Business

The sharp rise in energy prices appeared to be driving investors’ concerns that the war could stoke inflation. A global market sell-off intensified Tuesday, as Iran expanded its retaliatory attacks around the Persian Gulf region, and US and Israeli officials signaled that strikes on Iran could continue for weeks. Stocks and bonds slipped, and oil and gas…

U.S. President Donald Trump threatened to impose a ​full U.S. trade embargo on Spain on Tuesday after the European and NATO ally refused to let the U.S. military use its bases for missions linked to ‌strikes on Iran. “Spain has been terrible,” Trump told reporters during a meeting with German Chancellor Friedrich Merz, adding that he had…

Jack Dorsey is cutting over 4,000 jobs at Block, reducing the workforce by nearly half, saying the move reflects an AI-driven structural shift rather than financial trouble. In one of the most sweeping tech layoffs of the year, Jack Dorsey said he is cutting more than 4,000 jobs at Block, reducing the payments company’s workforce by nearly…

According to official sources, Sports Minister Mansukh Mandaviya recently visited the circuit and held talks with officials from Yamuna Expressway Industrial Development Authority. The Adani Group is working on strategies to restart the Formula 1 motor sport at the Buddh International Circuit in Greater Noida, Karan Adani, the MD of Adani Cement said on Saturday. According to…

Neal Katyal, an Indian-origin American lawyer, gained prominence after the US Supreme Court ruled against Donald Trump’s tariffs, emphasizing that tariff authority resides with Congress. Indian-origin American lawyer Neal Katyal has come into the spotlight following a major US Supreme Court ruling that struck down former President Donald Trump’s sweeping reciprocal tariffs. In a 6–3 decision, the…

Google CEO Sundar Pichai said India is already witnessing a transformation capable of producing world-leading AI companies. Speaking at the India AI Impact Summit, he praised India’s developer energy and thriving startup ecosystem, citing firms like Flipkart and Oyo. He added that local AI innovation, including work by companies like Sarvam, shows strong global potential. Google CEO…

At ET NOW GBS 2026, Times Group MD Vineet Jain hailed India’s decade of transformation under Prime Minister Narendra Modi. Times Group Managing Director Vineet Jain on Friday laid out an expansive vision of India’s transformation over the past decade, declaring at the ET NOW Global Business Summit (GBS) 2026 that the country is no longer asking…

The Bombay High Court refused to hear Vijay Mallya’s plea against the Fugitive Economic Offenders Act, directing him to clarify his return to India before the court proceeds further. The Bombay High Court on Thursday made it clear that it will not hear a petition filed by fugitive businessman Vijay Mallya unless he returns to India. A…

US President Donald Trump, while announcing a trade agreement with India last week, had said that New Delhi had reportedly agreed to stop buying crude oil from Russia following which a 25 percent additional tariff on India had been revoked Russia’s foreign minister said on Wednesday that only US President Donald Trump — and no Indian official…

Brad Arnold, a founder and lead singer of American rock band 3 Doors Down, died on Saturday, nine months after disclosing that he had kidney cancer, the group said. He was 47. Arnold said in a May 2025 social media video that he had been diagnosed with advanced-stage clear cell renal carcinoma that had spread to one…

Strong sales fail to calm market fears over soaring AI and infrastructure spending. Amazon shares dove more than 11 per cent on Thursday (Feb 5) as the computing and retail titan reported strong sales but significantly boosted spending estimates. Amazon reported a profit of US$21.2 billion on net sales of US$213.4 billion in the recently ended quarter…

Growth estimates realistic, implementation to make capex work is our government’s strong point, Prime Minister himself monitors last mile of projects, says Finance Minister Nirmala Sitharaman. Growth estimates realistic, implementation to make capex work is our government’s strong point, Prime Minister himself monitors last mile of projects, says Finance Minister Nirmala Sitharaman in an interview to Aanchal…

Despite President Trump’s announcement of a tariff cut on Indian goods to 18%, the Global Trade Research Initiative (GTRI) has advised caution due to unverified claims about the trade deal. Even after US President Donald Trump announced an immediate cut in tariffs on Indian goods to 18%, trade policy think tank Global Trade Research Initiative (GTRI) has…

