GeM Marks 10 Years, Crosses Rs 20 Lakh Crore in Cumulative Procurement
GeM completes a decade, surpassing Rs 20 lakh crore in cumulative GMV, driven by rapid adoption and a focus on transparency and inclusivity.
Business
German auto suppliers' debt load deepens as China gap widens
German auto suppliers face rising debt and interest costs, falling behind global rivals amid Chinese competition.
US Firms Battle Surge in Cyberattacks as White House Plan Stalls
US companies face a wave of cyberattacks in 2025, from ransomware to data theft, as the White House's AI security coordination plan remains stalled.
Indian bonds post first weekly gain in five on RBI stance, softer crude
Indian government bonds ended flat on Friday but logged their first weekly rise in five, aided by a dovish RBI and lower crude prices.
Take-Two Reaffirms Annual Outlook, Confirms GTA VI November Launch
Take-Two Interactive maintains its annual bookings forecast and confirms GTA VI's November 19 launch, despite analyst expectations.
JBS and Indonesia's Danantara to Launch Protein Joint Venture
JBS and Indonesia's Danantara form a joint venture with a $2.5 billion investment to expand protein production across Indonesia, Australia, and New Zealand.
UK regulator wants Aldi and Lidl bound by same land rules as big grocers
CMA proposes bringing Aldi and Lidl under land agreement rules to ensure fair competition and shopper choice.
Dollar Set for Weekly Gain as Iran Uncertainty and US Jobs Data Loom
The dollar is poised for a weekly rise as traders await US payrolls and weigh Iran deal uncertainty.
Five charts: Yen intervention, refining margins, and a SpaceX capex shock
This week's charts cover US yen intervention, record refining margins, hot nominal GDP, shifting EV trade flows, and SpaceX's AI capex surge.
Inpex lifts annual profit outlook to record on oil prices, LNG output
Inpex raised its full-year net profit forecast to a record ¥510 billion, citing higher oil prices and robust Ichthys LNG output.
JBS and Indonesia Wealth Fund Arm Agree $2.5 Billion Protein Venture
JBS will form a joint venture with Indonesia's Danantara, contributing its Australia and New Zealand operations to a $2.5 billion protein investment platform.
L&T expects defence unit revenue to triple in five years
L&T's Precision Engineering and Systems unit, which makes drones, expects revenue to triple in five years as it expands capacity.
Reliance pays record freight to charter supertanker for Iraqi crude
Reliance Industries has paid a record $23-25 million to charter a supertanker to lift Iraqi crude, reflecting soaring freight costs and limited vessel availability in the Gulf.
Levi Strauss Discloses Cyber Breach via Social Engineering Attack
Levi Strauss disclosed a cyber incident where attackers used social engineering to access systems, extracting corporate data.
Thyssenkrupp shareholders back partial spin-off of materials unit
Thyssenkrupp shareholders approved spinning off 49% of its materials trading unit at an extraordinary general meeting on Friday.
Oil slips as Gulf-Iran Hormuz deal talk spooks market
Oil prices fell on Friday as markets weighed a possible temporary deal between Iran and Gulf states to reopen the Strait of Hormuz, with both benchmarks set for weekly losses of about 9%.
Cloudflare lifts annual outlook on AI-driven demand, shares surge
Cloudflare raised its annual revenue and profit forecasts on strong AI-driven demand, sending shares up over 16% in premarket trading.
Fintech seen as key to expanding India's insurance penetration
A finance ministry advisor says fintech can boost insurance penetration by creating tailored products for underserved consumers and advancing financial empowerment.
SBI Eyes Q2 Deposit Uptick via FCNR(B), Keeps FY Growth at 10-11%
SBI expects Q2 deposit growth to improve on FCNR(B) inflows, while maintaining full-year deposit and credit growth targets.
SECI's round-the-clock renewable bid hits Rs 5.25/unit, below expectations
SECI's latest RTC renewable tender discovered Rs 5.25/unit tariff, aided by hybrid solar-wind-storage and competitive bidding.