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Finance & Markets

India's Business Empires Face a Succession Problem

India is approaching one of the world’s biggest wealth transfers. But passing on billions to heirs is only part of the challenge. Advait Palepu explains why handing over control of the country’s family-run business empires may prove much harder. (Source: Bloomberg)

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Dwindling oil revenue is driving Iran into deeper economic crisis - report

The US's continued efforts to choke Iran's economy appear to be working, although questions over whether financial pressure will suffice for Tehran to concede the Washington's demands remain.

  • Iran's oil revenue dwindles due to US naval blockade
  • Oil exports drop from 90 million to 29 million barrels since July
  • Inflation surges to over 80% year-over-year, IMF predicts 5.4% economic contraction in 2026

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