Business News
India considers halting shadow banks from duplicating business
The Reserve Bank of India (RBI) is considering stricter rules for shadow lenders, aiming to curb overlapping business activities between parent companies and their subsidiaries. This move aligns with existing regulations proposed for banks and seeks to mitiga…
Wedding bells for Anchor Anushree: Popular Kannada TV host Anushree gets married to Roshan in Bengaluru
Popular Kannada television host and actress Anushree married businessman Roshan in a traditional ceremony near Bengaluru. The Haldi ceremony pictures went viral, exciting fans. The wedding, a blend of tradition and modernity, was attended by Sandalwood stars …
Family Power: Adani Group adds women leaders by tapping founders’ inner circle
Gautam Adani's conglomerate is increasing female leadership, including family members, to meet diversity goals. Srushti Adani will lead digital initiatives, while Diva Adani will focus on airport business strategies. This move reflects a broader trend in Indi…
Russian crude exports slide on drone strikes and Trump's tariffs
Recent Ukrainian drone strikes targeting Russian oil infrastructure, coupled with increased US tariffs on Indian goods, appear to be impacting Moscow's crude oil exports. Weekly shipments have declined, particularly from the Baltic port of Ust-Luga, reaching …
Sri Lanka seeks Chinese loans in Yuan instead of USD for infra project
Anura Kumara Dissanayake, the President of Sri Lanka, secured cabinet approval to borrow $500 million from China's Exim Bank. The loan will fund the Central Expressway project. Sri Lanka will convert US dollar reserves to repay the loan. This move raises conc…
AI giant Nvidia beats earnings expectations but shares fall
AI powerhouse Nvidia reported quarterly earnings Wednesday that beat expectations, but shares slipped amid concerns about an AI chip spending bubble and the company's stalled business in China. - Fortune in play - The earnings report comes amid market worries…
Blow for exporters! How will Donald Trump’s tariffs hit India Inc? Check sector & company-wise list
The steep hike in US tariffs on several key Indian exports in FY 2024–25 has dealt a major blow to India’s trade prospects. Core sectors including garments, rice, shrimp, home textiles, jewellery, and others now face crippling duties that threaten competitive…
Will Politics Get Trump-Tariffed?
High US duties will worsen an already existing jobs crunch. With Bihar polls soon & big state polls next year, there’s a political aspect to this. But Modi has enough political capital to execute key reforms that’ll create more jobs
Amazon aiming to deploy Kuiper satellite services in Vietnam
Amazon is planning to launch its Kuiper satellite services in Vietnam, investing $570 million by 2030 to build infrastructure and terminal manufacturing through local partnerships. The initiative aims to deliver broadband internet via low Earth orbit satellit…