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Alibaba plans to charge big users of its next open-source AI model

Alibaba plans to ask major commercial users of its upcoming Qwen open-source AI model to share revenue, mirroring rival Moonshot's licensing strategy as Chinese firms refine their monetisation models

Oil prices rise 1% on concerns over Strait of Hormuz reopening plans

Brent crude futures ‌rose 99 cents, or 1.2%, to $83.48 a barrel by 0010 GMT while US West Texas Intermediate futures rose 85 cents, or 1.1%, to $78.84

'It will end pretty soon': Trump signals Iran conflict nearing end

When asked about the status ‌of munitions ​stockpiles, Trump said the ‌country had an almost unlimited supply of ‌certain weapons but acknowledged inventories of others ​were limited

SoftBank Group posts lower drop of 18% in Q1 profit, gain on Intel stake

SoftBank's Q1 profit beat estimates, driven by gains on Intel and ByteDance investments, as investors tracked its growing AI bets and OpenAI exposure

Google's $15 billion India data centre project faces environmental concerns

The tech giant's planned Andhra Pradesh data centre hub is facing legal challenges and protests over concerns about water resources and its proximity to a wildlife sanctuary

Iran threatens Gulf states of retaliation if US launches new strikes

Iran warned Gulf states of retaliation if US strikes resume, as Israel-Lebanon clashes flared and shipping firms rejected a proposed Hormuz transit arrangement

Warner Bros' misses revenue targets on soft ad sales, weak box-office

Warner Bros Discovery missed Q2 revenue estimates as weak box office and the loss of NBA broadcasts hit studio and advertising sales despite optimism over its Paramount deal

Congo bans copper and cobalt concentrates exports, official order says

DRC has banned exports of copper and cobalt concentrates to boost domestic processing, a move that pushed London copper prices to a six-month high

Britannia Q1 profit rises 14% to ₹591 cr as West Asia war pushes up costs

Britannia Industries posts 14% profit growth in Q1, but higher fuel and shipping costs linked to West Asia tensions weigh on margins and earnings

Microsoft opens its largest India data centre hub as AI race heats up

Microsoft launched its largest India data center in Hyderabad, with Adani Group and HDFC Bank among early customers, as it expands AI infrastructure

Trent Q1FY27 result: Profit rises 22% as Westside, Zudio drive expansion

Tata Group's Trent has been on an expansion spree in recent quarters, ending June with 1,312 stores, including about 300 Westside and over 980 Zudio across 330 cities

Swiggy targets ₹10,000 cr core earnings by FY31 on Instamart growth

The food delivery platform expects strong expansion in Instamart and aims to nearly quadruple consolidated gross order value by fiscal 2031

HPCL buys 2 million bbl West African oil for September via tender

The state-run refiner has purchased Nigerian Forcados and Bonga crude for its Vizag refinery, according to trade sources

Medicover to sell India hospital business to KKR for $1.39 billion

The Swedish healthcare provider will sell its India hospital operations to KKR-managed funds as it sharpens its focus on key European markets

Kospi down 4% as Asian shares fall on tech pullback; oil prices steady

Tech stocks led losses across Asia after Wall Street's AI-driven rally lost steam, while oil prices held in a narrow range as investors weighed prospects for an Iran peace deal

Rupee steadies as lower oil prices, inflows boost carry trade appeal

Cooling crude prices and over $40 billion in recent inflows have eased depreciation concerns, improving the Indian currency's attractiveness for carry trades

Temasek-backed Milky Mist targets $1.13 bn valuation, fixes IPO price band

The Temasek-backed dairy company seeks a valuation of about $1.13 bn (₹10,778 crore) at the upper end of the price band after reducing its IPO size following a pre-listing stake sale

Eli Lilly raises annual revenue expectation as GLP-1 drugs fuel growth

Eli Lilly raised its full-year revenue forecast after stronger-than-expected quarterly results, driven by robust demand for Mounjaro and Zepbound

Honda raises full-year forecasts, posts first profit rise in six quarters

Honda raised its full-year forecasts after quarterly profit more than doubled, aided by a weaker yen and lower US tariff-related costs

Novo outlook hike falls flat as Wegovy pill sales fail to impress

Novo Nordisk raised its 2026 outlook, but investor sentiment remained subdued as Wegovy pill sales disappointed and CagriSema faced another setback