Business, trade and the world

Hasina spat stalls Bangladesh-India reset. What would break the deadlock?

Analysts say an Indian commitment not to allow ousted Bangladesh PM to engage in politics from their soil would help.

Federer to play tennis at US Open but rules out Williams-like return

The 20-time Grand Slam champion confirmed he’s only going to play in an exhibition match and has no plans to return.

'India is a country ripe for innovation across many facets of our business': Marriott International CEO

Marriott sees India as a key growth market, planning significant expansion and new hotel openings. The company is adapting its brands and products to suit Indian consumer preferences. Innovation is a focus, with India serving as a testing ground for new initiatives. Artificial in

Indonesia's commodity export 'intermediary' continues to sow confusion

HoABL, NITCO ink pact for 40-acre, Rs 4,500 cr mixed-use project in Alibaug

House of Abhinandan Lodha is teaming up with NITCO Ltd to develop an impressive mixed-use project in Alibaug that promises to generate revenues around Rs 4,500 crore. This ambitious venture will include high-end apartments, exquisite townhouses, and a boutique hotel. With a plann

Musk-led SpaceX to launch first Nvidia-powered AI satellite, eyes orbital data centre debut in 2027

SpaceX founder Elon Musk announced that the company plans to launch its first AI satellites powered by Nvidia chips in Q4 next year, with the fleet expected to reach significant scale by 2028. The company is also pursuing plans for orbital data centres.

Delhi HC asks FSSAI to hold off on ITC licence action over ‘100% atta’

The Delhi High Court has asked FSSAI to pause its decision on ITC's licence cancellation. ITC challenged the regulator's advisory regarding '100%' claims on food product labels. The court sought FSSAI's response to ITC's petition and will hear the matter again. ITC argues existin

Axis Bank bets on data centres to gold loans to outpace industry credit growth

Axis Bank expects credit growth to exceed the industry average this fiscal year. Strong demand stems from corporate sectors and retail borrowers seeking gold loans. Data centres and manufacturing are driving corporate credit expansion significantly. Retail growth is fueled by gol

How full equity buyouts could help China’s cooling bubble tea sector turn a new leaf

Fuelled by the recent bubble tea boom and an intensely competitive market, financial investors have shown growing interest in the sector’s major brands, shifting their playbook from early-stage bets and initial public offering subscriptions to full equity buyouts. Growth of mid t

Lego posts record first-half revenue, CEO touts strong sales at high-end and value pricing

Lego CEO Niels Christiansen told CNBC the company is seeing strong sales at both ends of the pricing spectrum.

Airbound raises $37 million in Series A round from Greenoaks

The Bengaluru startup will use the funding to expand engineering, commercial manufacturing and go-to-market efforts as it builds drone delivery networks in India.

US Treasury’s Scott Bessent ‘making mistake’ interfering with bond markets, former mentor warns

Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley DruckenmillerScott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury secretary’s former mentor.Bi

Gold hits highest level in three months as traders worry about US inflation and bond market jitters – business live

Spot gold touches almost $4,700 an ounce while oil prices fall despite threat of heavy US sanctions on Iran and any country trading with itGood morning, and welcome to our rolling coverage of the global economy, the financial markets, the eurozone and business.Gold has climbed fu

DGCA weighs annual random drug tests for pilots after Air India Phuket-Delhi incident: Ram Mohan Naidu

India's aviation regulator is considering mandatory annual random drug tests for all pilots. This proposal follows a recent Air India incident, prompting policy review. Currently, only ten percent of pilots undergo random drug testing each year. The Directorate General of Civil A

The Iran war is bringing cyberwarfare into critical infrastructure

Recent attacks in the UK and the US demonstrate critical vulnerabilities that governments need to urgently address.

Forget salaries: Microsoft employees are revealing how much AI they use — the numbers may surprise you

Microsoft's latest analysis on AI usage shows a median monthly cost of $300, with one employee reporting $28,000. Despite extensive AI integration efforts, the data show no correlation between AI spending and employee promotions, raises, or bonuses

Fulham vs Chelsea: Alonso starts new era with thrilling 3–2 win

Joao Pedro, Morgan Rogers and Cole Palmer on target as Chelsea open scoring within 31 seconds of the match in London.

India caps airport bundles per bidder to curb market concentration concerns: Report

The government plans to cap private bidders winning airport bundles. This aims to prevent excessive market concentration and financial leverage risks. Eleven Airports Authority of India airports will be leased in five bundles. Major airport operators are increasing their investme

Tamil Nadu plans new international airport near Chennai after dropping Parandur project

Tamil Nadu plans to establish a new international airport near Chennai to meet growing passenger and cargo demand, with alternative sites to be identified and assessed by the Airports Authority of India. The plan follows the state government's decision to abandon the proposed Par

Angel Reese breaks WNBA record with 26 rebounds in Dream’s win over Sparks

Reese broke Chamique Holdsclaw's record of 24 rebounds and added 11 points for her 27th double-double of the season.

