Norway’s sovereign wealth fund — the world’s largest — has announced the sale of its holdings in 11 Israeli companies, citing the worsening humanitarian crisis in Gaza and the broader conflict in the region. Nicolai Tangen, chief of Norges Bank Investment Management (NBIM), which manages the fund, said the decision was taken “in response to…
The execution of China South City’s liquidation may encounter difficulties regarding mainland asset seizure. (AI image) A Hong Kong High Court has issued a liquidation order for China South City Holdings Ltd., marking the largest Chinese construction company by assets to face winding up since China Evergrande Group.This court decision exemplifies the ongoing impact of…
Air India Express has announced a “Freedom Sale” offering five million discounted seats to mark India’s 79th Independence Day.According to the airline, bookings can be made through its website, mobile app, and major travel portals until 15 August 2025, for travel between 19 August 2025 and 31 March 2026. The sale period covers the festive…
Nvidia and AMD have agreed to hand over 15% of their revenues from chip sales to China to the US government, a senior US official confirmed, according to the Associated Press. The arrangement is part of a deal allowing the companies to resume sales of specific artificial intelligence chips to the Chinese market.The revenue-sharing terms…
US stocks were little changed on Monday, staying close to record levels as investors awaited key inflation data due Tuesday. The S&P 500 was virtually flat, hovering near its all-time high from two weeks ago. The Dow Jones Industrial Average added 77 points, or 0.2%, while the Nasdaq Composite slipped 0.2% in early trading, according…
The initial public offering (IPO) of BlueStone Jewellery and Lifestyle Ltd, which sells contemporary jewellery under its flagship brand ‘BlueStone’, was subscribed 39% on the first day of bidding on Monday.According to NSE data, the three-day issue received bids for 63,89,570 shares against 1,65,14,421 shares on offer, reported PTI. The quota for qualified institutional buyers…
The implementation of a 50% tariff on Indian goods by Donald Trump has strained diplomatic relations between New Delhi and Washington. Major American brands in India, including McDonald’s, Coca-Cola, Amazon and Apple, are faced with boycott demands as corporate leaders and supporters of Prime Minister Narendra Modi respond to US tariffs. India’s vast population makes…
Indian refiners have the technical capability to operate without Russian crude, but such a move would come with significant economic and strategic consequences, energy analytics firm Kpler has warned. Russian oil currently makes up nearly 38 per cent of India’s refinery feedstock, prized for its high diesel and jet fuel yields, competitive pricing, and reliable…
Elon Musk-owned vehicle manufacturer Tesla inaugurated its second showroom in India at Delhi’s Aerocity, expanding its presence in the country.The American automaker giant is further set to expand its supercharging network across key Indian metropolitan regions ahead of its September delivery commencement, according to a senior company representative on Monday, quoted by ET.At the inauguration…
Capital expenditure by major central public sector enterprises (CPSEs) and four key government bodies declined 23% year-on-year in July to Rs 53,406 crore, partially attributed to a high base effect, according to a senior official, quoted by Economic times.Experts believe public capital expenditure, including CPSE investments, remains vital for the nation’s economic growth this financial…