Business

There are ways to mitigate some of the risks of relying so much on cloud computing, says this University of Melbourne researcher. The world’s largest cloud computing platform, Amazon Web Services (AWS), experienced a major outage that has impacted thousands of organisations, including banks, financial software platforms such as Xero, and social media platforms such as Snapchat.…

During Diwali week, the Prime Minister was a de-light-ful winner of the national Fancy Dress Contest cosplaying as a brave soldier. You might have seen the reels by now and the blanket coverage. You might have also spotted a mugshot of the same gent looking straight into the camera for all the self-congratulatory colourful communication created for…

The AWS outage disrupted hundreds of websites and apps, including Venmo, Robinhood Markets Inc. and Apple Inc.’s Apple Music and Apple TV. Amazon.com announced on Monday afternoon that its cloud services had returned to normal after a widespread internet outage disrupted thousands of websites worldwide, including major platforms such as Snapchat and Reddit. However, the company said…

China isn’t just fighting back, it’s fighting smart. By borrowing America’s own trade war tactics, Beijing is turning Washington’s long-arm rules against it in a high-stakes economic showdown. China is fighting back in its escalating trade war with the United States, and it’s doing so by deploying the very same tactics Washington has used against it for…

New Delhi’s line is clear that it will not compromise on its strategic autonomy and will not be dictated to by anyone on whom it should be doing business with, particularly when it comes to Russia—an old and key strategic partner. Trump Russian oil policy, India stop buying Russian oil, US tariffs on Indian imports, Modi Trump…

Female jobless rate hits a 3-month high; youth unemployment climbs to 15% India’s unemployment rate edged up to 5.2% in September from 5.1% in August, with rural areas witnessing a sharper increase than urban centers, according to the latest Periodic Labour Force Survey (PLFS) data released by the Ministry of Statistics and Programme Implementation (MoSPI), said a…

Google announced on Tuesday that it will invest $15 billion in India over the next five years to establish its first artificial intelligence hub in the country. Located in the southern city of Visakhapatnam, the hub will be one of Google’s largest globally. It will feature gigawatt-scale data center operations, extensive energy infrastructure and an expanded fiber-optic…

The Enforcement Directorate has arrested Ashok Kumar Pal, CFO of Reliance Power Limited, in connection with a money laundering investigation involving fake bank guarantees. The Enforcement Directorate on Friday arrested a top official in Anil Ambani’s firm in a money laundering case. Ashok Kumar Pal, CFO and Executive Director in Reliance Power Limited, was arrested in a…

Wipro submitted that the company has used the trademark ‘WIPRO’ in relation to its consumer care and lighting products since at least 1977. The Delhi High Court has declared the trademark ‘WIPRO’ as a well-known mark within the meaning of Section 2(1)(zg) of the Trade Marks Act, 1999, formally recognising the brand’s enduring reputation, extensive commercial presence,…

Tata Trusts Boardroom Battle: Tata Trusts faces internal strife as Noel Tata and N Chandrasekaran meet Amit Shah and Nirmala Sitharaman over governance disputes. Tata Trusts Infighting: The rift within Tata Trusts, the principal shareholder of Tata Sons, has reached the corridors of power. Sources close to the Tata Group told CNBC-TV18 that the government cannot be…

The much-needed modernization of the U.S. Army’s battlefield communications network being undertaken by Anduril, Palantir (PLTR.O), and others is rife with “fundamental security” problems and vulnerabilities, and should be treated as a “very high risk,” according to a recent internal Army memo. The two Silicon Valley companies, led by allies of U.S. President Donald Trump, have gained…

Amazon (AMZN.O), opens new tab founder Jeff Bezos predicted on Friday gigawatt-scale data centres will be built in space within the next 10 to 20 years and that continuously available solar energy meant they would eventually outperform those based on Earth. Speaking at the Italian Tech Week in Turin, Bezos also compared the surge in artificial intelligence…

US lawmakers have requested explanations from Tata Consultancy Services regarding the company’s ongoing submission of numerous H-1B visa petitions despite laying off American tech workers. US senators are taking up the fight against the H-1B visa program, right up to the top management of major US corporations. Senate Judiciary Committee Chairman Chuck Grassley and Ranking Member Dick…

