Bloomberg
Bloomberg
Bloomberg
Vodafone Idea plans to raise $2.9 billion in loans to boost network
The billionaire Kumar Mangalam Birla-led wireless carrier had to earlier defer the plan as banks were concerned about the firm's weak finances and mounting dues to the government
 "Vodafone Idea plans to raise $2.9 billion in loans to boost network")
Shell in early talks to acquire London-based oil rival BP: Reports
BP is under intense pressure after years of under-performance and the intervention of aggressive activist shareholder Elliott Investment Management
 "Shell in early talks to acquire London-based oil rival BP: Reports")
Indian private refiners dominate buying of Russian flagship oil grade
Reliance Industries Ltd. and Nayara Energy Ltd. alone took 45 per cent of Russia's shipments of the medium-sour variety
 "Indian private refiners dominate buying of Russian flagship oil grade")
Walmart tests dark stores closed to public to speed up online delivery
Faster delivery is a key priority area for Walmart, as shoppers are increasingly paying more to get their purchases faster
 "Walmart tests dark stores closed to public to speed up online delivery")
Court orders Trump admin to return man wrongly deported to El Salvador
The 2nd US Circuit Court of Appeals ordered the return of Jordin Alexander Melgar-Salmeron, deported to El Salvador on May 7 due to administrative errors, saying he must be brought back as soon as pos
 "Court orders Trump admin to return man wrongly deported to El Salvador")
NTSB blames Boeing, FAA oversight failures for 2024 midair blowout
The midair blowout in January 2024, which left a gaping hole in the side of the plane operated by Alaska Airlines, didn't result in any fatalities, but it plunged Boeing into crisis
 "NTSB blames Boeing, FAA oversight failures for 2024 midair blowout")
Trump-brokered truce gains ground as nuclear watchdog seeks Iran access
International Atomic Energy Agency chief Rafael Grossi said that the country's atomic programme has been set back significantly
 "Trump-brokered truce gains ground as nuclear watchdog seeks Iran access")
HDB starts taking orders for one of India's biggest IPOs this year
The shares are being marketed from Wednesday at ₹700 to ₹740 each, valuing the company at as much as $7 billion
 "HDB starts taking orders for one of India's biggest IPOs this year")
JPMorgan sees Asian Tech stocks gaining another 15-20% this year
'AI will continue to lead this upcycle on the growth in datacenter capex in 2025 and more confidence in 2026 growth,' analysts including Gokul Hariharan wrote in a report
 "JPMorgan sees Asian Tech stocks gaining another 15-20% this year")
Qantas jet takes 15-hour flight to nowhere due to West Asian crisis
The Boeing Co. 787 jet departed Perth for the usual 17-hour haul to Paris at 7.35 p.m. local time Monday
 "Qantas jet takes 15-hour flight to nowhere due to West Asian crisis")
Big bets: OpenAI nabbing Microsoft customers, fuelling partners' rivalry
OpenAI has inked deals with rival cloud computing partners and spent much of the past two years building out a suite of paid subscription products for businesses, schools and individuals
 "Big bets: OpenAI nabbing Microsoft customers, fuelling partners' rivalry")
Donald Trump eases pressure on Iran by saying China can buy its oil
The shift comes mere hours after Trump declared that Iran and Israel had agreed on a ceasefire, which got off to a shaky start with early breaches of the deal by both sides
 "Donald Trump eases pressure on Iran by saying China can buy its oil")
China slams Taiwan's President Lai for speech mentioning independence
China's fear is that Lai will go beyond those words and formalise independence with steps such as writing it into the constitution
 "China slams Taiwan's President Lai for speech mentioning independence")
Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025
The approval clears the way for the company to incorporate feedback from the regulator into its prospectus, before it starts marketing the deal
 "Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025")
Air India suspends Europe, US east coast flights amid Middle East conflict
Some flights heading for India were forced to return to their point of origin or were being re-routed
 "Air India suspends Europe, US east coast flights amid Middle East conflict")
US judge extends block on Trump-era ban on foreign students at Harvard
US District Judge Allison Burroughs granted Harvard a preliminary injunction blocking enforcement of a June 4 proclamation that bars international students from entering the US
 "US judge extends block on Trump-era ban on foreign students at Harvard")
Warburg in talks to sell 10% stake in SBI General to Premji Invest, SBI
Premji Invest and New York-based Warburg Pincus agreed to buy 16.01 per cent and 9.99 per cent of SBI General Insurance, respectively, in 2019 from Insurance Australia Group Ltd
 "Warburg in talks to sell 10% stake in SBI General to Premji Invest, SBI")
Asia's oil lifeline at risk as Iran conflict threatens key trade routes
Asia buys more than four-fifths of all the crude produced in the Middle East, and 90 per cent of that goes through the Strait of Hormuz
 "Asia's oil lifeline at risk as Iran conflict threatens key trade routes")
EV cost no longer a top concern as Uber drivers worry about charging access
The challenge will be tackling the new No. 1 concern - charging difficulties - especially for a company that depends on drivers who typically lack access to home charging
 "EV cost no longer a top concern as Uber drivers worry about charging access")
Honda supplier hit hard as US-China trade war escalates across key sectors
For Daido Steel, the trade war has triggered a renewed effort to develop rare earth supply chains beyond China, which controls 70% of mining and 90% of global refining of these critical metals
 "Honda supplier hit hard as US-China trade war escalates across key sectors")
