Business News - Page 30
India softens export taxes on diesel, jet fuel as global oil volatility persists amid Iran war
India has cut export duties on diesel and aviation turbine fuel while keeping domestic fuel taxes unchanged, as global oil markets remain volatile amid evolving West Asia supply dynamics
US economy expands 2% on AI spending surge amid Iran war, inflation edges up to 3.2%
The US economy expanded 2 per cent in the first quarter of 2026, driven by a surge in AI-linked business investment and steady consumer demand, even as the Iran war pushed inflation higher to 3.2 per cent amid rising energy costs and global uncertainty
Reliance Retail acquires Priyanka Chopra's 'Anomaly', scales up beauty portfolio
Reliance Retail bets on new-age beauty brands, eyes faster expansion through omnichannel strategy
Cloud gains and rising AI bets drive Big Tech Q1 earnings across key players
Big Tech’s Q1 earnings highlight a widening AI-driven divide as Alphabet’s Google Cloud surge outpaces rivals, while Microsoft, Amazon and Meta step up spending in a $700 billion-plus AI investment cycle reshaping the global cloud market
Women drive surge in first-time borrowers as India’s new-to-credit base hits 4.4 crore: Report
Rising share of women borrowers and strong rural demand fuel financial inclusion, even as lenders tighten underwriting norms
From 'Taco' to 'Nacho': Why Wall Street has a new acronym for Donald Trump
A new acronym, ‘Nacho’ (Not a Chance Hormuz Opens), is gaining traction among Wall Street traders as tensions between the US and Iran keep the Strait shut. Replacing the earlier ‘Taco’ (Trump Always Chickens Out) label, it reflects rising scepticism over Donald Trump’s ability to resolve the crisis and stabilise global oil markets
Germany returns to growth with 0.3% Q1 GDP expansion, but recovery remains fragile
Consumption rebound and export uptick signal fragile recovery as Europe’s largest economy edges out of slowdown
Brent hits multi-year highs as JP Morgan flags global supply crunch and ‘forced demand loss'
Oil prices rally sharply amid fears of prolonged Middle East conflict, with supply disruptions and geopolitical risks outweighing OPEC+ output signals
‘I’m going to ruin you… I f*ing own you’: Lawsuit in New York against senior JPMorgan executive
A senior JPMorgan Chase executive has been named in a New York civil lawsuit alleging sexual abuse, coercion and racial harassment of a junior employee. The bank has denied the claims
From pitch to boardroom: What CEOs may learn from Dhoni’s decision-making playbook
In an exclusive conversation with Firstpost, CSK mental skills coach David Reid explains how Dhoni’s calm, clarity, and internal alignment offer powerful lessons for business leaders navigating pressure.
From Bangkok to Paris, cuts everywhere: What’s behind India’s shrinking global air connectivity
A mix of rising fuel prices, a weakening rupee, and geopolitical uncertainty is forcing airlines to cut global routes, even during peak summer travel season.
Watch: ‘I think it’s great’: Trump backs UAE exit from OPEC, sees lower oil prices
Trump backs the UAE’s exit from OPEC, saying the move could help bring down global oil and fuel prices at a time of heightened volatility driven by the Iran war
Oil surges past $125 as US–Iran tensions fuel fears of prolonged supply disruption
Oil prices extended gains on Thursday, with Brent crude briefly rising above $125 a barrel, as markets reacted to rising fears of a prolonged US–Iran confrontation that could tighten global supply
Oil market set for supply surge risk after UAE exit from OPEC: Goldman Sachs
Goldman Sachs warns the UAE’s exit from OPEC could trigger a medium-term surge in oil supply, even as West Asia tensions keep markets tight in the near term
China factory activity steady in April as output rises amid West Asia shock: PMI
China’s factory activity stayed in expansion in April with official PMI at 50.3, while a private survey signalled a sharper rebound, even as West Asia tensions raise cost pressures and demand risks
Indian airlines to resume Doha flights after weeks of Iran war-led shutdown
Indian airlines will resume Doha flights from May 1 as the ceasefire in West Asia allows partial reopening of airspace after weeks of Iran war-led disruption
Japan factory output falls for second month as Iran war disrupts energy supply chains
Japan’s factory output fell 0.5 per cent in March, marking a second straight decline as Iran war-led energy disruptions hit fuel production and cloud the outlook
Supply shock ‘apparent’ in Indian economy as West Asia conflict risks rise: Govt report
India’s economy remains resilient on strong domestic demand, but government report warns that rising disruptions from the West Asia conflict are creating a “supply shock” through higher energy costs, inflationary pressures
US Fed keeps interest rates unchanged, signals caution as inflation risks linger
The US Federal Reserve has kept interest rates unchanged at 3.50–3.75 per cent, citing renewed inflation risks driven by rising oil prices and geopolitical tensions.
India’s Rs 362 billion, 600-km Ganga Expressway set to boost real estate growth
India inaugurates the Rs 362 billion Ganga Expressway in Uttar Pradesh, a 600 km corridor that cuts travel time between Meerut and Prayagraj to six hours
Germany inflation rises to 2.9% in April, below estimates amid energy price pressures
Germany’s inflation rose to 2.9 per cent in April 2026, slightly below expectations, as energy prices surged due to global supply disruptions linked to the Iran conflict
Eurozone economic sentiment sinks to post-pandemic low as energy-driven inflation fears surge
Eurozone economic sentiment hits its lowest level since 2020 as energy prices drive inflation fears higher, deepening consumer pessimism and complicating the ECB’s policy path
China’s clean tech grip raises national security threat to Europe: Report
Europe’s rapid shift to clean energy is raising fresh security concerns, as a report warns that heavy reliance on Chinese solar, wind and battery technology could expose the region to supply disruptions, cyber risks and geopolitical pressure
‘The world isn’t just stressed—it’s losing control’: Inside the Mind of CSK’s mental coach David Reid
From burnout and anxiety to MS Dhoni’s calm under pressure, IPL team CSK’s mental skills coach David Reid explains why mastering your inner world — not blindly chasing success — is the real edge today
SpaceX, OpenAI-led $240 billion IPO wave may eclipse all US startup listings since 2000
SpaceX, OpenAI and Anthropic are set to drive a record $240 billion IPO wave, potentially surpassing all US venture-backed listings since 2000 and reshaping global market liquidity
As UAE exits Opec, can Abu Dhabi tilt oil power balance towards India and crack cartel control?
Higher UAE output could soften crude prices and boost India’s bargaining power, but geopolitical risks keep volatility alive
UK growth seen at 0.9% as West Asia energy shock drives inflation higher: Research
UK growth is expected to slow to 0.9 per cent as rising energy prices from the West Asia conflict push inflation higher, increasing pressure on households, businesses, and the economy
UAE quits Opec in shock move, rattles global oil markets and challenges Saudi dominance
Strategic exit amid Iran war weakens OPEC’s grip, opens door for higher UAE output, and reshapes global energy geopolitics
US Fed decision today: Interest rates likely on hold amid sticky inflation and Powell exit focus
Sticky inflation, oil surge and Powell’s exit keep US monetary policy in wait-and-watch mode
UAE to exit Opec, Opec+ in strategic shift to boost output flexibility
Move seen as a blow to cartel cohesion as Abu Dhabi signals higher production and greater autonomy amid volatile global energy markets