The Pulses Mission is expected to benefit around 2 crore farmers with the supply of better seeds, post-harvest infrastructure and 100 per cent assured procurement of tur, urad, and masoor pulses from growers at the Minimum Support Price during the next 4 years, according to an official statement. The Union Cabinet, chaired by Prime Minister Narendra Modi,…

China’s Pop Mart (9992.HK), is borrowing from Disney’s (DIS.N), playbook to turn toothy monster Labubu’s blockbuster sales into long-term success, Executive Director and co-COO Si De told Reuters in a rare interview. Pop Mart has already done what many thought impossible – making Labubu the first Chinese product to win a global audience for its emotional and…

Consumer confidence fell sharply in September on growing worries about the labor market. The consumer-confidence index dropped to 94.2 in September from a revised 97.8 in the prior month, the Conference Board said Tuesday. This is the lowest level since April. Economists polled by the Wall Street Journal had forecast the index to slip to 96.0 in…

They’re flying off the shelves and not in the good way. Amazon has pulled roughly 500 thousand units of various products from its virtual store in recent weeks after manufacturer recalls for safety concerns — including fans that cause fires and potentially suffocating baby crib attachments, according to a report. A variety of imported goods were part…

BharatGen, India’s first government-supported multimodal AI initiative, has secured Rs 988.6 crore from the IndiaAI Mission 2025, as revealed by Union IT Minister Ashwini Vaishnaw. BharatGen, India’s first government-backed multimodal sovereign AI initiative, has emerged as the single largest beneficiary of the government’s IndiaAI Mission 2025. The company has been awarded Rs 988.6 crore in funding by…

In a statement, Gujarat Cooperative Milk Marketing Federation (GCMMF) announced revision in price list of more than 700 product packs, offering full benefit of GST reduction to its customers, effective September 22, 2025. New Delhi: GCMMF, which markets dairy items under Amul brand, on Saturday announced reduction of retail prices of more than 700 product packs, including…

Adani Group companies gained over Rs 69,000 crore in market capitalisation in a single session on Friday, fueled by a buying frenzy following SEBI’s clean chit in the Hindenburg case. Adani Group companies gained over Rs 69,000 crore in market capitalisation in a single session on Friday, fueled by a buying frenzy following SEBI’s clean chit in…

U.S. Senator Ted Cruz, the Republican who leads oversight of the Federal Communications Commission, joined Democrats on Friday in criticizing FCC Chair Brendan Carr’s recent threats against Disney (DIS.N), opens new tab and local broadcasters for airing “Jimmy Kimmel Live.” The conservative senator from Texas, one of the most powerful Republicans in Congress, said Carr’s threat to…

A woman approached the police five days and had loged a complaint against Samir, a senior police official told Hindustan Times. Fugitive businessman and former IPL chief Lalit Modi’s brother Samir Modi has been arrested by the Delhi Police on rape charges. The arrest was made at the Indira Gandhi International Airport on Thursday evening. A woman…

Nvidia has spent over $900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup and to license the company’s technology, CNBC reported on Thursday. The AI chip giant is paying in cash and stock, CNBC said, citing two people familiar with the arrangement. The deal closed last week and Sankar…

Russia’s oil pipeline monopoly Transneft (TRNF_p.MM), has warned producers they may have to cut output following Ukraine’s drone attacks on critical export ports and refineries, three industry sources said on Tuesday. In a statement on its website, Transneft described the news as “fake” and part of the West’s “information war” against Russia. Kyiv has stepped up attacks…

The incursion of Russian drones in Poland has reignited safety concerns over the vulnerability of civil air transport in Europe, aviation and insurance experts said, the latest upheaval facing airlines from escalating global conflict. Early on Wednesday, Poland shot down drones in its airspace with the backing of military aircraft from its NATO allies, the first time…

Oracle shares surged about 43 percent to a record high on Wednesday, putting the company on track to join the elite trillion-dollar club and propelling co-founder Larry Ellison closer to the top of the world’s richest list. The company unveiled four multi-billion-dollar contracts on Tuesday, amid an industry-wide shift, led by companies such as OpenAI and xAI,…

