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Trump plans $700 mn in new coal support using Cold War-era defence powers

Trump admin has framed energy issues in existential terms as it eyes domestic need to sustain power-hungry AI data centers and aims to marginalise foreign adversaries that hold fossil fuel reserves

Oil price cllimbs 2% as West Asia hostilities flare, Iran-US talks stall

Brent ​futures settled up $1.81, or 1.89 per cent, at $97.81 a barrel, while US West Texas Intermediate crude ​climbed $2.26, or 2.41 per cent, to $96.02

Apple agrees to provide India financial data to CCI in antitrust case

Apple's decision to submit India financials moves the CCI's antitrust probe closer to a potential penalty over alleged App Store market abuse

Sebi bars Rajesh Exports, flags ₹15.15 trn revenue inflation scam

The Securities and ‌Exchange Board of India (SEBI) has barred the company and its owner from the securities markets till it completes its investigation

India eyes $2 billion military drone order in biggest procurement yet

The plans are in advanced stages with deliveries expected over 18 to 24 months, for a jump in value from recent government orders worth 30 billion rupees ($313 million) for tactical-class drones

Trump says Iran has agreed to forgo nuclear weapons, may meet Mojtaba

Asked about Khamenei's involvement in talks with the US on ending hostilities, Trump said, "He's involved, absolutely. ...I think they have a lot of respect for him"

RBI, Sebi tightens checks on overseas flows as currency pressure mounts

In a rare move, the RBI has sent at least 10 queries to ascertain whether funds were routed overseas without a clear business purpose or tangible asset backing

India's fuel demand outlook hit by price hikes, slowing industrial activity

State retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum implemented four rounds of price hikes ‌since mid-May after holding off earlier due to elections

Tata Motors planning to license China's Chery for premium EV push

India's biggest electric carmaker, will use Chery's platform to locally build EVs under ​its premium Avinya brand with plans ‌for at least two ​cars, ‌the first of which will ‌be launched in 2027

ChatGPT becomes fastest app to cross 1 billion monthly active users

The record comes amid growing competition between Anthropic and OpenAI for dominance in the rapidly expanding artificial intelligence market

Warsh pledges to follow best of Fed's traditions while looking for change

The memo is an early window on Warsh's efforts to pursue what he has described as an extensive reform agenda for a central bank he regards as having strayed from its mission

SpaceX targets $75 billion IPO at $135 a share, valuing firm at $1.75 trn

The rocket and satellite communications company hoped to raise at least $75 billion, at a valuation of $1.75 trillion

Oil prices rise over 1% as new West Asia hostilities flare, talks stall

Brent futures rose $1.05, or 1.09 per cent, at $97.05 a barrel, while US West Texas Intermediate (WTI) crude rose $1.01, or 1.08 per cent, to settle at $94.77

India corporate bond sales seen slowing as borrowing rates hit 7-year high

LSEG benchmark ​yields on AAA-rated corporate bonds in the two- to five-year maturity bucket ‌rose above 8 per cent last week, the highest since January-March 2019, the data showed

SP Group to complete dual tranche debt sale by mid-June, says report

Goswami Infratech has now secured commitments from at least five foreign and domestic investors to subscribe to a planned rupee-bond issue, the sources added

Iran says reviewing US ceasefire proposal as Trump says talks continuing

Trump said on Monday that negotiations with Iran were continuing and there would be a deal over the next week to extend a ceasefire agreed in early April and reopen the Strait of Hormuz

Iran war puts RBI in razor-edge policy bind over inflation, growth, rupee

The rupee has tumbled ​to record lows since the Iran war broke out at the end of February

Trump signs order amending tariffs on steel, aluminum and copper imports

The order also allows foreign companies to qualify for a 10% tariff if 'their capital equipment includes at least 85% aluminum by weight'

Asian stocks slide as West Asia ceasefire doubts offset AI optimism

MSCI's broadest index of Asia-Pacific shares outside Japan ​fell 0.6 per cent, having fluctuated between gains and losses as trading commenced

Blackstone raises record $13.1 bn for its largest Asia private equity fund

Blackstone, which was targeting $10 billion for the fund named Blackstone Capital Partners Asia III, said it has raised more than double the amount of its previous vehicle