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US says Iran naval blockade can continue indefinitely as talks stall

Defence Secretary Pete Hegseth said that the US military has the capability to maintain a naval presence in the region to enforce its blockade of Iran

India's forex reserves climb past $700 billion on robust inflows

India's foreign exchange reserves rose to a four-month high of $707 billion as of August ​7, bolstered by robust inflows under policy ​measures to strengthen India's balance of payments

DeepSeek launches V4 Pro at prices up to 14 times higher than V4 Flash

DeepSeek said ​the V4-Pro-0813 substantially improves its capabilities for ​AI agents and is available through its API, app and web products.

Microsoft retreats in China, but AI boom helps it keep a window open

Microsoft has shut at least 15 China offices and joint ventures in five years and considered exiting the market in 2023, as US-China tensions, regulations and technology curbs weigh on its business

Apple trains its own AI model for China market with Alibaba's support

The AI model was developed in partnership with Alibaba Group and trained with the Chinese tech giant's support

Oil prices edge higher after US threatens indefinite blockade of Iran

Brent futures rose 1 cent, or ‌0.1%, to $87.08 a barrel by 0247 GMT, while US West Texas Intermediate (WTI) crude futures rose 6 cents to $81.31 a barrel

Zetwerk files updated IPO draft papers with Sebi to raise ₹2,600 crore

Zetwerk's IPO also comprises an offer for sale of 96.8 million shares by existing investors

'Too reliant' on foreign sources: Trump to impose tariffs on drone imports

A proclamation signed by Trump imposes a 100 per cent ad valorem tariff ​on drones of a certain size or with certain capabilities that are particularly sensitive for national security purposes

Google unveils Gemini 3.7 Flash AI model for coding, agent workflows

Google's latest Gemini 3.7 Flash targets coding and autonomous business tasks at a lower cost, as investors await the delayed flagship Gemini 3.5 Pro model

Maersk raises 2026 outlook again as Q2 profit surges to $3 billion

Maersk's second-quarter profit before interest, taxes, depreciation and amortisation stood at $3.0 ‌billion, well above a median forecast of $2.12 billion in a company-provided poll

S&P 500 CEO pay jumps to record as Musk-inspired compensation plans spread

Even excluding the CEO of Tesla and SpaceX , average compensation for chief executives in the S&P 500 soared 21% to $22.8 million in 2025

JSW Cement Q1 net profit at ₹161 cr, revenue up 22% on demand, price hikes

India's JSW Cement reported a first-quarter profit on Thursday, as healthy demand and price hikes helped offset ​cost pressure.

China's Lenovo Q1 results: Revenue jumps 43% to $26.94 billion on AI boom

Lenovo's revenue rose to $26.94 billion in the three months ended June 30, beating analyst expectations of $22.3 billion, as the consumer electronics hardware giant benefited from AI demand

Iran and US make competing claims over control of Strait of Hormuz

"Today ​you see that the Strait of Hormuz is under the management and control of the Islamic ​Republic," Iran's Basij paramilitary unit head Hossein Taeb said

Turkey lays out plans for defence pact with Pakistan and Saudi Arabia

The three Sunni Muslim US allies, ​alarmed by a regional conflagration that ​has brought Iranian missile fire onto Gulf oil exporters, signed the "Mecca Joint Defence ​Agreement" on August 7.

India's edible oil imports hit 10-month high in July on high demand: SEA

Refiners raised palm oil and soyoil purchases ahead of the festival season, with total imports reaching their highest level in 10 months, industry data showed

Larsen and Toubro secures AI data centre order worth up to $1.57 billion

The order secured by L&T's AI infrastructure subsidiary, LTN Compute is in the range of ₹10,000 crore to ‌₹15,000 crore ($1.05 billion to $1.57 billion), and marks L&T's foray into the AI factory busi

China extends anti-dumping duties on Indian optical fibre for 5 years

The tax rates will remain unchanged from previous rulings, ranging between ​7.4 per cent and 30.6 per cent across different Indian exporters

Black Box wins $131 million data centre order from US hyperscaler

Digital infrastructure services provider Black Box will execute a major US data centre project over about three years, with further expansion expected

Muthoot FinCorp files for ₹3,000 crore IPO to fund growth, lending

The non-banking financial company plans to use proceeds to strengthen Tier I capital, support lending and expand its digital platform