People are turning to AI chatbots for anything from writing emails to planning holidays. But can they be trusted with our finances? A few months ago, a fellow journalist asked me: “Do you invest? Do you think you will be able to retire with a million dollars?” Thinking back on the mild heart-stopping fluctuations I’d seen in…

The market distribution for UPI transactions continues to be led by a few key applications. In terms of transaction volume, PhonePe was the market leader with an estimated 9.6 billion transactions, followed by Google Pay with 7.4 billion transactions and Paytm in third place with 1.6 billion transactions. The Unified Payments Interface (UPI) network processed over 20…

Poland shot down drones that entered its airspace during a widespread Russian attack in western Ukraine on Wednesday, with the NATO member calling the incursion “an act of aggression” Polish Prime Minister Donald Tusk said that he was in “constant contact” with NATO Secretary General Mark Rutte. Tusk has called for an emergency meeting of the council…

India and the European Union are intensifying talks to finalise their free trade agreement by year-end. The negotiations focus on resolving trade barriers while expanding strategic and defence ties amid global uncertainties. India and the European Union are accelerating efforts on an ambitious free trade agreement (FTA), scheduling two critical rounds of negotiations within the next month…

Addressing a news conference here, Haryana Chief Minister Saini said the wide-ranging reforms approved by the GST Council will prove to be a milestone towards “Atmanirbhar Bharat”. Saini said it is Prime Minister Narendra Modi’s commitment “that we have to empower and strengthen the poor, farmers and common sections”. Haryana Chief Minister Nayab Singh Saini on Saturday…

Noida Scam Alert: Police have seized four mobile phones, eight SIM cards, a laptop, a car, GST-related documents and a rent agreement from the accused. The police has arrested a former employee of a private firm in Noida for allegedly generating fake invoices of around Rs 10 crore to fraudulently claim input tax credit of Rs 1.8…

The visit, facilitated by the MHA, is seen as a significant step in ongoing legal proceedings in UK courts, senior officials confirmed. A delegation from the UK’s Crown Prosecution Service (CPS) recently visited Tihar Jail in Delhi to assess prison conditions, as part of efforts to strengthen India’s case for the extradition of , among others, high-profile…

Hundreds of federal agents descended on a sprawling site where Hyundai manufactures electric vehicles in Georgia and detained 475 people, most of them South Korean nationals. This is the latest in a long line of workplace raids conducted as part of the Trump administration’s mass deportation agenda. But the one on Thursday is especially distinct because of…

A disgraced former FBI official tipped off an employee of a Chinese group that did business with the Biden family about planned arrests related to a criminal investigation, compromising the integrity of the probe, according to a Justice Department watchdog. Charles McGonigal, who helmed the FBI’s counterintelligence division in New York from 2016 to 2018, was sentenced…

When asked what would be next on agenda for the finance ministry, Nirmala Sitharaman spoke about non-financial regulators. Union Finance Minister Nirmala Sitharaman reflected on the recently introduced reforms in the goods and services tax (GST) rates, and said it would fuel increased consumption, thus helping the economy. When asked what would be next on agenda for…

US President Donald Trump hosted top tech leaders at the White House, with AI and investments in focus. Five Indian-origin CEOs, including Nadella and Pichai, highlighted the diaspora’s growing influence in global technology. US President Donald Trump on Thursday hosted a high-profile dinner at the White House with America’s top technology leaders, with discussions centered on artificial…

A federal jury has ordered Google to pay $425.7 million for improperly snooping on people’s smartphones during a nearly decade-long period of intrusions. The verdict reached Wednesday in San Francisco federal court followed a more than two-week trial in a class-action case covering about 98 million smartphones operating in the United States between July 1, 2016, through…

Florida plans to end all state vaccine mandates, including for students to attend schools, the state’s surgeon general, Joseph Ladapo, announced on Wednesday, a move public health experts warned could trigger severe outbreaks among children, tourists and those with compromised immune systems. Ladapo, along with Florida Governor Ron DeSantis, cast the issue of vaccination as one of…

President Trump has criticized India for its high tariffs, labeling it the “most tariffed nation.” He claims India has proposed a “no tariff” deal but warns it may be too late. Trump defends his 50% tariff on Indian imports, asserting that it is necessary for fair trade. US President Donald Trump has once again lashed out at…

