Headlines

Crude affair: Why the world is still hooked on oil despite better options​Business News Today: Stock Markets, Financial News, India Business & World Business News

A global promise to shift from fossil fuels faces significant hurdles. Economic ties to oil and powerful industry lobbying impede progress. Political will is also a key factor. Despite these challenges, renewable energy sources are expanding rapidly worldwide, offering a glimpse of future change.

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Noida workers protest: Key issues, wages, and other demands; top 10 things to know​Business News Today: Stock Markets, Financial News, India Business & World Business News

Factory workers’ demands for a wage hike escalated into violent clashes, exposing deep-rooted anger over pay disparities and poor working conditions. The strike paralyzed traffic, stranding thousands and causing significant damage to public and private property. Security forces were deployed to restore normalcy.

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No hard decoupling: India balances China trade with export push​Business News Today: Stock Markets, Financial News, India Business & World Business News

India is trying to maintain the right balance with China, by increasing exports and reducing reliance on Chinese inputs. The country is trying to build resilient supply chains and enhance its export capability, but is still unable to completely disconnect from China. It is trying to diversify supplies, and reduce the trade deficit.

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From queues to QR codes: How UPI transformed India’s digital payments, now driving 49% of global real-time transactions​Business News Today: Stock Markets, Financial News, India Business & World Business News

India’s financial landscape has been revolutionized by UPI, the nation’s digital payments centerpiece. Launched in 2016, it has become the world’s largest real-time payment system by volume, processing billions of transactions monthly. UPI has significantly expanded financial inclusion, bringing millions into the digital economy and setting a global benchmark for inclusive financial innovation.

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Amazon’s $30 mn deal: E-commerce giant signs carbon credit agreement with rice farmers​Business News Today: Stock Markets, Financial News, India Business & World Business News

Amazon has secured a significant $30 million deal for carbon credits from sustainable rice farming in India, a first of its kind in the country’s agricultural sector. This initiative, involving over 13,000 farmers, aims to reduce methane emissions and support Amazon’s net-zero targets by promoting water-saving cultivation techniques.

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Asian stocks today: Markets retreat after record-high due to oil surge, Iran tensions weigh​Business News Today: Stock Markets, Financial News, India Business & World Business News

Asian markets faltered after touching record highs, weighed down by surging oil prices and lingering US-Iran peace talk uncertainties. Japan’s Nikkei briefly crossed 60,000 before retreating. Escalating Middle East tensions, including shipping disruptions, fueled oil price spikes, impacting investor sentiment across the region. Despite a Wall Street rally, regional markets succumbed to geopolitical anxieties.

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