Business News
Latest updates from the business world and financial markets
Why oil’s not at $200 after the biggest supply shock in history
Global oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US oil exports and a significant drop in Chinese demand are helping to absorb the shock. Strategic reserves have been relea…
Russia's oil major says US companies benefit from the closure of the Strait of Hormuz
Rosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the United States is altering global energy markets to serve its own interests. Sechin also noted that the OPEC+ group has …
Sika targets growth from China renovation market, global data centres
Sika has re-calibrated its business model there, originally very heavily focused on new-build projects, to also focus on the renovation business, especially in already almost saturated markets such as Shanghai, Beijing and Guangzhou.
University of Liverpool campus in Bangalore now: Courses offered, admissions process, and fees explained
The Ministry of Education has approved the University of Liverpool's branch campus in Bengaluru. This UK institution will offer undergraduate and postgraduate courses starting in 2026. Students can pursue degrees in Business Management, Computer Science, Biom…
Ardeshir and Pirojsha Burjorji, the inventor and builder duo who founded the Godrej group
How Ardeshir Godrej's inventions and Pirojsha Godrej's institution-building skills transformed a small Bombay workshop into one of India's most enduring business houses.
Netflix's Reed Hastings steps aside after nearly 30 years; Jay Hoag becomes chairman
Netflix has appointed lead independent director Jay Hoag as its new chairman, succeeding co-founder Reed Hastings. Hastings, who stepped down from the board after nearly three decades, will focus on his philanthropic endeavors. Hoag, a long-time investor and …
1st tranche of US trade deal by mid-July: Piyush Goyal
India and the US are nearing the finalization of an interim trade agreement, with the first tranche expected to be executed by mid-July. Commerce and Industry Minister Piyush Goyal stated that negotiations are progressing rapidly to close all outstanding issu…
Great Nicobar Project isn't about defence: Rahul Gandhi
Congress MP Rahul Gandhi released a video of his Nicobar visit, calling the Great Nicobar Project a "lie" and alleging it benefits a businessman for hotels and casinos. He initiated an online petition, "we choose green over greed," urging Indians to protect t…
GDP rose 7.7% in FY26, 7.8% in Q4; RBI trims this year's projection to 6.6%
India's economy surged by 7.8% in the Jan-March quarter, driven by strong investment, consistent farm output, and expansion in construction and tertiary sectors. This robust demand offset potential negative impacts from West Asian conflicts. The government re…