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IBM warns AI boom is squeezing software budgets, triggers sector rout

IBM forecast second-quarter revenue below estimates, saying clients shifted spending towards AI infrastructure, triggering a broader selloff in software stocks

US consumer inflation slows 0.4% in June, but Fed rate hike fears linger

US consumer inflation eased more than expected in June as energy prices retreated, though markets still see a possibility of a Federal Reserve rate increase this year

Citi, others retract India rate hike calls as inflation may stay moderate

Cooling core inflation and a lower annual inflation outlook are prompting economists to scale back expectations of RBI rate hikes despite June's retail inflation uptick

India draws nearly $10 billion under RBI's deposit drive to support rupee

The RBI announced a zero-cost foreign-exchange swap facility at its June ​5 policy meeting for deposits raised from non-resident Indians, allowing banks to offer higher returns on such deposits

LTM expects AI revenue to outpace traditional services: CEO Venu Lambu

LTM expects AI revenue to grow faster than its traditional IT services business as enterprise adoption accelerates, with demand rising for deployment of advanced AI models from Anthropic and OpenAI

China expels third Politburo member in deepening anti-graft drive

China expelled former Politburo member Ma Xingrui from the Communist Party over corruption charges, marking the latest high-profile purge

Oil prices climb to one-month high as US, Iran step up attacks in Hormuz

Oil prices climbed to a four-week high after the US reinstated its blockade of Iranian shipping and both sides intensified attacks around the Strait of Hormuz

Asian markets choppy as Trump's threat of Hormuz levy spooks traders

Asian markets traded mixed while oil climbed to a one-month high after Trump reinstated a blockade of Iranian shipping, heightening concerns over energy supplies and global inflation

US renews strikes on Iran while tankers come under attack in Hormuz

The US launched strikes on Iran as President Donald Trump reinstated a blockade of Iranian shipping and proposed a 20% fee on cargo transiting the Strait of Hormuz, escalating regional tensions

SK Hynix's Seoul shares see worst day; TSMC posts 36% hike in Q2 sales

The company's United States (US)-listed shares dropped 7.9 per cent to $154.7 in early trading after jumping more than 12 per cent in their Nasdaq debut on Friday

Iran blockade reinstated, US to charge 20% on Strait of Hormuz cargo: Trump

Donald Trump said the United States would reinstate a naval blockade on Iran and impose a 20 per cent charge on cargo moving through the Strait of Hormuz

Viatris unit Mylan plans to sell stake worth up to $363 million in Biocon

Mylan, part of global healthcare company Viatris, plans to sell up to 92 million shares in Biocon through a secondary offering valued at as much as Rs 34.81 billion

US-based fintech firm Payoneer opens tech hub in India, boosts hiring

Payoneer to hire 300 engineers by end-2026 as India GCC becomes its second-largest global tech and R&D hub

Oil jumps over 3% as fresh US-Iran strikes threaten Hormuz shipments

Oil prices climbed more than 3 per cent after fresh US-Iran military strikes renewed concerns over energy shipments through the Strait of Hormuz and regional supply risks

CERC orders renewable firms to surrender unused grid connectivity

The firms can also transfer transmission rights for their group utility that are generating but does not have connectivity to grid, an order from the ‌Central Electricity Regulatory Commission said

TSMC posts record second-quarter revenue as AI demand drives 36% growth

Taiwan Semiconductor ​Manufacturing Co (TSMC) is a major supplier to companies including Nvidia and Apple

Hormuz traffic falls to multi-week low amid renewed US-Iran conflict

Six vessels transited the strait on Sunday, ship-tracking data from Kpler showed, the ‌lowest number in five weeks

Nippon Paint offers $8.6 billion for AkzoNobel decorative paints unit

Nippon Paint had previously sought to buy AkzoNobel's entire business along with US-based Sherwin-Williams for €12.5 bn, but the bid was rejected ‌in May, after which the two ​withdrew their offer

Iran expands attacks on Gulf states, says Strait of Hormuz remains closed

The renewed violence casts further doubt on the future of an interim US-Iranian agreement signed last month that aimed to reopen the strait and end the war after a further 60 days of negotiations

Donald Trump says Strait of Hormuz remains open to commercial traffic

Trump's comment came even as the US and Iran continue to exchange attacks that have raised concerns about safety