Page 38 - Bloomberg

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

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

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

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

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

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"

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

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

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

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

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

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

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

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

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

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

China puts EVs on a diet as battery boom makes cars heavier: Report

The trend is drawing attention as larger vehicles put pressure on existing infrastructure. Some EVs are becoming too large for parking spaces designed under standards introduced a decade ago

Ukraine says drone hit nuclear fuel storage facility near Chernobyl

Ukraine says a Russian drone struck a spent nuclear fuel storage facility near Chernobyl, prompting concern from the IAEA over nuclear safety risks

IATA expects sharp profit drop citing West Asia crisis led fuel price hikes

IATA has halved its 2026 airline profit forecast as soaring fuel costs and disruptions from the Iran conflict weigh heavily on the global aviation industry

Xi Jinping visits North Korea to reassert influence over emboldened Kim

Xi visits North Korea for the first time in seven years as Beijing seeks to reinforce its influence over Kim amid Pyongyang's growing ties with Russia