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Cook hands Apple to Ternus: Bigger and richer, but catching up in AI race

Cook will become executive chairman on September 1, guiding Apple's dealings with ‌policymakers amid tense relations between its home market

OpenAI says Apple has only itself to blame in trade-secret fight

Apple sued OpenAI and former Apple employees Tang Tan and Chang Liu in July, accusing them of misappropriating trade secrets related ‌to hardware design, manufacturing and supply-chain operations

TCL sues Samsung for false advertising over 'Mini LED' televisions

The lawsuit, filed on Monday, alleges Samsung falsely marketed its M Model televisions as featuring the technology, which is designed to improve picture quality

US call for hands-off approach to AI regulation at G20 tech meeting

The US goals largely align with the thinking of the world's biggest AI companies, nearly all of which are American

Venezuela oil output to more than double in next few years: US energy chief

Venezuelan oil production peaked ​above 3 million barrels per day in the late ​1990s but plummeted after that on a lack of investment, mismanagement and US sanctions

ICICI Bank mobilises $17.9 bn under RBI foreign currency deposit scheme

The lender has also issued $3.63 billion in ‌guarantees to other banks for loans backed by the deposits In June, the Reserve Bank of India introduced a set of foreign exchange measures

Oil prices climb as US-Iran strikes fuel fresh supply disruption fears

Brent crude futures rose 87 cents, or 0.92%, ‌to $95.52 a barrel by 0008 GMT, while US West Texas Intermediate crude futures climbed 80 cents, or 0.89%, to $91.02

Coal India to sell 10% stake in subsidiary Mahanadi Coalfields' IPO

State-run Coal India is ‌offloading up to 661.8 million shares in its unit, according to the prospectus

OpenAI says upcoming Astra model requires stronger safety guardrails

The model, called Astra, ​can spot more security vulnerabilities than the most advanced OpenAI model publicly ​available today

Asian markets tumble as US-Iran fighting lifts oil and bond yields

Brent crude futures extended gains into a second day as trading resumed in Asia, rising 0.7 per cent to $95.34 a barrel after the US launched a barrage of airstrikes on Iran

US launches new barrage of strikes on Iran around Strait of Hormuz

"Today at 12 p.m. ET (1600 ​GMT), US forces began striking Islamic Revolutionary Guard Corps (IRGC) targets in Iran," US Central Command posted on X.

Scott Bessent says US likely to announce Iran bank sanctions this week

Bessent said it could be entities, airline leasing companies. He added, "It could be anyone who does business with the IRGC. We are tracking down the IRGC's assets"

Ukraine Parliament fails to pass tax law, risking $30 billion in aid

The government needed 226 votes for it to pass but got only 194. It was not immediately ​clear how many lawmakers voted against the bill, or were absent from the session.

Iran says it has enough foreign currency reserves despite US sanctions

"I am telling the President ​of the United States: Iran has (foreign) currency and it has enough," Central Bank ​Governor Abdolnaser Hemmati said

Two tankers reportedly struck as oil shipments through Hormuz face risks

Renewed attacks threaten the fragile recovery in oil shipments through the vital chokepoint, which had reached roughly half of pre-war levels thanks to clandestine shuttle runs from major Middle East

India, Zambia resume talks on copper, critical mineral investments

Officials from India's Mines Ministry held preliminary talks with Zambia on August 26 as New Delhi seeks overseas sources of copper and other critical minerals

VinFast suspends plans to make some EVs in India, reassesses costs

The Vietnamese automaker has asked suppliers to halt work on the VF3, VF6 and VF7 as it reassesses costs, dealing another setback to its India expansion

Oil prices rise as US-Iran fighting renews fears of supply disruptions

Brent crude rose 0.6% to $91.05 a barrel as renewed US-Iran fighting raised concerns over supply from the Middle East, the world's key oil-producing region

RBI FX forward book hits record $136.7 billion on surging overseas deposits

Through July 31, FCNR(B) deposits had accounted for $36.7 billion of the total $40.8 billion in foreign exchange inflows mobilised under the measures.

GRT Jewellers to acquire 74.12% stake in Tribhovandas Bhimji Zaveri

GRT will acquire the stake from the firm's top shareholders and launch an ​open offer for an about 26% additional stake, the companies ‌said in a press release.