Volvo Cars CEO to Exit, Chevron Ramps Up Drilling: Key Business Developments
Volvo Cars CEO Hakan Samuelsson to step down; Chevron to boost drilling; CATL develops US truck batteries; Legend Holdings sells Luxembourg bank stake.
Business
Vietnam enters FTSE Russell emerging market index, eyes $6 billion inflow
Vietnam's stocks have been added to FTSE Russell's emerging market indexes, a milestone expected to draw up to $6 billion in foreign investment.
Four Chinese Firms Seek $1.83 Billion in Hong Kong Listings
Four Chinese companies aim to raise up to HK$14.35 billion ($1.83 billion) through separate Hong Kong listings, with RoboTechnik accounting for the largest share.
Ingenia Board Rejects Warburg Pincus's Improved A$2.06 Billion Takeover Offer
Ingenia Communities Group has turned down Warburg Pincus's revised A$2.06 billion all-cash offer, saying it undervalues the firm and conflicts with its planned Peet acquisition.
Tata Sons-Tata Trusts rift heads to court as Salve and Singhvi enter fray
Senior advocates Harish Salve and Abhishek Manu Singhvi are set to represent Tata Sons and Tata Trusts respectively as their dispute moves toward litigation.
India's exports to core BRICS nations jump 34% to $19.9 billion
India's exports to China, South Africa, Brazil and Russia rose 34% to $19.9 billion in April-August 2026-27, with China contributing the most.
Coal India Expands Beyond Mining With Gasification, Power and Critical Minerals Push
Coal India is building a diversified, technology-driven portfolio across coal gasification, thermal power, renewables, storage and critical minerals.
ICAI Unveils SSA 5000 to Bring Sustainability Assurance in Line with Global Norms
ICAI has issued SSA 5000, a sustainability assurance framework aligned with international standards, effective for financial years beginning on or after April 1, 2027.
Singhvi Calls Tata Trusts-Tata Sons Split Unthinkable, Says Courts Must Resolve Row
Senior advocate Abhishek Manu Singhvi says severing the Tata Trusts-Tata Sons relationship is unthinkable and only courts can resolve the dispute.
German Economic Institute Lifts 2026 Growth Forecast to Nearly 1.2%
Germany's IW institute has tripled its 2026 growth forecast to nearly 1.2%, citing exports and public spending, while flagging risks from energy prices and weak investment.
India Needs Rs 168–172 Trillion Infrastructure Investment by FY31: NaBFID-BCG Report
A joint NaBFID-BCG report estimates India's infrastructure investment need at Rs 168–172 trillion through FY31, with Rs 78–80 trillion not yet in the project pipeline.
AI adoption uneven across developed economies, hiring slowdown in exposed sectors: report
AI adoption in major developed economies ranges from 15–20%, with France, US, Netherlands and UK leading, while emerging markets record 10–15%, a Goldman Sachs Research report says.
China Holds Benchmark Lending Rates Steady for 16th Straight Month
China left its loan prime rates unchanged for a 16th consecutive month, with the one-year rate at 3.00% and the five-year at 3.50%, matching market expectations.
India's chip market seen at USD 200 billion by 2035 as focus shifts to ecosystem
India's semiconductor market is projected to reach USD 200 billion by 2035 from around USD 64 billion in 2026, per an EY-IESA report.
Bank of Japan Raises Rates to 1.25% as Inflation Risks Mount
The Bank of Japan raised its policy rate to about 1.25%, its highest since 1995, citing rising inflation risks and yen weakness, with analysts flagging further hikes ahead.
AI spending and state borrowing push global cost of capital higher
Goldman Sachs links AI infrastructure spending and higher government borrowing to a rising global cost of capital, with corporate issuance climbing.
Fed Review Blames Supervisory Delays for SVB Collapse
An independent review of Silicon Valley Bank's 2023 failure has found that Federal Reserve supervisors identified vulnerabilities early but failed to act decisively.
NLMC Board Clears Monetisation Proposals Worth Over ₹5,000 Crore
NLMC's board recommended surplus land and building assets worth over ₹5,000 crore for monetisation and approved its FY 2025–26 financial statements.
Bank credit growth hits 8-quarter high of 16.5%, deposit gap widens
Bank credit grew 16.5% in Q1 FY27 while deposits rose 11.3%, pushing the loan-to-deposit ratio to a record 83.3%, CareEdge Ratings said.
EIL in Early Talks with Saudi Arabia, UAE on Hormuz-Bypass Oil Infrastructure
Engineers India Ltd is in early-stage discussions with Saudi Arabia and the UAE for consultancy work on oil and gas infrastructure aimed at reducing reliance on the Strait of Hormuz.