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Sensex, Nifty see worst July in 17 years; August may get worse for share market

The Reserve Bank of India has been accommodative and is expected to deliver another rate cut this month, which may help boost consumer demand ahead of the holiday season which starts in September.

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Filter bubbles and echo chambers are dangerous, not quite the way most people think

Some social network users—and not just journalists—often make a conscious effort to follow people with opposing views as a reality check.

Opinion News

Spotify adds 108 million paid subscribers in June quarter but growth stalls

“We missed on subs. That’s on us,” Chief Executive Officer Daniel Ek said on a conference call.

Industry News

Farmers selling sugarcane as fodder; cows to the rescue from sugar glut distress

India’s second-biggest sugar-producing region is facing an unusual situation: Attractive returns in the cattle-feed market are prompting farmers to sell sugar cane as fodder.

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Waning popularity? iPhone sales plummet as Apple drives revenue from services in June quarter

Apple's major services and wearables, including the watch and AirPods headphones, require or work best with the Apple smartphone.

Industry News

Citigroup shouldn’t ditch Asian consumers; Corbat, board must say firm but polite no

Selling the Asian retail business, as some have advocated, would defy common sense. That may be one of the suggestions of a dissident group of large investors, analysts and some bank insiders.

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Oil gains as investors focus on Fed while waiting on trade talks

Chinese and American negotiators gather for two days of talks Tuesday, while U.S. government data on Wednesday is forecast to show crude stockpiles fell for a seventh week.

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Cafe Coffee Day shares slump after founder VG Siddhartha goes missing

Shares of Coffee Day Enterprises Ltd., the Indian rival of Starbucks Corp., tanked the most on record after its tycoon founder went missing on Monday evening.

Siddhartha has started Cafe Coffee Day's first outlet on Bangalore's Brigade Road in 1996 (PTI File photo) News

Non-veg consumption growing, making India to import more corn for chicken feed than ever before

India’s growing population, rising disposable incomes and changing food habits are boosting the consumption of non-vegetarian food, according to CLFMA, an association of Indian feed manufacturers.

india, chicken, Chicken consumption, carnivorous, vegetarians News

RBI set to review foreign bond sale plan

The offering is mired in confusion after an official overseeing the plan was abruptly transferred out of the Finance Ministry last week, amid reports that the Prime Minister’s office had asked for a review.

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Former school teacher now a billionaire: Byju founder’s journey to elite club

The 37-year-old entrepreneur -- who has said he wants to do for Indian education what the Mouse House did for entertainment -- is taking his biggest step yet geographically and creatively.

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Oil declines as investors weigh Hormuz tensions with trade talks

Futures eased slightly in New York after rising 1% last week. The U.K. has sent one of its Type 45 warships to the region after Iran seized a British oil tanker, heightening tensions in one of the world’s major energy choke

Oil trade, oil market, oil price, Hormuz, trade talks, US China trade war,  News

Fortnite World Cup: 16-year-old wins ultimate battle royale, gets $3 million prize money

Developed by Epic Games Inc., Fortnite Battle Royale is a video game where 100 competitors fight it out on a virtual island, with the lone survivor or team named as the winner.

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Trade war: US-China talks set to resume as neither seems eager for deal

China has purchased millions of tons of soybeans from the U.S. and Chinese companies will continue to seek American agricultural products including soybean, cotton, pork, sorghum, wheat, corn and diary, state media Xinhua New

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China may conquer the global used-car export market

China is home to more than 300 million registered vehicles—the largest fleet in the world—and it’s just a matter of time before more of them are resold across the world

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Donald Trump’s latest salvo in trade war: Targets China over WTO ‘developing nation’ crackdown

Jennifer Hillman, a former WTO jurist now at the Council on Foreign Relations, said the benefits that self-declared developing countries receive under the WTO are actually fairly limited.

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World economy’s biggest week of 2019 as Fed prepares cut

Some Fed watchers predict officials will cut their benchmark by half a percentage point, but the signal is that they will eschew a bigger move in favor of a quarter point reduction.

World economy, economy news, Policy making, Federal Reserve, bank of japan News

Millions of Instagram users give up privacy in search of metrics

Many social media sites, including Instagram, set the minimum age at 13, a rule that many teens and even younger kids regularly flout to sign up.

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Pfizer plans to merge off-patent drug unit with Mylan

Current Mylan CEO Heather Bresch would depart. Mylan President Rajiv Malik, who faces civil suits accusing him of taking part in an alleged price-fixing scheme, would ultimately leave the combined company, one of the people s

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Jack Ma’s $290 billion loan machine is changing Chinese banking

One uniquely Chinese source of information for banks is the government-administered social credit system, which is being tested in cities across the country as a way to reward good deeds and punish misbehavior.

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SoftBank’s Masayoshi Son might have to dabble in mid-stage deals this time instead of jumping on big names

Members of the second fund’s new cohort of investors will need to prepare for a slower and bumpier ride than the first, which spent the majority of its money within two years.

Since the first fund launched in 2017, VCs started viewing a sale to SoftBank as the new exit strategy beyond an IPO. (Reuters File photo) News

Anil Ambani’s distressed unit of Reliance Communications seeks bond extension

Global Cloud Xchange is in discussions with holders of its 7% $350 million notes for a deal that would provide the issuer more time to discuss options on the maturity of the senior secured notes, the spokesman said in a state

Anil Ambani (Reuters File photo) News

Premium Indian equities command versus peers narrows to smallest since last April as mood sours

The focus will now shift to the Federal Reserve’s meeting next week and signs of progress on trade talks, analysts led by Sanjay Mookim wrote in a note.

Earnings recovery is weak, though this is where there’s room for surprise. (Representational Image) News

US sues Russian bitcoin theft suspect for $100 million

The U.S. is attempting to recover penalties of $100 million from the company and Alexander Vinnik for alleged violations of the Bank Secrecy Act.

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SoftBank’s Masayoshi Son might have to dabble in mid-stage deals this time instead of jumping on big names

At $108 billion, this second act is even bigger than the first. Yet Masayoshi Son will need to look farther and wider for fires to pour it on: There aren’t too many Ubers, Bytedances, Didis or Grabs left.

Industry News

Europe identifies 5 candidates to succeed Christine Lagarde as IMF chief; deadline set for September

A European traditionally runs the Washington-based IMF and the next leader will confront a world economy at its weakest since the aftermath of the financial crisis.

Christine Lagarde resigned this month to lead the European Central Bank. (Reuters File photo) News