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Why G7 nations are concerned about mounting global economic imbalances

G7 finance ministers agreed last month coordinated action, long elusive in the broader G20 grouping, was needed and warned imbalances could otherwise unwind in a financial crisis

Oil dips as investors weigh Iran war deal, Hormuz reopening uncertainty

Brent crude futures dipped 16 cents, ​or 0.2 per cent, to $78.80 a barrel by 0340 GMT, while US West Texas Intermediate fell 25 cents, or 0.3 per cent, ‌to $75.80 a barrel

Jio set to file draft ‌papers for its $4 billion IPO within days: Report

Reliance Jio ​Infocomm may soon file its $4 billion IPO and just before billionaire ‌Mukesh Ambani's closely watched annual speech on Friday to Reliance Industries' ​shareholders

Rice stocks climb to record high; wheat inventories at five-year peak

India's rice stocks hit a record high and wheat inventories reached a five-year peak, boosting food security and giving the government room to manage prices

US-Iran deal promises end to war but how it will work still unclear

US President Donald Trump said on Monday a preliminary agreement to end the conflict had been signed by the US and Iran, although details have yet to be made public

Indian soybean acreage likely to rise on high prices, weak monsoon outlook

Soybean prices climbed to ₹7,587 per 100 kg last month, a four-year high and well above the government's support price of ₹5,328

India in talks for rare earth samples from Rosneft-owned Siberian deposit

State-backed IREL is at the forefront of India's global outreach to secure rare earth supplies to meet rising domestic demand and wean itself off dependence on China

Oil prices fall as markets weigh return of supply, US-Iran peace deal

On Monday, oil prices fell nearly 5 per cent to their lowest close since March 4, after US President Donald Trump said a memorandum of understanding was signed to end the US-Israeli war with Iran

US Supreme Court rejects TCS challenge in $168 million trade secrets case

Tata had appealed ‌after a lower court upheld a judge's decision to set the award at $56 million in compensatory damages and $112 million in punitive damages to Ashburn, Virginia-based DXC

US court rejects Musk's xAI suit accusing OpenAI of stealing trade secrets

The judge said asking job candidates to discuss their prior work was routine, and one could not infer that OpenAI pushed Li to leak anything confidential

TCS to take $70 mn hit after US SC rejects appeal in trade secrets case

TCS, which had already set aside $150 million for the case, said it will book a further $70 million towards damages, interest and legal costs as a one-time exceptional charge in the first quarter of 2

China's industrial output rises 4.5% in May but retail sales contract

The reading beat expectations of a 4.3 per centincrease in a Reuters poll

BOJ raises interest rates to 31-year high as Iran war fuels inflation risks

In a widely expected move, the BOJ decided to raise its short-term policy rate to 1 per cent from 0.75 per cent, taking borrowing costs to levels unseen since 1995

Microsoft sued by shareholders over expenses, Azure cloud business, AI

The proposed class action led by a Michigan pension ​fund was filed in Seattle federal court on Friday, after Microsoft shares fell 10 per cent on January 29

US saw risk of Anthropic AI models being used by foreign military: Lutnick

The stakes are high, with the government seeking assurances that the models cannot be used to harm the US, while Anthropic is pushing to restore access to its top-tier models

China's retail sales fall for first time since 2022 as consumption slows

Retail sales, a key gauge of consumption, slid 0.6 per cent in May, reversing April's 0.2 per cent rise and below the estimated 0.0 per cent, the first monthly fall since December 2022

Fox to acquire Roku in $22 billion deal to boost streaming ambitions

It is Fox's first major acquisition since CEO and Chairman Lachlan Murdoch cemented control over the media empire his father Rupert Murdoch built, following a family settlement last year

Global demand for EV rises 3% for third straight month in May: BMI data

'Europe really is the driving factor towards this growth at the moment', said BMI data manager Charles Lester

SpaceX IPO sparks debate over index rules as AI giants reshape markets

The IPO is the headline, but the real story is about index methodology, said Dina Ting, head of global index portfolio management at Franklin Templeton

US official says Iran deal signed, Strait of Hormuz set to reopen

The US and Iran have signed a framework agreement to end the conflict, paving the way for the reopening of the Strait of Hormuz and easing global oil market concerns