Indian Shares Slip as Oil Prices, Fed Rate Worries Weigh
Indian markets fell on Monday as crude prices rose and US rate hike fears persisted, with HDFC Bank's gains offsetting broader losses.
Business
Why India's Banks Must Win Over Gen Z Digital Natives
India's 400 million Gen Z digital natives present a major opportunity for banks, but they face competition from neobanks, payment banks, and wallets.
Sensex, Nifty Slip as Iran War Fears Lift Crude, Fed Hawkishness Weighs
Indian markets fell on Aug 31 as Iran war escalation lifted crude prices and Fed Chair Warsh's hawkish comments weighed on sentiment.
Bernstein: India's Growth Story Shaped by Policy Distortions, Not Pure Market Forces
Bernstein report says India's growth is driven by policy distortions like subsidies and PLI incentives, not pure market forces, masking underlying weaknesses.
Bond Yields Seen Stuck in 6.6-6.9% Band, Curbing Trade Scope
Indian government bond yields are projected to stay within 6.6-6.9%, limiting trading windows, as the RBI holds rates steady with a softer inflation outlook.
India's $22 Billion Fuel Bill: Study Ranks India Among Top Losers in Hormuz Crisis
A study finds India among top 20 nations hit hardest by fuel price spike after Strait of Hormuz strikes, with $22 billion in extra costs.
Consumer trust in generative AI falls below 40%, yet shoppers rely on it
McKinsey research reveals consumer trust in generative AI is below 40%, yet shoppers increasingly use it for product discovery, creating challenges for brands.
Fuel Prices Steady as Crude Sees First Weekly Drop in Three Weeks
Petrol and diesel prices remain stable across Indian cities. Brent crude saw its first weekly decline in three weeks, while CNG prices rose in Delhi.
AI hardware demand rivals Trump tariffs in driving core inflation: Fed study
A Minneapolis Fed study finds AI-driven demand for computer hardware is pushing up core inflation as much as early-2025 US tariffs.
MSME raw material support set to triple by FY30
India plans to triple state-assisted raw material procurement for MSMEs to 900,000 tonnes yearly by FY30, addressing price volatility and supply disruptions.
Lower Saxony Premier Urges Compromise Ahead of VW Board Meeting
Lower Saxony's premier urges VW to find a compromise on restructuring before the September 4 board meeting, balancing cost cuts with social responsibility.
Revised CBG Pricing Aims to Boost Producers Without Hitting Consumers
India revises CBG pricing under GOBARdhan to Rs 2,110/MMBtu, with government support limiting impact on CNG and PNG consumers.
Argentina to ease pharma market access for Indian firms
Argentina will work to upgrade India's regulatory status and reduce entry barriers for Indian pharmaceutical companies, boosting bilateral trade.
AI-Led Productivity Gains Seen as Key to Sustaining European Equity Rally
Morgan Stanley Wealth Management says European equities need AI-driven productivity gains to sustain outperformance as their valuation discount over global peers has narrowed sharply.
Currency hedging may raise green project financing costs by 6-8%
Currency hedging could add 6-8% to annual financing costs for green projects in India, deterring global investors, per CII-IIMA taskforce.
OpenAI to sever AI model supply to SpaceX-owned Cursor, deepening Musk feud
OpenAI will stop providing AI models to Cursor, now owned by SpaceX, citing trust issues with Musk's firms. Anthropic boosts compute for Claude in Cursor.
Gold Miners Post Record Margins as Prices Outpace 16% Cost Surge
Record gold prices in Q1'26 drove mining margins to all-time highs, even as costs rose 16% YoY, per the World Gold Council.
Ola Electric Bags Rs 95.81 Crore PLI-Auto Incentive for Third Straight Year
Ola Electric receives Rs 95.81 crore PLI-Auto incentive for FY 2026-27, marking its third consecutive annual sanction.
Sandhya Devanathan leaves Meta, joins OpenAI as VP for Southeast Asia and Australia
Sandhya Devanathan exits Meta after 10+ years to join OpenAI as VP for Southeast Asia and Australia, a newly created role.
OpenAI Ends Cursor Model Supply After SpaceX Takeover
OpenAI is terminating Cursor's direct access to its models by November 2026, citing SpaceX's acquisition and past compliance issues.