Business

Amazon crosses $3 trillion market value as cloud and AI momentum lift shares

Amazon has reached a new market-capitalisation milestone as investor enthusiasm around its cloud business and generative AI investments pushed the company’s stock higher. For foreign readers, the development underlines the growing financial importance of big cloud providers to global markets and to digital economies in countries such as India. What happened and why it matters ... Voir l'article

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US bank Capital One closes more than 300 Trump Organization accounts after anti-money laundering review

Capital One, a major US commercial bank, has told regulators that an anti-money laundering (AML) review prompted the closure of more than 300 accounts linked to the Trump Organization. The move highlights heightened AML scrutiny of politically connected clients in the United States and carries implications for international banks and companies, including those in India, ... Voir l'article

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India’s UPI posts record monthly value in July, signalling faster shift to digital payments

India’s Unified Payments Interface (UPI) recorded its highest-ever transaction value in July, according to industry reports, marking another milestone for the country’s fast-growing digital payments system. The new peak underscores the increasing role of real-time retail payment rails in daily commerce and in the business models of banks and fintech firms. What the July milestone ... Voir l'article

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Foreign investors return as analysts say Indian equities may have been oversold

After several months of net selling by foreign institutional investors, flows into Indian equities have shown signs of recovery. Market commentators point to stretched declines in prices, shifting global sentiment and domestic factors as reasons for the renewed interest. What happened to foreign flows and why it matters Foreign institutional investors (FIIs) were net sellers ... Voir l'article

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