Elon Musk’s flagship artificial intelligence chatbot, Grok, continues to generate sexualized images of people even when users explicitly warn that the subjects do not consent, Reuters has found. After Musk’s social media company X announced new curbs on Grok’s public output, nine Reuters reporters gave it a series of prompts to determine whether and under what circumstances…

After hitting record highs last week, the prices of gold and silver have suddenly reversed course. DW looks at how a euphoric rally flipped into a sharp, confidence-shaking rout. What happened to gold and silver prices over the past week? After surging to a record high above $5,580 (€4,705) per ounce on Thursday, gold Suffered its steepest…

“If you are going to look at the market reaction of the last 50 budgets, it is not at all clear that the response on that particular day is an indicator of how things panned out,” Sanjeev Sanyal said. The market’s negative reaction to budget is no indicator about the outcome of the budget, Sanjeev Sanyal Economic…

Budget 2026: FM Nirmala Sitharaman gives a strong push to manufacturing, infrastructure and job creation, while proposing a simpler tax and customs system. Budget 2026 Takeaways: Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026-27, giving a strong push to manufacturing, infrastructure and job creation, proposing a simpler tax and customs regime, and hailing the…

Expenses such as university tuition, medical treatment, or foreign travel run into several lakhs and a lower TCS means families don’t have to block a large sum with the government If you are planning to travel or study abroad, then Nirmala Sitharaman’s Sunday budget will surely lift your spirits. The finance minister, while presenting her ninth Union…

The new rule kicks in on April 1, 2026 for FY 2026 to 27 and beyond. Investors who bought SGBs on the exchange and plan to hold till maturity need to factor in this tax hit. Finance Minister Nirmala Sitharaman’s Budget has triggered fresh anxiety among Sovereign Gold Bond investors after a proposed rule change that removes…

The minister said India’s IT industry has pivoted to providing AI services, and this will also be a big advantage for data centre infrastructure providers. Praising the Union Budget presented by Finance Minister Nirmala Sitharaman, IT and Railways Minister Ashwini Vaishnaw said it will help take India’s semiconductor industry to the next step and also boost investment…

Piyush Goyal says the India-EU FTA will eliminate textile duties, protect farmers and autos, boost Make in India, create jobs and neutralise carbon tax risks, positioning India on equal global footing. Can India now compete with countries like Vietnam and Bangladesh? Union Minister of Commerce and Industry Piyush Goyal on Friday said the India-European Union Free Trade…

Tesla (TSLA.O), said on Wednesday it will invest $2 billion in CEO Elon Musk’s artificial-intelligence company xAI – and that production plans for its ​Cybercab robotaxi were on track for this year. The news supported Musk’s plan to pivot Tesla from an electric vehicle maker to an AI company, which is key to the company’s roughly $1.5…

India and the US are nearing a significant trade deal, with ongoing negotiations despite India’s concurrent free trade agreement with the EU. A day after India-European Union (EU) sealed the ‘Mother of All Deals’ — Free Trade Agreement (FTA) combining 27 EU nations, officials informed that New Delhi and the United States have made “very significant” progress…

The US dollar extended losses to sink to a four-year low against a basket of currencies on Tuesday (Jan 27), after President Donald Trump said the value of the dollar is “great” when asked whether he thought it had declined too much. Trump made the comment to reporters in Iowa ahead of a speech expected to centre…

Core services such as cash deposits and withdrawals, cheque clearances, and branch operations are likely to be affected at PSBs Bank Strike Today: Banking services at public sector banks nationwide may face disruptions on Tuesday, January 27, as the United Forum of Bank Unions (UFBU) proceeds with its planned nationwide strike, demanding the immediate rollout of a five-day…

More than 1,300 apartment buildings in the Ukrainian capital Kyiv were still without heating following a Russian missile and drone attack earlier this week, Kyiv Mayor Vitalii Klitschko said on Sunday. Russia has sharply intensified bombardments of Ukraine’s energy system since it invaded its neighbour in 2022. Russia launched a vast attack on Ukraine’s energy system on…

The price of gold has risen above $5,000 (£3,659) an ounce for the first time ever, extending a historic rally that saw the precious metal jump by more than 60% in 2025. It comes as tensions between the US and NATO over Greenland have added to growing concerns about financial and geopolitical uncertainty. US President Donald Trump’s…

