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Weak monsoon, heat drive India's September power deficit to decade high

Peak power shortfalls exceeded 2 GW on more than half the days in September as weak rains cut hydropower output and hot weather drove up electricity demand

India's domestic funds push IPO valuations lower amid market strain

The median price-to-book ratio for IPOs raising at least ₹1,000 crore fell to 7.4 times in 2026 from 10.2 times last year as local funds push for lower valuations

From farmers to shopkeepers, India counts the cost of a weak monsoon

Rice yields have fallen after erratic monsoon rains, while higher farm input costs threaten rural incomes and spending during the key wedding and festival season

Indian oil refiners change tactics, hire tankers to sail through Hormuz

Refiners are shifting from relying on Gulf producers and traders to transport crude through Hormuz, seeking to reduce the premium paid for cost-and-freight shipments

India's $133 billion cash deluge puts RBI on a more hawkish policy path

Record inflows from Indians abroad have left banks flush with cash, pushing overnight rates below the RBI's 5.25 per cent policy rate as inflation pressures build

Flydubai incident renews debate over mandatory cockpit video recorders

Cockpit video could provide investigators with a visual record of the Flydubai attack, but privacy concerns and opposition from pilots' unions have complicated calls for a mandate

US fuel supplies hit 12-year low as global oil crisis rages on

Stockpiles of gasoline dropped to 204 million barrels last week, according to US Department of Energy data released Wednesday.

Ken Griffin commits $3bn to Carnegie Mellon in single largest donation ever

The commitment will more than double Griffin's previous donations, bringing the total to roughly $5.7 billion.

Japan's Toho Holdings eyes KKR's health device maker PHC for $1.3 billion

While domestic investment funds have also shown interest in PHC, Toho is currently the only prospective buyer engaged in concrete discussions

Coca-Cola considering December filing for India bottling unit's $1 bn IPO

The Atlanta-based drinks giant has also added Axis Capital Ltd. and IIFL Capital Services Ltd. to the roster of banks working on the Hindustan Coca-Cola Beverages Pvt deal

Britain could rejoin the EU after next election, says PM Andy Burnham

Burnham outlined three options he would discuss at a UK-EU summit slated for later this year

Foreign money flees India again as surge in oil prices undoes policy gains

Global funds have sold $2.1 billion of local equities so far this month, following two straight months of purchases

Apple set to sell 6 million iPhone Duos in 2026: Counterpoint Research

The figure, more typical of niche foldable segment than Apple's usual smartphone sales, is contingent on how well the company ramps up production of the new hardware, Counterpoint senior analyst said

OpenAI eyes raising $30 billion in funding at $1.4 trillion valuation

The firm is seeking a valuation of around $1.4 trn, not including the money raised, said the people, potentially vaulting it back above longtime rival Anthropic's most recent private market valuation

Record quarter primes India IPO market for another blockbuster year

Listing proceeds surpassed $9 billion in July-September, the most ever for the period, according to data compiled by Bloomberg

Trump backs independent AI audits in shift toward stronger safety measures

Under the agreement forged at a White House lunch Tuesday with nearly two dozen top tech industry executives, AI companies also committed to regularly meet to set best practices for the industry

China's factory activity rebounds in Sep with stimulus lifting outlook

The official manufacturing purchasing managers' index was 50.1 in September, up from 49.8 in August and in line with the forecasts of economists surveyed by Bloomberg

AI may force 11 million workers into new jobs by 2035, says McKinsey

Roughly 11 million American workers, or about 7% of the current workforce, may need to change jobs by 2035 because of artificial intelligence-related displacement, according to the report

Global AI industry needs to earn $6 trillion to justify data centres: Bain

The report comes as debate intensifies around the as-yet elusive returns for AI service providers

Gujarat Themis secures $58 million private credit for Japanese acquisition

Founded in 1981, Gujarat Themis is India's first company to start commercial production of the anti-tuberculosis drug Rifampicin, according to its website