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India takes a ‘huge hit’ on tax revenue to keep fuel prices from surging during the Iran war
People stand in a queue to refill fuel at a gas station in Guwahati, India, on March 26, 2026. David Talukdar | Anadolu | Getty Images The Indian government’s tax revenues have taken a “huge hit” after New Delhi slashed central excise duties on fuel for domestic consumption, Petroleum and Natural Gas Minister Hardeep Singh […]
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Foreign investors pull a record $12 billion from Indian stocks, sparked by Iran war
A ticker and a screen display stock prices at the Bombay Stock Exchange (BSE) building in Mumbai, India, on Thursday, July 31, 2025. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Foreign investors are on track to pull a record $12 billion from Indian equities this March as the Iran war […]
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Inside India newsletter: Ikea has high hopes for the country as it stares at a global slowdown
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of Inside India — your one-stop destination for stories and developments from the world’s fastest growing large economy. This week, I dive into the world’s largest furniture retailer, Ikea, and its big plans in India even as it contends with […]
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Legal AI startup Harvey valued at $11 billion in funding round, as VCs spread bets beyond model companies
Harvey co-founders Winston Weinberg and Gabe Pereyra. Courtesy of Harvey With OpenAI and Anthropic soaring to a combined valuation of more than $1 trillion, some in the artificial intelligence industry fear that the two big model companies are sucking up so much of the value that there won’t be much left for other startups. Harvey […]
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What comes after Labubu? Inside Pop Mart’s next grow play
A performance featuring Labubu in Pop Land in March 2026. CNBC Pop Mart knew Labubu would be a hit, but it didn’t expect the shaggy little elf-monster to take over the world. Then, almost as quickly, the question followed: Is the bubble about to pop? It’s a pressure Pop Mart has learned to live with. […]
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British fintech Revolut reports record annual profit as it gears up for U.S. push
British fintech Revolut on Tuesday reported a record annual pretax profit, as it ramps up plans to expand into the U.S. following its long-awaited granting of a full U.K. banking license earlier this month. Profit before tax rose 57% to £1.7 billion ($2.3 billion) in 2025, compared to £1.09 billion in 2024. Group revenue increased […]
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India’s March private business activity slows to lowest since Oct 2022, missing forecasts
MANGALURU, INDIA – SEPTEMBER 05: A general view shows a section of the Mangalore Refinery and Petrochemicals Limited (MRPL) refinery on September 05, 2025 in Mangaluru, India. India’s vast oil refining complexes are among the largest in the world, processing millions of barrels of crude daily to meet rising domestic and export demand. Abhishek Chinnappa […]
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China vows to continue opening its economy amid trade tensions with U.S.
Li Qiang, China’s premier, speaks at the China Development Forum in Beijing, China, on Sunday, March 22, 2026. The forum runs through March 23. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Chinese Premier Li Qiang pledged on Sunday to further open the country’s economy to foreign firms and pursue more […]
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Stocks making the biggest moves midday: SolarEdge Technologies, Super Micro Computer, FedEx & more
Check out the companies making the biggest moves midday: SolarEdge Technologies — The solar stock popped 14% following an upgrade to hold from underperform at Jefferies. “We are tactically upgrading SEDG to HOLD, as the escalating ME conflict is triggering a replay of the European energy security dynamics that ‘turbocharged’ SEDG’s business during the Russia-Ukraine […]
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Stocks making the biggest moves premarket: York Space Systems, Super Micro Computer, Planet Labs, FedEx & more
Check out the companies making headlines before the bell. York Space Systems — The space and defense stock gained 11% after posting full-year revenue that topped analyst expectations. The company’s top line totaled $386.2 million, while analysts polled by FactSet expected revenue of $383.5 million. York Space Systems also issued strong revenue guidance for 2026. […]
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