Oil prices post weekly gains on US-Iran clashes; diesel at record high
Oil prices ended the week higher after renewed US-Iran strikes, while US diesel prices hit a record high amid supply concerns.
Business
IIL Says Seized Rabies Vaccine Vials Not Its Product, Urges Probe
Indian Immunologicals says vials seized in Delhi are not its product and has sought a probe into their source.
TCS Arm to Build 1GW AI Data Centre Campus in Hyderabad
TCS subsidiary HyperVault will develop a 1GW AI data centre campus in Hyderabad with up to Rs 70,000 crore investment.
Adani Defence to Supply Indigenous Ammunition for AK-203 Rifle Programme
Adani Defence signs five-year deal to supply 7.62x39 mm ammunition for AK-203 rifles made by IRRPL in India.
CBI Registers FIR Against Subhash Chandra in Rs 1,322 Crore LIC Housing Loan Fraud
CBI books Subhash Chandra and others for allegedly inflating net worth to get LIC Housing Finance loans, causing Rs 1,322 crore loss.
Auto-component firms outpace OEMs in profit growth; outlook brightens
Auto-component makers beat OEMs in Q1 profit growth. Earnings upgrades are rising, signaling a stronger sector outlook.
GIFT IFSC Raises $54.2 Billion, Poised to Fuel Viksit Bharat Ambitions
GIFT IFSC has mobilised $54.2 billion in overseas funds, positioning itself as a critical platform for global capital as India pursues its Viksit Bharat 2047 vision.
RBI allows LIC to acquire up to 9.99% stake in ICICI Bank
RBI has approved LIC's plan to buy up to 9.99% of ICICI Bank's paid-up capital or voting rights within a year.
Electronics to Form Over Half of Car Cost by 2030, Says BCG-ACMA Study
A BCG-ACMA report projects electronics to account for 50-55% of car cost by 2030, up from 30-35% in 2020, urging Indian suppliers to build capabilities.
Oil Shock, AI Capex Slowdown Pose Risks to India's Recovery from Q2FY27
India's cyclical recovery faces risks from an oil supply shock and slowing AI capex, which may hit corporate margins from Q2FY27.
Experts call for stronger MSME base to secure India's technological sovereignty
Experts at an ASME India event in Chennai said India's strategic autonomy hinges on a robust MSME supply chain and technological self-reliance.
Private Banks Sharpen Gold Loan Play to Capture High-Value Market Share
Large private banks are expanding gold loan operations, targeting urban and higher-ticket segments, with industry growth projected at 28% CAGR through FY28.
Cleaner fuels overtake petrol in India's passenger vehicle sales for first time
In August, CNG, hybrid and EV sales surpassed petrol in India's PV market for the first time, with petrol share falling to 41%.
Jefferies-linked fund secures $499 million freeze against iron ore trader
A Jefferies-linked fund obtained a London court freezing order of up to $499 million against iron ore trader Radiant World and related parties.
FCNR inflows flood banking system, drag short-term borrowing costs sharply lower
A surge in FCNR(B) deposits has flooded the banking system with liquidity, pulling short-term certificate of deposit rates down by over 100 basis points from their peaks.
Jefferies-Managed Fund Holds Nearly $500 Million in Exposure to Radiant World
A Jefferies-managed fund has nearly $500 million in exposure to troubled iron ore trader Radiant World and another entity.
India-US trade deal close, but talks reworked after US court ruling: envoy
US envoy says India-US trade talks are being reworked after a US Supreme Court ruling, but the two sides remain close to a deal.
Anthropic Delays IPO Launch, Eyes Mid-October Listing
Anthropic's IPO timeline slips; marketing now expected mid-October, with filing due late September as it secures a $15 billion credit facility.
Seattle Times and Newsday Sue OpenAI, Microsoft Over Copyright
The Seattle Times and Newsday filed a federal lawsuit against OpenAI and Microsoft, accusing them of copyright infringement in AI training.
Aussie Dollar Hits Four-Month High as RBA Rate Hike Bets Firm
AUD/USD rises to $0.7212 on rising RBA hike odds; kiwi weakens after RBNZ's cautious outlook.