The Times of India - Business (2 hours ago)
Saudi Arabia significantly reduced crude oil prices, reflecting intense competition among producers. Major Persian Gulf nations are increasing their oil output, restoring pre-war export levels. This move coincides with OPEC+ allies agreeing to further boost production targets for August. Lower oil prices and increased supply will benefit Indian...
ReadThe Times of India - Business (2 hours ago)
Flipkart's board has approved a second employee stock option liquidity event. Eligible employees can now liquidate up to five percent of their vested options. This event is estimated to be around twenty-five million dollars. Payouts to employees are scheduled to be made in August. The company's growth has remained strong despite a challenging...
ReadThe Times of India - Business (2 hours ago)
Mahindra Group is expanding into fast-growing businesses beyond its core operations. The conglomerate has set ambitious expansion targets across multiple sectors. These "Growth Gems" are positioned to benefit from structural economic trends. Mahindra Lifespaces saw profit increase seven-fold, and aerospace built a strong order book. The group...
ReadThe Times of India - Business (2 hours ago)
Bank lending to industry saw power sector lead growth in early FY27. Chemicals and vehicles also experienced significant increases in credit allocation. Telecommunications exposure declined, reflecting a shift in lender priorities. Overall infrastructure sector growth was positive, excluding telecommunications contraction. Industry's share in total...
ReadThe Times of India - Business (2 hours ago)
India's IPO pipeline is gaining momentum with significant upcoming public issues. The National Stock Exchange is planning a substantial Rs 30,000-crore offering. Manipal Health Enterprises has secured approval for its Rs 8,000-crore public issue. Rentomojo also received market regulator nod for its IPO. Funds will be used for debt repayment and...
ReadCBC - Business (6 hours ago)
Microsoft said on Monday it would cut 4,800 jobs, or about 2.1 per cent of its global workforce, including overhauling its Xbox gaming business and divesting up to five studios as it looks to boost returns after years of heavy investment in the division.
ReadCBC - Business (7 hours ago)
Air Canada is once again scaling back flights to the U.S. amid high jet fuel costs and lower demand for trips south of the border. Air Canada, WestJet and Air Transat all made cuts to their summer flight capacity to the U.S. earlier this year as the Iran war sent jet fuel prices soaring.
ReadThe Times of India - Business (8 hours ago)
Railway Minister Ashwini Vaishnaw launched new train services and route extensions. These improvements enhance rail connectivity across Maharashtra, Uttar Pradesh, and Uttarakhand. New services connect Nanded to Mumbai and Tanakpur to Nanded. Existing routes were extended, and special services were regularized for passengers. Railways also...
ReadThe Hindu - Business (8 hours ago)
The proposed public issue will be entirely an offer for sale (OFS) of 14.89 crore equity shares, with existing shareholders collectively divesting nearly 6% of the exchange's equity, according to the draft red herring prospectus (DRHP) filed in June
ReadThe Times of India - Business (10 hours ago)
Wall Street opened higher as artificial intelligence stocks rebounded strongly. Markets also assessed a planned mega share sale by SK Hynix. Oil prices edged lower after OPEC+ agreed to increase production. US Treasury yields eased, while European and Asian markets traded lower. Hong Kong's Hang Seng Index bucked the trend with a gain.
ReadThe Times of India - Business (11 hours ago)
Energy imports from the US have gained importance, particularly following the West Asia conflict, helping reduce the trade imbalance between the two countries. Besides the US, India has also sourced LPG from Argentina, Nigeria and Malaysia. Data from Kpler shows that India's LPG imports from America have grown substantially since the US-Iran war...
ReadThe Times of India - Business (11 hours ago)
President Trump launched a new investment program for children, "Trump Accounts," from the Oval Office, coinciding with the Republican's 2025 tax law. This initiative aims to boost equity market participation, with Treasury Secretary Scott Bessent highlighting that many American families lack stock exposure. Trump expressed optimism about the...
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