India's gas demand rebounds to pre-disruption levels, but global LNG competition intensifies
India's gas demand recovered in June, driven by LNG imports, but rising global competition and high spot prices pose risks.
Business
Bihar's GI-Tagged Mithila Makhana Sets Sail for Australia in Historic First
Bihar's GI-tagged Mithila Makhana has been exported to Australia by sea for the first time, an 18-tonne shipment that gives Darbhanga farmers nearly 18% higher returns.
BHP Port Hedland braces for two-day strike as workers demand new pay deal
Union workers at BHP's Port Hedland operations begin a two-day strike over pay, the first major action at the hub in over two decades.
Delaware court directs Verisk to revive $2.35 billion AccuLynx acquisition
A Delaware judge has ordered Verisk to proceed with its $2.35 billion acquisition of AccuLynx, ruling the company's termination of the deal was invalid.
Nvidia to invest up to $3 billion in Stargate data center developer Lancium
Nvidia will invest up to $3 billion in Lancium, the developer behind the Stargate data center campus in Texas, with an initial $2 billion for a 20% stake.
AI Financial sells Canadian arm to Prime Delta after Perpetuals deal collapses
AI Financial Corp has sold its Canadian unit to Prime Delta weeks after a previous buyer backed out.
UPI stays free for users, small merchants shielded from MDR: Payments Council
Payments Council of India says UPI remains free for consumers and small merchants, clarifying merchant charges are commercial arrangements.
US Gas Futures Edge Up as LNG Feedgas Hits Four-Week High
US natgas futures rose 1.7% on higher LNG feedgas flows, but the front-month contract remains on track for a seventh straight weekly decline.
Unipol plans over 30% stake in merged BPER-MPS banking entity
Unipol CEO says insurer aims for a >30% stake in the future BPER-MPS banking group, with plans to increase it over time.
Private credit funds see redemption pressure ease but results weaken
Apollo's private credit fund sees redemptions halve, while BCP and MSDL report weaker results and Ares scales back a fund.
Global stocks, bonds rally as weak US jobs report cools rate-hike bets
Weak US jobs data eased rate-hike fears, boosting global stocks and bonds, while the yen strengthened and oil slipped.
Dollar slides against yen, euro after surprise US job losses
US payrolls unexpectedly fell in July, sending the dollar lower against the yen and euro and shifting Fed rate expectations.
Titan Says Middle East Conflict Hits Damas Jewellery Footfall and Ticket Sizes
Titan reports June jewellery demand recovery, but Middle East conflict reduces Damas footfall and ticket sizes. Gold exchange normalizes after Modi appeal.
Goyal holds bilateral trade talks with UAE, Indonesia on BRICS sidelines
Piyush Goyal met UAE and Indonesian trade ministers in Jaipur, reviewing CEPA momentum and AITIGA talks.
Oil India Q1 profit triples as crude realisations, output climb
Oil India's Q1 standalone profit rose over three-fold to ₹28.70 billion, aided by higher crude realisations and an 11% output increase.
Chinese traders, steelmakers quietly drop Radiant World over settlement delays
Chinese iron ore traders and steelmakers have stopped dealing with Radiant World due to settlement delays and state guidance.
Wall Street opens mixed as surprise job losses cool rate-hike bets
US stocks opened mixed Friday as a surprise drop in August payrolls raised doubts about a September Fed rate hike.
Global M&A Roundup: EasyJet, Beazer Homes, and Genel Energy Deals
A roundup of major M&A deals announced on Friday, including easyJet, Beazer Homes, and Genel Energy.
BEML Q1 Revenue Up 29%, Loss Narrows as EBITDA Turns Positive
BEML's Q1 revenue rose 29% to Rs 819.62 crore, net loss narrowed to Rs 27.01 crore, and EBITDA turned positive.
Coal India wins Odisha iron ore block bid in diversification push
Coal India is declared preferred bidder for Odisha's Gadadharpur iron ore block, marking its entry into non-coal minerals.