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Iran-aligned Houthi forces have captured Yemen’s strategic Perim Island in the Bab al-Mandab Strait, tightening their grip on a critical Red Sea shipping route and increasing risks for Saudi oil exports and global energy markets.
Tata Consultancy Services has reduced quarterly variable pay for mid and senior-level employees to 60-70%, while junior employees continue to receive 100% payouts amid margin pressure and rising AI investments.
Trade tensions between the United States and Canada are escalating after talks collapsed, with new 50% US tariffs on about $20 billion of Canadian goods and retaliatory duties from Ottawa expected to put pressure on businesses and consumers.
Samsung India has reportedly begun a workforce reduction across its television and home appliance divisions, with around 80-100 executives asked to exit amid rising costs, weaker demand and an ongoing restructuring exercise.
The long-awaited NSE IPO is moving closer to the market after SEBI cleared the issue. With the grey market premium rising to ₹285, investors are now watching for the official price band, subscription dates and listing schedule.
Jaguar Land Rover plans to reduce its global workforce by around 4,000 roles while targeting £1.7 billion in savings, as the luxury automaker simplifies its operations and prepares five new products.
Iran and Oman have reached initial understandings on how to manage parts of the Strait of Hormuz and share potential revenues, according to Iran’s Revolutionary Guards, although a senior Iranian source later said the deal has not yet been fully finalized.
The BCCI has asked all 10 IPL franchises for fresh feedback on the Impact Player rule, with responses due by August 31. The review could influence whether the rule continues unchanged in IPL 2027.
Donald Trump has threatened military action against Oman if it obstructs US efforts to reopen the Strait of Hormuz, as the 60-day US-Iran negotiation window ends without a peace deal.
Chennai Super Kings will discuss allegations that team playing XIs were allegedly leaked to bookmakers during IPL 2025 at its September 25 Annual General Meeting. The claims emerged from a Tehelka sting involving former Ranji Trophy cricketer Rachit Bhatia, but the allegations against CSK and the unnamed player have not been independently verified.
Indian professionals seeking US employment-based permanent residency could face waits stretching for decades, with some EB-2 applicants potentially looking at a staggering 179-year wait, according to a new analysis.
Jail authorities have recovered smartphones, SIM cards, Wi-Fi routers, electronic devices and ₹31,000 in cash from the cell of Aftab Ansari, the convicted mastermind of the 2002 American Centre attack, at Kolkata’s Presidency Correctional Home.
