India's internet economy poised for long-term expansion, says brokerage
Morgan Stanley sees sustained growth for India's internet economy, with food delivery and e-commerce logistics set for major expansion.
Business
RBI's Early FCNR Window Closure Unlikely to Dent Banking System Gains
RBI's early closure of the FCNR(B) window is unlikely to hurt banks, as inflows of $52.3 billion have already boosted liquidity and eased funding costs.
India scraps petrol export duty, keeps diesel and ATF levies unchanged
India has reduced the export levy on petrol to nil for the August 15-31 fortnight, while retaining duties of Rs 24 per litre on diesel and Rs 19.5 per litre on ATF.
WPI Inflation to Stay Elevated in FY27; Retail Pass-Through Seen Limited
Wholesale inflation remains high at 9.8% in July, with FY27 outlook elevated due to food and fuel costs. Retail inflation pass-through expected to be limited.
H-1B Extension Fee: A Recurring Cost That May Not Deter Retention
US expands H-1B extension fees to more employers from Sept 9. Experts say retention value may outweigh the recurring cost.
Anthropic's IPO valuation hinges on $200 billion 2028 revenue forecast
Anthropic's IPO valuation is being built on a projected $190-200 billion revenue for 2028, with investors using forward multiples from Cloudflare, Palantir, and SpaceX.
Cosan narrows Q2 loss, revamps leadership and exits NYSE
Cosan's Q2 net loss fell 66% year-on-year to R$320 million, aided by lower interest costs. The firm also named a new CFO and will delist from the NYSE.
JGB yields ease as Treasury rally offsets BOJ hike expectations
Japanese government bond yields fell on Friday, tracking a U.S. Treasury rally, even as markets firm up bets on a Bank of Japan rate hike next month.
Indian Rice Export Prices Climb to Near One-Year High on Tight Supply
Indian rice export prices hit a near one-year high this week, driven by tight supplies and steady African demand. Vietnam and Thai prices also rose.
Gold Slips From Two-Month Peak as Investors Book Profits
Gold prices fell on Friday as investors locked in gains after a two-month high, with soft US inflation data reducing expectations of a September Fed rate hike.
Yen's weekly slide revives talk of fresh intervention
Yen heads for biggest weekly drop since May, prompting bets on another round of official buying.
Azul trims Q3 capacity, eyes Q4 growth after fuel shock
Azul cuts Q3 capacity 4% after Q2 fuel crisis, expects Q4 growth as it transitions to widebody fleet.
Baby Bunting shares jump 25% as retailer lifts profit outlook
Baby Bunting shares surged after the retailer forecast higher FY27 profit and reported strong early trading.
Pony.ai and Uber to Bring 2,000 Robotaxis to European Cities
Pony.ai and Uber plan to deploy over 2,000 robotaxis across Europe, building on their existing Zagreb service and eyeing Middle East expansion.
Azul's Q2 Revenue Hits Record, But Fuel Costs Crush Core Earnings
Azul's Q2 revenue rose to a record, but EBITDA fell 55% on a 61.8% jump in fuel costs per liter, squeezing margins.
Nubank posts first $1 billion quarterly profit, shares surge
Nubank's Q2 net profit crossed $1 billion for the first time, beating estimates and sending shares up 9.5%.
Olam's First-Half Profit Surges Sixfold on Asset Sale Gains
Olam Group's H1 profit jumped nearly sixfold to S$1.91 billion, driven by asset sale gains and a revaluation; it declared a special dividend.
EQT Infrastructure Moves to Acquire Cleanaway Waste Management in A$9.4 Billion Deal
EQT Infrastructure has proposed a A$3.13 per share cash takeover of Cleanaway Waste Management, valuing the company at approximately A$9.4 billion.
KOSPI Surges to Three-Week High as Chip Stocks Rally
South Korea's KOSPI rose 3.73% to a three-week high, led by chipmakers SK Hynix and Samsung Electronics, as foreign investors bought heavily.
IAG shares slide 7% as annual cash earnings miss estimates
IAG's full-year cash earnings fell 12.6% to A$1.03 billion, missing consensus and sending shares down over 7%.