Page 10 - Bloomberg/reuters

How Mukesh Ambani built Project Jupiter to launch India's biggest IPO

Reliance Industries reportedly worked behind the scenes to overcome regulatory hurdles, secure investor backing and structure Jio Platforms' proposed stock market debut

India, China among markets where top firms lose market cap share in AI lag

India, China and Hong Kong are the only major markets where the largest companies account for a smaller share of overall market capitalisation than a year ago

No respite from deadly heat in Europe as 'hot' spots now shift East

Eastern Europe is bracing for record temperatures and red alerts after a deadly heat wave that claimed lives in western Europe moved eastward

Goldman Sachs recommends India's 30-year bonds on easing inflation risks

The investment bank said easing inflation expectations, lower oil prices and reduced fiscal risks have improved the outlook for India's long-dated government securities, particularly 30-year bonds

Wider fiscal gap unlikely to threaten India's rating, says Moody's

Moody's said higher energy prices may create temporary budget pressures, but India's improving fiscal position and commitment to deficit reduction should help preserve its investment-grade status

Amazon's rapid delivery push wipes out $15 billion from Eternal, Swiggy

Aggressive expansion by Amazon and Flipkart, coupled with Zepto's IPO plans, is intensifying competition in India's fast-growing quick-commerce market and putting pressure on established players

Global bond funds flock to India after tax relief measures, aiding rupee

Overseas investors have stepped up purchases of Indian govt bonds after Centre scrapped taxes on debt investments and relaxed ownership limits, improving market's appeal and supporting capital inflows

Banks may use NRI deposits to ease funding pressures: Axis Bank CEO

Indian banks are taking advantage of a move this month by the Reserve Bank of India to absorb the hedging costs incurred by lenders that raise dollars overseas

Shapoorji Pallonji refinancing delays prompt some bondholders to seek exit

Some investors are attempting to offload debt linked to a Shapoorji Pallonji Group subsidiary at a discount as negotiations over refinancing and repayment extensions continue ahead of a key deadline

India's AI ambitions hinge on overcoming regional language divide

India has over 2 dozen official languages and more than 100 dialects and if AI can't close this gap, it will just become another technology that divides the English-speaking elite and everyone else

Venezuelan tremors: Earthquakes push healthcare system to the brink

Two powerful 7.2 and 7.5 earthquakes struck within a minute of each other on Wednesday evening

Israel weighs US listings for state-owned defence firms IAI and Rafael

Israeli officials and company representatives are set to visit the US in July to explore IPO options for state-owned defence companies IAI and Rafael as the govt considers selling up to 30% of stakes

OpenAI appoints ex-Uber executive Prabhjeet Singh to lead India operations

The former Uber India and South Asia president will join in September as OpenAI's most senior executive in the country, overseeing growth, partnerships, enterprise adoption and regulatory engagement

MEA asks Kailash Mansarovar pilgrims to secure all China travel documents

The advisory came after reports of pilgrims being stranded in Nepal and urged travellers to use authorised tour operators and ensure all required documentation is in place before starting the journey

California budget deal proposes new tax on digital software sales

The spending plan for the fiscal year that begins July 1 is Newsom's last as governor and comes as state finances are buoyed by an artificial intelligence boom fueled by home-state companies

Israel, Lebanon reach framework deal to end conflict, advance peace talks

Israel will maintain a "security zone" along the boundaries of the yellow line, which marks a seized territory that stretches some 10 kilometers (6.2 miles) into Lebanon from the Israeli border

Isro conducts successful test of semi-cryogenic engine power head

The test, carried out on June 24 at the ISRO Propulsion Complex in Tamil Nadu, demonstrated stable operation of the engine's power head at a thrust level of 175 tons

Beyond chips, IMF warns AI wealth boom could fuel inflation risks

Booming technology stocks are swelling retirement accounts and investment portfolios, leaving consumers feeling richer and more willing to spend on vacations, homes and other big-ticket purchases

Apple's vision pro and smart glasses chief Paul Meade to join OpenAI

Paul Meade, a vice president, is set to leave Apple by next week and will then start at OpenAI's hardware unit

S&P keeps US sovereign rating at AA+ with stable outlook, resilient economy

S&P Global Ratings was the first major credit grader to strip the US of its AAA rating in 2011 and was harshly criticized by the US Treasury at the time