Fuel Prices Steady as Crude Sees First Weekly Drop in Three Weeks
Petrol and diesel prices remain stable across Indian cities. Brent crude saw its first weekly decline in three weeks, while CNG prices rose in Delhi.
Business
AI hardware demand rivals Trump tariffs in driving core inflation: Fed study
A Minneapolis Fed study finds AI-driven demand for computer hardware is pushing up core inflation as much as early-2025 US tariffs.
MSME raw material support set to triple by FY30
India plans to triple state-assisted raw material procurement for MSMEs to 900,000 tonnes yearly by FY30, addressing price volatility and supply disruptions.
Lower Saxony Premier Urges Compromise Ahead of VW Board Meeting
Lower Saxony's premier urges VW to find a compromise on restructuring before the September 4 board meeting, balancing cost cuts with social responsibility.
AI-Led Productivity Gains Seen as Key to Sustaining European Equity Rally
Morgan Stanley Wealth Management says European equities need AI-driven productivity gains to sustain outperformance as their valuation discount over global peers has narrowed sharply.
Revised CBG Pricing Aims to Boost Producers Without Hitting Consumers
India revises CBG pricing under GOBARdhan to Rs 2,110/MMBtu, with government support limiting impact on CNG and PNG consumers.
Argentina to ease pharma market access for Indian firms
Argentina will work to upgrade India's regulatory status and reduce entry barriers for Indian pharmaceutical companies, boosting bilateral trade.
OpenAI to sever AI model supply to SpaceX-owned Cursor, deepening Musk feud
OpenAI will stop providing AI models to Cursor, now owned by SpaceX, citing trust issues with Musk's firms. Anthropic boosts compute for Claude in Cursor.
Currency hedging may raise green project financing costs by 6-8%
Currency hedging could add 6-8% to annual financing costs for green projects in India, deterring global investors, per CII-IIMA taskforce.
Gold Miners Post Record Margins as Prices Outpace 16% Cost Surge
Record gold prices in Q1'26 drove mining margins to all-time highs, even as costs rose 16% YoY, per the World Gold Council.
Ola Electric Bags Rs 95.81 Crore PLI-Auto Incentive for Third Straight Year
Ola Electric receives Rs 95.81 crore PLI-Auto incentive for FY 2026-27, marking its third consecutive annual sanction.
Sandhya Devanathan leaves Meta, joins OpenAI as VP for Southeast Asia and Australia
Sandhya Devanathan exits Meta after 10+ years to join OpenAI as VP for Southeast Asia and Australia, a newly created role.
OpenAI Ends Cursor Model Supply After SpaceX Takeover
OpenAI is terminating Cursor's direct access to its models by November 2026, citing SpaceX's acquisition and past compliance issues.
OpenAI to sever Cursor ties after SpaceX acquisition, deepening Musk feud
OpenAI will stop supplying AI models to Cursor, now owned by SpaceX, citing contract breaches and escalating the Musk-Altman conflict.
Micron CEO Sanjay Mehrotra Named to TIME100 AI List for 2026
Micron CEO Sanjay Mehrotra has been named to TIME's 2026 TIME100 AI list, recognizing his leadership in AI memory technology.
Executive coaching boom hits price war as AI enters the room
India's executive coaching industry is in a price war, with new entrants undercutting veterans and AI emerging as a cheaper alternative.
India's Week in Data: UPI Turns 10, Services Inflation Gauge, Onion Express
UPI completes a decade, a new services PPI shows airfares soaring, and the Kanda Express rolls out as onion prices spike.
Sitharaman begins US visit with G20 finance talks, investor outreach
FM Sitharaman's US visit: G20 finance meetings, investor roundtables, and startup ecosystem talks in Chicago and New York.
Delhi CNG price hiked by ₹3.89 per kg; new rate effective from August 29
IGL hikes Delhi CNG price by ₹3.89/kg to ₹86.98, effective 6 am Aug 29, citing elevated global LNG prices.
Auto retail sales pick up in August on festive demand, supply gains
Passenger vehicle and two-wheeler retail demand strengthened in August, aided by the Onam festival and improved supply chains.