Business & Finance news
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- Kenya Power to Cut Power in Gigiri for Maintenance and Issues Eviction Notice to 68 Occupants in Mombasa
· Business & Finance
Kenya Power announced that it will carry out a planned electricity interruption in parts of Gigiri, Nairobi, on Wednesday, October 28. The company said…
- FTC to Distribute $15.8 Million in Refunds to Over 2.1 Million Cleo AI Users
· Business & Finance
FTC will refund over $15.8 million to 2.1 million Cleo AI users on Oct 27 via PayPal, no application needed.
- Anand Mahindra Switches to BHIM After Meeting NPCI’s Dilip Asbe
· Business & Finance
Anand Mahindra switched to BHIM UPI after meeting NPCI CEO Dilip Asbe, spotlighting India's digital payments infrastructure.
- Eximbank Rejects KAI Sale Amid Consulting Project and Hanwha Stake Surge
· Business & Finance
Eximbank denies selling KAI, while consulting project aims to boost Korean aerospace. Hanwha's stake rises to 15.89%, sparking monopoly concerns.
- Nvidia and AMD Commit $4 Billion to Meta Amid AI Funding Push
· Business & Finance
Nvidia and AMD will invest $3B and $1B respectively in Meta’s $95B AI infrastructure push, buying up to $5B in shares.
- OCBC Ranks Third Worldwide in The Asian Banker’s 1,000 Strongest Banks List
· Business & Finance
OCBC named Asia Pacific’s strongest bank, ranked 3rd globally in Asian Banker’s 1,000 Strongest Banks list, surpassing DBS and others.
- India’s Gold Prices Rise on October 27, 2026
· Business & Finance
India’s gold prices rose on Oct 27 2026: 24‑carat Rs 14,329/gram (+Rs 54), 22‑carat Rs 13,135 (+Rs 50), 18‑carat Rs 10,757 (+Rs 51).
- China’s Tech Stocks Plunge as AI Race With U.S. Fuels Market Anxiety
· Business & Finance
China’s tech stocks fall 40% on STAR 50, with AI sector losses wiping $2.4 trillion since May. Weak consumer demand and U.S. bans add pressure.
- Moskovitz Reveals CEO Role Was Never His Calling
· Business & Finance
Former Asana CEO Dustin Moskovitz reveals he never enjoyed managing teams and stepped down after 13 years, citing external events and his introverted nature.
- Tommy Paul and Wife List Two Homes for $5.29 Million as They Search for a Forever Home
· Business & Finance
Tennis star Tommy Paul and wife Paige Lorenze list Boca Raton and Connecticut homes for a combined $5.29M as they search for a forever home.
- Brent Crude Above $116 Signals Possible November Fuel Price Rise in UAE
· Business & Finance
Dubai – UAE petrol and diesel prices are likely to rise again in November as Brent crude climbs above $116 a barrel. In the last week of October, prices…
- ASB Card Payments Fail, Shoppers Abandon Purchases
· Business & Finance
ASB card payments failed across New Zealand, causing shoppers to abandon purchases at supermarkets, fuel stations, and McDonald’s drive‑thrus. ATMs and EFTPOS…
- Microsoft Offers Voluntary Buyouts to 60,000 Employees Amid AI Infrastructure Spending
· Business & Finance
Microsoft offers voluntary buyouts to ~60,000 employees with level 70 or below in the U.S., Canada, India and U.K., as it boosts AI infrastructure spending.
- DStv Kenya Unveils Four New Packages, Cutting Prices for Existing Subscribers
· Business & Finance
From Nov 5, 2026, DStv Kenya will replace six packages with four new ones—Starter, Select, Sports, Ultimate—at lower prices, plus a new Swahili sports channel.
- ONGC Sets November 5 for Q2 Results and Dividend Review
· Business & Finance
ONGC will review unaudited Q2 and H1 results and consider an interim dividend on Nov 5, 2026. Profit after tax: INR 328,940 million.
