Category: Business

FILE PHOTO: Diamonds are displayed during a visit to the De Beers Global Sightholder Sales (GSS) in Gaborone, Botswana November 24, 2015 (REUTERS)
Posted in Business

India to assume chair of global diamond watchdog Kimberley Process from Jan 1| Business News

NEW DELHI: India will assume chairmanship of the UN-backed global forum Kimberley Process (KP) to prevent trade of conflict diamonds from January 1 for the third time,…

Continue Reading
The US economy has maintained momentum as consumers powered ahead and the most punitive of President Donald Trump’s tariffs were rolled back. (Reuters)
Posted in Business

The tariffs that nearly stole Christmas| Business News

For toymakers, Christmas starts early. As the world is grouching through dry January, toy firms are finalising festive designs and signing deals with factories. By…

Continue Reading
The gig workers strike is a protest against what their associations claimed were worsening working conditions and reduced pay amid lack of social security. (PTI)
Posted in Business

Gig, delivery workers call for all-India strike on Christmas Day, New Year’s Eve| Business News

Associations representing gig workers in India have called for an all-India strike on Christmas Day and New Year’s Eve—two of the busiest days of the…

Continue Reading
Reliance Industries has resumed Russian oil imports from non-sanctioned suppliers and routing them to its Jamnagar refinery. (Reuters)
Posted in Business

Reliance Industries resumes Russian oil imports to feed Jamnagar refinery| Business News

Reliance Industries Ltd. has resumed Russian oil imports, sourcing barrels from non-sanctioned suppliers and routing them to its Jamnagar refinery in Gujarat, according to people…

Continue Reading
The Nuuk Hot Box. (Handout)
Posted in Business

Amazon X Zomato, Nuuk HOT BLOX & Best Tech of 2025| Business News

Opening thoughts. Eternal Ltd.’s Zomato and Amazon Pay have announced something interesting, particularly for those deal hunters who also like to double dip for credit…

Continue Reading
Groq founder Jonathan Ross and other top executives will join Nvidia “to help advance and scale licensed technology”. (Bloomberg)
Posted in Business

Nvidia reaches licensing deal with Groq amid AI chip rivalry with Google Tensor| Business News

Nvidia Corp. has agreed to a licensing deal with AI chip startup Groq, furthering its investments in companies connected to the AI boom. Groq founder…

Continue Reading
Nvidia CEO Jensen Huang. At the end of October, Nvidia had $60.6 billion in cash, up from $13.3 billion in early 2023. (AFP)
Posted in Business

Nvidia is said to buy AI chip startup Groq for $20 bn in biggest acquisition yet| Business News

Nvidia Corp. is said to have agreed to buy AI chip startup Groq for $20 billion cash, in what is potentially its biggest acquisition till…

Continue Reading
Union Minister of Civil Aviation Kinjarapu Ram Mohan Naidu. (ANI)
Posted in Business

India approves three new airlines amid IndiGo crisis that crippled local aviation| Business News

The government has approved two new airlines after the IndiGo flight crisis brought aviation to a virtual standstill in India. Union Minister of Civil Aviation…

Continue Reading
Coal India is the world's largest miner of the dry fossil fuel. (Reuters)
Posted in Business

Coal India rises 3% on in-principal approval for listing of two subsidiaries| Business News

Shares of Coal India Ltd. rose to the highest in seven months after decks were cleared for listing of two subsidiaries by FY27. Coal India…

Continue Reading
The liquidity infusion is expected to offset cash drain from the RBI’s dollar sales to support the rupee, Asia’s worst-performing currency this year. (Mint)
Posted in Business

India bonds rally most in 4 months on RBI’s ‘shock-and-awe’ cash-injection plan| Business News

Indian bonds rallied the most in four months on Wednesday after the central bank announced fresh measures to boost banking-system liquidity, including government bond purchases…

Continue Reading