Economic Times5/4/2026BusinessIndia
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Developing·1h ago
American Bitcoin's Crypto Strategy Leads to Stock Slump and Reverse Split
American Bitcoin Corp., co-founded by Eric Trump, has seen its shares plummet over 95% from their peak, erasing over $600 million from his stake. The company underwent a 1-for-15 reverse stock split to maintain its Nasdaq listing, hitting an all-time low stock price. This downturn highlights a shift in investor preference from pure crypto mining to companies repurposing infrastructure for AI data centers.
Economic Times
Developing·1h ago
India's Fuel Retailers Face Cooking Gas Glut After Over-Booking
Indian fuel retailers have excess cooking gas supplies due to over-booking cargoes amid Persian Gulf disruptions and increased domestic production. Slow demand recovery from large consumers has led to storage issues and penalties.
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Developing·1h ago
Samsung Restructures Indian Operations to Boost Home Appliance Profitability
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Economic Times
Developing·3h ago
India's Middle Class Drives Growing Dollar Spending
India's expanding middle class is significantly increasing spending on foreign goods and services, making international travel, overseas education, digital subscriptions, and imported electronics major drivers of dollar demand. This trend reflects deeper global economic integration, though oil imports remain the largest forex expenditure.
Economic Times
Developing·3h ago
India's Micro-Irrigation Adoption Gap: Bridging the Divide for Water Security
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Economic Times
Business·3h ago
Walmart Heiresses Nancy Walton Laurie and Ann Walton Kroenke Live Vastly Different Lives of Wealth
Walmart heiresses Nancy Walton Laurie and Ann Walton Kroenke showcase extreme wealth through vastly different means. Laurie owns the $300 million megayacht Kaos, while Kroenke commands the Waggoner Ranch, a 510,000-acre Texas property.
Times of India