Page 118 - Reuters%20

Mahanagar Gas Q4 results: Profit dips 4.8% on rising costs, higher volumes

The state-backed natural gas distributor reported a profit after tax of 2.52 billion rupees ($29.9 million) for the quarter ended March 31, down from 2.65 billion a year earlier

Tata Motors shareholders approve plan to split into two listed companies

The proposal, which would give the shareholders equal stakes in both the listed entities, was approved with 99.9995% of votes, it said in an exchange filing

HPCL Q4 results: Profit rises 18% on stronger marketing, refining margins

India saw mixed demand for fuel in the January to March quarter, with overall demand falling in two of the three months and LPG demand rising for the most of the fourth quarter

AMETEK to acquire FARO Technologies in deal valued at $920 million

Under the agreement, AMETEK is offering $44 per share in cash, representing about a 40 per cent premium to FARO's last close. The equity valuation pegs FARO's market value at $846 million

Radico Khaitan Q4FY25 results: Net profit rises 71% on strong demand

The company reported a 71% rise in consolidated net profit at 920.7 million rupees (about $11 million) for the three months ended March 31

Oil prices rebound nearly 3% after drop, but oversupply fears weigh

The return of Chinese market participants after a five-day public holiday since May 1 was also seen supporting prices on Tuesday

Dollar under pressure as fading trade hopes boost rise of Asian currencies

The dollar was last down 0.5% on the Japanese yen at 142.99, and also lost ground versus European currencies with the euro and pound both up 0.2% at $1.1341 and $1.3328 respectively

With lower oil prices, Putin is more eager to settle Ukraine war: Trump

The price of oil, which drives the Russian economy has fallen around $15 a barrel since the start of the year

EU to set out plan for phasing out Russian gas deals, existing contracts

The EU has a non-binding aim to end its reliance on Russian fossil fuels by 2027, which it set after Moscow's 2022 full-scale invasion of Ukraine

US seeks Google ad-tech breakup after judge finds illegal monopoly

The judge set a September trial date on Friday, after hearing from Google and the DOJ on potential remedies for the company's dominance in ad tools used by online publishers

India's IPO market loses steam as global jitters, tensions deter investors

Avanse Financial and Anthem Biosciences are among firms, including LG's India unit, set to delay IPO plans amid weak market sentiment, according to investment bankers

Global stocks drift, dollar steadies as focus shifts to Asian currencies

In Asia, focus shifts to currencies after Taiwan dollar's surge, sparking speculation of regional FX revaluation to secure US trade concessions

China's services growth hits 7-month low as tariffs bite, PMI drops to 50.7

Despite stronger-than-expected economic growth in the first quarter, supported by government stimulus, China's economy contends with persistent deflationary risks

US lawmaker targets Nvidia AI chip smuggling to China with new bill

Both President Donald Trump and his predecessor, Joe Biden, have implemented progressively tighter export controls of Nvidia's chips to China

Shein, Temu ramp up digital advertising in UK, France as US tariffs hit

Shein boosted spending 35 per cent in France and the UK, while PDD Group's Temu increased by 40 per cent and 20 per cent month-over-month

Big four accounting firm PwC to lay off about 1,500 employees in US

The workforce reduction equates to approximately 2 per cent of our US firm, the spokesperson said

Trump's tariff order on foreign movies leaves film industry flummoxed

Slapping levies on an industry like film would mark a major extension of tariffs as a policy tool into services, for which the US runs a sizable trade surplus

US seeks to weaken global development finance efforts, shows UN document

With ongoing changes at the World Bank and International Monetary Fund in the fight against climate change already facing pushback from U.S. Treasury Secretary Scott Bessent

Trump orders 100% tariff on foreign-made movies to save 'dying' Hollywood

All major media companies, including Walt Disney, Netflix and Universal Pictures, film overseas in countries such as Canada and Britain

Wall Street opens lower after Trump's fresh tariffs; Fed meet on tap May 5

Focus remained on the Fed's monetary policy decision later this week