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PoliticsPhoto: The Hindu

Bombay HC Orders Goa Nightclub Owners to Pay ₹20 Lakh Interim Compensation

The Bombay High Court ordered Saurabh Luthra and Gaurav Luthra, owners of a Goa nightclub, to each deposit ₹20 lakh as interim compensation for families of 25 people killed in a 2025 fire at their club in North Goa. The fire occurred during a party with indoor pyrotechnics, killing 20 staff and 5 guests. The Luthra brothers fled to Thailand but were deported and jailed in Goa.

The Hindu··Arpora

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BusinessPhoto: Firstpost

Zoho Founder Apologizes, Freezes Pay Hikes Amid Rising AI Costs

Zoho founder Sridhar Vembu announced no salary increases this year due to soaring AI-related expenses and a fourfold rise in server costs. He warned of a bleak outlook for software jobs and dismissed universal basic income as a dystopian idea. Vembu apologized for the decision, highlighting the financial pressures facing the company.

Firstpost·

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BusinessPhoto: Hindu Business

ADNOC Eyes More Long-Term LPG Deals with India, Key Energy Market

ADNOC supplied over 500,000 barrels of crude daily to India in 2025, accounting for nearly 10% of India's crude imports. The company is working with ISPRL to expand storage capacities for crude oil, LNG, and LPG, including strategic reserves, highlighting India's importance as a major energy market.

Hindu Business·

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BusinessPhoto: ET Markets

Asian Shares Fall as Chip Stocks Drop Ahead of US Earnings

Asian stocks declined following Wall Street losses, with the MSCI Asia Pacific Index down 0.3% and South Korean equities falling over 3%. US chipmakers' shares dropped, including SK Hynix (-4%), Sandisk (-6%), and Micron (-3.9%), after Chinese rival CXMT advanced in memory-chip design. Meta Platforms rose over 3% after unveiling its Muse Wonder AI. Brent crude fell 0.6%, and the dollar remained strong amid cautious investor sentiment on AI and capital spending.

ET Markets·

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BusinessPhoto: News18Hi Business

Reena Devi's Goat Farming Grows from 1 to 60 in 4 Years

Reena Devi from Manpur block in Gaya started goat farming with one goat brought from her maternal home. Over four years, her herd has grown to about 60 goats. This business has earned her between 2.5 to 3 lakh rupees, enabling her to support her family well.

News18Hi Business··Gaya

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BusinessPhoto: TOI Business

HCLTech Q2 Revenue Rises 2.2%, Narrows FY27 Growth Guidance

HCLTech reported a 2.2% year-on-year increase in dollar revenue to $3.7 billion for Q2, with a 2% sequential rise. EBIT margin improved to 18.2%, up 131 basis points sequentially. Services revenue grew 3%, including $50 million from advanced AI. The company narrowed its FY27 revenue growth forecast to 2.5%-4% and services growth to 3%-4%, maintaining midpoints amid market volatility, said CEO C Vijayakumar.

TOI Business··Mumbai

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