Page 7 - Bloomberg

India launches online platform to connect exporters with US buyers

The move comes as India and the US continue negotiations on a trade deal, whose broad contours were agreed earlier this year

India backs CBDCs for Brics payments, rules out bloc-wide network

India is likely to back greater use of central bank digital currencies for bilateral trade settlements while stopping short of a unified Brics payments system that could be seen as challenge to dollar

NSE slashes IPO valuation target 15% as world's biggest options boom fades

Investors raised concerns over NSE's growth prospects after regulatory curbs cooled India's derivatives market, forcing the exchange to lower its maximum IPO valuation target ahead of listing

Axis Bank's AI push signals slower hiring ahead as it scales up business

The lender opened about 400 branches in FY26 even as its net headcount fell 3%, with CEO Amitabh Chaudhry expecting technology investments to support further growth without similar staff expansion

Pakistan pledges to honour security pact if Saudi Arabia attacked

"We're bound by the terms and conditions of this pact and, God willing, we'll honor this pact if there's aggression. There should be no ambiguity about this," Pakistan's Defense Minister said

India lifts ban on JPMorgan Chase & Co unit in index manipulation charge

While the regulator has allowed both entities to trade in India's capital markets, its investigation into the alleged market manipulation will continue.

Axis Bank may split staff across Mumbai as it rebuilds headquarters tower

The lender has failed to find a single office large enough for the roughly 3,000 people currently housed at the eight-storey Axis House building in Worli

Adani plans $2.5 bn refinancing in India's biggest offshore loan this year

Endeavour Trade and Investment Ltd., a Mauritius-based special purpose vehicle owned by Adani family, aims to raise $1.5 billion through a bridge loan with a tenor ranging from 18 months to 24 months

Alibaba, DeepSeek have 'systematically' siphoned AI models, says US

The Chinese firms have used a technique known as distillation since 2024 to access and draw information from US AI models at an industrial scaleto train their own systems, said US agencies

US pursues deportees abroad for hundreds of millions in unpaid fines

US Customs and Border Protection says it is trying to recover about $423 million in fines and fees from more than 66,300 people who have been removed from the US

US widens Canada trade war with import bans, new tariffs on key products

President Donald Trump had earlier hinted at the move in response to bans on US alcohol products by several Canadian provinces

NSE lowers IPO price range, giving up shot at India's top listing

At the top of the proposed range, the sale of a 5.5% stake would raise about ₹24,300 crore, below the ₹27,900 crore raised by Hyundai Motor India Ltd. in 2024 in the country's largest-ever IPO

Paytm bets on workplace AI agents as it looks beyond payments for growth

The company will start selling AI agents to enterprise customers, betting on rising demand for such bots that can automatically handle a variety of workloads and tasks with minimal supervision

JPMorgan, Jane Street probes show India scrutinising Wall Street traders

Sebi has signaled internally that it is getting more proactive in examining transactions by domestic and international traders as part of an effort to protect retail investors

Australia targets social media algorithms in its crackdown on Big Tech

Regulators are increasingly targeting what they perceive as the addictive design of the platforms. Last month, Meta agreed to pay up to $18 billion to resolve social media claims from US states

Liverpool FC inks £300 million shirt sponsorship deal with Turkish Airlines

The five-year deal is worth in excess of £60 million ($81.2 million) per season.

Meta ran hundreds of ads showing AI child sexual abuse, NGO says

The ads collectively reached more than 29,000 people and typically used artificial intelligence to depict young children being molested, TTP said

India eyes AI for next finance leap after digital payments revolution

AI could take India's financial system beyond simply processing transactions, helping assess borrowers, detect fraud, tailor financial products and eventually make payments on behalf of consumers

Novartis faces third clinical-trial setback in a week as muscle drug fails

The medicine, called del-desiran, was the centerpiece of Novartis's $12 billion takeover of Avidity Biosciences and touted as a potential blockbuster

High-speed trader AlphaGrep raises ₹200 crore via bonds after RBI curb

The Mumbai-based firm is raising ₹200 crore ($21 million) through bonds with a maturity of about one year and a 10.5% coupon, payable quarterly