Amazon (AMZN.O), is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers, according to two people familiar with the matter. The company in October cut some 14,000 white-collar jobs, about half of the 30,000 target first reported by Reuters. The total this time is expected…

After 14 years behind Samsung, Apple is back on top in global smartphone sales, just as Chinese rivals step up the pressure. Foldables and advanced AI are the new battleground in the fight for the next billion users. Samsung’s grip on the smartphone crown lasted so long that it seemed unbreakable. The South Korean tech giant achieved…

A Mumbai-based entrepreneur has revealed how losing ₹30 crore in a failed business venture affected his health. A Mumbai-based entrepreneur has revealed how losing ₹30 crore in a failed business venture affected his health. Prashant Desai said that he kept piling on the pounds despite working out religiously — until he realised that mental stress and sleepless…

Google has appealed a US district judge’s landmark antitrust ruling that found the company illegally held a monopoly in online search. “As we have long said, the Court’s August 2024 ruling ignored the reality that people use Google because they want to, not because they’re forced to,” Google’s vice president for regulatory affairs Lee-Anne Mulholland said. In…

Indian quick commerce firms Swiggy and ‍IPO-bound Zepto have changed the branding of their quick commerce operations to stop promoting it as ‌a “10-minute” service following a government order, according to the companies’ apps on Wednesday (January 14, 2026). Reuters reported on Tuesday (January 13) that the government ordered Eternal’s Blinkit, Zepto and Swiggy to stop promoting…

Unrest in Iran has killed more than 500 people, a rights group said on Sunday, as Tehran threatened to target U.S. military bases if President Donald Trump carries out his renewed threats to intervene on behalf of protesters. With the Islamic Republic’s clerical establishment facing the biggest demonstrations since 2022, Trump has repeatedly threatened to get involved…

NASA on Friday said the space agency and SpaceX are targeting to undock the agency’s SpaceX Crew-11 mission from the International Space Station no earlier than 5 p.m. ET (2200 GMT) on Wednesday, January 14, pending weather conditions. Source : https://www.reuters.com/business/aerospace-defense/nasa-spacex-set-target-date-crew-11s-return-earth-2026-01-10/

Prada has launched a unisex fragrance inspired by India, named Infusion de Santal Chai Eau de Parfum, which combines sandalwood and chai latte notes. Italian luxury fashion house Prada has once again drawn inspiration from India—this time from one of the country’s most beloved daily rituals. After last year’s Kolhapuri chappal controversy, the brand has unveiled a…

SEBI’s “show-cause notice” alleged that members of Bank of America’s deal team shared price-sensitive information with employees who were not directly involved in executing the block trade, as per the report. India’s market regulator has reportedly found lapses in how Bank of America handled sensitive details linked to a large stock transaction, raising fresh concerns over information…

Jan 8 : ‌Elon Musk’s artificial intelligence startup xAI reported a net loss of $1.46 billion for the September quarter, compared with a loss of $1 billion in the previous three months, Bloomberg News ‌reported on Thursday, citing internal ‌documents. Revenue nearly doubled sequentially to $107 million in the period ended September 30, 2025, the report added.…

Agarwal’s post referenced a longstanding pledge made between father and son to support several social priorities, such as food access, education for children, empowering women, and secure employment for young Indians. Agarwal renewed the promise to devote over 75% of group earnings to initiatives that benefit society. Vedanta Group chairman Anil Agarwal’s son Agnivesh died of a…

Reliance clarified that its Jamnagar refinery has not received any cargo of Russian oil in the past three weeks. The company also said it is not expecting any deliveries of Russian crude oil in January. Reliance Industries Limited on Tuesday denied a media report that claimed the company had received Russian oil at its Jamnagar refinery in…

In 2025, Indian investors saw silver soar 144%, gold rise 78%, while Bitcoin remained flat, highlighting precious metals as the top wealth creators compared with cryptocurrencies and equity markets. The year 2025 turned out to be highly rewarding for investors of gold and silver, but for Bitcoin enthusiasts, it was a rather subdued period. Silver proved to…

