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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.

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

Elon Musk's 'free speech' Twitter risks scaring off advertisers

Musk lobbed his $43-bn takeover offer for Twitter with the intent of unlocking its potential to be the 'platform for free speech around the globe'

Singapore taps finance chief Lawrence Wong as heir apparent to PM Lee

Wong entered the political fray in 2011 holding various positions in the defense, communications and information ministries. Since then, he's been instrumental in Singapore's pandemic response

More Chinese cities look to lockdown as coronavirus outbreak spreads

Shanghai, home to the world's largest port and large parts of China's financial markets including the stock exchange, remains under a strict lockdown

Ukraine war: Russia's sunken warship dents its pride and capabilities

The outcome is an embarrassment for Russia and a win for Ukraine

Apple readies M2 chips for next-generation Macs, including Air and Pro

The company is testing at least nine new Macs with four different M2-based chips -- the successors to the current M1 line -- with third-party apps in its App Store

Sri Lanka seeks immediate funds as aid talks shift to Washington

In the absence of revenue from tourism, Sri Lanka has in recent times turned to countries including China and India for support amid a weak foreign-reserves position