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SoftBank Group lines up Apple, Nvidia as strategic Arm IPO backers

The investors will put in amounts ranging from $25 million to $100 million, according to the people

Spotify to cut back promotional spending on white noise podcasts: Report

Spotify has been paying and providing ad support to podcasters who provide white-noise programming

Dependence on cheap Russian crude oil will fall sharply: Hardeep Puri

India's consumption of Russian crude has soared since President Vladimir Putin's invasion of Ukraine in February last year, ousting Saudi Arabia and Iraq from the top spots

JP Morgan found $1 bn in suspicious Epstein activity: US Virgin Islands

The financial activity was detailed in a filing to the US Department of Treasury in 2019, a lawyer for the USVI said in federal court in Manhattan on Thursday

China's electric vehicle war gets fiercer as Tesla, Zeekr dial it up

There were signs that China's intense EV price war, which has eaten into automakers' margins, was starting to abate in June and July but Friday's action has cast doubt over that

Tesla's $41,000 model X discount unlocks subsidies Musk wanted gone

Musk in December 2021 called for the Biden administration to get rid of the incentives, citing concerns about government spending and the deficit

US hiring likely to slow again amid writers' strike, Yellow bankruptcy

Two high-profile events in particular - the Hollywood writers' strike and the bankruptcy of trucking company Yellow Corp

Alibaba-backed EV maker IM Motors weighs raising fresh funds: Report

The Shanghai-based company is working with advisers including China International Capital Corp. as it seeks to raise about 6 billion yuan ($828 million), the people said

Saudi money is unbeatable, says Ben Stokes as Kingdom sets eye on cricket

The Indian Premier League is currently the most lucrative, though, attracting players including Stokes. But that could change given the financial firepower of Saudi Arabia

Foreign investors snap up India stocks while fleeing most EMs in August

Global funds purchased $1.6 billion of Indian shares on a net basis last month through Aug 30, that's even as they withdrew a combined more than $6 billion from Taiwan, South Korea and Indonesia

India sees record demand for rooftop solar as companies seek clean energy

Companies are on pace to install 4 gigawatts of panels on top of buildings in this financial year ending March 31, nearly doubling the previous record

HDFC Capital Advisors plans to raise $2 billion private credit fund

The fundraising underscores an increased appetite for credit in India as real estate firms launch projects to meet demand from customers reviewing their home purchase decisions after the pandemic

Apple tests using 3D printers to make devices in major manufacturing shift

The new approach has the potential to streamline Apple's supply chain and kick off a broader shift

India's crude oil imports from Russia down 24% MoM, lowest in 7 months

Indian refiners also cut shipments from Iraq, another top supplier, by 10% on the month in August to 848,000 barrels a day

UBS smashes Q2 banking profit record on heels of Credit Suisse takeover

The $29 billion gain is a result of the accounting difference between the $3 billion price UBS paid for Credit Suisse and the value of the acquired lender's balance sheet

Bargain flight prices disappear as airline industry transforms into duopoly

The higher prices come at a time when two domestic carriers - IndiGo and Air India Ltd. - are set to control the bulk of one of the world's fastest-growing aviation markets

X, formerly Twitter, plans to collect user biometric, job, school data

X (Twitter) said it also intends to gather information about users' jobs and education histories

Visa, Mastercard plan to add new card fees for retailers in coming months

With the increases, merchants could pay more than $500 million in additional fees each year, according to merchant-consulting company CMSPI

Amazon's Alexa, Google's Assistant will share same JBL smart speaker

Three models of the JBL Authentics-branded smart speakers will debut in the US on Sept 17 and sell for $330 to $700

Apple tests using 3D printers to make devices in major manufacturing shift

The new technique uses a type of 3D printing called binder jetting to create the device's general outline at close to its actual size, or what is known in manufacturing as the "near net shape"