Reuters

SP Group completes long-delayed debt fundraising worth ₹21,500 crore

SP Group, Tata Sons' largest minority shareholder, owns around 18.4% of the company's shares, has struggled for years to monetise the holding

India to launch headline services output index within months: Govt

The proposed index will provide India's first official monthly measure of output across the services sector, complementing existing manufacturing indicators

EU orders Google to open services to AI, search rivals under Big Tech rules

EU regulators have told Google to give OpenAI, other AI developers and search competitors greater access to its services under the Digital Markets Act, despite the company's objections

China's Moonshot launches world's largest open AI model, nears US rivals

The Chinese startup said its 2.8 trillion-parameter open-weight model delivers performance approaching Anthropic's frontier systems while supporting a 1 million-token context window

Oil prices rise on growing US-Iran hostilities, threat of Red Sea closure

Oil prices edged higher, with Brent crude above $85 a barrel, as escalating US-Iran attacks raised concerns over disruptions to supplies through the Strait of Hormuz

US FDA approves Merck's daily cholesterol pill to sharply lower LDL levels

The US FDA has approved Merck's Lipfendra, the first oral PCSK9 inhibitor for lowering LDL cholesterol in patients at risk of cardiovascular disease

Uber agrees on $15 billion deal to acquire Germany's Delivery Hero

Uber will buy Germany's Delivery Hero for $14.8 billion to expand Uber Eats globally and strengthen its position against DoorDash and Just Eat

Iran tells Houthis to close Red Sea gateway if US targets power network

Iran has asked Yemen's Houthis to prepare to close the Bab el-Mandeb Strait if the US attacks its power infrastructure, threatening another major global oil route

Customs joins Centre's case against Adani over airport nicotine pouch sales

Customs has told Bombay HC that duty-free shops enjoy tax benefits but remain subject to domestic regulations, backing health ministry's challenge to nicotine pouch sales at Adani-operated airport

Govt identifies $51 bn in critical imports for domestic manufacturing push

India's latest push to boost domestic production comes ‌as it grapples with supply-chain risks heightened by geopolitical tensions

HSBC upgrades Indian equities to 'neutral', raises Sensex target to 84,000

Brokerage upgrades Indian equities to 'Neutral' from 'Underweight' and raises its 2026-end Sensex target to 84,000, citing easing oil prices, stable rupee and improving foreign investor sentiment

Apple Intelligence AI service cleared for use on iPhones in China

China's cyberspace regulator has approved Apple Intelligence for use on iPhones, with AI capabilities set to be powered by Alibaba's Qwen and Baidu's models for users in the country

Mira Murati's startup Thinking Machines launches an open-weight AI model

Named Inkling, the open-weight model allows developers to download, run and customise its underlying systems; the 975-bn-parameter model is the first general-purpose AI release from Thinking Machines

Oil prices rise for 4th day as US strikes on Iran raise fears of escalation

Brent crude rises to $85.28 a barrel and WTI to $80.02 as renewed US-Iran tensions raise concerns over supply disruptions in the Strait of Hormuz

Files relating to Kudankulam nuclear power plant exposed in data breach

A ransomware group has published alleged Kudankulam project files on the dark web, prompting investigations into a data breach involving Reliance Infrastructure

Bollore joins race to acquire Lionsgate Studios amid media consolidation

Lionsgate Studios is exploring a potential sale, with France's Bollore Group and Banijay among companies weighing takeover bids amid media consolidation

Pak seeks country's top Islamic seminary guidance on crypto assets

Pakistan's crypto regulator has sought an Islamic ruling distinguishing speculative cryptocurrencies from asset-backed digital tokens to support wider adoption

Thames Water warns funds may run out as Andy Burnham weighs next move

Thames Water warns it could run out of cash by November unless creditors inject fresh funds, with its future hinging on incoming UK PM Andy Burnham's stance

US launches fresh strikes on Iran as escalation threatens shipping

The US launched fresh strikes on Iranian military sites as Tehran threatened wider energy disruptions, escalating tensions over the Strait of Hormuz

HDFC Life Q1FY27 profit jumps 12% to Rs 611 cr on higher premium collection

HDFC Life posted a 12% rise in first-quarter profit as strong renewal premium collections offset slower growth in new policy sales