Page 8 - Reuters%20/undefined

Canada's Fairfax may get 2 years to consolidate holdings for IDBI Bank deal

A long-delayed sale of a majority stake in IDBI Bank, held by the federal government and ‌state insurer Life Insurance Corp of India, is in its final stages

Welspun Corp bags record $1.8 billion pipe supply order for US facility

The order highlights strong demand for pipes used in energy and infrastructure projects, while geopolitical tensions have spurred investment in new pipeline networks

Flash PMI rises to 54.6 in August from July's 52-month low of 54.3

While the reading stayed above the 50 mark separating growth from contraction, it remained below the recent average of around 60

Colgate Palmolive India appoints Kenvue exec as MD and CEO

Anandani was most recently managing director for India and South Asia at Kenvue, which was spun off from pharma giant Johnson & ‌Johnson's consumer business and listed in 2023

Tata Motors to raise car, SUV prices by up to ₹25,000 from September

The Nexon EV maker said the price increase aimed to partially offset rising input costs and persistent commodity inflation amid continued geopolitical uncertainty

Oil rises over 2%, nears $94 as Trump threatens countries supporting Iran

Brent crude futures settled up $2.16, or 2.4%, at $93.78 a ‌barrel, the highest since July 24

Asian shares head for weekly fall as global bond market stress persists

Yields on US ​Treasuries had resumed their climb after Wednesday's surprise intervention by Treasury brought barely a day of relief from selling

FTSE Russell equity indices clears BSE as eligible exchange from March 2027

Stocks listed on BSE's main board will be assessed for index eligibility from FTSE's March 2027 review, the index provider said

US to impose 'toughest sanctions in history' on Iran, says Bessent

Bessent's comments followed President Trump's threat a day earlier of 'economic warfare' and warning of economic consequences against any country that provided 'any type of lifeline to Iran'

SK Hynix workers to get 60% of 2026's bonuses in stock rather than all cash

Workers are set to ‌be paid an average 779 million won ($547,000) for ​2026, according to Reuters calculations.

Food distributor Sysco adds two board members to advance AI transformation

The move comes as food ‌and restaurant companies ​increasingly adopt AI tools ​to improve demand forecasting, inventory management, supply-chain planning ​and customer service.

Citi, HSBC, StanChart adopt Ant International's AI tool for liquidity risks

Ant International, an ‌overseas affiliate of the Jack Ma-founded Chinese ‌fintech firm Ant Group, raised $1.2 billion last month in its latest equity fundraising as it seeks to expand.

Walmart reports rare sales miss as consumers cut spending, shares fall

"When fuel prices increase and get above $4, perhaps there's a psychological impact ‌to that ... consumers are making trade-offs," CFO John David Rainey said

Alibaba's quarterly revenue up 9%, misses adjusted profit due to AI spend

Alibaba's capital expenditure rose 75% to 67.68 billion yuan in the quarter ‌ended June 30, as it continued to invest in AI infrastructure.

Humanoid robots nearing ChatGPT moment as physical AI advances: Unitree CEO

Shares in China's best-known humanoid robot maker fell 11% on Thursday, a day after soaring nearly sixfold in their market debut

Houthis say they attacked Najran airport, Aramco facilities in Saudi Arabia

Houthis have claimed that they carried out two drone attacks on Saudi Arabia, targeting area near the Narjan airport and an Aramco facility

India weighs low-cost loans for RE projects hit by power curbs

Government data shows India, which is the world's third-biggest solar power generator, curtailed 14%, or 8,133 gigawatt hours, of its solar power output between April and June.

Iran says Trump's 'Economic D-Day' is a diversion from US domestic problems

Iran said that ‌the US "Economic ​D-Day" ​against Iran was a ​diversion from America's economic problems and ​warned that ‌further pressure would ​fail.

Coal India plans Singapore trading hub in hunt for critical minerals assets

The move comes as Indian ‌state-run companies step up efforts to secure overseas supplies of critical minerals such as lithium and bauxite in order to reduce dependence on China

Oil prices rise for fifth session as Iran war threatens global supply

Brent crude climbed to $91.87 a barrel and WTI to $86 as the prolonged conflict raises concerns over supply disruptions from West Asia