Insurance and warranties emanating from potential damage because of the use of the blended fuel would be honoured, stated the industry executives. E20 is safe for use in any vehicle plying on Indian roads, said the chief of the Automotive Research Association of India (ARAI) Reji Mathai, on Saturday (August 30, 2025), referring to a 2021 study…

On the eve of a visit to China, Russian leader Vladimir Putin blasted Western sanctions as his country’s economy teetered on the brink of recession, wounded by trade curbs and the cost of his war in Ukraine. Russia and China jointly opposed “discriminatory” sanctions in global trade, Putin said in a written interview with China’s official Xinhua…

A divided U.S. appeals court ruled on Friday that most of Donald Trump’s tariffs are illegal, undercutting the Republican president’s use of the levies as a key international economic policy tool. The court allowed the tariffs to remain in place through October 14 to give the Trump administration a chance to file an appeal with the U.S.…

ISRO has unveiled an ambitious 22-year space roadmap to build 3D-printed habitats on Mars, set up a crew station on the Moon, and develop next-generation rockets capable of carrying massive payloads into deep space. India has outlined an ambitious long-term space strategy that envisions a crewed lunar base by 2047 and eventual settlement on Mars, signalling its…

Chief Economic Advisor V Anantha Nageswaran said that high tariffs are expected to be “short-lived” as both countries are in talks for the removal of the 25 per cent penal tariff and a subsequent bilateral trade deal. Chief Economic Advisor V Anantha Nageswaran on Friday exuded confidence that the Indian economy will grow at a rate between…

India’s economy grew 7.8% in Q1 FY26, a five-quarter high, defying US tariff pressure. Strong manufacturing, services, and public spending highlight resilience, proving Trump’s “dead economy” jibe wrong. New Delhi: Just days after the 25% additional tariff by the United States came into effect, India’s GDP data from the April-June quarter has become the talking point. According…

The U.S. tariff exemption for package shipments valued under $800 ends permanently on Friday, with a six-month transition period under which postal service shippers can opt to pay a flat duty of $80 to $200 per package depending on the country of origin, Trump administration officials said. The U.S. Customs and Border Protection (CBP) agency will begin…

Nvidia’s business in China will be the focus of investors when the AI chipmaker reports earnings on Wednesday (Aug 27), following an unusual deal with the Trump administration and Beijing’s subsequent efforts to stall imports. Caught in the crossfire of Washington and Beijing’s ongoing trade war, the fate of Nvidia’s China business hangs on where the world’s…

Meta’s planned AI data center in Louisiana will cost $50 billion, President Donald Trump said during a cabinet meeting on Tuesday. The social media company is building its largest data center in Richland Parish, which could handle intense computational power to support digital infrastructure, including artificial intelligence workloads. The Facebook and Instagram parent declined to comment when…

Billionaire Elon Musk’s electric vehicle company Tesla (TSLA.O), rejected a $60 million settlement proposal in a lawsuit over the 2019 fatal crash of an Autopilot-equipped Model S before a jury this month awarded a $243 million verdict in the case. Lawyers for the plaintiffs disclosed the settlement proposal in a filing, on Monday in the federal court…

The key features of the Umang app include claim submission, UAN card downloads, and even secure face-based login for new users. The Umang app offers a digital platform to access several important services to EPFO subscribers, allowing them to skip physical paperwork and manage their Provident Fund account on the go. From checking passbooks to submitting claims,…

The U.S. Department of Health and Human Services on Sunday reported the first human case in the United States of travel-associated New World screwworm, a flesh-eating parasite, from an outbreak-affected country. The case, investigated by the Maryland Department of Health and the U.S. Centers for Disease Control and Prevention, was confirmed by the CDC as New World…

The launch of the satellite culminates a decade-long partnership between TI and the ISRO to optimise the performance of the electronic systems responsible for this Earth-observation mission. Bengaluru: Nasdaq-listed semiconductor company Texas Instruments (TI) semiconductors are enabling the radar imaging and scientific exploration payloads for the NASA-Indian Space Research Organization (ISRO) synthetic aperture radar (NISAR) satellite, which…