India plans social security for gig workers, setting minimum work-day rules, Aadhaar-based registration, and benefits like insurance and healthcare, while defining eligibility limits under the new Social Security Code. The government has proposed draft rules for the social security of gig workers formulated under the new Social Security Code. As per the report in TOI, gig and…

Elon Musk’s brain implant company Neuralink will start “high-volume production” of brain-computer interface devices and move to an entirely automated surgical procedure in 2026, Musk said in a post on the social media platform X on Wednesday. Neuralink did not immediately respond to a Reuters request for comment. The implant is designed to help people with conditions…

Bitcoin is on track to post its first annual loss since 2022, as macroeconomic pressures and fading momentum weighed on the world’s largest cryptocurrency. Despite reaching a fresh record high this year, bitcoin has struggled to regain its footing since October, and last month experienced its biggest monthly drop since mid-2021. Now, it is on track to…

South Korea’s exports rose in December for a seventh consecutive month and wrapped 2025 at ‌a record as ‌exports have surpassed $700 billion for the first time, government data showed on Thursday. Exports from ‍Asia’s fourth-largest economy, a bellwether for global trade, rose 13.4 per cent in December ​to $69.58 billion, ‌trade data showed, beating a median…

​ Understanding how banks handle such situations and what responsibilities, if any, fall on family members, can help avoid confusion and distress during an already challenging time. Life’s unpredictability often makes personal loans a financial lifeline during emergencies. These loans are easy to access and don’t require collateral, but a difficult question arises when a borrower passes…

Sanofi (SASY.PA), said on Wednesday it will buy U.S. biotech Dynavax Technologies (DVAX.O), for around $2.2 billion (1.9 billion euros) in an agreed deal that will add an adult hepatitis B vaccine and a promising experimental shingles shot to its portfolio. The acquisition will help the French drugmaker diversify its vaccine business at a time when U.S.…

Gold surged past $4,500-an-ounce for the first time on Wednesday, while silver and platinum also hit record highs, as investors piled into precious metals to hedge against geopolitical and trade risks, and on expectations of further U.S. rate cuts in 2026. Spot gold was steady at $4,481.90 per ounce by 0803 GMT, after touching a record high…

Non-IT sectors drove India’s white-collar hiring in 2025, averaging 6-7% YoY growth, with hospitality (23%), education (28%), real estate (17%), and insurance showing strong momentum. IT hiring stabilised after Q1 dip; AI/ML roles surged 41% YoY. Fresher hiring rose in non-metros like Kolhapur, Guwahati; GCCs grew 3%. Spikes in November (+23%), June (+11%). Non-IT sectors emerged as…

After years of litigation, the ED has facilitated Rs 311.67 crore for former Kingfisher Airlines employees, following a DRT order releasing funds from attached assets earlier restituted to SBI under PMLA. After years of court battles, the Directorate of Enforcement has finally set aside Rs 311.67 crore for former employees of Kingfisher Airlines Ltd (KAL). The restitution…

Oil prices rose on Thursday following reports that the U.S. was preparing new sanctions on Russian oil if Moscow does not agree to a Ukraine peace deal, as market participants assessed the supply risks posed by a blockade of Venezuelan oil tankers. U.S. West Texas Intermediate (WTI) crude was up 44 cents, or 0.79%, at $56.38 per…

Sebi now requires a draft abridged prospectus at the DRHP stage for IPOs and allows debt issuers to offer incentives to retail investors. Sebi board meeting: From now, companies will be required to make available a short, clear and standard summary of the offer document, known as a ‘draft abridged prospectus’, at the DRHP (Draft Red Herring Prospectus)…

Jared Kushner’s Affinity Partners, which was one of Paramount’s financing partners, is exiting the battle. Warner Bros Discovery’s board could announce a decision as early as Wednesday on Paramount Skydance’s $108.4 billion takeover bid, with the board likely to advise shareholders to vote against the offer, according to sources familiar with the matter. The decision to recommit…

The regulator overseeing Australia’s world-first teenage social media ban rejected the “technological exceptionalism” championed by mostly U.S.-based platforms and said a groundswell of American parents wanted similar measures. eSafety Commissioner Julie Inman Grant said Australia was entitled to restrict access to social media, just as it applied safety rules to any imported good, and added that many…

