Page 27 - Bloomberg

Nvidia's profit increases 211% as AI boom powers chipmaker's growth

Nvidia highlighted diversification beyond hyperscalers as it posted soaring profits amid rising AI chip competition

Citigroup Inc sees IPOs hitting fresh records despite challenges

For foreign investors looking at India, interesting themes include the country's positioning in AI

$4 billion Jio IPO hits roadblocks on impact of West Asia conflict

Reliance Industries has reportedly slowed preparations for the potential IPO of Jio Platforms amid market volatility and geopolitical tensions linked to the Iran conflict

US manufacturing growth hits 4-year high as Iran conflict fuels stockpiling

The figures show how manufacturing is getting a temporary boost from the conflict, which has upended supply chains and driven energy and other costs sharply higher

Sajjan Jindal's JSW Motors secures ₹8,000 crore SBI funding for EV push

SBI will partly fund JSW Motors Ltd.'s 'greenfield manufacturing facility' in Maharashtra, and may sell down part of the exposure to other lenders in the event of demand in the secondary loan market

Iran reviewing Trump's latest proposal as clock ticks on ceasefire

Iran gave no indication of when it would respond to the US and reiterated it wants a commitment that fighting will end 'on all fronts, including Lebanon'

RBI weighs all options including rate hike, forex swaps to stabilise rupee

The next scheduled monetary policy decision is on June 5, although the RBI has previously made an out-of-cycle adjustment in May 2022

India's IPO market expected to hit fresh records despite challenges: Citi

Citigroup's India head of investment banking, Rahul Saraf, said more deals should emerge as multinationals reassess portfolios and divest non-core assets

Trump renews pressure as Iran warns retaliation may spread beyond West Asia

The US has insisted Iran surrender any plans for nuclear enrichment and reopen the Strait of Hormuz to commercial traffic - demands Tehran is refusing

Ebola outbreak likely started months ago, spread undetected in Africa: WHO

First confirmed death took place April 20, and experts used social media posts to reconstruct the recent progress of the virus after the super-spreader event on May 5

US seeks to boost energy exports to India as Iran war disrupts supplies

India is struggling with an energy crisis caused by the nearly three-month-long war against Iran that the US and Israel launched in late February

Govt prepares to send oil tankers through Strait of Hormuz for new supply

India wants to continue importing energy from its traditional West Asia oil producers because supplies from alternate sources would take a longer time to reach the country

Standard Chartered CEO reassures staff after 'lower-value human' backlash

Bill Winters' remarks on using artificial intelligence to replace 'lower-value human capital' triggered a sharp backlash on social media

Samsung reaches tentative labour union deal, averting crippling strike

Samsung Electronics reaches tentative wage deal with union, easing fears of major semiconductor supply disruptions

Edelweiss MF unveils second SIF offering; Parle confusion lifts stock

Edelweiss Mutual Fund launched its second specialised investment fund offering, while shares of Parle Industries surged after traders mistook it for the maker of Melody toffees

Trump flexes grip over GOP with Massie's defeat in Kentucky primary

A former Navy SEAL and farmer, Gallrein, 68, is a relative newcomer to politics. He ran a low-key campaign by refusing to debate Massie and generally avoiding the press

Barclays to name Nikhil Jha India diaspora banking head in Singapore

Jha, serving gardening leave at Bank of Singapore Ltd., will start at the British bank in July in the city-state, said the people, who asked not to be named because the information is private

Global investors expect rupee to weaken further with 100 in sight

The rupee was already under pressure before the West Asia conflict began, weighed down by widening external balances and foreign fund outflows

OpenAI founding member Andrej Karpathy joins Anthropic for research

Karpathy, a prominent figure in the artificial intelligence industry, previously helped lead the team behind Tesla's Autopilot system before returning to OpenAI

Asian countries tighten precautions against Ebola after WHO declaration

Several govts have expanded screening and reporting requirements for travelers arriving from affected countries, though officials say no cases have been publicly confirmed in Asia