How India Navigated the West Asian Oil Shock: Diversification and Demand Destruction
India managed the West Asian oil shock through crude diversification and demand destruction, protecting households but straining trade and commercial sectors.
Business
Ligent Technologies Seeks $723 Million in Hong Kong IPO to Fund AI-Led Expansion
Ligent Technologies is raising about HK$5.67 billion ($723 million) in a Hong Kong IPO, backed by $340 million from cornerstone investors, to fund R&D and production expansion.
Dollar Holds Firm as Yen Nears Seven-Month Peak Before Fed and BOJ Calls
The dollar was steady while the yen hovered near a seven-month high as markets awaited Federal Reserve and Bank of Japan policy decisions amid oil above $100.
Chubu Electric President to Step Down Over Falsified Hamaoka Seismic Data
Chubu Electric Power's president and chairman are set to resign after the utility was found to have submitted falsified seismic data in its bid to restart the Hamaoka nuclear plant.
GE HealthCare Said to Be in Talks for $1 Billion Sofie Biosciences Deal
GE HealthCare Technologies is reportedly negotiating a roughly $1 billion purchase of radiopharmaceutical developer Sofie Biosciences.
BRICS trade growth seen drawing more sovereign wealth capital
SWFI board chair Lakshmi Narayanan Ramanujan says growing BRICS trade could draw more sovereign wealth capital into member economies.
Oil Supply Fears and Fed Vote in Focus as Middle East Markets Open
Middle East markets head into Sunday with oil near an 8% weekly gain, fresh Hormuz shipping alerts and a wave of regional energy deals in play.
India Can Produce 62 MMT of Compressed Biogas a Year, Animal Waste Biggest Source
India's 472 MMT of annual feedstock can yield about 62 MMT of compressed biogas, with animal waste the largest contributor, an Equirus report says.
Tesla to unveil long-delayed Roadster on October 1, Musk says
Tesla will unveil its long-delayed next-generation Roadster on October 1, CEO Elon Musk has said.
Hyundai to launch in-house driver-assist software in 2029, two years behind schedule
Hyundai Motor Group will debut its proprietary driver-assistance software in late 2029, two years later than planned, and will partner with Nvidia on interim systems from 2028.
Worker Housing Emerges as a Business Along India's Factory Corridors
A service industry is growing around worker accommodation in manufacturing corridors such as Sriperumbudur, even as big employers continue to rely on in-house and mixed housing arrangements.
SBI Research projects RBI rate hikes in October and December as crude, inflation risks mount
SBI Research expects the RBI to raise the policy rate by 25 bps in October and again in December, citing costlier crude and widening inflation pressures.
NRL targets eastern and northeastern fuel markets with 9 MMTPA expansion by 2027
Numaligarh Refinery Limited plans to commission its expansion to 9 MMTPA by March 2027, aiming to serve eastern and northeastern India and eventually neighbouring markets.
India's data centre value chain seen touching USD 90 billion by FY35
A KPMG report estimates India's data centre construction and infrastructure value chain could grow to USD 90 billion by FY35 from USD 30 billion by FY30.
SEBI floats options to rework derivatives expiry settlement pricing
SEBI has proposed two options for determining expiry-day settlement prices of index and stock derivatives, and invited public comments by October 3.
Isprava's Bet: Can Bespoke Luxury Villas Be Built at Scale?
Isprava Group has grown from a Goa villa developer into a luxury homes, rentals and private club business, raising the question of whether bespoke design can scale.
Fed Rate Decision and August Retail Sales Data Set to Drive Wall Street This Week
The Federal Reserve wraps up its two-day meeting Wednesday and could raise rates, while August retail sales data will offer a read on consumer spending.
India's ethanol supply touches 895 crore litres; grain feedstocks lead at 70%
India's ethanol supplies reached 895 crore litres by August-end, with grain-based feedstocks contributing 624 crore litres, or nearly 70% of the total.
SEBI floats options on derivatives settlement price, CAS timings
SEBI has proposed two options each for derivatives settlement pricing and market timings, alongside changes to the Closing Auction Session, inviting public comments until October 3.
Profitability, governance to define India's next FinTech phase: report
India's FinTech sector is shifting from growth-led experimentation to profitability, governance and resilience, with capital favouring lending and payments, a PwC report says.