Despite an increase in electricity demand, Indian power plants have reduced their fresh coal purchases from state-run Coal India and are instead utilising their record-high inventories. This marks the fourth consecutive month that coal consumption for power generation has decreased, according to a Reuters report.Coal-fired power plants in India often rely…

European stock markets began Wednesday’s session on a positive note, with major indices rising as investors reacted to a fresh batch of corporate earnings reports. While concerns about the UK’s fiscal health are simmering in the background, the broader market mood appears to be upbeat, with construction and industrial stocks…

Japanese automaker Honda Motor reported a steep decline in first-quarter operating profit on Wednesday, as the impact of new US auto tariffs and a stronger yen weighed on performance. Operating income fell by about 50% year over year to ¥244.17 billion, significantly below the ¥323.48 billion average estimate compiled by…

Glencore has ruled out a shift of its primary listing to the United States, reaffirming its commitment to the London Stock Exchange despite the market’s recent struggles to retain large multinational firms. The Swiss-based commodities trader and miner made the announcement on Wednesday, alongside results showing a deepening of net…

Asian stocks advanced broadly on Wednesday, buoyed by continued optimism around potential interest rate cuts by the US Federal Reserve and renewed hopes of progress in Sino-American trade relations. The gains came even as Wall Street retreated overnight, giving back a portion of the previous session’s strong rally.China, Hong Kong…

Tesla is intensifying its efforts in artificial intelligence as it develops a significantly upgraded version of its Full Self-Driving (FSD) software. CEO Elon Musk announced on X (formerly Twitter) that the EV maker is now training a new FSD model with around ten times more parameters than its predecessor, alongside…

As tensions between the US and India escalate, significant uncertainty shrouds the oil market currently. The imposition of secondary tariffs by the US on purchasers of Russian oil remains highly uncertain. Recent discussions have largely focused on the US’ imposition of such tariffs against India.Trump said Tuesday he will increase the…

By Sarthak GoswamiIndia’s gig economy has become a major job engine, driven by soaring demand for ultra-fast deliveries. The number of gig workers reached 12 million in FY 2024–25, up from 7.7 million in 2020–21, and could rise to 23.5 million by 2029–30, making up nearly 7% of the non-agricultural…

Uber Technologies has announced a $20 billion stock buyback programme while forecasting stronger-than-expected gross bookings for the third quarter, citing momentum from its expanding loyalty programme and a surge in weekday commuting.The company reported an 18.2% increase in gross bookings for the second quarter, driven by a 24.6% rise in…