Economic Times07.05.2026BusinessIndia
BackIndian banks shift West Asia staff back home
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يتطور·46 dk önce
Henrico County Schools Dim Lights as Data Centers Drive Up Energy Costs
Henrico County, Virginia, is facing a 25% rise in electricity costs for government and schools, totaling $5 million annually, due to increased demand from 37 data centers. This has led to energy-saving measures like dimming lights, while the data center industry argues it's not responsible for wider market pressures.
Times of India
يتطور·1 sa önce
India Regulator to Nearly Double Stocks for Short Selling, Cut Collateral
India's market regulator plans to boost the cash equities market by nearly doubling the number of stocks available for short selling and reducing collateral requirements. This aims to draw investors from riskier derivatives, with final details expected by year-end.
Economic Times
يتطور·1 sa önce
Microsoft Announces 4,800 Job Cuts, Restructuring Xbox Division
Microsoft is cutting approximately 4,800 jobs, about 2% of its global workforce, as part of a cost-cutting and restructuring effort. The struggling Xbox gaming division will see the deepest overhaul in its history, with 3,200 gaming jobs shed, four studios spun off or sold, and a fifth under review.
Economic Times
يتطور·1 sa önce
India Diversifies LPG Imports, US Emerges as Key Supplier Amid Middle East Conflict
India is increasing LPG imports from the US to diversify its supply sources and reduce dependence on the Middle East, especially after the Strait of Hormuz closure disrupted Gulf shipments. US supplies have grown substantially, reaching up to 65% of India's imports in June, helping mitigate supply challenges during the West Asia conflict.
Times of India
يتطور·3 sa önce
SpaceX President Gwynne Shotwell Announces Stock Donation to Trump Accounts for Children
SpaceX President Gwynne Shotwell and her husband will donate $325 million in company stock to Trump Accounts for over 2 million American children, prioritizing lower-income areas near central Texas. This follows former President Trump's expectation for Elon Musk to donate, and comes as over 6 million Trump Accounts have launched, with other major companies also pledging contributions.
TOI World
يتطور·3 sa önce
Saudi Arabia Announces Largest Crude Oil Price Cut for Asia in Over Two Decades
Saudi Arabia has slashed the August price of its flagship Arab Light crude for Asian customers by $11 per barrel, the largest reduction in over 20 years. This move reflects weakening demand, improved supply conditions post-Middle East tensions, and increased competition.
Times of India