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SUMMER SLUMP
Cement sector faces muted Q1 FY27 as heat, water scarcity hit demand: Ashika's Jyoti GuptaIndia's cement sector faces a subdued start to FY27, with extended heat and water scarcity dampening construction despite a delayed monsoon...- China's May retail sales fall for first time in over three yearsChina's economy shows a worrying split in May. While factories are humming with strong exports, consumer spending took a hit, with retail s...
- Hotel giants bet India’s local travel boom can defy slowdownMajor hotel groups are investing heavily in India. They expect a surge in domestic travel to drive growth. This expansion continues despite...
- SpaceX, Anthropic, OpenAI can rewrite history for megacap IPOsInvestors face a key decision on when to buy shares in upcoming mega-tech IPOs like SpaceX, Anthropic, and OpenAI. Historical data shows te...
- Air India, IndiGo to cut domestic flight operations as ATF prices, low demand hurt: ReportAir India and IndiGo are reducing domestic flights starting June 1 for three months. This move comes as jet fuel prices surge and demand di...
- India's prized Alphonso mango crop ruined by weatherA sharp difference in day and nighttime temperatures in December and January hurt flowering and fruit setting, while hotter than usual weat...
- A scorching Asian summer will add to risk of surging gas pricesGlobal gas markets are on edge as the Strait of Hormuz remains largely closed. Traders are watching China and weather forecasts closely. Ho...
- India's cooking fuel shortage is driving up California's gas pricesIndia's cooking gas shortage, driven by the Strait of Hormuz closure, forces refiners to cut alkylate production. This directly impacts Cal...
- Tata Power, Bhutan's DGPC expand hydropower partnership to over 5,000 MWTata Power and Bhutan's Druk Green Power Corporation (DGPC) have expanded their clean energy partnership with the addition of the 404 MW Ny...
- Oil prices rise about $1 as investors weigh Middle East peace prospectsOil prices saw a rebound on Thursday after sharp losses. Investors are closely watching the Middle East peace deal. Even if an agreement is...
- Coal India's production in April drops amid rising power demandApril brought unexpected challenges for Coal India, the giant behind India's coal production. The company experienced a significant 9.7 per...
- Dubai home prices record first decline after post-pandemic boomDubai's red-hot housing market is cooling for the first time since 2020, with prices and sales volume dropping in March. Regional conflict ...
- China’s Netflix expects AI to create bulk of shows in five yearsIQiyi Inc. is set to transform its operations, anticipating AI will generate most films and shows within five years. The company is launchi...
- Delhi beer sales dip 52% in May due to bad weather, less stock in stores, etcDelhi sold 83 lakh liters of beer in May this year as opposed to 173 lakh litres during the same month last year. The first five months of ...
- Goldman Sachs raises global equities to "overweight"The Wall Street bank cut credit to "neutral", citing its outperformance during the recent "risk-off" period and tighter spreads, which it s...
- Amid cos rescinding internship offers, RIL keeps commitment, digitally onboards 84 summer internsThe coronavirus-led recession has dramatically changed job markets globally. Some companies are freezing all hiring while many firms that r...
- Oil’s worst summer is yet to comeIf crude’s slump back to a 6-year low looks bad, it’s even worse when you reflect that summer is supposed to be peak season for oil.
- Can summer, monsoon stocks beat the market heat?Summer stocks include stocks of white goods companies such as those dealing in refrigerators, fans, AC and tourism stocks.
- Toyota to cut managers' bonuses by 60 pct: OfficialJapan's Toyota Motor will slash summer bonuses for its 8,900 managers by an average 60 per cent from a year earlier due to a slump in the g...
- Summer of discontent at IIM-I as slump bitesThe global economic slump has affected the summer placement at IIM, Indore.
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