Bloomberg

Bloomberg

EM stocks post biggest rise in two months as investors buy AI dip

South Korea's Kospi erased Monday's 8.3 per cent drop, continuing the wild swings that have pushed its 10-day rolling volatility to an annualised 81 per cent

Updated On: 09 Jun 2026 | 11:46 PM IST

Paytm planning to hire 4,000 employees in AI pivot with some roles cut

Paytm to continue hiring through March 2027, expanding teams across product, technology and AI, with recruitment also planned for senior leadership roles

Updated On: 09 Jun 2026 | 11:04 PM IST

Demand surges for SpaceX's record-setting IPO as orders top $10 billion

Banks leading the offering by SpaceX are expected to stop taking orders from institutional investors on Wednesday after the market closes in New York at 4 pm

Updated On: 09 Jun 2026 | 1:37 PM IST

Pentagon names WuXi AppTec on Chinese military firms list, raising concerns

Any restriction that stems from the designation could have broader implications because WuXi AppTec helps conduct research and development efforts on behalf of many US drugmakers

Updated On: 09 Jun 2026 | 12:23 PM IST

Heatwaves hit output at Indian apparel suppliers serving Uniqlo, Tesco

Research at 10 facilities in four regions found high temperatures are impacting product quality, delivery reliability and contributing to higher employee absenteeism during the peak summer months

Updated On: 09 Jun 2026 | 10:18 AM IST

Hotel giants bet India's local travel boom can defy economic slowdown

Hotel investments in India surged 67 per cent to $567 million last year, according to JLL, while demand is forecast to rise about 11 per cent annually over the next several years, outpacing supply

Updated On: 09 Jun 2026 | 8:32 AM IST

RBI's latest measures may have steadied rupee, but risks far from over

RBI's incentives may attract short-term foreign inflows and ease pressure on the rupee, but they do little to address weak FDI and sustained foreign investor outflows

Updated On: 09 Jun 2026 | 8:15 AM IST

Singapore brings back 19th-century tech to tackle rising temperatures

The 140-year-old concept known as district cooling is taking root in Singapore, where temperatures are rising twice as fast as the global average and sharpening the focus on climate adaptation

Updated On: 09 Jun 2026 | 7:28 AM IST

Sri Lanka emerging as new base for Asia's billion-dollar scam networks

Sri Lanka has stepped up its crackdown on cyber-scam networks, arresting over 1,000 people this year, but fast-moving operators are exploiting legal gaps and easily accessible tourist visas

Updated On: 09 Jun 2026 | 7:28 AM IST

FTX founder Sam Bankman-Fried seeks presidential pardon from Trump

The 34-year-old submitted an application to the Justice Department's Pardon Attorney Office, according to the office's website, requesting a "pardon after completion of sentence"

Updated On: 08 Jun 2026 | 11:30 PM IST

RBI likely to join Asia's rate-hike push as inflation pressures rise

RBI's commentary on inflation 'opens the door for rate hikes in the next meeting' in August, according to Pranjul Bhandari, chief India economist at HSBC Holdings Plc

Updated On: 08 Jun 2026 | 2:56 PM IST

Rupee defence lifts RBI's net short dollar book past $110 billion mark

RBI ramped up its interventions after the rupee weakened to a record low on May 20, almost hitting the 97 per dollar mark

Updated On: 08 Jun 2026 | 2:49 PM IST

India's bond inflows hit one-year high after RBI's steps to support rupee

Global funds bought ₹4,490 crore ($469 million) worth of index-eligible bonds on Friday, the most since June 30, 2025, when the government scrapped taxes on overseas investment in govt securities

Updated On: 08 Jun 2026 | 2:41 PM IST

BEML bets on India's rail, defence boom, targets ₹31,000 cr orders

The state-owned earthmoving equipment, railway rakes, and wagon maker expects diversification across defence and mining businesses to support growth

Updated On: 08 Jun 2026 | 12:57 PM IST

Goldman Sachs sees rupee weakness capped after RBI's steps to boost inflows

Goldman's comments hold significance as the rupee fell to a new low of 96.9650 per dollar last month amid a surge in global crude prices and record overseas outflows from equities

Updated On: 08 Jun 2026 | 11:54 AM IST

World isn't ready for shocks that are piling up: IMF chief Georgieva

Georgieva, who's been at the helm of the Washington-based lender since 2019, has been through the Covid pandemic, the war in Ukraine, the tariffs turmoil and now the conflict in the West Asia

Updated On: 08 Jun 2026 | 11:28 AM IST

Carlsberg may file for India IPO this month, seeks up to $700 million

Carlsberg is working with Kotak Mahindra Capital Co. and the local units of JPMorgan Chase & Co. and Citigroup Inc. on the proposed share sale

Updated On: 08 Jun 2026 | 11:28 AM IST

European airlines expect gains to fade as Gulf carriers stage comeback

Airline executives sense their moment of opportunity will soon come to an end as Emirates, Qatar Airways and Etihad Airways get more of their planes back into the air and increase capacity again

Updated On: 08 Jun 2026 | 8:46 AM IST

AI reshaping diplomacy: Can technology replace human understanding?

As global tensions rise, governments are turning to AI to analyse data, model negotiation outcomes and identify compromise options, reshaping modern diplomacy

Updated On: 08 Jun 2026 | 8:37 AM IST

Iran fires several rounds of missiles at Israel as Trump defends ceasefire

Negotiations between Washington and Tehran are bogged down over the fate of billions of dollars of frozen Iranian assets and a parallel conflict between Israel and Iran-backed Hezbollah in Lebanon

Updated On: 08 Jun 2026 | 6:25 AM IST