Page 323 - Bloomberg/reuters

Russia's disrupted oil trade squeezes profit margins for Indian refiners

Attacks in the Red Sea have driven up freight rates, while tougher US sanctions have stranded some Russian cargoes destined for India, adding to costs

Consortium considers converting LNG tankers to floating storage in India

India LNG Transport is a collaboration between the Indian shipping company and Japanese firms Mitsui OSK Lines Ltd., Nippon Yusen KK and Kawasaki Kisen Kaisha Ltd

What makes Indian fintech fast and furious, but also a little fraudulent?

Know-your-customer, or KYC, regulations aren't easy anywhere. But fintech adoption in India has done more than just open the floodgates to financial inclusion

Wireless charging for electric vehicles getting closer to reality: Report

This is the promise of wireless EV charging, an inductive transfer of electrons that would eliminate the need for all those pesky cords

China tightens grip on stocks with net sale ban at open, close: Report

'The order from China's securities watchdog was recently delivered to major asset managers and the proprietary trading desks of brokerages'

Musk almost violated US FTC privacy order before Twitter staff stopped him

The FTC's determination was contained in a letter FTC Chair Lina Khan sent to House Republicans Wednesday, though the agency's probe remains ongoing

AI model backed by Mukesh Ambani's Reliance Industries to launch in March

The BharatGPT group, encompassing an arm of India's most valuable company and eight affiliated universities, offered a sneak peek of the large language model Tuesday

JSW Steel plans to borrow $750 mn loan to meet capital expenditure needs

JSW Steel Ltd., part of the $23 billion JSW Group, is sounding out lenders and a mandate is likely in the coming days, the people said, asking not to be identified as the information is private

US-India partnership to grow no matter who wins election: Trade group

As the US and China compete, Washington and New Delhi have come closer to collaborating on critical areas such as semiconductors, artificial intelligence, quantum computing and space

Tech cos in India hope for chunk in $300 bn global AI market by 2027

The country has several advantages, including one of the world's largest pools of IT and engineering talent and a fast-growing domestic market, they concluded

MCR Hotels to purchase London's iconic BT Tower for around $347 million

The tower used to provide a number of network operations and antennas for connectivity, but the technology isn't needed any longer

China buys Russia's Sokol crude as Indians turn away amid concerns

So far this month, the mostly private processors took an average of 168,000 barrels a day of Sokol, three times more than January's pace and well ahead of the 53,000 barrels in 2023

Indian banks' rush for clients set for reckoning after Paytm fiasco

India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank

Streaming a movie abroad may soon come with taxes at border; WTO to decide

The tariff ban has helped fuel the fastest-growing segment of world trade: digital goods and services. They're key to the success not just of tech companies like Amazon.com Inc. and Netflix Inc.

Pakistan's old-guard parties to form coalition to thwart Imran Khan

Bilawal Bhutto Zardari's Pakistan Peoples Party will join a coalition with the Sharif clan's Pakistan Muslim League-Nawaz, Bhutto Zardari said at a joint news conference in the capital Islamabad

Another blow to Zee Entertainment: Sebi uncovers $241 mn accounting issue

As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about Rs 2,000 crore ($241 million) may have been diverted from the company

FBI, UK crime agency disrupt Lockbit's website used for ransomware payments

Law enforcement from 11 different countries took part in the operation, which seized 11,000 domains used by LockBit and its affiliates to facilitate ransomware, an FBI official said

Capital One to buy Discover for $35 billion in yr's biggest all-stock deal

It's a "singular opportunity" to bring together two companies that can compete with the largest payment networks, Capital One Chief Executive Officer Richard Fairbank said in the statement

Investors turning wary of crowded India trade after stellar rally

Citigroup Inc. and Societe Generale SA have downgraded India, while foreigners have sold a net $3.8 billion of local shares so far this year, the highest in emerging Asia outside of China

Fundraising in India to be stronger than ever over next 2 years: BofA

Purohit expects between 5 and 10 tech firms and two or three local subsidiaries of multinational companies to launch initial public offerings in the period.