Business

The Asian Development Bank on Sunday rolled out an ambitious $70 billion regional investment roadmap to strengthen electricity links and digital infrastructure across Asia and the Pacific by 2035, in a push to improve resilience, reduce costs and widen access, PTI reported.The package combines two large programmes –a $50 billion Pan-Asia Power Grid Initiative and…

Air India’s board will meet on May 7 to review cost-saving measures, discuss CEO succession plans and consider the airline’s FY26 financials as mounting losses and the Middle East conflict intensify pressure on the Tata Group-owned carrier, PTI reported.Sources told news agency PTI that the board, chaired by Tata Sons Chairman N Chandrasekaran, is scheduled…

Saudi Arabia, Russia and five other OPEC+ countries on Sunday raised their oil production quota in an expected move aimed at projecting continuity after the United Arab Emirates’ surprise exit from the producers’ alliance, AFP reported.The seven producers will add “188,000 barrels per day” to their combined production quota for June, according to a statement…

Healthcare industry body NATHEALTH on Sunday welcomed the government’s National Building Construction Standards (NBCS) 2026, saying the new norms easing height restrictions for hospitals are expected to reduce infrastructure bottlenecks and improve access to healthcare, PTI reported.The industry body said the revised standards allow hospitals to build beyond earlier limits and permit Intensive Care Units…

FMCG major Nestle India has flagged volatility in input costs amid geopolitical uncertainties but said it will continue to pursue volume-led growth in the new fiscal, with focus on expanding consumption, improving penetration and driving efficiencies, PTI reported.Chairman and Managing Director Manish Tiwary said the maker of Maggi noodles, Nescafé and KitKat remains cautious as…

Stock markets are heading into a crucial week, with investors likely to keep a close watch on state election results, crude oil prices and the ongoing Middle East conflict. Vote counting for assembly elections in West Bengal, Tamil Nadu, Kerala, Assam and Puducherry will begin on Monday, May 4, and analysts believe the results could…

Dalal Street closed the holiday-shortened week in the green, lifting the combined market valuation of India’s top 10 most valued firms by Rs 2.20 lakh crore. Reliance Industries led the rally as investor sentiment remained resilient despite a volatile trading environment.The gains came even as the stock market moved within a narrow range. The BSE…

Pakistan’s struggling economy is likely to remain under sustained pressure, with double-digit inflation expected to persist if global oil prices continue to surge amid the ongoing Middle East crisis, according to a report by Dawn.Topline Securities Ltd, in its latest “Pakistan Strategy” report released Saturday, provided a grim assessment of the impact of rising energy…

Adam Back has spent weeks being asked yet again, by various people, whether he is the inventor of Bitcoin. He is not, he says. He has been saying so for years and again since the New York Times suggested in early April, after dissecting writings from the early cypherpunk era, that Adam Back was the…

A Chinese court ruled that companies cannot terminate employees just to replace them with artificial intelligence systems, as authorities juggle the need to stabilise the domestic labour market with a global race to develop AI technologies.The court decided that a tech firm in eastern China had illegally fired one of its workers after he refused…