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Private credit deals gaining momentum in India, says Cerberus MD Ghosh

Cerberus, which has $65 billion under management globally, was among the anchor investors in Shapoorji Pallonji Group's $3.4 billion financing, the country's largest private credit deal to date

Trump admin lifts chip design export curbs as part of new China deal

US Commerce Dept has informed one of the world's leading chip design software providers, Germany's Siemens AG, that requirements to seek govt licenses for business in China are no longer in place

Beijing on alert as US trade deals seek to curb Chinese supply chains

That will hit products with components from China and possibly other nations, which are routed through Vietnam or subject to only minimal final assembly before being exported to the US

Microsoft to cut 9,000 jobs companywide in second wave of layoffs this year

US units were expected to be told later Wednesday how many jobs would be cut at each office. Microsoft's gaming division had about 20,000 employees as of January 2024

Trump rules out delay to July 9 tariff deadline, renews warning to Japan

Trump for weeks has sought to exert leverage over trading partners with threats to set high levies on governments he sees as being difficult

RBI panel likely to recommend govt retain current 4% inflation target

Retaining the inflation target would remove some uncertainty about the process and reassure market participants about policy continuity under Governor Sanjay Malhotra

Last-minute twist in xAI deal brings Barclays, MUFG, and UBS on board

Barclays Plc, Mitsubishi UFJ Financial Group Inc. and UBS Group AG were added to the recent bond and loan sale for Elon Musk's artificial intelligence startup

Jeff Bezos unloads $737 million of Amazon stock in year's first sale

The sale, which coincided with his star-studded wedding to Lauren Sanchez in Venice, is part of a 10b5-1 trading plan Bezos adopted in March for up to 25 million shares

Biocon eyes early lead in generic Wegovy, Ozempic sales in Canada from 2026

The Bengaluru-based company is seeking approval of generic Ozempic by September from Canadian authorities, and also in some emerging markets, its managing director, Siddharth Mittal said

HDB to debut on Mumbai bourse following biggest Indian IPO of 2025

The IPO is the biggest since Hyundai Motor India Ltd.'s record $3.3 billion deal in October and comes as institutional share placements and listings are picking up after a lull

Israel urges China to pressure Iran to rein in military, nuclear ambitions

'China is the only one capable of influencing Iran,' Ravit Baer, Israel's Consul General said. 'Iran would collapse if China didn't buy its oil'

Stablecoins challenge Visa and Mastercard as digital payment shifts grow

Still, displacing card networks won't be easy, especially in the US, where consumers are used to rewards, fraud protection and credit access - perks not easily replaced

Russia considers stake sale in $25 billion Turkish nuclear power plant

The project has been beset by delays and financing problems because foreign banks fear exposure to US penalties

Standard Chartered hit with $2.7 bn lawsuit over 1MDB money laundering

The claimants allege that Standard Chartered Bank permitted more than 100 intrabank transfers between 2009 and 2013 that helped to conceal the flow of stolen funds

Car manufacturers push back against govt's aggressive emission limits

The proposed steep cut risks billions of rupees in penalties and threatens future investments in one of India's most critical manufacturing sectors

Musk lashes out at tax bill supporters, threatens to unseat lawmakers

Musk warned that the proposed cuts to EVs and other clean energy credits would be "incredibly destructive" to the country, destroying millions of jobs and giving "handouts to industries of the past"

Trump threatens Japan with tariff, aims for trade deals after July 4

Trump's latest round of brinkmanship with Tokyo on Monday comes just over a week before a July 9 deadline for higher tariffs to restart for dozens of trading partners, including Japan

Apple considers using Anthropic or OpenAI to power Siri in major shift

A switch to Anthropic's Claude or OpenAI's ChatGPT models for Siri would be an acknowledgment that the company is struggling to compete in generative AI - the most important new technology in decades

Trump trade deals poised to fall short of sweeping reform promises

Even with those high stakes, it was still unclear whether the administration would hold firm on the deadline or extend it to allow more time for talks

PM Modi's five-nation tour to focus on critical mineral partnerships

China, the world's biggest producer of rare earth elements, has begun restricting exports of the minerals as it increasingly uses its dominance for geopolitical leverage