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Bloomberg
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Search for answers begins in Air India crash that killed 241 people
The focus yesterday was on rescue efforts, while the search for material evidence starts today, said a senior official from the Aircraft Accident Investigation Bureau of India
 "Search for answers begins in Air India crash that killed 241 people")
$115 bn fund manager ICICI Prudential bets on short-term Indian debt
The recent slowdown was a "mid-cycle correction", and the central bank's policy support has laid the groundwork for growth to return to its long-term trend
 "$115 bn fund manager ICICI Prudential bets on short-term Indian debt")
Israel disregards Trump with major attack on Iran's ballistic-missile sites
Israeli leader Benjamin Netanyahu appeared to have defied Trump with his decision to go ahead with an attack on Iran's nuclear programme that US and allied officials had feared
 "Israel disregards Trump with major attack on Iran's ballistic-missile sites")
Meta hires AI talent from Google, Sesame to build superintelligence team
Meta and Zuckerberg are offering compensation packages worth tens of millions of dollars over several years, including equity, according to people familiar with the matter
 "Meta hires AI talent from Google, Sesame to build superintelligence team")
Donald Trump says he offered assistance to India after Boeing crash
US President Donald Trump on Thursday expressed deep sorrow over the Air India plane crash in Ahmedabad, describing it as "one of the worst in aviation history.
 "Donald Trump says he offered assistance to India after Boeing crash")
RBI winds down offshore currency tool reflecting shift in strategy
Reduction in the offshore exposure accounts for most of the recent drop in the RBI's overall forward dollar positions
 "RBI winds down offshore currency tool reflecting shift in strategy")
Airbus projects global aircraft fleet to double by 2044, led by India
The global in-service fleet will swell by 24,480 units to 49,210 aircraft in 2044, Airbus predicted in its latest global market forecast
 "Airbus projects global aircraft fleet to double by 2044, led by India")
JSW Cement begins roadshow ahead of next month's planned Mumbai IPO
JSW Cement could be joining a swelling pipeline of summer listings in India, where the central bank cut rates by a bigger-than-expected 50 basis points last week
 "JSW Cement begins roadshow ahead of next month's planned Mumbai IPO")
Block deals, IPOs surge as investors race to tap India's booming market
The South Asian nation saw $6.4 billion raised through share sales in May, the highest monthly total since December 2024, according to data compiled by Bloomberg
 "Block deals, IPOs surge as investors race to tap India's booming market")
Toyota shareholders vote to reappoint Akio Toyoda as chairman of group
Although major proxy advisers backed Toyoda's reelection, reversing their stance after voting against him in 2024, investors got a chance to air their grievances
 "Toyota shareholders vote to reappoint Akio Toyoda as chairman of group")
US DOJ urges federal court not to limit Trump's use of troops in LA
Justice Department lawyers argued that a bid by California to limit the troops to guarding federal property and personnel is illegal and called it "a crass political stunt"
 "US DOJ urges federal court not to limit Trump's use of troops in LA")
RBI sends conflicting signals about monetary policy with surprise moves
The Reserve Bank of India surprised analysts last week by cutting interest rates more than expected and announcing a cash boost for banks, citing the need to spur growth
 "RBI sends conflicting signals about monetary policy with surprise moves")
Donald Trump open to talks with North Korea's Kim Jong Un: White House
The renewed call for dialogue comes as US ally South Korea seeks to reduce tensions on the Korean peninsula following the inauguration of new liberal President Lee Jae-myung last week
 "Donald Trump open to talks with North Korea's Kim Jong Un: White House")
US tariff revenue hits record high in May, helping cut budget deficit
The Treasury Department recorded $23 billion in customs-duties revenue for May, according the agency's monthly budget statement
 "US tariff revenue hits record high in May, helping cut budget deficit")
Pentagon mulls scrapping Aukus submarine deal with Australia, Britain
The review will study whether the deal, signed by President Joe Biden's team in 2021, is "aligned with the President's America First agenda," the Pentagon said
 "Pentagon mulls scrapping Aukus submarine deal with Australia, Britain")
World Bank lifts ban on nuclear power, considers upstream gas projects
Meeting rising power demand is 'one of the most urgent and complex development challenges we face,' the bank's president, Ajay Banga said
 "World Bank lifts ban on nuclear power, considers upstream gas projects")
Adani group plans Airport unit IPO by 2027, hastens $100 billion capex
The ports-to-power conglomerate has doubled the pace of its capital spending plan and now intends to plow $100 billion in five to six years instead of spreading it out over a decade
 "Adani group plans Airport unit IPO by 2027, hastens $100 billion capex")
US to withdraw some embassy staff from Middle East as tensions rise
US officials have been told that Israel is ready to launch an operation into Iran, which is part of the reason why the Trump admin advised some Americans to leave the region, CBS News reported
 "US to withdraw some embassy staff from Middle East as tensions rise")
Fulbright board resigns over Trump admin's interference in scholarships
The board resigned amid a broader push by the Trump administration to exert greater control over American higher education
Fulbright board resigns over Trump admin's interference in scholarships
The board resigned amid a broader push by the Trump administration to exert greater control over American higher education
