BUSINESS
Sanctioned ship sale to India scrapyard show dark fleet pain
The US and European Union have repeatedly added more ships to their sanction lists for supporting Russian, Iranian and Venezuelan oil exports
WORLD
Oil traders race against time to solve a global diesel crunch
The fate of the fuel has wide-reaching ramifications for the global economy
BUSINESS
Trump’s 50% tariffs may clip India’s growth by 1%, say analysts
Trump on Thursday doubled tariffs on Indian goods to 50% as penalty for buying Russian oil, in a move that could make exports to the US of many industries uncompetitive
BUSINESS
Russia oil prices to India dip on sanctions, threats, says Kpler
The price of Urals, the OPEC+ producer’s flagship oil, is more than $5 a barrel cheaper than Dated Brent
WORLD
Asia stocks rise as Trump's chip tariffs fail to dent optimism
MSCI’s Asian stock gauge rose 0.9% while contracts for the S&P 500 and Nasdaq 100 gained 0.3%.
BUSINESS
Trump, Apple announcing new $100 billion US Investment
The announcement at the White House on Wednesday includes a new manufacturing program designed to bring more of Apple’s supply chain to the US
BUSINESS
Sify data center unit is said to plan $500 million India IPO
The company has raised 16 billion rupees ($182 million) in two rounds from Kotak’s Special Situations Fund and Kotak Data Center Fund through compulsory convertible debentures, according to rating agency ICRA Ltd
COMPANIES
Air India taps Singapore Air to bolster fleet upkeep after crash
The airline is preparing to take on pre-flight and daily aircraft inspections, minor repair work and other troubleshooting activities from state-owned AI Engineering Services
BUSINESS
India sees IPO surge ahead of key financial disclosure deadline
More than a dozen companies have either launched or announced IPOs worth Rs 18,700 crore in the two-week run-up to the August 12 deadline
TECHNOLOGY
OpenAI in talks for share sale valuing startup at $500 billion
OpenAI’s previous valuation stood at $300 billion in a $40 billion financing round led by SoftBank Group Corp
BUSINESS
Gold holds longest winning streak since February on economy woes
Bullion was steady at around $3,383 an ounce in early Asian trading, after gaining more than 3% over the previous four trading sessions
BUSINESS
Asian stocks cautious as US data clouds Fed path
Japanese shares rose while South Korean stocks dropped. The broader MSCI Asia Pacific Index was little changed.
TECHNOLOGY
OpenAI releases open-weight models after DeepSeek’s success
The two models, called GPT-oss-120b and GPT-oss-20b, will be available on AI software hosting platform Hugging Face and can produce text — but not images or videos — in response to user prompts
BUSINESS
Trump’s tariff to test RBI's rate decision
Before Trump’s announcement, most economists had expected no change in rates following the governor’s cautious stance in the June policy meeting
BUSINESS
Trump’s tariff to test India’s central bank rate decision
Before Trump’s announcement, most economists expected no change in rates following the governor’s cautious stance in the June policy meeting. The majority still expect RBI to hold this week, but a few have changed their forecasts recently.
BUSINESS
Asian stocks rise after dip-buyers fuel US rally
The MSCI Asia Pacific Index rose 0.5%, led by gains in South Korea.
BUSINESS
Unilever India's new CEO has to invigorate a sluggish consumer giant
Sales expansion has been a fraction of the 2022 levels while disruptor local brands are eating into its market share across product categories
BUSINESS
Tesla approves $30 billion stock award for CEO Elon Musk
The board emphasized the importance of retaining Musk, saying in a shareholder letter that the award was a first step 'good faith' payment. 'After all, a ‘deal is a deal'
BUSINESS
US Treasury rally pauses with $125 billion of bond sales due
The biggest week for sales of longer government bonds since May could weigh on prices as the Treasury offers $125 billion of new three-, 10- and 30-year notes
BUSINESS
European Union awaits Trump actions on its car tariffs, exemptions this week
Under the terms agreed with Washington, the 27-nation bloc faces a 15% US tariff on most of its exports.
WORLD
BMW strikes back at Tesla with longer-range EVs
Starting next year, Neue Klasse model production will initially run parallel to current cars. From the end of 2027, BMW’s flagship plant will be the first existing site in its global production network to exclusively manufacture all-electric vehicles.
INDIA
Modi defiant as Trump steps up pressure on India’s Russian oil purchases
The government hasn’t given India’s oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases
BUSINESS
Unilever India’s new CEO has to invigorate a sluggish consumer giant
The company’s stock has inched up about 4% in the last three years while the benchmark NSE Nifty 50 index surged almost 42%.
WORLD
Trump to name new fed governor, jobs data head in coming days
Trump made the comments to reporters Sunday on his way back to the White House from a weekend in Bedminster, New Jersey.
