ECB to talk tough as Iran war raises inflation fears
Source: Reuters (via feed) The European Central Bank is expected to keep interest rates on hold at 2% on Thursday. The ECB will make clear it stands ready to raise rates if the Iran war…
Category: India
Latest India business, market, economy, technology and company news from trusted global and local sources.
Exclusive: Bridgewater’s chief scientist Sekhon to join Google’s DeepMind AI unit
Source: Reuters (via feed) Jasjeet Sekhon, a top executive at Bridgewater Associates, is joining Google’s artificial intelligence unit DeepMind. Sekhon will assume the role of chief strategy officer at DeepMind. The appointment was confirmed by…
India’s HDFC Bank part-time chairman resigns, citing differences in ‘values and ethics’
Source: Reuters (via feed) HDFC Bank said late on Wednesday that its part-time Chairman Atanu Chakraborty had resigned. He cited differences with the lender over his "values and ethics" as the reason for his departure.…
India orders oil and gas firms to share data with central agency
Source: Reuters (via feed) India has ordered companies in the oil and gas sector to submit detailed data to a central government agency. The data includes production, imports, stocks, and consumption. This directive was issued…
Exclusive: Vance plans Hungary visit in show of support for Orban ahead of tight election, sources say
Source: Reuters (via feed) U.S. Vice President JD Vance is planning to visit Hungary in the coming days. The visit is described by two sources as a show of support for Prime Minister Viktor Orban.…
Researchers uncover iPhone spyware capable of penetrating millions of devices
Source: Reuters (via feed) Researchers reported a powerful spyware exploit planted on dozens of websites in Ukraine in recent weeks. This software can penetrate and steal information from potentially hundreds of millions of Apple iPhones.…
UniCredit CEO says pan-European ambitions take precedence over Italian consolidation
Source: Reuters (via feed) UniCredit CEO Andrea Orcel said on Wednesday that a potential combination with Commerzbank is currently the bank’s priority. He added that further consolidation in Italy could still provide opportunities in the…
IMF mission starts talks with Ukraine as unpopular tax hikes for entrepreneurs loom
Source: Reuters (via feed) An International Monetary Fund mission began talks with Ukraine's government on Wednesday. The discussions took place as Ukraine faces an uphill battle to pass unpopular tax increases for small businesses and…
US to require $15,000 bond to visa recipients from 12 more countries
Source: Reuters (via feed) President Donald Trump's administration will require citizens from 50 countries to post bonds of $15,000 to apply for U.S. entry, a State Department official said on Wednesday. The requirement covers visa…
India approves $3.6 billion to develop industrial parks to boost manufacturing
Source: Reuters (via feed) India's cabinet approved spending of 336.60 billion rupees ($3.63 billion) to develop 100 industrial parks. Information minister Ashwini Vaishnaw announced the approval on Wednesday. The spending is aimed at boosting domestic…
As UniCredit woos Commerzbank, BNP Paribas shuns big M&A, its Germany chief says
Source: Reuters (via feed) BNP Paribas is avoiding major cross-border acquisitions, said Lutz Diederichs, head of its German unit. He said the bank is opting instead for smaller and less-complicated deals. Diederichs described this approach…
India cabinet approves $279 million hydropower scheme
Source: Reuters (via feed) India's cabinet approved a hydropower development scheme valued at 25.85 billion rupees ($279 million). The announcement was made on Wednesday by Information Minister Ashwini Vaishnaw. No other details about the scheme…
Greek firms scan computer systems as Iran war raises cyberattack risks, sources say
Source: Reuters (via feed) Greek shipowners and other companies in Greece are scanning their computer systems for cyberattacks. This follows advice from the National Cybersecurity Authority, two sources said on Wednesday. The advisory was issued…
India adds 120,000 new piped gas connections in last two weeks, government says
Source: Reuters (via feed) India has added 120,000 new piped gas connections in the last two weeks, a government spokesperson said on Wednesday. The spokesperson attributed this increase to developments amid disruptions in liquefied natural…
Israel says Iranian Intelligence Minister Khatib killed overnight
Source: Reuters (via feed) Israel's Defence Minister Israel Katz said on Wednesday that Iranian Intelligence Minister Esmail Khatib was "eliminated" in a strike overnight. Katz made the announcement regarding the incident. BizTrendWire Insight: The statement…
Ambani’s Reliance Jio hires banks for IPO, will raise no new funds, sources say
Source: Reuters (via feed) Reliance Jio Platforms has hired 17 banks to manage its stock listing in Mumbai. The company will not raise any new funds through this initial public offering. The listing will allow…
India launches anti-dumping probe into ethyl chloroformate imports from China
Source: Reuters (via feed) India on Tuesday opened an anti-dumping investigation into ethyl chloroformate imports from China. The investigation followed a complaint from a domestic producer. The complaint stated that ethyl chloroformate was being sold…
StanChart reviews offers from India’s Kotak, Federal to acquire credit-card-only customers, sources say
Source: Reuters (via feed) Standard Chartered is reviewing offers from Kotak Mahindra Bank and Federal Bank. The proposals concern up to 600,000 customers in India who hold only credit card accounts with the British lender.…
India’s privatisation drive derails because of weak investor interest
Source: Reuters (via feed) India is considering shelving three planned privatisation sales amid weak investor appetite, according to two government sources. This weak demand has already disrupted the government’s attempt to sell a stake in…
Indian rupee hits record low as Middle East hostilities keep energy worries in focus
Source: Reuters (via feed) The Indian rupee fell to its lifetime low on Monday. The drop continued amid ongoing hostilities in the Middle East. The conflict has kept oil prices elevated. Elevated oil prices have…
KKR to invest up to $310 million in India e-bus deal
Source: Reuters (via feed) U.S. private equity firm KKR said it will invest up to $310 million through a partnership. The partners include Indian electric commercial vehicle maker PMI Electro Mobility Solutions. The investment also…
UniCredit CEO says has ‘relatively constructive’ approach to digital euro
Source: Reuters (via feed) UniCredit CEO Andrea Orcel said the digital euro will have a negative impact on banks' liquidity and profit margins. He noted this effect is due to the digital euro taking away…
Iran war spotlights India rupee’s vulnerability, banks pitch cross-currency trades
Source: Reuters (via feed) India's rupee outlook shows vulnerability amid the Iran war. Rising oil prices are a related factor. Banks are promoting cross-currency trades. These trades target the rupee's underperformance against certain Asian peers.…
UBS completes migration of Credit Suisse clients in Switzerland
Source: Reuters (via feed) UBS said on Wednesday it had completed the migration of former Credit Suisse clients in Switzerland onto its platforms. This move is a major milestone in the integration of Credit Suisse.…
India to mandate locally made solar ingots, wafers for clean energy projects from June 2028
Source: Reuters (via feed) India's renewable energy ministry said on Wednesday it is proposing that clean energy firms use only locally made solar ingots and wafers starting in June 2028. The proposal aims to curb…