Category: Business News & Economy

GLOBAL-GRAINS/ (UPDATE 2):GRAINS-CBOT grains, soybeans fall as oil drops on Iran hopes

Tokyo and Washington have said they acted in concert to strengthen the yen against the dollar. This revives the spirit of the 1985 Plaza Accord—which haunted Japan’s economy for decades thereafter.

Palantir Technologies Inc.’s stock surge has wiped out all of the year-to-date paper gains for short sellers, saddling them with billions in losses.

In a novel experiment, the Indian government plans to share the risks of oil and gas exploration with private explorers. But the success of this bold new policy approach aimed at import substitution would partly depend on how smartly its outlay is deployed.

“We have acquired a majority stake in Bengaluru-based XNG Automation to expand our local production of automation solutions,” Agile India managing director Saravanan Solaiappan said without sharing financial details of the deal.

CoreWeave CFO Nitin Agrawal sells $6.8m in stock on June 16

Rate hikes are more likely to be reactive than proactive, becoming a real possibility only if core inflation sustains above 4.5% in a broad-based manner. 

NextNav CEO Mariam Sorond sells $51,877 in company stock

Zepto has held off its public share offer. Earlier listings—think Eternal, Nykaa and Delhivery—were judged by their reach and growth, with private valuations setting offer prices. But market investors now want platforms to show paths to profitability.

Grab has increased its annual revenue and profit forecasts for the upcoming year. Strong demand for ride-hailing and delivery services fuels this positive outlook. The company’s affordability strategy and AI investments are key drivers of growth. Grab also announced a significant new share buyback program for investors. These developments reflect Grab’s confidence in its future…