Many consumers reported problems such as poor service quality, non-refunds, overcharging, and failure to honour the guaranteed 5-minute auto arrival. The ride-hailing company Rapido has been slapped with a Rs 10 lakh penalty by the Central Consumer Protection Authority (CCPA) due to misleading advertising practices. The Ministry of Consumer Affairs said on August 21, 2025, that Rapido…

ChatGPT maker OpenAI on Tuesday launched ChatGPT Go, a new India-only subscription plan priced at 399 rupees (US$4.57) per month, its most affordable offering yet, as the company looks to deepen its presence in its second-largest market. Global companies often offer cheaper subscription plans for India’s price-sensitive market, targeting the nearly one billion internet users in the…

The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and hundreds of other products. The department said 407 product categories are being added to the list of “derivative” steel…

Under the proposed Regulation & Promotion of Online Gaming Act, banks and financial institutions will not be allowed to process or transfer funds for real-money online games. The Union Cabinet has approved the Online Gaming Bill, a move aimed at regulating the rapidly growing digital gaming sector and putting a stop to online betting. According to sources,…

Brazilian President Luiz Inacio Lula da Silva said on Friday that foreign companies that want to do business in Brazil are welcome, speaking at the opening ceremony for a factory for Chinese automaker GWM (601633.SS), in the state of Sao Paulo. “Count on the Brazilian government. Whoever wants to leave, leave. Whoever wants to come, we welcome…

Big GST relief soon! Prime Minister Narendra Modiin his Independence Day speech announced that the  Goods and Services Tax(GST) burden on the common man is set to come down from this Diwali with next-generation reforms slated to be rolled out. PM Modi stressed the need for the next phase of GST reforms, which aim to provide relief…

Starting October 4, 2025, the Reserve Bank of India will implement a faster cheque-clearing system, reducing settlement time from up to two working days to just a few hours during business hours. In a major win for account holders and businesses alike, the Reserve Bank of India (RBI) has announced a sweeping reform to the Cheque Truncation…

The government has proposed two rates – 5% and 18% – under the revamped Goods and Services Tax regime. The Central government is expected to announce a huge respite in the GST structure, bringing the daily-use products in 5 per cent category while slashing the tax rate of 90 per cent of the items in the 28%…

President Donald Trump on Monday confirmed reports that semiconductor giant Nvidia would pay the United States 15 percent of its revenues from sales of certain artificial intelligence chips to China. Speaking to reporters at the White House, Trump argued that Nvidia’s “H20” chips are “obsolete,” despite previously being targeted for export restrictions. He said that to lift…

JSW Cement sold its shares in the price band of Rs 139-147 apiece, which could be applied for a minimum of 102 shares and its multiples to raise Rs 3,600 crore. JSW Cement is likely to finalize the basis of allotment of its shares on Tuesday, August 12. Applicant bidders will get the messages, alerts or emails…

Check minimum average balance requirements for across various banks including SBI, ICICI Bank, HDFC Bank, and so on. Minimum Balance Rules Comparison: The Private Lender ICICI Bank has recently announced that the minimum balance requirement for savings accounts opened on or after August 01, 2025 will be increased to Rs 50,000 from the earlier Rs 10,000. The move…

esla will streamline its AI chip research to focus on its development of inference chips used to run AI models and make real-time decisions, CEO Elon Musk said, after a media report he had ordered the closure of the in-house Dojo supercomputer team. Bloomberg News on Thursday cited people familiar with the matter as saying Musk had…

The Centre on Friday announced the subsidised retail sale price of tomatoes in the range of Rs 47-60 per kg in the national capital through the National Cooperative Consumers’ Federation of India (NCCF), to provide relief to buyers. The Centre on Friday announced the subsidised retail sale price of tomatoes in the range of Rs 47-60 per…

New Delhi has put on hold its plans to procure new U.S. weapons and aircraft, according to three Indian officials familiar with the matter, in India’s first concrete sign of discontent after tariffs imposed on its exports by President Donald Trump dragged ties to their lowest level in decades. India had been planning to send Defence Minister…

