Latest Business News
Macron Urges EU Common Debt for Green Tech and Defense
French President Emmanuel Macron called for a common EU debt capacity and Euro bonds to fund green technology, defense, and security investments. He warned Europe risks being overtaken by the US and China without leveraging its underutilized borrowing power compared to these nations. EU leaders will discuss strengthening the single market and competitiveness at a retreat in Belgium.
Russia's Energy Revenues Hit Multi-Year Low Due to Sanctions
Revenues from Russian oil and gas fell to $4.3 billion in January, down 33% from December and 65% from January 2025. US tariffs under President Trump on buyers like India and EU crackdowns on shadow fleet tankers contributed to the decline. This forces Putin to raise taxes and borrow to sustain war finances.
Lenskart Reports Massive Q3 Profit Surge
Lenskart's consolidated profit skyrocketed 6,983% year-over-year to Rs 131 crore, with revenue jumping 38%. The eyewear retailer's strong results highlight robust growth in India's consumer market. This performance underscores expanding demand for optical products.
UBS Opens New Global Center in Hyderabad, Plans 3,000 Jobs
UBS launched a new global capability center in Hyderabad, aiming to create 3,000 jobs over two years. This expansion boosts India's position as a hub for financial services outsourcing. It reflects multinational confidence in local talent.
Adani Green Seeks Board Approval for $1 Billion Raise
Adani Green Energy plans to seek board nod to raise up to $1 billion. The funding will support its renewable energy expansion amid India's green push. This follows strong industry momentum.
Goldman Sachs Invests $500 Million in India, Drops 'Future' Label
Goldman Sachs is betting $500 million on India, no longer viewing it as a 'future' story but a current powerhouse. The investment signals three key strengths in India's economy. It highlights growing global investor optimism.
SoftBank-Backed Icertis Explores $5 Billion Sale with Goldman
SoftBank-backed contract management firm Icertis is working with Goldman Sachs on a potential $5 billion sale. This move comes amid hot valuations in enterprise software. It reflects consolidation in tech services.
Freshworks Forecasts Annual Profit Below Estimates on AI Worries
Freshworks predicted annual profit below analyst estimates due to concerns over AI-driven software competition. The SaaS firm's outlook tempers growth expectations in cloud services. Investors watch AI impacts closely.
Reliance Capital Recovery at Rs 10,000 Crore May Yield Only 43%
Anil Ambani's Reliance Capital recovery process values assets at Rs 10,000 crore, potentially recovering just 43% for creditors. This underscores challenges in India's financial restructurings. Resolution progresses amid scrutiny.
BMO Survey: Half of Single Canadians Deem Dating Not Financially Worth It
A BMO survey found half of single Canadians believe dating isn't financially viable amid rising costs, averaging $174 per date. Economic worries like inflation (53%) and recession fears (46%) influence views. BMO promotes tools like My Financial Progress for better planning.
Indian Rupee Pressured by Foreign Banks' Dollar Bids
The Indian rupee faced pressure from foreign banks' aggressive dollar buying, though a softer dollar provided some relief. This reflects ongoing volatility in emerging market currencies. Market watchers eye policy responses.
Mutual Fund Industry in India Grows Over 6x in 10 Years
India's mutual fund sector expanded more than sixfold in the past decade, per Motilal Oswal study. Rising retail participation drives the boom in asset management. This trend supports broader financialization.