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FSSAI calls Diageo's 'matured in American oak casks' claim misleading

United Spirits told stock exchanges this week it anticipated no financial implications from the ban but ​it was closely monitoring the matter

FSSAI won't ease 'energy drink' label deadline, unnerving companies

PepsiCo, Red Bull, Monster and Reliance face a 90-day deadline to drop 'energy drink' labels from high-caffeine beverages

Trump moves to fire Fed's Lisa Cook again after June court setback

The White House has asked Cook to respond within three weeks to mortgage-fraud allegations that her lawyer called baseless, according to a report by ABC News on Friday

US jobs fall unexpectedly in July as earlier payrolls revised lower

The US economy unexpectedly lost jobs in July, while payroll figures for the previous two months were revised sharply lower, reducing expectations of a Federal Reserve rate hike.

Cloudflare shares jump after forecast raise on higher AI-driven spending

The earnings follow Amazon.com's strongest ​cloud growth in more than four years. Amazon company noted that it won't have enough capacity to meet all demand this year.

Airbnb hits 4-year high: Investors cheer revenue forecast raise, AI payoff

Airbnb shares surged after the company raised its full-year revenue forecast, citing resilient global travel demand while reporting quarterly revenue above market estimates.

Ola Electric Q1 results: Loss narrows to ₹336 crore on higher EV sales

The results come as demand for electric two-wheelers remains strong in India, with analysts expecting the segment to continue gaining share of the broader two-wheeler market

Saudi, Turkey and Pakistan sign joint defence deal amid regional turmoil

Iran and its allies have been firing on Saudi and other Gulf states, and blockading their energy shipments, since US and Israel attacked it on Feb 28 in major escalation of years of regional tumult

India's July consumer inflation likely edged higher on food prices: Poll

Uneven rainfall across the ​country this year has hampered agricultural output, driving food costs higher

Govt set to exceed key fundraising goal on state-firm stake sales

The long-delayed sale of the government's stake in IDBI Bank is also likely to conclude this fiscal year, potentially adding $2.5 billion to state coffers

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