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Business

Showing 12 articles

Apple Challenges India’s New Antitrust Penalty Law, Warns of Potential $38 Billion Fine
Business

Apple Challenges India’s New Antitrust Penalty Law, Warns of Potential $38 Billion Fine

Apple has filed a legal challenge against India’s amended antitrust penalty law, under which the U.S. tech giant could face fines of up to $38...

Nov 27
3 min read
Indian Banks Open to Financing Sanctions-Compliant Russian Oil Amid US Curbs
Business

Indian Banks Open to Financing Sanctions-Compliant Russian Oil Amid US Curbs

Indian banks are now willing to finance trade in Russian crude provided it is sourced from non-blacklisted sellers and compliant with international sanctions, signaling that...

Nov 26
2 min read
China Buys Over 10 Cargoes of US Soybeans Worth $300 Million After Leaders’ Call
Business

China Buys Over 10 Cargoes of US Soybeans Worth $300 Million After Leaders’ Call

China has purchased at least 10 cargoes of US soybeans — worth around $300 million — in deals signed since Tuesday, according to two traders...

Nov 26
2 min read
Retail Investors Turn Sellers as Indian Markets Lag Asian Peers
Business

Retail Investors Turn Sellers as Indian Markets Lag Asian Peers

India’s benchmark NSE Nifty 50 Index has risen nearly 10% so far this year, but it continues to trail the strong performances of equity markets...

Nov 26
1 min read
ED Cracks Down on Real-Money Gaming Platforms: ₹505 Crore Frozen Linked to WinZO; Pocket52 & Gameskraft Under Scanner
BREAKINGBusiness

ED Cracks Down on Real-Money Gaming Platforms: ₹505 Crore Frozen Linked to WinZO; Pocket52 & Gameskraft Under Scanner

The Enforcement Directorate (ED) has escalated its crackdown on illegal online real-money gaming platforms, freezing over ₹505 crore connected to WinZO Games Pvt. Ltd. following...

Nov 25
2 min read
Adani’s New $1.2 Billion Copper Smelter Starved of Raw Material as Global Supply Crunch Deepens
Business

Adani’s New $1.2 Billion Copper Smelter Starved of Raw Material as Global Supply Crunch Deepens

Kutch Copper has received less than 10% of its required ore, slowing the ramp-up of India’s largest new metals project. Gautam Adani’s ambitious $1.2 billion...

Nov 25
3 min read
Global High-Frequency Traders Log Surging Profits in India Despite SEBI’s Derivatives Crackdown
Business

Global High-Frequency Traders Log Surging Profits in India Despite SEBI’s Derivatives Crackdown

Hudson River Trading, Optiver and top domestic quant firms thrive in a tightening regulatory landscape, underscoring India’s rising relevance for global market makers. India Emerges...

Nov 25
3 min read
Apple Cuts Dozens of Jobs in Global Sales Overhaul Despite Record Revenue Outlook
Business

Apple Cuts Dozens of Jobs in Global Sales Overhaul Despite Record Revenue Outlook

The rare workforce reduction reflects Apple’s push to streamline enterprise operations as competition and cost pressures reshape the tech sector. A Rare Move: Apple Trims...

Nov 25
3 min read
Bitcoin Logs Worst Month Since 2022 as Robert Kiyosaki Defends His Bullish Stand Despite $2.25M BTC Sale
Business

Bitcoin Logs Worst Month Since 2022 as Robert Kiyosaki Defends His Bullish Stand Despite $2.25M BTC Sale

Bitcoin has posted its fourth straight weekly decline — its longest losing streak since June 2024 — even as it stages a mild recovery. After...

Nov 24
2 min read
Global Banks Rush to Buy Stakes in Indian Lenders as India Relaxes Foreign Ownership Norms
BREAKINGBusiness

Global Banks Rush to Buy Stakes in Indian Lenders as India Relaxes Foreign Ownership Norms

Global financial giants are accelerating investments in India’s banking sector, driven by the country’s strong economic outlook and a more relaxed stance by regulators toward...

Nov 24
2 min read
US Tech Giants Oppose Jio, Vi’s Push for 6GHz Mobile Spectrum in India
Business

US Tech Giants Oppose Jio, Vi’s Push for 6GHz Mobile Spectrum in India

Major US tech companies — Apple, Amazon, Meta, Cisco, HP and Intel — have jointly opposed Reliance Jio and Vodafone Idea’s demand to allocate the...

Nov 24
2 min read
US Appeals Court Upholds $194 Million Fine Against TCS in Trade Secrets Case
Business

US Appeals Court Upholds $194 Million Fine Against TCS in Trade Secrets Case

The US Court of Appeals has upheld a lower court’s decision ordering Tata Consultancy Services (TCS) to pay $194 million in damages to DXC Technology...

Nov 24
2 min read