The Iran war and oil price surge highlight the rupee’s weakness. Banks propose cross-currency trades versus Asian currencies.
Category: India
Latest India business, market, economy, technology and company news from trusted global and local sources.
UBS completes migration of Credit Suisse clients in Switzerland
UBS finished moving Credit Suisse clients in Switzerland to its platforms, marking a key phase in the integration process.
India to mandate locally made solar ingots, wafers for clean energy projects from June 2028
India to require locally made solar ingots and wafers for clean energy projects by June 2028.
India’s Axis Bank to infuse $162 million in consumer lending arm
Axis Bank will invest $162 million in its consumer lending unit, Axis Finance.
A mystery AI model has developers buzzing: Is this DeepSeek’s latest blockbuster?
A new AI model appeared anonymously, raising speculation about DeepSeek's next system.
India shares set to open higher as markets extend cautious recovery
India's stock benchmarks look set to open higher amid cautious market recovery and steady oil prices above $100.
Rupee counts on RBI backstop before Fed decision; oil looms large over outlook
Indian rupee expected to stay near 92.50 per dollar with RBI support as traders await Fed decision amid rising oil…
Exclusive: Nvidia preparing Groq chips that can be sold in Chinese market, sources say
Nvidia is developing Groq AI chips for sale in China, according to sources.
Jio may file IPO prospectus as early as March, Bloomberg News reports
Reliance Industries plans to file a draft red herring prospectus for Jio Platforms’ IPO by March end.
Iran war is not delaying US weapons shipments to Taiwan, officials say
U.S. officials say Iran war is not affecting weapons shipments to Taiwan or policy.
US House panel subpoenas Attorney General Bondi in Epstein probe
US House committee subpoenas Attorney General Pam Bondi for testimony in Epstein investigation.
US expands Golden Dome cost estimate to $185 billion, enlists top defense firms
The US raises Golden Dome missile defense cost to $185 billion, with Lockheed Martin, RTX, and Northrop Grumman as prime…
UBS comfortable with exposure to private credit funds, CFO says
UBS CFO Todd Tuckner expressed comfort with the bank’s exposure to private credit funds amid market concerns.
Exclusive: US encourages Syrian action against Hezbollah, Damascus is hesitant, sources say
The US asked Syria to disarm Hezbollah by sending forces to eastern Lebanon, but Syria is reluctant fearing war and…
NATO countries don’t want to get involved in Iran operation, Trump says
President Trump said most NATO allies do not want involvement in US Iran operation.
Debt investors offloading exposure to software companies is latest sign of pain
Debt investors are selling software company loans at a discount amid AI-driven industry changes.
Intercontinental Exchange launches private credit platform to address transparency concerns
Intercontinental Exchange launches a platform to improve transparency in the private credit market amid investor concerns.
India parliament panel calls for tighter protection for gig workers
An Indian parliamentary panel recommends mandatory registration of gig workers and clearer legal obligations for platforms' social security contributions.
Exclusive: Macquarie walks away from Kuwait oil pipelines deal amid Iran war, sources say
Macquarie exits Kuwait oil pipeline stake bidding, citing Iran war risks.
Commerzbank CEO calls UniCredit offer a very low price
Commerzbank CEO Bettina Orlopp called UniCredit's offer a very low price, expressing resistance to the takeover bid.
Poland will not send its troops to Iran, PM Tusk says
Poland will not deploy troops to Iran as the situation does not threaten its security, says PM Tusk.
White House says US seeking fertilizer from Venezuela, Morocco
US seeks fertilizer supplies from Venezuela and Morocco amid Iran shipping issues, says White House adviser
UK banking stability watchdog proposes liquidity reform for banks
Britain's financial stability watchdog proposed liquidity reforms for banks to improve asset monetisation in stress events.
Iran war may push 45 million people into acute hunger by June, WFP says
The World Food Programme warns the Iran war could increase acute hunger to 45 million by June.
Private credit noise to continue, Deutsche Bank CEO predicts
Deutsche Bank CEO Christian Sewing says private credit worries will persist but do not pose systemic risk.
