Business & Finance news
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- Oil Prices Drop Amid Uncertainty Over US‑Iran Conflict and New Democratic Majority
· Business & Finance
Brent fell 2.5% to $101.02, WTI to $93.61 as traders await US moves on the Israel‑Iran conflict and new Democratic Congress.
- Canva to Cut 22% of Workforce Amid AI‑Driven Valuation Decline
· Business & Finance
Canva will cut 1,271 jobs (22% of staff) as AI costs and valuation decline hit growth, moving hybrid work to Sydney.
- Tata Motors’ New Iveco Chair Projects Growth and Indian Manufacturing
· Business & Finance
Tata Motors acquires 90% of Iveco for ₹4 billion, forming the world’s 4th‑largest commercial‑vehicle group with 6 lakh annual sales and plans to manufacture…
- Saudi Arabian Oil Company Posts Record Downstream Earnings and Strong Cash Flow Amid Supply Disruption
· Business & Finance
Q3 adjusted net income $31.2B, 9% YoY rise. Record downstream EBIT $10.3B, free cash flow $28.2B. FY2026 investment guidance $50-55B.
- Tech Stocks Slide Despite Strong Earnings and Analyst Praise
· Business & Finance
Apple and Palantir report strong earnings, yet their shares fell in premarket trading. Tech stocks slide amid valuation concerns and slower AI gains.
- Air India Plans Widebody Expansion and Cost Cuts Under New CEO
· Business & Finance
Air India’s new CEO Tewolde Gebremariam announces plans to grow its wide‑body fleet and cut costs to achieve profitability quickly.
- Azerbaijan Imports 1,422 Tonnes of AI‑98 Petrol Worth $1.806 Million in First Eight Months of 2026
· Business & Finance
Azerbaijan imported 1,422 tonnes of AI‑98 petrol $1.806 million from three countries between Jan and Aug 2026, down from the same period in 2025.
- Ramsay’s Cornwall Expansion: From £4.4m Modern Home to a £9.65m Property Deal
· Business & Finance
Gordon Ramsay bought a 1920s mansion in Rock, Cornwall for £4.4m in 2015, rebuilt it, and in 2026 reportedly bought a second 19th‑century house for £9.65m.
- Jet Airways Liquidator Seeks $92 Million Refund from Boeing, NCLAT Issues Notice
· Business & Finance
Jet Airways liquidator files NCLAT petition to recover $92.13 million from Boeing over unpaid advance payments for aircraft never delivered.
- Petronet LNG Posts 53.2% Rise in Net Profit, Seeks Delivery of Pending Qatar Cargoes
· Business & Finance
Petronet LNG reports 53.2% jump in net profit to ₹1,235 crore, dividend ₹7/share, while seeking delivery of missing Qatar cargoes amid force majeure.
- Yum Brands Severs Puerto Rico Franchise Deal, Temporarily Closes KFC and Taco Bell Restaurants
· Business & Finance
Yum Brands cuts ties with Encanto Restaurants, temporarily closing all KFC and Taco Bell sites in Puerto Rico while seeking new franchise partners.
- Kioxia’s Soft Forecast Sends Micron, Western Digital, and SanDisk Lower
· Business & Finance
Kioxia’s cautious December‑quarter outlook pulls memory stocks lower, sending Micron, Western Digital, and SanDisk shares down amid AI demand concerns.
- Meta Prepares $20 B Bond Sale Amid S&P Outlook Shift
· Business & Finance
Meta is preparing a cross‑border $20 billion bond sale to fund AI infrastructure, with maturities ranging 5‑30 years for dollars and 4‑38 years for euros.
- Nantucket’s Historic Hadwen‑Wright House Sells for $15.25 Million, More Than Tripling 2014 Price
· Business & Finance
Historic Greek Revival home at 94 Main Street sold for $15.25 million, tripling its 2014 price of $4.7 million.
- Microsoft Raises $25 Billion in Bonds After Offering Buyouts to 60,000 Employees
· Business & Finance
Microsoft sold $25B of bonds, its first U.S. investment‑grade issue since 2017, and launched a voluntary buyout for 60,000 employees across four countries.
