Business updates

Business updates

Gold stuck in Dubai is being sold at a discount as Iran war widens

Traders in Dubai are offering discounts of as much as $30/ounce to the global benchmark gold prices in London.>

Jio IPO to miss timeline due to delay in changes to SEBI listing rules

Reliance Industries is waiting for the government to formalise the changes in SEBI listing rules to file a DRHP for a Jio Platforms IPO.>

Oracle layoffs to impact thousands in AI cash crunch

The Oracle layoffs coincide with Chairman Larry Ellison's plan to build AI data centres for the likes of OpenAI, and compete with AWS and Microsoft Azure.>

Some industry hesitation, but flywheel working again: Xiaomi India

Research firm IDC expects the PC market to shrink by 11.3%, and the smartphone market to register a 12.9% decline.>

Xiaomi and Leica’s smartphone camera thesis: Photography as a human eye sees it

Xiaomi sees its India comeback finding a premium, ecosystem-led momentum, with the Xiaomi 17 flagships and Leica-backed imaging at the centre of that push.>

India tells refiners to maximise LPG output for domestic sales only

India tells onshore refiners to maximise LPG production for sale to only Indian Oil, HPCL and BPCL, amid a gas squeeze stemming from the Iran war.>

Credits : HTimes