Page 5 - Bloomberg/reuters

India's fiscal outlook brightens with govt set to exceed asset sales target

A long-delayed privatisation of IDBI Bank will likely see the government surpass its ₹80,000 crore ($8.4 billion) annual disinvestment and asset-monetization target

Zerodha's Nithin Kamath says surge in margin lending could be 'scary'

The warning comes as small investors across Asia have been singed by leveraged bets tied to the booming artificial intelligence trade

Meta's teen safety deal facing big hurdle: Knowing who's under 18

In a landmark deal with state attorneys general across the US, Meta agreed to pay up to $18 billion and implement design changes

Meta's $18 billion social media settlement: Numbers behind the deal

Of the overall amount, the company has pledged to shell out about $12.7 billion in installments to states over the next 10 years as a starting point

OpenAI says it could have reacted sooner to prevent AI hack of Hugging Face

In the report, OpenAI said that it knew as far back as late May that AI models it was testing were leveraging a software vulnerability to access the open internet

New York City area saw $3.5 billion in economic impact from Fifa World Cup

The global sporting event generated $1.9 billion in direct spending on lodging, restaurants, bars, shopping and transportation in the states

RBI steps up intervention to support rupee amid higher oil prices

In one instance, the RBI spent $7 billion in just a day intervening in onshore and offshore markets as the rupee approached a record low

High-frequency trading firms paying interns about ₹30 lakh a month

Local HFT companies are also expanding into asset classes beyond Indian equity derivatives and overseas markets, further boosting demand for talent.

Indian refiners widen oil search as Ukrainian attacks hurt Russian flows

Given the pressure on Moscow's crude exports, processors have been seeking alternative barrels from regions including West Africa and even the Americas

Indians invest record funds in overseas stocks, debt in June

Mutual funds investing overseas through the fund-of-funds route also held assets worth 465.5 billion rupees ($4.9 billion) as of July 31

Meta to pay up to $16.7 billion to settle social media addiction cases

The deal requires Meta to put new guardrails on its platforms, including restricting how much time youths can scroll and preventing them from switching off certain safety settings

Prudential to sell 2% in India asset manager to meet regulatory threshold

Prudential Corporation Holdings Ltd., a subsidiary of the UK-based insurer, will offload 9.9 million shares in ICICI Prudential Asset Management Co. on Aug. 27

Adani Group-backed Cemindia reportedly close to $524 million share sale

The company's board on July 23 approved raising as much as 50 billion rupees through the issuance of equity shares via a qualified institutional placement.

L&T wins 13 orders since July, signalling revival in West Asia business

While the engineering giant only shares a range instead of giving out the exact order value, a Bloomberg News estimate pegs the average at about ₹1.11 trillion in the ongoing quarter

Pakistan's former PM Imran Khan's sons say his life at risk in prison

Kasim and his brother Sulaiman Isa also urged the international community to pressure Pakistan for human rights violations against its former premier

Hyundai Motor plans 100 new, fresh models with focus on US hybrid push

The plan, launched at Hyundai's CEO Investor Day in Seoul on Wednesday, will see South Korea's biggest automaker enter 18 new segments

Indian rice exporters see Iranian demand defying US sanctions risk

Rice dominates trade between the two countries, accounting for nearly two-thirds of India's $1.25 billion in exports to Iran in the fiscal year-ended March

PM Takaichi says Japan will 'protect' ICC from US push to dismantle

The sanctioning of Akane and a senior trial lawyer by the US marks the latest escalation of attacks on the court by Washington, which says the ICC has unfairly targeted the US and Israel

Trump admin weighs more trade penalties against Canada after retaliation

Trump and Carney were close to a possible deal, but talks broke down late Friday, and 50% tariffs on about $20 billion in Canadian goods came into effect just after midnight

AI can lower price of IT projects by up to 25%, says Hexaware CEO

As AI helps to improve efficiency, customers could demand 20%-25% lower fees for some of the work Hexaware accomplishes currently, CEO Srikrishna Ramakarthikeyan said