Global currency markets are undergoing a significant transition as the US dollar faces consistent downward pressure, driven by lingering uncertainties around US interest rates and the possibility of new trade tariffs, a report said on Friday.

Meanwhile, the Euro and British Pound have gained ground, following timely and aggressive rate cuts by the European Central Bank (ECB) and the Bank of England (BOE), according to Emkay Wealth Management's latest report.

In the Asian context, the Indian Rupee has shown short-term strength, recovering from a recent high of Rs 87.

According to the report, this rebound in Indian currency is partly supported by improved trade data; its durability hinges on the return of foreign capital, expected once US interest rates begin to ease.

As the year unfolds, global markets will continue to track the Fed’s signals and geopolitical shifts.

After facing a global outage for nearly 3 hours, Starlink announced on Friday that the network issue affecting its internet service has been resolved.

On Thursday night, Starlink’s satellite internet service experienced an outage affecting many users worldwide. The issue affected customers across multiple continents, with outage tracking sites showing spikes in North America, Europe, and parts of Asia.

“The network issue has been resolved, and Starlink service has been restored. We understand how important connectivity is and apologize for the disruption,” Starlink, owned by Elon Musk’s SpaceX, shared in a post on the social media platform X.

Musk was also quick to comment on the incident.

"Service will be restored shortly. Sorry for the outage," said Musk on X.

"SpaceX will remedy the root cause to ensure it doesn’t happen again," he added.

Hyundai Mobis, South Korea's leading auto parts maker, said on Friday its second-quarter net profit fell 6.3 percent from a year earlier due to reduced equity gains from affiliates.

Net profit for the three months ended in June declined to 934.4 billion won ($680.8 million) from 997.6 billion won a year earlier, the company said in a regulatory filing, reports news agency.

"A sizable equity gain from Hyundai Motor Co. was reflected in the second quarter of last year, as the carmaker reported strong earnings results," a company spokesperson said.

Hyundai Motor reported a 22 percent on-year decline in second-quarter net profit to 3.25 trillion won, affected by newly imposed U.S. import tariffs that took effect in April.

India's largest automobile exporter Maruti Suzuki India exported over 3.3 lakh units in FY25, the highest ever in any financial year, the company announced on Thursday.

This marked a growth of 17.5 per cent over the previous fiscal. Meanwhile, the country's total automobile exports rose by 19 per cent during this period to over 53 lakh units.

In the first quarter of the current fiscal (Q1 FY26), India's automobile exports rose 22 per cent on-year to about 14.57 lakh units.

Adani Energy Solutions Ltd (AESL) on Thursday reported solid performance for the April-June quarter (Q1 FY26), clocking a profit after tax (PAT) growth of 71 per cent (year-on-year), as EBITDA crossed the Rs 2,000 crore mark, up 14 per cent.

Net profit saw a sharp uptick to Rs 539 crore in the quarter, resulting from a double-digit EBITDA growth, and aided by lower depreciation and lower net tax outgo YoY, the Adani Group company said in a statement.

Driven by growing jobseeker expectations, more than 50 per cent of job postings in India now disclose salary, according to a new report on Thursday.

The report by job portal Indeed, based on job postings published on Indeed India from March 2022 to June 2025, showed that salary transparency is increasingly becoming a common feature in job postings.

In early 2025, the share of job postings that include salary information on Indeed India crossed the 50 per cent mark, up from just 26 per cent in March 2022 and 47 per cent by the end of 2023. This change is largely fueled by job seekers who value clarity, fairness, and informed decisions when exploring opportunities.

But despite continued growth in salary transparency overall, some sectors and roles remain more opaque than others when it comes to disclosing pay information.

“While disclosing pay early is becoming a key advantage in attracting talent, there's still more work to be done to make salary transparency the norm,” said Sashi Kumar, Head of Sales, Indeed India.

India’s edge data centre is projected to expand significantly to 200-210 megawatt (MW) by 2027 from 60-70 MW in 2024, marking a three times increase driven by proliferation of emerging technologies, a report said on Thursday.

The current edge data centre capacity as a percentage of total India’s data centre capacity stands at around 5 per cent, and it is estimated to go up to 8 per cent by 2027, ICRA said in its latest report.

Edge data centres are smaller, decentralised facilities located closer to end-users and devices and, unlike traditional data centres, which are typically large and centralised, they enable real-time data processing with minimal latency.

“Edge data centres differ from traditional data centres in multiple parameters like size, location, scale, time taken to construct, capex cost per MW, distance from end user, etc," said Anupama Reddy, Vice President and Co-Group Head, Corporate Ratings, ICRA.

Apple has recorded a strong 36 per cent year-on-year (YoY) growth in iPhone shipments in India during the first half of 2025 (H1 2025), industry data showed on Wednesday.

The company also saw 13 per cent growth in its iPad segment -- reflecting the growing demand for its latest-generation devices in the country, according to the data, a CyberMedia Research (CMR) report said.

The impressive growth was driven by the popularity of Apple’s newest models. The iPhone 16 series emerged as the top performer, capturing 62 per cent of the iPhone market share in H1 2025, followed by the iPhone 15 series with 30 per cent share.

The iPhone 16e and iPhone 14 series also contributed to the company’s sales, each holding around 4 per cent market share, the data showed.

India's polyvinyl chloride (PVC) pipes and fittings manufacturing sector will see a growth of 10-11 per cent in revenue this fiscal (FY26), led by robust demand from end-user segments and a more stable price environment, a report said on Wednesday.

Manufacturers will see a recovery this fiscal after witnessing a flattish revenue growth in the last financial year, Crisil Ratings said in its latest report.

The uptick in demand is driven by positive momentum in government schemes such as Jal Jeevan Mission, PM Awas Yojna and other construction activities.

“Demand for PVC pipes and fittings has remained robust in recent times, driven by government schemes such as Jal Jeevan Mission and Pradhan Mantri Awas Yojna, which focus on the water supply, sanitation and housing segments,” said Himank Sharma, Director, Crisil Ratings.

The growth will lead to a reduction in manufacturers' high-cost inventory as dealers begin restocking channels and partly wipe out a 130 basis points’ decline in operating margin last fiscal.

Hyundai Motor India Limited (HMIL) has been slapped with a Rs 258.67 crore penalty by the GST and Central Excise authorities for allegedly underpaying compensation cess on certain SUV models between September 2017 and March 2020, the carmaker confirmed on Tuesday.