Oil prices tumbled sharply on Monday after the United States and Iran held back from launching fresh strikes over the weekend, raising hopes that diplomacy could ease tensions in the Middle East and gradually restore shipping through the Strait of Hormuz.Brent crude futures were down $4.37, or 4.52%, at $92.41 a barrel after slipping 5.05%…
A booth for Chinese AI Startup Moonshot’s Kimi K3 during the World AI Conference in Shanghai HONG KONG: China has a hot new product in the United States: artificial intelligence.San Francisco-based Raffi Krikorian, the chief technology officer at Mozilla, which runs the Firefox browser, switched to Chinese AI startup Moonshot’s Kimi K3 for many of…
MUMBAI: Tata Sons’ annual general meeting, scheduled for next month, faces a potential roadblock from a quorum requirement in its articles of association (AoA). A key item on the agenda is the reappointment of chairman N Chandrasekaran, who retires by rotation at the AGM.Article 86 of Tata Sons’ AoA requires at least five members to…
BENGALURU: French labour authorities fined Infosys €175,000 (around Rs 2 crore) because its employee time-recording system did not comply with local labour laws.In a stock exchange filing, the IT services company said it received a communication from DRIEETS Ile-de-France, the regional French labour authority, imposing the penalty.The regulator found that Infosys’ time-tracking system did not…
NEW DELHI: Coming month is likely to witness an IPO rush with more than a dozen companies, including Zepto, Truhome Finance and logistics platform Shiprocket, gearing up to launch their initial share-sale. The upcoming issues, expected to collectively raise over Rs 25,000 crore, include a mix of fresh equity issuances and offer for sale (OFS)…
MUMBAI: When SBI Life launched operations with the country’s first bancassurance-led business model, it was powered by its JV partner BNP Paribas’ insurance arm Cardif. Now the French insurer’s aim is to replicate the same model in IndiaFirst Life Insurance through its partners Bank of Baroda and Union Bank.Last weekend, BNP Paribas Cardif entered into…
MUMBAI: India’s cyber-fraud landscape is undergoing a decisive shift, with fraudsters moving away from remote takeover of devices to real-time social engineering, where victims themselves execute transactions under live phone instruction, even as a sprawling network of mule accounts enables the laundering of proceeds.According to the July 2026 report by Biocatch (a company that assists…
The app allows anonymous communication without mandatory user registration, phone number verification or centralised logging of messages NEW DELHI: Bitchat, the internet-free messaging app at the centre of a govt crackdown, has continued to gain traction in India despite authorities ordering GitHub to remove its source code repository and civil liberty groups challenging the move…
MUMBAI: Foreign portfolio investors (FPIs) turned net buyers in Indian equities in July, breaking a four-month streak of heavy outflows, even as overall flows in 2026 remain under pressure.Net FPI equity inflows stood at nearly $1.6 billion (Rs 14,946 crore) till July 24, marking a reversal after sustained selling between March and June.Supported by continued…
After ending the previous week on a stronger note, gold and silver are now headed into a week packed with major domestic and geopolitical events. The US Federal Reserve’s interest rate decision, movements in crude oil prices and the evolving US-Iran conflict will be the key drivers for bullion in the days ahead, according to…
