Page 612 - Bloomberg/reuters

L&T Infotech and Mindtree to merge to create $22-bn firm: Report

The boards of Mindtree Ltd. and Larsen & Toubro Infotech Ltd., two software units, could consider share swap ratios.

Facing public ire, Sri Lanka's President to 'review executive powers'

Expands Cabinet ahead of IMF talks; Mahinda stays on

Twitter stock gains as board plots defense strategy against Musk

The stock rose 3.8% to $46.78 at 1:00 p.m. in New York.

Cash-strapped Pakistan cuts power to households on fuel shortage

Pakistan's energy costs more than doubled to $15 billion in nine months ended February from a year earlier, and it isn't able to spend more on additional shipments

Gold rises to five-week high with growing risks boosting havens

The precious metal climbed as much as 0.8 per cent after capping a second weekly gain.

Alex Jones' Infowars files for bankruptcy amid Sandy Hook lawsuits

Each estimated liabilities of as much as $10 million, according to court filings. Chapter 11 filings allow a business to keep operating while working on a turnaround plan

Communist Party urges support for Xi as anger grows on Covid lockdowns

China is struggling to contain a worsening outbreak that risks weakening growth in the world's second-largest economy and disrupting global supply chains

TCS CEO vows to navigate IT giant through global tumult, attrition

TCS, the largest player in India's $227 billion tech services industry, must deal with a host of challenges, from Covid outbreaks in China that are disrupting supply chains to the war in Ukraine

Cryptocurrency payments are frozen across India, hitting trading

Daily trading volumes on Indian crypto exchanges, which collectively cater to about 15 million people, has tumbled by between 88% and 96% since peaking last year, data from CoinGecko show

Twitter board's interest not aligned with shareholders, says Elon Musk

Musk was responding to a tweet about board members' stock holdings, saying that with the departure of Jack Dorsey, the board "collectively owns almost no shares."

Covid-19: Shanghai unveils business restart plan on supply-chain woes

The lockdown in China's financial hub, now in its third week, has squeezed everything from consumer spending to logistics and production

Tata Steel board to consider split of equity shares on May 3

On May 3, Tata Steel board will also consider the company's quarterly and annual earnings at the meeting along with a dividend payout

Recession risks duel resilience hopes in global economy outlook

BofA reported fund managers were the most bearish they'd ever been about the outlook for growth and JPMorgan Chase & Co. boosted its reserves to insulate itself against an economic deterioration

DiDi Global plans shareholder meeting in May to vote on US delisting

The Chinese government was angered by DiDi's US listing in mid-2021, and days later launched a cybersecurity probe into the firm and forced its services off domestic app stores

Putin's ruble standoff with Europe risks triggering de facto gas embargo

If Russia follows through on its threat to cut off gas supplies to buyers that don't comply, it poses a serious threat for the EU, which gets 40% of its gas from Russia.

Sri Lanka stock exchange to halt for five days from April 18 amid crisis

A Sri Lankan delegation is headed to Washington, looking to secure up to $4 billion from the International Monetary Fund and other lenders

Twitter taps JPMorgan as adviser alongside Goldman to respond to Musk bid

Besides Musk's offer, Twitter has been fielding takeover interest from other parties

China's central bank gives lenders cash boost to spur growth

The People's Bank of China lowered the reserve requirement ratio for most banks by 25 basis points and for smaller banks by 50 basis points, according to a statement published Friday

Starbucks CEO Schultz blasts 'false promises' by past management

Schultz said he realized through the employee sessions that 'there's been many short-term decisions that have had an adverse long-term effect on the company'

Tesla plans to partly resume production in Shanghai plant soon

The plan remains vulnerable to any change in the government's Covid prevention policy, and it will take a while for the company to ramp up fully