- Finance Minister Urges Tata Group to Resolve Dispute Privately
· Business & Finance
Finance Minister Nirmala Sitharaman said on Monday that the dispute within the Tata group should be settled by the stakeholders themselves and kept out…
- Sitharaman Acknowledges FPI Concerns Over Equity Capital Gains Tax
· Business & Finance
Finance Minister Nirmala Sitharaman said on Monday that the government will consider concerns raised by foreign portfolio investors (FPIs) about India’s…
- U.S. Oil Companies Earn $130 Billion in Profits Amid Iran Conflict, While Consumers Face Rising Energy Costs
· Business & Finance
U.S. oil and gas companies earned $130 B in Apr‑Sep 2024, while consumers face higher fuel costs amid the Iran conflict.
- Ayesha Curry Discusses Growth of Sweet July Skincare Brand Amid Family and Career Support
· Business & Finance
Ayesha Curry shares Sweet July skincare journey, family support, and brand impact in interviews with Haute Living, Byrdie, and PEOPLE.
- Palantir CEO Alex Karp Purchases 37,000‑acre Swedish Forest, Ending Hunting Leases
· Business & Finance
Palantir CEO Alex Karp purchased 15,000 hectares (37,000 acres) of forest in Härjedalen, Sweden for 235 million kronor (~$22 million), ending hunting leases.
- Khambata Declines Reappointment as Tata Trusts Trustee, Criticizes Board Actions
· Business & Finance
Supreme Court lawyer Darius Khambata will not seek another term as trustee of Sir Dorabji and Sir Ratan Tata Trusts, citing board actions on 17 September 2026.
- Dimon Urges Companies to Dismiss Process‑Obsessed Managers
· Business & Finance
At an Oslo investor conference, JPMorgan CEO Jamie Dimon warned that bureaucracy erodes companies and urged removing process‑obsessed managers.
- IndiGo Adds 600 Pilots in First Half of Fiscal Year, Targets 1,000 by March 2026
· Business & Finance
IndiGo hired 600 pilots in FY's first half and plans to add 400 more by March 2026, aiming for 1,000 pilots total while meeting FDTL rules.
- Reliance Shares Rise 8% as Q2 Earnings Driven by Oil‑to‑Chemicals Margins and Jio Growth
· Business & Finance
Reliance Industries shares jumped 8% after Q2 FY27 results: revenue up 27.8%, profit up 33.8%, O2C EBITDA 67.9% rise, Jio growth, lower net debt.
- Accenture CEO Julie Sweet Buys 12,200 Shares, Adding to 48,910 Total Holdings
· Business & Finance
Accenture CEO Julie Sweet purchased 12,200 shares on Oct 26, 2026, bringing her total holdings to 48,910 shares. The move contrasts with limited insider buying.
- Kioxia Shares Drop 16% After Missed Profit Forecast
· Business & Finance
Kioxia shares fell 16% after its December‑quarter forecast missed estimates, despite strong AI‑chip demand and a 750% year‑to‑date rally.
- Silver Prices Fall Below $50 Ahead of Diwali as Global Factors Overpower Festive Demand
· Business & Finance
Silver falls under $50/oz before Diwali due to hawkish U.S. policy, strong dollar, rising oil, and high Indian import duties.
- New BNPL Rules Could Block Purchases If Affordability Checks Fail
· Business & Finance
If you have used a Buy Now Pay Later service since the summer, you have been subject to new affordability checks. BNPL has always been a type of loan…
- Petronet LNG, Marico, and MobiKwik Post Strong Q2 Profits While ITC and Wockhardt See Declines
· Business & Finance
Petronet LNG, Marico, and MobiKwik reported record Q2 FY27 profits, while ITC and Wockhardt saw declines. Sensex and Nifty 50 rose.
- Lanka IOC Raises Octane 95 Petrol Price by Rs. 20
· Business & Finance
Lanka IOC raises Octane 95 petrol price by Rs.20 per litre to Rs.495, effective midnight 25 Oct, across all its filling stations.