Libya factions draft initial election pact amid lingering mistrust

Libyan factions sign an initial an election pact, but divided institutions and deep legal gaps threaten its execution.

Why experience alone is not enough for the next level of leadership

The Indian School of Business presents PGP MAX, designed specifically for senior leaders boasting over ten years of experience. This modular program is crafted to enhance leadership skills at the enterprise and C-suite levels through thorough learning. Participants will acquire a

Rooftop solar, KUSUM account for 40% of India's solar capacity additions in FY27 till July: Bernstein

Rooftop solar and KUSUM scheme are driving India's solar capacity growth. These initiatives accounted for forty percent of additions in the current fiscal year. Utility-scale projects face transmission challenges, impacting their expansion. India added significant renewable capac

China’s new traffic safety law set to clarify liability for fully automated cars

Beijing could soon hold carmakers legally responsible for traffic violations when autonomous driving systems are in use, marking an important step towards clearing regulatory hurdles to wider commercialisation. The Standing Committee of the National People’s Congress, China’s top

Lloyds Bank is holding on to our urgently needed £5,500

We want our balance back, but we can’t access the money to pay for essential repairs and settle an electricity billLast November, Lloyds Bank informed me, in my role as treasurer of my parish church, that the church account was to be closed and that I should open a new business a

Australia’s music charts ban AI-made songs amid backlash over Madonna cover

Tracks that use AI in a 'supporting role' will still be eligible for inclusion in the official charts.

MSE: Building the capital markets of a Viksit Bharat

India's capital market is on the brink of a transformative shift as more investors engage actively. The Metropolitan Stock Exchange (MSE) is dedicated to cultivating a resilient financial framework, improving accessibility, and mitigating costs for emerging investors throughout t

NU Vista receives ₹15.41 crore Show Cause Notice for input tax credit irregularities

Cement firm NU Vista received a ₹15.41 crore notice alleging input tax credit irregularities. The notice covers four fiscal years from 2020-21 to 2023-24. It proposes denying input tax credit for civil construction and canteen expenses. The company also faces proposed denial of o

Puravankara inks joint development pact to develop 7.83-acre in south-east Bengaluru

Puravankara has signed a joint development agreement for a 7.83-acre residential project in southeast Bengaluru with an estimated ₹1,100-crore development value. The deal takes its FY27 Bengaluru land additions to nearly 50 acres, with potential GDV of ₹6,300 crore.

‘Petty grievances’ and an alleged troublemaker: unsealed Murdoch court documents give rare glimpse into bitter succession battle

Rupert Murdoch said in newly released correspondence that it would be a disaster if his media empire fell into the ‘wrong hands’A year ago, Rupert Murdoch resolved the long-running fight over which of his children would control his sprawling media empire, ending a bitter legal ba

Two US carrier groups in Middle East strain navy resources

Deploying two US carrier strike groups to the Middle East represents a significant concentration of firepower

Gold and bitcoin jump as investors shift capital away from dollar

The Gurkha families fighting for their pensions

Gurkhas who retired before 1997 receive far less than their British Army counterparts.

France and Saudi Arabia plan Dragon Ball Z theme park near Paris

France and Saudi Arabia plan to invest $7bn in three amusement parks near Paris, including one based on Japanese manga.

Drought leaves 'barely any apples' to make cider

Some orchards are harvesting just a 10th of their usual crop, and facing an uncertain future.

‘Never seen this level of objection’: Scotland pushes back against datacentre boom

Holyrood ‘inching towards moratorium’ amid concerns over massive proposed developments in Auchtertool and beyondIn a village 21 miles north of Edinburgh, a real estate consultancy plans to build a datacentre larger than the village itself – 35 metres high, with an area larger tha

Climate damage would obliterate any economic benefits of new North Sea fields, analysis shows

Exclusive: Economic harm of CO2 pollution from Rosebank and Jackdaw forecast to far outweigh any boost to UKThe climate damage caused by developing the Rosebank and Jackdaw oil and gas fields under consideration by the UK government would destroy their economic benefits many time

Canadians do not seek a trade war – but neither will we be bullied by Donald Trump | Jen Gerson

A fundamental rupture in the values that have united North America is not a problem that can be wished away: this is a warning to the western allianceThe Canadians are exceedingly angry. I realise this can sometimes be difficult for foreigners to deduce, given our national strugg

As global drug giants grow cautious, can Chinese biotech keep cashing in on out-licensing?

Record-breaking cross-border deals helped make some formerly loss-making Chinese biotech companies profitable in the first half of the year, but multinational drugmakers are now signalling plans to tighten deal budgets. Analysts said deals with global partners had overtaken initi

The organization rewritten: The forces reshaping the modern enterprise

Something profound is happening to the modern organization. It is easy to mistake it for another technology cycle, another bout read more The organization rewritten: The forces reshaping the modern enterprise