Bloomberg/reuters

Eli Lilly and Novo Nordisk looking beyond US for obesity drug growth

Novo Nordisk and Eli Lilly are expanding obesity drug access globally as demand grows beyond the US and cheaper semaglutide generics enter new markets

Govt considers selling 2% stake in Hindustan Zinc to raise ₹5,000 crore

The Department of Investment and Public Asset Management, which is under the Finance Ministry, aims to launch the process this month or in July

India's hidden AI winners as data-centre infrastructure demand surges

India may lack AI software giants, but companies supplying cables, transformers and cooling systems for data centres are emerging as key beneficiaries of the AI boom

Chinese, Hong Kong investors banned from SpaceX IPO on security grounds

SpaceX IPO underwriters bar Hong Kong and China investors, citing US export-control rules and national security concerns over sensitive technologies

Indian households expect inflation to spike as consumer confidence wanes

RBI surveys show Indian households expect inflation to jump amid US-Iran war tensions and weak monsoon forecasts, driving a steep decline in consumer confidence

Govt to launch E85 fuel with 85% ethanol, challenge oil dependence

The new fuel enters the market amid lingering concerns over the impact of ethanol blends on mileage and engine durability

Govt set to boost biogas prices, subsidies amid fuel supply concerns

The policy expected to debut this month would increase the offtake price of compressed biogas, or CBG, and offer financial benefits to companies for spending on new projects

Fifa's $13 bn World Cup faces backlash as high costs hit fans, host cities

Host cities are shifting World Cup costs to fans and taxpayers, for instance, in New York, a New Jersey Transit trip to MetLife Stadium that usually costs $13 is priced at $98 during the tournament

Whistleblower alleges IBM, AT&T hid cyber breaches to win federal contracts

William Barlow, IBM's former vice president of threat intelligence, alleged in the complaint that the companies failed to disclose multiple breaches over years by attackers linked to foreign govts

A little-known Indian stock's 530% rally reveals hidden AI winners

Leading the AI rally is Sterlite Technologies, up over 530% this year after securing a $1.1 bn US hyperscaler contract; Peers HFCL and MTAR Technologies have gained 191% and over 200%, respectively

How India can halt capital flight as trade deficit widens, rupee falls

With the rupee nearing the psychologically important 100-per-dollar mark, RBI Guv Malhotra and PM Modi may need to raise interest rates and offer targeted tax incentives to stem capital outflows

Ukrainian President Zelenskyy proposes peace talks in letter to Putin

The appeal came as officials from Europe's three biggest economies - Germany, France and the UK - have been discussing the possibility of holding talks involving Russia and Ukraine

Trump's trade chief says new tariffs can fit within existing deals

The EU and US agreed to a free-trade deal in July that would see the bloc erase levies on US industrial goods in exchange for a 15 per cent tariff ceiling on its exports

India considers budget cuts as oil price surge threatens fiscal targets

The government is wary of increasing borrowing beyond budgeted levels because additional debt issuance could push bond yields higher, officials familiar with the matter said

Suzlon broadens clean energy portfolio with battery storage plans

The ongoing conflict in the Middle East is adding financial pressure on India, a large importer of fuels whose circulation depends on the region

BofA is hiring Avendus deal-maker Gupta for India role in post-Mizuho exit

Gupta, a managing director at Avendus, is set to join Bank of America after completing regulatory and contractual obligations

Reliance explores cash deployment options ahead of possible RBI rate hike

One proposal involves moving Reliance's cash holdings from liquid mutual funds into short-dated money market instruments, people aware of the conglomerate's thinking said

India's money-market turnover hits record as banks ramp up borrowing

Bank lending expanded at 16.2 per cent in the year through May 15, the fastest clip in two years, with credit demand exceeding deposit growth for the eighth straight month

Govt's rupee support measures likely to give RBI room to hold rates for now

Inflation pressures triggered by an energy price shock means the RBI will likely adopt a hawkish stance and prepare markets for potential rate hikes later this year, economists have said

Why Amazon has struggled to crack India despite years of heavy investment

13 years on, Amazon remains a major player in India, but local rivals have eroded its edge across retail, payments, streaming, and quick commerce, leaving it constrained despite strong brand loyalty