- US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz May 2, 2026US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz
- Air India cuts international flights until July 2026 as fuel costs and airspace closures bite May 2, 2026Air India will reduce international flights through July as soaring jet fuel prices and West Asia airspace closures make many routes unprofitable, CEO Campbell Wilson has said. The airline group recorded losses exceeding ₹22,000 crore in FY2026
- Cognizant to lay off employees as AI drives ‘real and accelerating’ change May 2, 2026An internal memo cited “real and accelerating” industry shift as Cognizant trims costs, expands through Astreya acquisition, and channels savings into AI investments
- Meta buys humanoid robot startup Assured Robot Intelligence as 8,000 job cuts loom May 2, 2026Meta Platforms has acquired Assured Robot Intelligence, a humanoid robot AI startup, as CEO Mark Zuckerberg raises capital spending to $145 billion and prepares to lay off 8,000 employees to fund the company's artificial intelligence push.
- GameStop prepares eBay takeover offer in Ryan Cohen's boldest move yet; Stocks jump 15% May 2, 2026GameStop is reportedly preparing an offer for eBay as CEO Ryan Cohen builds a stake in the e-commerce giant ahead of a potential bid. eBay shares surged 15% after-hours on the news.
- RBI Governor Malhotra calls for deeper, more efficient financial markets as India shows resilience amid global headwinds May 2, 2026Indian financial markets are showing strength amid global challenges. RBI Governor Sanjay Malhotra highlighted that future growth hinges on increasing liquidity and participation. The economy is growing fast, with inflation under control. The banking sector is robust. The RBI is implementing measures to improve market efficiency and transparency.
- India's consumption stands its ground amid Gulf War tremors May 2, 2026West Asia War: India's economy began the new fiscal year with a powerful surge. GST collections reached a record high in April. Passenger car sales also saw a substantial increase. Digital transactions through UPI experienced significant growth. These positive indicators suggest the economy is resilient, with no immediate impact from the West Asia war. […]
- India in talks with Nepal for ethanol exports, exploring shipments to SAARC nations May 1, 2026India is discussing ethanol exports with Nepal and other SAARC countries. This initiative aims to support farmers and strengthen the rural economy. Higher ethanol blending levels could lead to significant foreign exchange savings. The government is also engaging with auto manufacturers for flex-fuel vehicle introductions. Consumer awareness and pricing will […]
- India discusses boosting trade with UK, local currency trade settlement with Tanzania May 1, 2026India and the UK are strengthening trade and investment ties. Discussions focused on maximizing benefits from the Comprehensive Economic and Trade Agreement. Separately, India and Tanzania are exploring trade settlements in local currencies. This move aims to boost bilateral economic relations. Both nations also discussed collaboration in various sectors inc […]
- India’s forex reserves fall $4.82 billion to $698.49 billion as of April 24 May 1, 2026India's foreign exchange reserves saw a significant drop of $4.82 billion, reaching $698.49 billion by April 24. This decline follows a rise in the previous week. The central bank has been intervening to manage the rupee amid global uncertainties. Foreign currency assets and gold reserves contributed to the decrease. The reserves had previously hit a re […]
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