Nebraska cattle rancher Craig Uden bought 200 extra mother cows and their babies over a few weeks in May to expand his herd as dry weather gave way to rain that rejuvenated land used for grazing. In South Dakota, Troy Hadrick kept 16 more young female cows, known as heifers, on his farm than he did last…

RBI Governor Malhotra said UPI transactions aren’t free to run and someone has to bear the cost. With ICICI Bank introducing UPI fees for Payment Aggregators, free UPI may change soon. After the RBI Monetary Policy Committee (MPC) meeting, Governor Malhotra addressed the media and made a key statement about UPI (Unified Payment Interface). He clarified that…

The additional 25 per cent import duty announced by US President Donald Trump on Indian goods could lead to a 30 per cent decline at USD 60.6 billion in India’s exports to America this fiscal, think tank GTRI said on Monday. To help exports, it suggested the government to revive the interest equalisation scheme, create a helpdesk,…

China’s independent oil companies are ramping up operations in Iraq, investing billions of dollars in OPEC’s number two producer even as some global majors have scaled back from a market dominated by Beijing’s big state-run firms. Drawn by more lucrative contract arrangements, smaller Chinese producers are on track to double their output in Iraq to 500,000 barrels…

A sweeping 25 per cent tariff by the United States on Indian exports has triggered panic among domestic industries, especially textiles, steel and agriculture. Facing potential order cancellations and job losses, exporters have urged the Indian government to launch an emergency export promotion mission and extend financial support. Indian exporters are staring at a crisis after the…

In a major supply chain shift, Apple CEO Tim Cook confirmed that the majority of iPhones sold in the United States are now manufactured in India. While China focuses on non-US markets, Vietnam leads production of MacBooks and iPads. Cook also flagged a looming $1.1 billion tariff burden amid policy uncertainty. In a milestone for India’s electronics…

Nvidia chips do not contain “backdoors” allowing remote access, the US tech giant has said, after Beijing summoned company representatives to discuss “serious security issues”. The California-based company is a world-leading producer of AI semiconductors, and this month became the first company to hit US$4 trillion in market value. But it has become entangled in trade tensions…

Nikhil Ravishankar, an India-origin executive, will assume the role of CEO at Air New Zealand starting October 20, 2025, after almost five years with the airline. India-origin Nikhil Ravishankar is set to take over as the CEO of Air New Zealand from October this year after being associated with the carrier for nearly five years. Incidentally, Air…

Telecom Minister Jyotiraditya Scindia said that Starlink has been granted a Unified License to launch satellite internet services in India and that the frameworks for spectrum allocation and gateway establishment are ready. India has officially granted Elon Musk’s Starlink a licence to provide satellite-based internet services, paving the way for the company’s entry into the country’s growing…

Microsoft (MSFT.O), forecast on Wednesday a record $30 billion in capital spending for the current fiscal first quarter, after booming sales in its Azure cloud computing business showcased the growing returns on its massive bets on artificial intelligence. Shares of the software company rose 9% in extended trading after it said Azure sales surpassed $75 billion on…

ChatGPT-maker OpenAI roughly doubled its revenue in the first seven months of the year, reaching $12 billion in annualized revenue, the Information reported on Wednesday citing a source. Reuters could not immediately confirm the report. OpenAI declined to comment. The figure implies that OpenAI is generating $1 billion a month, the report said, adding that the company…

The Income Tax department denied claims of increased long-term capital gains tax on LLPs in the new Income Tax Bill, 2025 The Income Tax department on Tuesday categorically refuted the claims of a possible increase in the long-term capital gains (LTCG) tax on Limited Liability Partnerships (LLPs) in the new Income Tax Bill, 2025. The Income Tax…

Tata Consultancy Services (TCS) has announced mass layoffs affecting approximately 12,000 employees, or 2% of its workforce, marking the largest reductions in the company’s history. The announcement of mass layoffs at Tata Consultancy Services (TCS) has prompted the Nascent Information Technology Employees Senate (NITES) to reach out to Labour Minister Mansukh Mandaviya. On Sunday, India’s largest IT…

