Bloomberg

India's card use set for steady growth on convenience, inclusion: Report

India's card payments are set for steady growth as financial inclusion, rising incomes and easier access drive electronic transactions, while rewards and instalment options boost credit card use

India's record diaspora inflows leave RBI facing potential $10.6 bn bill

India's record diaspora deposit drive could leave the RBI facing a $10.6 billion cost as inflows far exceeded expectations and raise challenges for the central bank's liquidity management

World Bank's Mishra pushes back on doubts over strength of India's growth

World Bank Executive Director Neelkanth Mishra said high-frequency indicators such as vehicle sales, cement volumes and credit demand point to strong economic momentum despite doubts over GDP data

T-Mobile's Gopalan bets on AI, home internet to revive subscriber growth

T-Mobile CEO Srini Gopalan is banking on home internet and artificial intelligence to drive growth and revive the company's shares, which have fallen 25 per cent since he took the job

Pacific leaders criticise China's new missile test, call for advance notice

Pacific island leaders voiced concern over an ICBM test that flew over several member states without adequate notice and called for at least 24 hours' warning for future launches

Adobe names Anil Chakravarthy as CEO, Narayen to become executive chair

Adobe will name Anil Chakravarthy as chief executive on December 1, with longtime CEO Shantanu Narayen becoming executive chair as AI tools challenge its creative software business

New York Mayor Mamdani bans AI tools till class VIII in NYC public schools

New York City Mayor Zohran Mamdani and the Schools Chancellor Kamar Samuels unveiled the new rule a week before classes begin on Sept. 10. It will apply to roughly 600,000 public school students

Kenyan Prez ousts Tata Chemicals from 100-yr-old soda-ash mineral operation

The president said he asked a unit of the Mumbai-based company "to pack and go" because it has been exporting soda ash rather than using it at local facilities to make glass and chemicals.

Nvidia buys AI platform Hugging Face from OpenAI in a $13 billion deal

Buying Hugging Face is the biggest move yet in Nvidia Chief Executive Officer Jensen Huang's push to broaden the uptake of AI and extend his customer list.

Kumar Mangalam Birla's unit draws $2.5 billion in bids for buyout loan

An Aditya Birla Group unit has secured up to ₹24,000 crore in loan commitments from four banks for its planned acquisition of Shell's renewable energy assets in India

Attacks on Iran likely to be short, says Trump; asserts Hormuz control

US President Donald Trump said renewed strikes on Iran would likely be short-lived as fresh fighting pushed up energy prices and revived concerns over a prolonged war

HDFC Bank at risk of losing top Nifty spot to ICICI amid leadership turmoil

HDFC Bank's weighting in the Nifty 50 has fallen to 9.81 per cent, narrowly ahead of ICICI Bank, as the CEO's exit and governance concerns deepen the lender's sell-off

US secures G20 support for light-touch rules on AI, emerging tech

G20 nations unanimously endorsed non-binding US guidelines favouring a lighter-touch approach to AI and emerging technologies, marking a win for the Trump administration and Silicon Valley

China 15 years behind in developing top chipmaking tools: ASML supplier

China could take about 15 years to develop extreme ultraviolet lithography machines, Zeiss semiconductor head Frank Rohmund said, as Beijing pushes for self-sufficiency amid US chip curbs

US judge blocks Trump's latest bid to restrict birthright citizenship

A US judge ruled Trump's latest executive order restricting birthright citizenship is likely unlawful, blocking its implementation for now and setting up another legal battle over the policy

Oil shipments to India face delivery hurdles on Mideast snarls

State-run Bharat Petroleum Corp. had four Persian Gulf cargoes that weren't delivered on schedule in August, according to people familiar with the matter

Uber to cut 10% of jobs, or 3,300 roles, to reduce management layers

The cuts will reduce the number of managers in the company by 20%, with some being moved to the role of an individual contributor, an Uber spokesperson said.

Floods aftermath: Nepal seeks climate compensation from India, China, US

China, the US and India have made "extremely large" contributions to climate change and left smaller nations "enduring the price of it," Nepal's Foreign Minister Shisir Khanal told Kantipur TV.

Lyte raises $165 million funding, valuation jumps 3x to $1.6 billion

The latest financing was led by Maverick Silicon, according to a statement on Wednesday, with participation from existing investors, including Fidelity Management & Research

Data centre spending to reach $31.6 trillion by 2050 on AI boom

At the same time, the tech industry is trying to blunt a backlash against data centers that threatens to slow down the buildout.