At least half a dozen executives from top Indian arms makers, including Adani Defence (ADEL.NS), opens new tab and Bharat Forge (BFRG.NS), opens new tab, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India’s defence business leaders…

Indian rice exporters dismissed Donald Trump’s tariff threat, saying the US market is too small to matter. Demand remains strong globally, with new markets like Benin and Russia rapidly expanding. Indian rice exporters seemed unperturbed after US President Donald Trump threatened to levy additional duties claiming that he will “take care” of the alleged dumping of Indian…

Noel Tata has become the largest stakeholder in the Tata family after inheriting significant shares from his mother, Simone Tata, boosting his stake in Tata Sons to 1%. Noel Tata has emerged as the largest Tata family stakeholder after receiving a significant portion of Tata Sons shares from his mother, Simone Tata. This transfer, which occurred several…

Hollywood unions and theater owners on Friday sounded the alarm over Netflix’s proposed $72 billion takeover of Warner Bros Discovery, warning the deal would cut jobs, concentrate power and reduce theatrical movie releases if the deal passes regulatory review. The deal would place the streaming giant’s HBO brands under the Netflix umbrella and also hand control of…

The US dollar languished not far from a five-week low against its major peers on Friday (Dec 5) as investors braced for a Federal Reserve rate cut next week. Markets widely expect a quarter point reduction when the policy-setting Federal Open Market Committee meets on Dec 9 to 10, and a focus will be on any signals…

OpenAI has agreed to acquire Neptune, a startup that provides tools that help companies track their AI model training, the ChatGPT maker said on Wednesday. While OpenAI did not disclose the financial terms of the deal, The Information reported that OpenAI is paying less than $400 million in stock, citing people with knowledge of the deal. OpenAI…

The Employees’ Provident Fund Organisation (EPFO) has declared that no extensions will be granted for linking Aadhaar with Universal Account Number (UAN) after the deadline of 31 October 2025. The Employees’ Provident Fund Organisation (EPFO) has announced that there will be no further extensions for the mandatory Aadhaar seeding with Universal Account Number (UAN) for filing the…

Global airlines scrambled to fix a software glitch on Airbus A320 jets on Saturday as a partial recall by the European planemaker halted hundreds of flights in Asia and Europe and threatened U.S. travel over the busiest weekend of the year. Airlines worked through the night after global regulators told them to remedy the problem before resuming…

Oil prices fell on Thursday on expectations of a Ukraine‑Russia ceasefire which could pave the way for the unwinding of Western sanctions against Russian supply, though trading was set to remain thin due to the U.S. Thanksgiving holiday. Brent crude futures shed 33 cents, or 0.5 per cent, to $62.8 a barrel as of 0445 GMT, while…

India and Canada are reportedly close to finalising a $2.8-billion uranium deal, signalling revived nuclear and trade cooperation despite recent diplomatic tensions and marking a major boost for India’s energy ambitions. India and Canada are inching close to a $2.8 billion Uranium deal, the Globe and Mail reported on Monday, citing people familiar with the matter. The…

HP will lay off 4,000–6,000 employees by 2028 as it increases AI use and reorganises operations. The company targets USD 1 billion in savings. Rising memory chip prices may pressure profits. AI PC demand is growing, but HP’s profit forecast for 2026 is weaker than expected. HP Inc. has announced that it will lay off 4,000 to…

Income Tax Refund Status: Taxpayers can track their refund through the official income tax e-filing portal. Here’s how to do it For many taxpayers, Income Tax Return (ITR) refunds are taking longer than expected this year due to verification issues, processing delays and mismatches in bank details. If you are waiting for your refund, the quickest way…

Facebook parent company Meta Platforms (META.O), opens new tab defeated a U.S. attempt to unwind its acquisitions of Instagram and WhatsApp on Tuesday when a federal judge ruled the company does not hold a social media monopoly. The ruling gives Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump’s first term,…

Suspended director and promoter of TLPL, Riju Ravindran, moved the NCLT, terming the CCD subscription agreement terms as “invalid and unenforceable under indian law”.He requested the NCLT to “set aside Resolution Nos. 1 to 7 passed at the meeting of the CoC of TLPL.” He stated that Glas is holding 99.25 per cent voting rights in Think…

Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the United States, the Wall Street Journal reported on Friday (Nov 14). The Elon Musk-led automaker and its suppliers have already replaced some China-made components and aim to switch all other components to those made outside of China in the…

Rs 1,885 crore is dedicated to pollution control and environmental initiatives, the highest allocation in the city’s history. Delhi’s FY 2025-26 budget, presented by Chief Minister Rekha Gupta on 25 March 2025, totals Rs 1 lakh crore, a 31.5 % increase over the previous year’s estimate. Within this, the government has earmarked approximately Rs 1,885 crore for…

India’s labor market is facing significant imbalances, with urban unemployment rising sharply despite a slight national decline. India’s labour market continues to show worrying signs of imbalance. Even as the overall unemployment rate eased slightly in the July–September 2025 quarter, urban joblessness rose sharply, revealing a growing mismatch between economic growth and employment generation. According to Forbes…

SoftBank Group’s $5.8 billion sale of its Nvidia stake jolted stock markets on Tuesday, stoking fears that the frenzy around artificial intelligence may have peaked, especially after recent warnings from Wall Street bank chiefs and a famed short seller. In its quarterly results, the Japanese tech investor (9984.T), said it had sold all the 32.1 million Nvidia…

Visa (V.N), and Mastercard (MA.N), announced a revised $38 billion settlement with merchants who accused the card networks of charging too much to accept their credit cards, hoping to satisfy a judge who rejected a smaller accord as inadequate. Monday’s settlement would end 20 years of litigation in which businesses accused Visa, Mastercard and banks of conspiring…

More than 900,000 people evacuated vulnerable areas of the Philippines as Super Typhoon Fung-wong began lashing the main island of Luzon, with work and classes suspended across several regions, including Metro Manila. Fung-wong, locally known as Uwan, is forecast to make landfall in Aurora province as early as Sunday night, even as the Southeast Asian archipelago recovers…

As U.S. consumers tighten their wallets, budget-friendly restaurant chains such as McDonald’s, Chili’s and Domino’s are emerging as winners, drawing more diners who are trading down to cheaper meals. The shift is leaving pricier fast-casual chains, including Chipotle Mexican Grill (CMG.N), opens new tab, and Mediterranean-inspired Cava (CAVA.N), opens new tab and Sweetgreen (SG.N), opens new tab,…

Warren Buffett has a message for people who generate or view AI-created impersonations of him. There’s only one Oracle of Omaha. Berkshire Hathaway (BRKa.N), opens new tab said on Thursday that videos using AI-generated images of its longtime chief executive are circulating on YouTube, featuring comments he never made. The 95-year-old investor, known for his market instincts…

Finance Minister Nirmala Sitharaman said India needs big, world-class banks and confirmed talks with the RBI and lenders. She also emphasised fiscal discipline, infrastructure growth, and India’s push toward economic self-reliance. Finance Minister Nirmala Sitharaman on Thursday said the country needs big and world-class banks, and discussions are on with the Reserve Bank and lenders in this…

Tesla (TSLA.O), opens new tab CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut. The proposal was approved with over 75% support, and Musk bounded to the stage of the company’s annual meeting at…

With a social-media post that said “STOP LYIN” about there being an affordability crisis, President Trump claims he’s whipped inflation. But consumers are still feeling the squeeze. Target’s prices are up 5.5% nationwide this year and Walmart’s are up 5.3%, according to an analysis by DataWeave, which looked at roughly 16,000 items across each retailer’s website. Amazon’s…

Norway’s sovereign wealth fund, Tesla’s sixth-largest outside investor, said on Tuesday it would vote against ratifying a proposed pay deal for CEO Elon Musk potentially worth $1 trillion. Musk’s pay package is still seen as likely to win, given broad investor support in the past and the backing Tesla enjoys from its large retail shareholder base. Laws…

Bringing an end to the speculation around Mehli Mistry’s trusteeship in the Tata Trusts, the former trustee has officially parted ways with the Tata group, ANI quoted sources close to Mistry. Bringing an end to speculation around Mehli Mistry’s trusteeship in the Tata Trusts, the former trustee has officially parted ways with the Tata Group, ANI quoted…