TCS job cut: The move is part of a broader plan to adapt to changing technology trends and streamline operations as the company aims to become a “future-ready” organisation. Tata Consultancy Services (TCS), India’s largest software exporter, is planning to lay off around 12,000 employees, or about 2% of its global workforce, during the current financial year.…

Tesla CEO Elon Musk said the U.S. automaker had signed a $16.5 billion deal to source chips from Samsung Electronics, a move expected to bolster the South Korean tech giant’s loss-making contract manufacturing business. Samsung shares rose more than 6 per cent after the news. “Samsung’s giant new Texas fab will be dedicated to making Tesla’s next-generation…

McDonald’s Corp is planning to sell eight prime retail properties in Hong Kong with a total market value of around HK$1.2 billion ($152.89 million), JLL, which has been appointed as the sole agent of the sale, said on Monday. The McDonald’s outlets in the locations will continue to operate, JLL executive director of capital markets Eunice Tang…

A bitter family feud has erupted in the RS 30,000 crore Sona Group after the sudden death of chairman Sunjay Kapur. His mother, Rani Kapur, alleges coercion and exclusion from key decisions, including the appointment of daughter-in-law Priya Sachdev Kapur. Following the death of Sunjay Kapur, the fight for control over the Sona Group – an empire…

In a sweeping move under the Trump administration’s directive to streamline federal agencies, NASA is set to lose nearly 3,870 employees through a voluntary resignation programme, raising concerns about talent drain and mission safety. In a significant reshaping of the United States space programme, NASA has confirmed that approximately 3,870 employees will resign from the agency as…

A higher ethanol blend should theoretically lower the price of petrol. It has instead, potentially increased the average cost of vehicle ownership. Here’s how. Having achieved its 20% ethanol blending targets five years prior to its deadline, it’s safe to say that biofuel is to play a key role in the central government’s plan to reduce crude…

An Antonov An-24 passenger plane carrying 48 people crashed in Russia’s far east on Thursday as it was preparing to land, killing everyone on board in an incident that spotlighted the continued use of old, Soviet-era aircraft. The burning fuselage of the plane, which was made in 1976, was spotted by a search helicopter after it disappeared…

Demand in China has begun surging for a business that, in theory, shouldn’t exist: the repair of advanced Nvidia (NVDA.O), artificial intelligence chipsets that the U.S. has banned the export of to its trade and tech rival. Around a dozen boutique companies now offer repair services, according to two such firms in the tech hub of Shenzhen…

In response to rising US-China tensions and intensifying data security laws, BlackRock, the world’s largest asset manager, has implemented strict new rules for employees traveling to China. The policy, effective 16 July, prohibits the use of company-issued devices and network access during both business and personal travel, signalling growing corporate unease over regulatory unpredictability in the world’s…

A federal court in Marshall, Texas, said on Wednesday that U.S. telecom company Verizon Wireless must pay $175 million in damages for violating an inventor’s patent rights related to wireless communications technology. The jury’s decision in favor of Headwater Research comes just months after the firm secured a $278 million verdict in a separate patent dispute against…

Tesla(TSLA.O), Chief Executive Elon Musk said on Wednesday that U.S. government cuts in support for electric vehicle makers could lead to a “few rough quarters” for the company before a wave of revenue from self-driving software and services begins late next year. Shares fell nearly 5% after Musk responded on a quarterly results conference call to questions…

Hundreds of thousands of doses of mpox vaccine that the United States had promised to send to African nations are in danger of going to waste, dozens of congressional Democrats said in a letter to the U.S. State Department on Wednesday. Forty-eight Democratic members of the House of Representatives, led by Representatives Mark Pocan of Wisconsin and…

CoinDCX in the FIR said that the full financial impact is being absorbed by the company’s treasury reserves, with no losses passed on to customers. Indian cryptocurrency exchange CoinDCX has reported a major security breach resulting in a loss of approximately ₹378 crore ($44.2 million). The incident, which took place on July 19 at 4 am IST,…

The India Cellular and Electronics Association (ICEA) has warned that unnotified trade restrictions imposed by China are disrupting supply chains and jeopardising India’s target of exporting $32 billion worth of smartphones in FY26. These measures, which impact capital goods, raw materials, and skilled personnel, could reverse India’s manufacturing gains and undermine its emerging role as a global…