined amid slowing gains in the AI chipmaker’s shares
Air India prepares for massive cancellations in June and beyond as war takes toll
Amid the West Asia oil shock, Air India has cancelled several international flights, with its North America network shrinking like never before and reversing nearly all the gains made in the crucial market since privatisation.
Iraq, Pakistan cut energy transit deals with Iran amid Tehran’s tightening grip over Hormuz
Iraq and Pakistan have struck separate energy transit deals with Iran to secure oil and LNG shipments through the Strait of Hormuz, highlighting Tehran’s growing control over the strategic Gulf chokepoint amid the ongoing US-Iran conflict
Indian-origin CEOs beat Wall Street? Viral backtest of Michael Milken remark sparks debate
A viral post by Indian-origin entrepreneur Debarghya Das claims companies led by Indian-born CEOs massively outperformed the S&P 500 over 15 years, reviving debate around leadership, immigration and Big Tech dominance in the US
India hikes gold duty to 15% from 6% amid rising forex stress and trade deficit fears
India has raised gold and silver import duties to 15 per cent from 6 per cent as the Narendra Modi government seeks to curb soaring bullion imports, protect forex reserves, stabilise the rupee and contain trade deficit pressures.
Markets on edge over US inflation scare: Stocks weaken, oil spikes and gold slips
US stocks retreated from record highs as hotter-than-expected inflation data and escalating Iran conflict fears rattled investors, while oil prices surged above $105 a barrel and gold slipped amid fading hopes of Federal Reserve rate cuts
US customs processes $35 billion in refunds for illegal Trump tariffs so far
The US has processed $35.46 billion in refunds, including interest, for tariffs imposed under Donald Trump after the Supreme Court ruled the levies unlawful under emergency powers law
US inflation hits 3.8 per cent, highest since May 2023, as Iran war fuels energy price surge
Rising gasoline, food and housing costs push US consumer inflation sharply higher in April, reducing chances of Federal Reserve rate cuts and adding pressure on President Donald Trump ahead of midterm elections.
PM’s austerity call: More Indians travel abroad now than ever before
The ratio of Indians travelling abroad to Foreign Tourist Arrivals (excluding NRIs) currently stands at 3.5:1—meaning for every foreigner visiting India, 3.5 Indians travel overseas. When NRIs are included, the ratio is 1.5:1.
Uber CEO Dara Khosrowshahi meets FM Sitharaman, discusses India investment roadmap
Uber CEO says India is central to company’s long-term growth strategy as focus shifts to mobility, jobs and digital infrastructure
India's retail inflation eases to 3.48% in April, comes below market expectations
India’s retail inflation cooled further in April, offering relief to policymakers and consumers amid ongoing concerns over food and energy prices.
PM Modi’s 5-nation push: Energy, trade and strategic alliances take centre stage amid Iran war shockwaves
From securing oil supplies and stabilising trade routes to deepening clean energy and technology partnerships, Prime Minister Narendra Modi’s upcoming five-nation diplomatic outreach is emerging as India’s strategic response to the economic aftershocks of the Iran conflict.
Critical minerals, Taiwan and AI wars: Trump-Xi meeting could reshape global geopolitics
From rare earth supply chains and Taiwan tensions to artificial intelligence rivalry and the Iran crisis, the upcoming Trump-Xi summit in Beijing is emerging as one of the most consequential geopolitical meetings in years.
Sensex sinks nearly 900 points, Nifty slips below 23,600 as oil fears mount
Indian equity benchmarks extended losses on Tuesday, with the Sensex falling nearly 900 points and the Nifty slipping below 23,600 as the rupee hit a record low