Kimberly-Clark is laying down $40 billion to buy Kenvue in a massive deal that has puzzled some investors as the Tylenol maker struggles with weak sales, lawsuits and White House attacks linking its painkiller to autism. Shares of Kimberly-Clark dropped sharply after the Monday announcement as stockholders scrutinized the 46% premium being paid for the former Johnson…

For Amazon, the deal represents a significant endorsement of its cloud computing capabilities Amazon’s cloud computing arm has signed a $38bn deal with OpenAI to provide computing power for the company’s artificial intelligence models. The agreement sent Amazon shares higher in early trading. Under the seven-year arrangement, OpenAI will use Amazon Web Services (AWS) to access hundreds…

The move is aimed at strengthening its delivery business and reducing reliance on “unpredictable” third-party performance, CEO Akshay Jatia said on a post-earnings call, without disclosing details. Westlife Foodworld, which operates fast-food chain McDonald’s in west and south India, said on Monday it would launch a 20-minute food delivery model through its app to boost same-store sales…

Bankim Brahmbhatt, the Indian-origin CEO of a US-based telecom company, is facing a lawsuit in the US filed by HPS, the private credit investment arm of BlackRock. It was just two years ago that Bankim Brahmbhatt, the Indian-origin CEO of a US-based telecom company, shot into the limelight after featuring in Capacity’s Power 100 List, which recognises…

The CBI has accused industrialist Anil Ambani of approving favours to Yes Bank founder Rana Kapoor’s family, causing huge financial losses to the bank. This development highlights alleged corruption and risky investments linked to Ambani’s companies. In a major development in the Yes Bank corruption case, the Central Bureau of Investigation (CBI) has accused industrialist Anil Ambani…

Bankim Brahmbhatt, owner of Broadband Telecom & Bridgevoice, is accused of siphoning off up to $500 million that he received as loan collateral. An India-origin CEO of a little-known telecom-services company in the US has emerged at the centre of what has been described as a “breathtaking” fraud in an opaque corner of the US debt markets.…

She wanted to be Mrs. Schmidt. Michelle Ritter had become used to driving around in tech billionaire Eric Schmidt’s Tesla, living in his Bel Air Mansion and conducting business meetings in a bikini – all while paying herself $1 million a year. But it wasn’t enough for the 31-year-old mistress. After five years of being with Silicon…

Union Finance Minister Nirmala Sitharaman’s flight to Bhutan made an emergency landing in Siliguri due to severe bad weather. She will stay overnight in Siliguri and continue her journey on Friday once conditions improve. Union Minister for Finance and Corporate Affairs Nirmala Sitharaman’s flight to Bhutan made an emergency landing on Thursday afternoon due to severe bad…

Microsoft said on Wednesday they are investigating an issue in which Microsoft 365 Cloud and Office.com were reported to be inaccessible. Source: https://www.channelnewsasia.com/business/microsoft-investigating-access-issues-m365-cloud-and-officecom-5434221

Singapore and Vietnam on Thursday (Oct 30) signed an agreement that will see Vietnam support the unimpeded export of a mutually agreed quantity of rice to Singapore on agreed terms when requested by the government. The memorandum of cooperation on rice trade was signed on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week. In…

Microsoft also said that it has secured a deal with OpenAI where the ChatGPT maker will purchase $250 billion of Azure cloud computing services. Microsoft and OpenAI on Tuesday said they had reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and clearing the way…

Amazon will lay off up to 30,000 corporate employees starting Tuesday, its biggest round of cuts since 2022, as the tech giant trims costs and corrects pandemic-era overhiring across divisions. Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand…

Ferrari (RACE.MI), is tapping into crypto markets and tech-rich youngsters with a planned new digital token that its wealthiest fans will be able to use in an auction for a Ferrari 499P, the endurance car that won three straight Le Mans titles. The plan for now is limited in scope and is an effort by the Italian…

U.S. President Donald Trump will test his deal-making capabilities on a trip to Asia, a region battered by his hardball trade policies, while doubts hang over his highly anticipated meeting with China’s Xi Jinping. Trump, who left Washington on Friday night, is set for a five-day trip to Malaysia, Japan and South Korea, his first to the…

The United States hit Russia’s major oil companies with sanctions on Wednesday and accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted a major training exercise involving nuclear arms. The new sanctions were unveiled one day after plans for a summit between U.S. President Donald Trump and Russian President…