Oil production in Libya reached its highest level in 12 years
Central bank bottlenecks and massive import costs delay the impact of the $4B windfall. War-torn Libya is pumping oil at the fastest pace in more than a decade, averaging about 1.4 million barrels a day in April, according to operating data from the National Oil Corporation. Still, refining capacity, distribution networks and subsidy-financed imports remain…
mbappe’s historic night powers
France captain Kylian Mbappe enjoyed a record-breaking evening as Les Bleus opened their FIFA World Cup 2026 campaign with a 3-1 win over Senegal in New York. Mbappe scored in the 64th minute and again in stoppage time as Didier Deschamps’ side overcame a spirited Senegal team that had created many chances and troubled the…
Lloyds Engineering Works soars
Lloyds Engineering Works share price Share price of Lloyds Engineering Works rose 14 per cent to ₹81 on BSE in intra-day deals on Tuesday amid heavy volumes. The stock has gained 21 percent in the last three trading days. The share price of the industrial products company is now close to its 52-week low…
Personal Credit: A Hot Market
The defaults highlight concerns about private debt. Lawmakers and regulators are taking notice. Two recent corporate defaults have heightened market concerns about the scrutiny of borrowers’ risks by private-credit funds, leading to calls for tighter monitoring and better underwriting standards for lightly regulated lenders. One of these defaults, by software-as-a-service provider Medallia, caused private-equity firm…
AI return on investment: Lookie
While one company after another is reporting benefits from AI, most have yet to realize any return on investment. Sooner or later, the inevitable question about artificial intelligence will arise: Is the investment boom pushing the corporate world into a bubble? The answer, predictably, lies in the ability of companies to demonstrate a return on…
Medical costs rise, ICICI Lombar
ICICI Lombard General Insurance has urged its customers and agents to opt for higher sum assured for adequate protection amid rising healthcare costs. “Given the rising cost of healthcare and the inflationary nature of treatment costs, we have urged customers and our channel partners to opt for a higher sum insured to provide adequate protection…
Affordable homes are disappearing
The share of newly launched homes priced below ₹75 lakh has fallen sharply from 47% at the end of 2021 to just 17% at the beginning of 2026. In contrast, the share in supply of homes priced between ₹1.5 crore and ₹3 crore has almost doubled, rising from 16% to 31% and becoming the largest…
global finance names 2026 ino
Global Finance’s 2026 winners reveal how top banks are taking advanced technology into production. Annual industry benchmarks provide a clear view in developing corporate strategies. global finance The Innovator Awards 2026 – spanning banks and fintech – confirm that artificial intelligence (AI) and generative AI (Gen AI) have transformed the technology from speculative technology to…
Amazon launches AI tool
The company’s new suite of seller tools, powered by a product called Seller Assistant, automates tasks ranging from product listing to demand forecasting and is designed to reduce the time sellers spend on routine operations. The rollout comes as Amazon faces its most intense competitive pressure yet in India, competing with e-commerce rivals Flipkart and…
FCNR (B) flow to help Repala
The deposit fund will also allow lenders to replace a portion of high-cost bulk deposits. This will reduce the cost of funds and potentially support the net interest margin (NIM). Estimates of potential flows vary widely, from $20 billion to $40 billion. “Since these deposits do not meet the cash reserve ratio or statutory liquidity…
