Page 3 - Bloomberg/reuters

Trump signs Russia sanctions bill, opens door to new tariffs on oil buyers

The new law gives Trump authority to impose tariffs of up to 100 per cent on major buyers of Russian energy, including India and China, as Washington seeks to pressure Moscow

Air India CEO weighs folding budget unit into group to cut costs

Tewolde Gebremariam is considering merging Air India Express with Air India to cut costs and streamline operations as the carrier battles heavy losses

India on track for driest monsoon in 17 years as El Niño curbs rain

Cumulative rainfall during the June to September monsoon season is 15% below the long-term average so far, according to the India Meteorological Department

Open-source AI fuels 440% surge in hackers using blockchains in attacks

A malware attack uses malicious software planted on a computer or network to steal information, passwords or funds

Nabfid sanctions over ₹3,000 crore loans for data centres amid AI push

The facilities from the National Bank for Financing Infrastructure and Development, or Nabfid, have a moratorium of as much as five years, with repayment over the following 10 years

Gold, US Treasuries surge as crude oil slide eases inflation concerns

Gold rebounds after three days of losses as lower oil prices ease inflation concerns and Treasury yields retreat

RBI sells ₹50000 cr govt securities in OMO to drain surplus liquidity

India's central bank sold ₹50000 crore ($5.2 billion) of bonds under its open market operations program as it stepped up efforts to drain surplus cash from the banking system

India's ₹86 trillion urban infrastructure push may spur municipal bonds

Sebi's proposal seeks to lower entry barriers for smaller towns as India faces an estimated ₹82-86 trillion funding requirement for urban infrastructure by FY31

India's outsourcing industry holds ground as AI reshapes jobs, says ING

Software services exports now account for 5.2 per cent of GDP, up from 3.3 per cent before the pandemic, while business services have more than doubled their share to 3.3 per cent

Huawei set to unveil new AI chips as it challenges Nvidia in China

The Ascend 960 chips are expected to be commercially available in 2027 as Huawei seeks to expand its AI hardware footprint despite US export restrictions

War, extreme weather put Asia's food security at risk: Verisk Maplecroft

Fuel and fertiliser disruptions from the Iran war, alongside El Niño-linked weather extremes, are threatening crops and could worsen food inflation across vulnerable Asian economies

Australia to tighten immigration rules, curb visa overstays and families

The Australian government will target visa overstayers and restrict most students from bringing family members as it seeks to align migration with Australia's needs better

Tata Sons board to mull asking Chandrasekaran to stay on amid RBI IPO push

The holding company's board is set to consider its listing obligations after the RBI refused to relax the rules, while its committee may seek the chairman's continuation

China Defence Minister Dong Jun urges nations to step up AI oversight

Dong also urged nations to "strengthen risk assessment, experience sharing, and the establishment of rules and governance."

Tata Sons IPO order backs tycoon Shapoor Mistry's long-running ask

The RBI's decision came months after reclusive billionaire Shapoor Mistry published an open letter to the regulator seeking a listing of Tata Sons to help unlock value for the group's 18.4% stake

Traders brace for prolonged India bond slump as RBI mops up excess cash

Bond traders expect yields to rise as the RBI drains excess liquidity amid higher oil prices, rising inflation and heavy government debt supply

Indian economy at inflection point, needs growth rethink: CEA Nageswaran

Nageswaran argued that India needs to rethink its development model for the AI era, using artificial intelligence to boost workers rather than replace them

HSBC, ICICI emerge as top GIFT City lenders with FX loans for diaspora

The two lenders in GIFT City, disbursed a combined $19.3 billion through RBI's concessional swap facility for foreign-currency non-resident deposits which ran from June till the end of August

AI agents lied, stole and voted to 'kill' peers in simulated experiment

The results of a simulation called Emergence World 2, purport to show what happens when autonomous agents are confronted with black swan events, including phishing attacks and misinformation campaigns

OpenAI weighs fresh funding at $1.2 trillion valuation ahead of IPO

Any decision to move forward with the fundraising effort will hinge on exactly when OpenAI decides to go public, a person familiar with the talks said