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Oil prices fall as markets await clarity on US-Iran talks, Hormuz tensions

Brent crude futures fell $1.42, or 1.43 per cent, to $98.16 a barrel as of 0253 GMT, while US West Texas Intermediate (WTI) crude lost $1.66, or 1.77 per cent, to $92.23 a barrel

India's GCC model shifts from cost to capability as AI, talent strains bite

India is now the world's largest GCC hub, with more than ​2,100 centres employing 2.36 million people and generating nearly $100 billion in revenue

AI to turbocharge patent creation at India tech hubs, say executives

Tech hubs have long outgrown their low-cost back-office origins to become innovation centres, but AI tools that can increasingly handle tasks have cast doubt on what role these centres will play next

Asian shares climb as markets eye US-Iran talks, central bank moves

Brent crude ​traded near $100 per barrel, and the greenback held gains from the previous ​session after Iran said the US had violated a ceasefire

AI unlikely to lead to 'jobs apocalypse', says OpenAI CEO Sam Altman

A growing number of global companies, including HSBC, Amazon, Standard Chartered and CBA have announced some jobs within their companies were being replaced by AI

AAIB prepares interim report on Air India crash as anniversary nears

The interim report ​from AAIB will be 'more comprehensive' than the preliminary report put out last July and will ​examine possible primary causes and other contributing factors

Kent RO delays IPO amid market volatility from West Asia conflict

Kent received regulatory clearance last June for a public listing comprising an offer for sale by existing shareholders, including Chairman and Managing Director Mahesh Gupta

Brent rises 2% as US military strikes Iranian boats, missile launch sites

While both contracts fell during the overnight session on hopes of a peace deal, the US strikes in southern Iran and Israeli attacks on Hezbollah have boosted Brent prices

Ferrari bets on €500,000 EV Luce amid uncertain sports car demand

Former Apple designer Jony Ive's studio LoveFrom was involved in developing the Luce, which sources describe ‌as a large car with a look distinct from Ferrari's usual models

Heat, El Nino and Iran war batter Maharashtra's Alphonso mango trade

Maharashtra is renowned for its Alphonso mangoes, but officials say hotter weather has ruined this year's crop of the variety known as the 'King of Mangoes'

India turns to Latin America, Africa for crude oil amid West Asia crisis

In April and May, Indian refiners raised imports from Venezuela, Brazil, Angola and Nigeria to make up the shortfall, as well as continuing to buy Russian oil

Missile and drone strikes kill 8 in Russia, Ukraine amid escalation

The strikes follow one of the heaviest Russian bombardments of ‌Kyiv since the start of the four-year war, ​after Moscow vowed on Saturday to retaliate

Trump says US-Iran deal will be meaningful or there will be no deal

Iran and ​the United States have played down ​hopes for an imminent breakthrough in efforts to end ​their three old war on Monday

Hindalco sees steady Novelis earnings, strong domestic demand in 2027

Hindalco expects high double-digit growth in domestic aluminium ‌downstream business in FY27, driven by ramp-up at its new rolling facility, Aditya FRP, and expansion into higher-value products

Schneider Electric sees India data centre business outpacing core growth

India's ‌data center market is projected to reach $31.36 billion by 2035, growing at a compounded annual growth rate of 13.37 per cent, according to Astute Analytica

India turns net importer of finished steel in April amid rise in shipments

India imported 0.7 million tonnes of finished steel in April, overtaking exports as domestic consumption and inbound shipments increased sharply

Toshifumi Suzuki, father of Japan's convenience stores, dies at 93

Toshifumi Suzuki pioneered the use of data to tailor inventory and built a business model centred on ready-to-eat meals and rapid inventory turnover

Oil falls 6% to two-week low as US-Iran seen moving closer to peace deal

Brent crude futures fell $5.85, or 5.7 per cent, to $97.69 ‌a barrel by 0343 GMT, while US West Texas Intermediate were at $90.85 a barrel, down $5.75, or 6 per cent

RBI will do 'whatever is required' to ensure orderly forex market: Guv

Malhotra said the rupee currently appears undervalued following a sharp depreciation of around 6 per cent since the West Asia war erupted on February 28

Taiwan, Chinese coast guards in maritime standoff at South China Sea

Taiwan and Chinese coast guards exchanged warnings near the Pratas Islands amid rising tensions in the South China Sea