Page 296 - Bloomberg/reuters

Federal Reserve in no rush to cut interest rates, says Jerome Powell

In prepared testimony to a House panel Wednesday, the Fed chief said it will likely be appropriate to begin lower borrowing costs "at some point this year," but made clear they're not ready yet

Google, Walmart gain fintech users from India as Paytm faces restrictions

Paytm's decline suggests consumers are moving usage to alternative services even before any disruption to its systems

Adani Group in discussions to offer $1.2 billion more bonds by June

The company is discussing the planned transaction with arrangers and bankers

India remains cautious on contracted Russian oil as new US sanctions bite

The three refiners had been in talks with Russia's Rosneft PJSC to secure about 500,000 barrels a day - equivalent to a third of India's daily imports

OpenAI hits back at Elon Musk's lawsuit, says 'sad it's come to this'

Musk is suing for breach of contract, breach of fiduciary duty and claims of unfair business practices, among other grievances

Tesla CEO Musk meets with Trump as former president seeks 2024 donors

Musk is the world's third richest man but has not been a major political donor, especially considering the size of his fortune, estimated at $192 billion

Global index inclusion inflows help Indian Rupee buck EM currency losses

India's currency is likely to appreciate to 81 per dollar by end-December from around 82.9 on Tuesday, according to Credit Agricole SA and TD Securities

'Private credit returns will be pressured by banks as competition rises'

As banks compete harder to win big deals, recent private credit loans have priced at some of the tightest spreads on record, according to data compiled by Bloomberg

Paytm will overcome regulatory setbacks, says Vijay Shekhar Sharma

Despite the setbacks, Sharma said he values the role regulators play in creating a healthy environment for startups in India

Foxconn dismisses finance chief Junhong, chairman Zheng to take his place

In a separate filing on Tuesday, FII said it has no material information that should be disclosed regarding the share price swings

AI startup Anthropic challenges OpenAI and Google with new chatbot

Dario Amodei, Anthropic's chief executive and co-founder, said the new technology, called Claude 3 Opus, was particularly useful when analysing scientific data or generating computer code

Microsoft, Walmart help Israeli VC Team8 raise $500 mn to support startups

Moody's Corp. and Temasek Holdings Pte also backed the three new funds and follow-on funding that brings Team8's assets under management to more than $1 billion

Visa, Western Union expand their partnership to more than 40 nations

Past iterations of the partnership focused on serving consumers in North America and Europe, said Chris Newkirk, Visa's head of commercial and money-movement solutions

Apple on track to collide with EU as new Digital Markets Act kicks in

The world's most ambitious digital regulation is being closely watched by other nations, including Japan, South Korea, Turkey and the UK, which are contemplating their own versions

Blackstone's giant real estate arm wants to double warehouses in India

Blackstone's real estate trust for wealthy individuals just resumed allowing customers to pull money without constraints after limiting withdrawals for about 15 months to avoid forced selling

Tata Sons may fetch valuation up to $96 billion in IPO, says Spark

Based on a peak valuation of $96 billion, even a 5% stake in the company would still be worth more than Life Insurance Corp of India's $2.7 billion IPO in 2022

RBI urges state refiners to make payments for some oil imports in Rupees

India is the world's third-largest crude importer and is forecast to be the leading driver of global consumption growth this decade

Reliance-Disney merger likely to capture 50% of India's streaming market

Last month, Reliance agreed to acquire Disney's India business, creating an $8.5 billion media giant ranging from film and television production to news and sports content.

Ather Energy picks HSBC, JPMorgan, Nomura, Indian banks to arrange its IPO

Tarun Mehta and Swapnil Jain founded Ather in 2013 after graduating from the Indian Institute of Technology Madras

Boeing, Spirit AeroSystems audit finds 'multiple' quality lapses: FAA

The shortfalls were found at both Boeing and Spirit AeroSystems Holdings Inc., which makes most of the 737's fuselage, the Federal Aviation Administration said a statement on Monday