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JPMorgan leaves CEO Jamie Dimon's total compensation at $34.5 mn for 2022

JPMorgan Chase & Co. kept Chief Executive Officer Jamie Dimon's total compensation at $34.5 million for his work in 2022, a year in which the firm's profit fell by almost a quarter

Twitter tells Asia HQ staff to clear desks, WFH as Musk pares expenses

Twitter staff were informed via email Wednesday that they had until 5 p.m. to leave the CapitaGreen building and resume their duties remotely from Thursday

US inflation cools again to 6.5%, gives Fed room to downshift on rates

The overall CPI fell 0.1% from the prior month, with cheaper energy costs fueling the first decline in 2 1/2 years. The measure was up 6.5% from a year earlier

Tata Group planning to set up EV cell-manufacturing operations in Europe

Tata is finalizing plans and will announce details soon, he said, declining to disclose the location of the facility and a time frame

Centre ready to test green bond market with debut $2 billion sale

India is putting its first sovereign green bond on the radar of some of its biggest domestic asset managers, including state-run insurers and pension funds as well as foreign investors

Electric cars getting too big and bulky, warns US safety regulator

Homendy called out General Motors Co.'s GMC Hummer EV as a particularly egregious example of the trend toward bigger, heavier vehicles, noting it tips the scales at more than 9,000 pounds

Why did the world's biggest ship choose to skip Indian ports completely?

Poor shipping connectivity has hindered India's integration into the global value chain, according to a RBI report in 2022. The country scored 34% in the GVC participation index

Maharashtra top performer on finances, social indicators, finds study

The rankings, released by CareEdge also painted a favorable picture of Gujarat, while India's most industrialised state of Tamil Nadu ranked third with an edge in social and governance categories

India's EV battery challenge to China hampered by lithium, copper crunch

India has only a fraction of the raw materials needed to satisfy domestic demand for lithium-ion batteries - forecast by Crisil to grow 100 fold by 2030 - let alone produce on a global scale

Garuda Indonesia to Ibera: The world's most punctual airlines in 2022

Eurowings was the worst performer in the top 20 when it came to cancelations, with 3.49% of its flights scrapped

China's population likely declined last year as births hit new low

The government's official data for total number of births in 2022 - expected to be released next week - will probably show a record low of 10 million, according to independent demographer He Yafu

Satya Nadella takes aim at Google, discusses $10 bn investment with OpenAI

Chief Executive Officer Nadella is looking to step up that relationship as Google, which has long been essentially untouchable in search, suddenly appears vulnerable

Microsoft betting $10 billion on viral AI bot ChatGPT, says report

ChatGPT has lit up the internet since launching at the end of November, gathering its first million users in less than a week

Rolls-Royce heralds 'momentous year' as sales exceed 6,000 for first time

A 'single-digit' drop in sales was recorded in China due to 'ongoing headwinds' but this was "successfully counterbalanced by increased sales in other markets" said the car maker

Manchester United, Liverpool may be buyout targets for Qatar fund

Manchester United shares have been on a strong run since last July when they were trading at only $10.41. They closed yesterday at $23.11

Amazon plans to shut three UK warehouses; 1.2K likely to lose jobs

Amazon is adjusting to a slowdown in online shopping after consumers resumed their pre-pandemic retail habits

World Bank cuts 2023 economic growth forecasts, warns of global recession

Spillovers from a period of pronounced weakness in the US, China and the European Union are exacerbating other headwinds faced by poorer nations

Govt likely to consolidate fiscal deficit to 5.9% of GDP in FY24: Goldman

The government aims to shrink the gap to below 4.5% of GDP by 2025-26

Byju's seeks more time from lenders to renegotiate $1.2 billion debt

Byju's is scrambling to appease creditors and investors already concerned about mounting losses at the once high-flying startup

Insured losses hit $120 billion as extreme weather upends industry norms

Insured losses of more than $100 billion a year are the new normal. That's a major departure from industry norms of less than two decades ago