Economic Times12.05.2026BusinessIndia
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India's Auto Sector Sees Robust Growth in June, Led by Passenger Vehicles and Alternative Fuels
India's auto sector experienced significant growth in June, with passenger vehicle sales up 28.63% and the overall industry rising 21.83%. Alternative fuel vehicles, including EVs, saw a remarkable 40.35% increase. Rural areas outperformed urban centers in passenger vehicle sales.
Economic Times
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Citi CEO Jane Fraser Discusses AI's Impact on Banking and Job Market
Citi CEO Jane Fraser stated that the banking sector is in two critical races driven by AI. She acknowledged job dislocations due to AI, citing Citi's 3,500 tech layoffs in China in 2025, but also emphasized AI's potential to augment human roles and create new jobs.
Times of India
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Iran in Talks with Japanese Firms for Oil Sales Under US Sanctions Waiver
Iran has initiated discussions with Japanese companies for potential oil sales, facilitated by a U.S. sanctions waiver set to expire on August 21. Buyers are seeking an extended waiver and improved shipping safety assurances due to concerns in the Strait of Hormuz, with insurance remaining a key hurdle.
Economic Times
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India Eyes Doubling LPG Imports from US to Reduce Gulf Dependence
India plans to significantly increase LPG imports from the US, potentially doubling current volumes, to diversify its energy sources away from the Gulf. This move aims to bolster strategic reserves and ensure supply security amid geopolitical tensions.
Times of India
Gelişiyor·2 sa önce
India's Top IT Firms Widen CEO-Median Pay Gap Amid Industry Slowdown
Four of India's largest IT firms, including TCS and Infosys, increased the pay gap between their CEOs and median employees in FY26. This widening occurred despite muted salary growth for the broader workforce due to an industry slowdown.
Economic Times
Gelişiyor·2 sa önce
Energy Transition Attracts Venture Capital Amid Rising AI Power Demand
Venture capital and private equity firms are increasingly investing in energy transition startups focused on clean energy, grid infrastructure, batteries, and industrial decarbonization, driven by the growing power demands of AI.
Economic Times