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A lone self-service ATM standing in a quiet, empty bank lobby with no teller in sight

Business

HDFC Bank Shed 3,343 Jobs Even as Its Loan Book Kept Growing

HDFC Bank's branches, loan book and profit all grew in the year to March 2026. Its headcount fell, for the first time in five years of disclosed filings.

July 12, 2026

The bow of an oil tanker seen from the deck, sailing toward the horizon on open blue water under a partly clouded sky

Business

Why India's Sailors Still Face a War Its Oil Trade Has Mostly Escaped

India has rerouted roughly 70% of its crude imports away from the Strait of Hormuz. Its sailors, about one in eight of the world's seafaring workforce, are still crewing ships through the war zone regardless of whose cargo is on board.

July 12, 2026

Aerial view of the lush green Sahyadri (Western Ghats) mountains near Pune, Maharashtra, with heavy monsoon clouds hanging over the ridgeline

Science

A Light Monsoon Day Can Lose Four-Fifths of Its Rain to Dry Air

Scientists have finally measured how much of India's monsoon rain evaporates in midair rather than landing. On the driest days, drier air can erase most of the rain that a cloud actually produced.

July 12, 2026

Aerial view of a large oil tanker at anchor in open water

Business

Most of India's Crude Oil No Longer Sails Through Hormuz

India's oil supply has been leaving the Gulf for years. By June 2026, Russia alone supplied more of India's crude than the entire Middle East did three years earlier.

July 12, 2026

A data centre server aisle with steel server racks and a monitoring workstation

Business

India Is Spending Far More on Data Centres Than the Market Is Worth

Government and industry trackers count tens of billions already committed to India's data centres. KPMG's own model values the market they are meant to serve at under $7 billion five years out.

July 11, 2026

A modern corporate office tower with a geometric glass and concrete facade against a clear sky

Business

Cognizant's US Business Runs on the Visas Washington Is Now Investigating

A new federal task force is investigating fraud in the H-1B and PERM visa programs, and its inspector general named Cognizant specifically. The company's own filings show why it has more riding on that inquiry than the assumption that Indian IT firms would sit this crackdown out.

July 11, 2026

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