Japan’s MUFG Bank has acquired a 20 percent stake in Shriram Finance Ltd. The deal is valued at Rs 39,618 crore. This marks the largest cross-border investment in India’s financial services sector. The collaboration aims to accelerate Shriram Finance’s growth.…
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Federal Reserve officials considered raising interest rates last month. Inflation remained above their target. The U.S.-Israeli war with Iran added to these concerns. Some officials saw a strong case for rate hikes if inflation persisted. However, many still expected rate…
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India’s telecom regulator TRAI is exploring direct satellite-to-mobile communication services. This move aims to provide connectivity in rural and remote areas. TRAI is seeking views on using spectrum for these services. The regulator is considering global practices and the outcome…
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Walt Disney is set to cut up to 1,000 jobs in the coming weeks. Many of these layoffs will impact the marketing department. This move is part of a new initiative called Project Imagine. The company aims to streamline its…
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Iran announced alternative routes on Thursday for ships travelling through the Strait of Hormuz, citing the risk of sea mines in the main zone of the vital waterway. “All ships intending to transit the Strait of Hormuz are hereby notified…
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Oil prices climbed on Thursday. Investors worry about Middle East supply. A ceasefire between the U.S. and Iran faces doubts. The Strait of Hormuz remains restricted. This vital waterway connects major oil producers to global markets. Shippers need more clarity…
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