Economic Times5/10/2026BusinessIndia
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Global Oil Markets Face Chaos as Trump Declares Iran Ceasefire 'Over'
Global oil prices surged over 1% as US President Trump declared the ceasefire with Iran "over" and fresh US military strikes heightened fears of supply disruptions. Brent crude rose to $79.04 and WTI to $74.46.
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Developing·39m ago
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US States Prepare Lawsuit Against Paramount Over Warner Bros. Discovery Acquisition
Several US states, led by California, are preparing to sue Paramount over its $110 billion acquisition of Warner Bros. Discovery, citing concerns about competition law violations. Hollywood actors and theater owners also oppose the deal, fearing job losses and reduced consumer choice.
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Developing·13m ago
India ER&D Firms Face Mixed Q1 FY27, Automotive Weakness Persists
India's ER&D service companies likely experienced a mixed start to fiscal 2027, with Q1 revenue estimates showing a sequential range from 0.9% contraction to 1.5% growth in constant currency. Analysts point to a weak automotive market as a significant drag on the sector.
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Developing·12m ago
India's Tech Sector Faces Potential Job Cuts of Up to 35,000 This Year
India's technology and software services sector may see up to 35,000 job eliminations this year due to increased focus on productivity and market competition. Staffing firms report 10,000-15,000 'silent layoffs' already occurred, with projections for the full year ranging from 25,000 to 35,000.
Economic Times
Developing·12m ago
PayU Eyes 25% Growth in TPV and Lending AUM, Targets Net Profit
Digital payments firm PayU anticipates a 25% expansion in total payment value and lending assets under management within 12-18 months, aiming for net profitability across its fintech operations. CEO Anirban Mukherjee projects Rs 6,700 crore revenue for FY26.
Economic Times