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Meta has quietly become one of Microsoft's largest AI customers

A major prong of Microsoft's AI strategy is offering models from a variety of providers through a marketplace called Foundry, which had 100,000 customers as of July.

China says Donald Trump's economic warfare won't solve Iran crisis

China was Iran's 2nd-largest trading partner in 2025, behind the UAE, which this week cut all economic ties with Tehran after accusing it of firing ballistic missiles at UAE's territory

NSE may allow its shares to trade on its own platform after BSE listing

The proposal was discussed with global investors during IPO roadshows and could pave the way for NSE shares to enter its benchmark indexes

RBI Guv expects $80 bn foreign-currency inflows from rupee support measures

RBI Governor Sanjay Malhotra said flows have been stronger than expected, with FCNR(B) deposits and overseas borrowing already bringing in $56.85 billion

RBI's hawkish minutes rattle bond market investors, put rate hikes in play

Deputy Governor Poonam Gupta flagged a possible rate hike later this year as policymakers grew more wary of inflation risks despite retaining a neutral stance

Evergrande founder Hui Ka Yan gets life term, firms fined $2.4 bn

The property tycoon was convicted of fundraising fraud and bribery, while Evergrande and its onshore unit were fined 15.82 billion yuan

Bitcoin surges 8% as short squeeze ripples across battered crypto market

Bitcoin climbed to around $69,500 after a wave of short covering, amid Trump's meeting with crypto executives and lower borrowing costs adding to buying momentum

US boosts long-term debt buybacks after yields hit highest levels in years

Treasury Secretary Scott Bessent invoked the buyback program last year as part of the department's "big toolkit we can roll out" if needed to address dislocation in the Treasuries market.

Indian startup Murf AI aims to compete with OpenAI in crowded voice arena

Murf AI's text-to-speech Falcon 2, publicly available from Aug. 20, ranked higher than some platforms from better-funded players such as OpenAI's Realtime API in benchmarks

Ukraine attack sparks fire at refinery in Russia's Ufa; assessment underway

Ufa is home to three oil refineries, Novoil, Ufimsky and Ufaneftekhim, all owned by Rosneft PJSC's Bashneft unit.

Monsoon crop sowing caught up after July rains: Agri Secy Atish Chandra

Sowing of most crops, including pulses, oilseeds and cotton, is progressing satisfactorily, according to Agriculture Secretary Atish Chandra.

Marvell Tech gives Google right to buy up to $12.2 billion in shares

Google may purchase up to nearly 59 million Marvell shares at a price of $206.58 apiece, Marvell said Wednesday in a regulatory filing.

Global bond slump sends long term borrowing costs to highest in decades

One fear is that persistent geopolitical turmoil will make economies more prone to supply shocks and inflationary pressures.

Pakistan govt to fight court order moving jailed Imran Khan to hospital

Law Minister Azam Nazeer Tarar said Tuesday that Khan should be treated at a state-run hospital, arguing that rules don't allow inmates to receive treatment at private facilities

Tiger Global-backed Upstox begins talks for potential $400 million IPO

Discussions are at an early stage and details including the size and timing of the offering, could still change

India replaces Indonesia as Asia's least-preferred stock market: BofA poll

The lack of a clear AI exposure remains the key concern for Indian equities, with weak growth emerging as the next most important risk, according to the survey

India's exports to US remain unchanged after a year of Trump's tariffs

An analysis of trade ministry data for the 12 months through July shows the US continues to account for about 20% of India's exports

Apple's anti-AI position suddenly becomes stock market baggage

Since closing at a record high on July 28, Apple shares have fallen 10% following the iPhone maker's disappointing earnings.

India challenges US tariffs on quartz products with WTO consultation bid

Under WTO rules, the US has to enter into consultation within 30 days of receiving the request. If the dispute isn't resolved within 60 days, India can request the establishment of a panel

Pakistan top court orders former PM Imran Khan to be shifted to hospital

The top court ruled that Khan be moved to a Shifa International Hospitals Ltd. facility in Islamabad for treatment until the next hearing of his appeal