- SFC Environmental Technologies IPO: Cash Flow Concerns Amid Strong Profits
· Business & Finance
SFC Environmental Technologies will raise Rs 668 crore in its IPO, using Rs 150 crore for debt repayment and working capital, while cash flow remains weak.
- Gold Climbs 1% as Oil Prices Drop, Silver Falls Below ₹2 Lakh per Kg
· Business & Finance
Gold prices rose about 1% on Tuesday as lower oil prices lent support, while market participants awaited the U.S. Federal Reserve’s policy meeting for…
- Card Issuance in Bangladesh Rises 96% to 5.29 Crore by August 2026
· Business & Finance
Bangladesh Bank reports card issuance jumped 96% to 5.29 crore in Aug 2026, with transactions up 103% to Tk 49,770 crore. Prepaid cards grew 174%.
- RBI Governor Clarifies Tata Sons Must List as Upper‑Layer NBFC
· Business & Finance
RBI Governor Sanjay Malhotra mandates Tata Sons, an upper‑layer NBFC, to list publicly after rejecting its CIC deregistration request.
- Slack and Away Founders Sell Aspen Estate for $30 Million
· Business & Finance
Slack co‑founder Stewart Butterfield and Away co‑founder Jen Rubio sold their Aspen, Colorado estate for $30 million in October, after a $5 million gain.
- Historic Hollywood Hills Estate Sold for $6.325 Million After Designer Renovation
· Business & Finance
1929 Spanish Colonial Revival home at 1851 Outpost Drive sold for $6.325M after Julia Dempster’s renovation. Formerly owned by Bob Barker.
- KAI Faces Cash Drain and Order Shortfall Amid Export Wins
· Business & Finance
KAI’s cash balance fell 2.3319 trillion KRW, operating cash flow negative for three years, and orders lag behind export wins.
- Wyndham Posts $410 Million Net Revenue in Q3, Raises Full‑Year Outlook
· Business & Finance
Wyndham Hotels & Resorts posted $410 million net revenue in Q3 2026, up 7% YoY, and raised its full‑year outlook for RevPAR, EBITDA, and EPS.
- Credit Card Use in Bangladesh Climbs 30% YoY to Tk4,089 Crore in August, but Falls 5.4% from July
· Business & Finance
Credit card transactions in Bangladesh rose 30.03% year‑on‑year to Tk4,089 crore in August, up from Tk3,144 crore in August 2025, according to a…
- Rishwin Devaya Leaves Corporate Job to Turn Family Coffee Estate into ₹2‑Crore Brand
· Business & Finance
Rishwin Devaya leaves corporate life to launch Riverside Coffee, a ₹2‑crore brand from his family’s century‑old Coorg estate, growing 30% YoY.
- Festive Season Split Across Q2 and Q3 Pressures Consumer Companies
· Business & Finance
India’s festive sales split between Q2 and Q3, input‑cost inflation squeezes margins, and consumer spending shifts across categories.
- Vietnamese Basa Fish Imports Surge in India, Offering Affordable Alternative to Local Varieties
· Business & Finance
Vietnamese basa fish imports in India rise 13.7% to $18.23M FY26, offering cheaper fillets than local varieties, boosting HORECA demand.
- Kavya Maran: From Sun Group Executive to IPL Spotlight and Upcoming Wedding
· Business & Finance
Kavya Maran, Sun Group executive and Sunrisers Hyderabad dugout presence, is linked to a wedding with composer Anirudh Ravichander, set for 21 Nov in Chennai.
- India Grants Zero Duty on Sheep Meat and 15% Rate on Kiwi Fruit Under New Zealand FTA
· Business & Finance
India has issued its first set of import duty concessions under the free trade agreement with New Zealand, announcing preferential customs rates for…
- Trump Administration Attracts $11.3 Trillion in US Investments, India Secures $500 Billion
· Business & Finance
During Trump’s presidency, the U.S. attracted $11.3 trillion in foreign investment, with India ranking sixth at $500 billion, per White House tracker.