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Inflation data 'concerning': Fed chair Warsh signals rates may need to rise

August 29, 2026

Federal Reserve Chair Kevin Warsh has signaled that interest rates might rise in the near future, given that inflation continues to far exceed the central bank’s two percent goal. He raised concerns about the persistent underlying price pressures, which have not shown significant improvement. This news prompted bond markets to adjust their forecasts, indicating a...

India's hotel sector likely to gain momentum in H2FY27 on strong leisure demand

August 29, 2026

India’s hotel sector anticipates stronger growth in the second half of fiscal year twenty twenty seven. Robust domestic leisure demand and recovering corporate travel will support this positive outlook. International travel is also expected to improve, aiding overall industry performance. Limited new hotel supply will help maintain room rates and revenue per available room. Industry...

US job data: Labor dept lowers employment growth by 79,000, private sector cut by 178,000

August 29, 2026

In a recent update from the Bureau of Labour Statistics, US employment growth forecasts have been lowered for the year concluding in March 2026, with a preliminary adjustment indicating a net decrease of 79,000 jobs. Notably, the private sector experienced a more significant decline of 178,000 roles, stemming from a comparison of initial estimates against...

Oil prices today: Crude heads for weekly losses as Hormuz flows remain choppy

August 28, 2026

Oil prices remained largely steady on Friday. Both Brent and WTI benchmarks were set for sharp weekly declines. Stalled US-Iran diplomatic talks and uneven Hormuz crude flows influenced traders. India’s MCX crude futures also traded lower on Friday. Market sentiment shifted as economic sanctions replaced military pressure.

Govt achieves 78% of FY27 disinvestment, asset monetisation target in 5 months

August 28, 2026

The government has raised over Rs 62,000 crore through disinvestment and asset monetisation. This figure represents 78% of the full-year budget target for FY27. The Life Insurance Corporation stake sale contributed significantly to these proceeds. Other public sector entities also saw stake dilutions by the government. The strategic sale of IDBI Bank is currently being...

Why India and China are betting on the Northern Sea Route & why it matters

August 28, 2026

India’s interest in the Northern Sea Route is being shaped by two factors: its commercial potential and the need to broaden trade connectivity. The NSR also offers a clear geographical advantage on certain Asia-Europe trade lanes.

Jio Platforms gets Sebi nod for $3.8bn IPO, potentially India’s biggest listing

August 28, 2026

Jio Platforms secured Sebi approval for its substantial $3.8 billion initial public offering. This significant approval paves the way for India’s potentially largest stock market listing. The company plans to offer new shares, raising approximately $4 billion for its operations. Proceeds will primarily be used to reduce debt at its telecom unit, Reliance Jio Infocomm....

India's forex reserves hit all-time high of $729.33bn after $12.42bn jump

August 28, 2026

India’s foreign exchange reserves reached an all-time high of $729.328 billion. This surge marks eight consecutive weeks of significant increases in reserves. Foreign currency assets and gold holdings were the primary drivers of this substantial rise. Measures to attract overseas dollar inflows contributed to the record accumulation of reserves. The Reserve Bank of India’s interventions...

IndiGo Ventures invests in Sarvam to enhance Artificial Intelligence in aviation

August 28, 2026

IndiGo Ventures is investing in Sarvam, an Indian AI company. This investment supports Sarvam’s Series B funding round. The partnership aims to enhance customer experience and operational workflows. Both companies will develop AI applications for a modern airline infrastructure. This collaboration seeks to accelerate innovation and maximize stakeholder value.

Will carefully consider AI’s capital request: SIA

August 28, 2026

SIA made its stand clear after a Singapore opposition MP Kenneth Tiong opposed using state investor Temasek’s funds to meet AI request for more fund infusion from its twin promoters. Since Temasek owns most of SIA, the opposition Workers’ Party legislator said in a social media post Wednesday AI’s request was “not only a question...

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Daily WA Online is an independent news and media platform covering Western Australia. Owned by TMFS International Pty Ltd., we publish local stories, business insights, lifestyle features, and community voices for the digital era.

35-year-old Muzamil Ahmed was boarding a flight to Saudi Arabia, arrested at JFK over alleged $250 million senior gold scam in Texas

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Business

Inflation data 'concerning': Fed chair Warsh signals rates may need to rise

India's hotel sector likely to gain momentum in H2FY27 on strong leisure demand

US job data: Labor dept lowers employment growth by 79,000, private sector cut by 178,000

Oil prices today: Crude heads for weekly losses as Hormuz flows remain choppy

Govt achieves 78% of FY27 disinvestment, asset monetisation target in 5 months

Why India and China are betting on the Northern Sea Route & why it matters

Jio Platforms gets Sebi nod for $3.8bn IPO, potentially India’s biggest listing

India's forex reserves hit all-time high of $729.33bn after $12.42bn jump

IndiGo Ventures invests in Sarvam to enhance Artificial Intelligence in aviation

Will carefully consider AI’s capital request: SIA

Latest News

35-year-old Muzamil Ahmed was boarding a flight to Saudi Arabia, arrested at JFK over alleged $250 million senior gold scam in Texas

US moves to restrict birthright citizenship for children of foreign government employees: All you need to know

At least 22 killed in fire at wedding party in Congo’s Kinshasa

Tech entrepreneur with Hollywood connections wanted by FBI after $35 million fraud. Who is fugitive ex-CEO Bernhard Fritsch?

'Second chance': Chimps used in hepatitis B experiments get comprehensive health checks in Liberia

Eight-time Grammy winner Art Garfunkel says Trump presidency has him considering leaving US: 'I don't like America's position at all'

At least 22 killed in fire at wedding party in Congo’s Kinshasa

Tech entrepreneur with Hollywood connections wanted by FBI after $35 million fraud. Who is fugitive ex-CEO Bernhard Fritsch?

'Second chance': Chimps used in hepatitis B experiments get comprehensive health checks in Liberia

Stay in the loop

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35-year-old Muzamil Ahmed was boarding a flight to Saudi Arabia, arrested at JFK over alleged $250 million senior gold scam in Texas

US moves to restrict birthright citizenship for children of foreign government employees: All you need to know

At least 22 killed in fire at wedding party in Congo’s Kinshasa

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