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One of world's youngest billionaires to double fortune on Ola IPO

Aggarwal, 38, added $1.4 billion to his wealth after shares of his SoftBank Group Corp.-backed Ola Electric jumped 16 per cent

After getting out of hand during Covid, subscription boom faces big test

A majority of US adults surveyed in March said they pay too much for subscriptions

Temu owner's billionaire founder Colin Huang becomes China's richest person

Huang has mainly stayed out of the limelight after he stepped down as PDD's chief executive in 2020

Japanese govt issues its first 'megaquake' warning after powerful tremor

Defined as a major tremor occurring in 100- to 150-year cycles, a megaquake could surpass the damage from the March 2011 earthquake

Investors grow concerned with India's heatwaves as they hit earnings

The heatwave featured no fewer than 80 times in earnings calls for the quarter ended June

Group of about 1,200 tech workers signs letter backing Kamala Harris

The letter called Harris an 'archetypical innovator' and 'champion of technology'

RBI expected to step up intervention if the rupee touches 84 level

Indian currency tested a series of record lows in recent days but stopped short of crossing that key level

Why the collapse of a friendly govt in Bangladesh is bad news for India

Chaos at India's eastern doorstep is also a warning to the bigger economy: youth want employment

Three quarters of global carry trades removed: JPMorgan Chase & Co

The carry strategy - which involves borrowing at low rates to fund purchases in higher-yielding assets elsewhere - has been wobbling for months

Meta raises its largest high-grade debt sale of $10.5 billion: Report

The longest portion of the deal, a 40-year security, yields 1.3 percentage points above Treasuries after initial discussions of around 1.55 percentage points

Dimon Says He's Skeptical Inflation Will Return to Fed's 2% Target

Dimon has been warning for more than a year that inflation may be stickier than investors expect

Govt to retain curbs on sugar exports to ensure adequate domestic supplies

The government wants to make sure there's enough sugar for the local market at reasonable prices, and on using more cane to produce ethanol

Bangladesh may not hold elections so soon, says ex-foreign secretary

The interim government is likely to be around for a longer term because they need to bring about constitutional changes

US Judge refuses to block Byju's payment to India's cricket board

US Bankruptcy Judge Brendan Shannon rejected a lender request to block Riju Ravindran, brother of Byju's founder

Tim Walz poorest of other V-P candidates with net worth of under $1 mn

Walz's most recent disclosure to the Minnesota Campaign Finance Board listed no stocks, real estate or horse racing interests

Indian companies dismiss global worries to push ahead with IPO listings

The pipeline underscores investor exuberance in India despite turbulence in global equity markets

RBI watchers on guard for shift as Guv Das takes decision on interest rate

Global markets have been roiled in recent weeks by central bank action, with the Bank of England cutting interest rates last week, the Bank of Japan hiking, and the Federal Reserve preparing to ease

EVs, hybrid vehicles set to exceed China's 50% car sales for first time

Sales of electric vehicles and plug-in hybrids, which are counted under the category of new energy vehicles in China, rose to 879,000 units, making up 50.8 per cent of total sales

Adani planning to raise $1.2 bn for flagship firm via share sale: Report

Adani Group is seeking institutional investors including from the US as part of its efforts to expand its shareholder base and draw more research analysts to cover the firm

Govt panel considering major cut to food weighting in new CPI basket

The panel, under the statistics ministry, is discussing a proposal to reduce the weight of food in the consumer price basket by as much as 8 percentage points