Reuters

US Fed holds rates, signals one cut in 2026 despite higher inflation

Inflation, as measured by the Fed's preferred gauge, was expected to end the year at 2.7 per cent , not far below its current rate and higher than the 2.4 per cent projected in December

EU proposes 'EU Inc' plan to boost startups against US and China

While the EU proposal to operate under a single set of EU rules is available to any European businesses, it is mainly aimed at new companies with innovative technologies to help them scale up

Microsoft considers legal action over $50 billion Amazon-OpenAI deal

The dispute centers on whether OpenAI can offer Frontier via AWS without violating the Microsoft partnership, which requires the start-up's models to be accessed

US states, cities sue Trump over his move to scrap climate regulations

The suit, which also follows an earlier challenge filed by a coalition of environmental groups, also includes the states of Michigan, Connecticut, and Virginia and cities of New York, Boston, Chicago

IAEA says status of Iran's Isfahan enrichment facility remains unknown

A projectile hit an area near Iran's Bushehr nuclear power plant on Tuesday evening, however it caused no damage or injuries, Iran told the IAEA

Alternative West Asia shipping routes provide relief for aluminium prices

Aluminium prices ease as Emirates Global Aluminium secures alternative export routes, easing supply fears linked to tensions around the Strait of Hormuz

Rupee hits record low at 92.63 as oil prices surge, capital outflows rise

The rupee closed at 92.63 per dollar, eclipsing its previous lifetime low of 92.4750 hit last week

Reliance Jio hires 17 banks for IPO, plans no fresh fundraise: Report

The IPO will be executed as a so-called "offer for sale" in India, three of the sources said, where only existing shareholders sell their shareholding to public

India's privatisation drive derails because of weak investor interest

The privatisation plan, delayed for years, is now facing fresh setbacks that include dwindling interest in state-run firms

KKR to invest up to $310 million in PMI Electro, buy stake in Allfleet

KKR will acquire a majority stake in Allfleet and a minority holding in PMI Electro

Iran war flags rupee's vulnerability, banks pitch cross-currency trades

Brent crude is up nearly 40 per cent since the conflict in the West Asia began, threatening India's external balances and weighing on its inflation-growth balance

Axis Bank to invest $162 million in its consumer lending arm Axis Finance

Axis Bank, which has invested ₹2,375 crore in Axis Finance over the ​past decade, plans to complete the infusion by March 2027 ‌through a cash consideration in one or more tranches

India to mandate local solar ingots, wafers for energy projects from 2028

India currently relies entirely on China for its imports of cells, ingots, wafers ‌and ​poly silicon for ​solar panels

CCI probes Givaudan, Firmenich, IFF over deals not to poach workers

The fragrance case is India's first touching on labour practices, lawyers say, though authorities have often investigated price-fixing

Asian stocks rally as oil prices pause gains, Fed meeting in spotlight

Oil prices took a breather on Wednesday from recent gains though the Strait of Hormuz remained largely shut

US counterterror chief quits, says Iran war driven by pressure from Israel

Kent is close with Director of National Intelligence Tulsi Gabbard, who has kept a low profile since the Iran war began

Mojtaba Khamenei rejects proposals to reduce tensions with US: Report

The Strait of Hormuz remains largely closed off, with US allies rebuffing US President Donald Trump's request for help to reopen the critical waterway, raising energy prices and fears of inflation

Fuel retailers seek advance payments as losses mount on price surge

Indian refiners, hit hard by a declining rupee, are facing revenue losses from retail sales as cracks for gasoline and gasoil surged to multi-year ‌highs

Trump warned of likely Iran retaliation on Gulf allies despite his claim

Trump had said twice on Monday that Iran's retaliatory strikes against Qatar, Saudi Arabia, the United Arab Emirates, Bahrain and Kuwait were a surprise

Oil prices rise over 2% amid Iran war supply risks as Hormuz remains shut

Brent ​futures jumped $2.74, or 2.7 per cent, to $102.95 a barrel by 0357 GMT, while US West Texas Intermediate crude ‌gained $2.45, or 2.6 per cent, to $95.95