BizTrendWire Your quick daily dose of business trends
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Latest India business, market, economy, technology and company news from trusted global and local sources.
Source: Reuters (via feed) Bank of America has hired four veteran technology bankers, according to two internal memos seen by Reuters. The memos state the hires aim to expand the bank’s market share in technology…
Source: Reuters (via feed) U.S. Energy Secretary Chris Wright deleted a post on X about the U.S. Navy escorting an oil tanker through the Strait of Hormuz. The post said the escort was conducted "to…
Source: Reuters (via feed) Bank of America expects its net interest income to grow 7% in the first quarter. The bank also expects investment banking fees to climb 10% during the same period. These projections…
Source: Reuters (via feed) Active Dynamics Group has agreed to acquire the Walbro business from First Brands for $50 million. First Brands is a bankrupt U.S. auto parts maker. The sale was announced on Tuesday.…
Source: Reuters (via feed) The U.S. State Department said on Tuesday that it approved the potential sale of M142 High Mobility Artillery Rocket Systems to Sweden. The approval also includes related equipment. No further details…
Source: Reuters (via feed) Air India announced on Tuesday it will start a phased expansion of the fuel surcharge on its domestic and international routes. The airline cited a recent rise in jet fuel prices.…
Source: Reuters (via feed) India's Reliance Industries said on Tuesday it is maximizing production of liquefied petroleum gas (LPG). The company operates the world's biggest refining complex. It is also diverting its locally produced natural…
Source: Reuters (via feed) SpaceX wants early inclusion on the Nasdaq 100 index. Reuters sources say this is a necessary condition for a potential listing on Nasdaq. The company is considering a listing on the…
Source: Reuters (via feed) JPMorgan Chase hired Firdaus Pohowalla as a managing director. This appointment is to strengthen the firm’s North America mid-cap mergers and acquisitions team. The information comes from an internal memo reviewed…
Source: Reuters (via feed) Three companies are drawing fresh analyst attention this week. They come from different sectors. Accenture operates in IT services. Thomson Reuters is in financial media. TELUS is a Canadian telecom company.…
Source: Reuters (via feed) Creditors of the United Kingdom’s Market Financial Solutions face a shortfall of 1.3 billion pounds, about $1.75 billion. This information comes from recent court filings reported by Bloomberg News. The filings…
Source: Reuters (via feed) Airspace restrictions in the Middle East linked to the Iran war have affected Indian airlines. The Middle East is an important corridor for flights from India to Europe and the United…
Source: Reuters (via feed) Citigroup expects mid-teens percentage growth in its investment banking fees in the first quarter, CEO Jane Fraser said on Tuesday. The announcement came in a public statement without additional details. No…
Source: Reuters (via feed) EU chief Ursula Von der Leyen said on Tuesday that reducing Europe's nuclear energy sector was a "strategic mistake." Her remarks came as European governments dealt with an energy crunch related…
Source: Reuters (via feed) Sweden-based legal AI startup Legora said on Tuesday it had raised $550 million in a Series D funding round. The funding valued the company at $5.55 billion. Legora plans to accelerate…
Source: Reuters (via feed) IndiGo's CEO Pieter Elbers has stepped down, the company's largest airline said on Tuesday. The resignation follows the carrier's worst-ever operational crisis in December. This crisis drew scrutiny from both the…
Source: Reuters (via feed) The top U.S. general said on Tuesday that the United States was carrying out strikes against Iranian mine-laying vessels. BizTrendWire Insight: The U.S. military’s actions involve operations against vessels linked to…
Source: Reuters (via feed) The World Health Organization warned on Tuesday that "black rain" falling in Iran after strikes on oil facilities could cause respiratory problems. The WHO supported Iran’s advisory urging people to remain…
Source: Reuters (via feed) India is emerging as the top pick in Asia-Pacific private markets, according to a survey by McKinsey & Company and the Indian Venture and Alternate Capital Association. The survey found that…
Source: Reuters (via feed) U.S. President Donald Trump told Fox News in an interview on Monday that it is possible he would be willing to talk with Iran. Fox News reported the interview on Tuesday.…
Source: Reuters (via feed) America’s interest in weight loss is linked to a rising demand for condiments and spices. This trend follows increased use of GLP-1 drugs. Consumers are seeking more flavor in their food.…
Source: Reuters (via feed) What matters in U.S. and global markets today BizTrendWire Insight: An image summarizes current considerations in U.S. and global markets. Read full story on Reuters
Source: Reuters (via feed) Scores of small Indian steel producers have warned of production cuts due to disruptions in gas supplies. The disruptions follow the escalating conflict in the Middle East. Industry officials reported these…
Source: Reuters (via feed) The decision to reduce nuclear energy in the European Union’s electricity production mix was a strategic mistake, EU Commission President Ursula Von der Leyen said on Tuesday. She noted that the…
Source: Reuters (via feed) Indian shares settled higher on Tuesday, rising from their lowest levels in nearly a year. The gains followed an easing of crude oil prices. The price easing came during a relief…
