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Budget 2025: Modi govt to seek to revive growth, ease cost of living

Economists expect the budget to ease the burden on individuals through tax cuts on income and energy products and to build on the $24 billion programme of job creation schemes

Oil posts weekly losses as US ready to impose tariffs on Canada, Mexico

Trump will include a process for Canada and Mexico to seek specific exemptions for certain imports, adding that new tariffs would become effective on March 1

AstraZeneca scraps $558 mn UK investment plans citing cut in govt support

The decision to ditch the development of an existing facility in the Speke area of Liverpool comes at a time when Prime Minister Keir Starmer is pushing hard to drum up investment in Britain

Exxon reports mixed Q4 results with strong production, weak refining profit

Lower corporate costs also enabled the company to beat profit estimates, said RBC Capital Markets analyst Biraj Borkhataria. Earnings from producing gasoline and diesel were $323 million

Euro area 2-year yields set for largest weekly drop since September

Germany's rate-sensitive two-year bond yield, was down 81 basis points (bps) at 2.18% on Friday. It was set to end the week 16 bps lower in its biggest fall since the week of Sept. 23

Key US inflation gauge posts largest monthly rise since last April

The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%. That was the biggest gain in seven months

Chevron posts weak profit as refining biz suffers first loss in four years

Chevron's downstream business lost $248 million in the fourth quarter of 2024, compared with a profit of $1.15 billion in the same period a year ago

Biocon Biologics plans IPO for biosimilars business by Mar 2026: CEO

The company, which has been pushing its IPO plans for the past year, has been waiting to complete the integration of its acquired biosimilars firm Viatris and refinance debt before it goes public

LIC Housing Finance Q3 results: Net profit rises 23% to Rs 1,432 cr

The company's disbursements have been slower than its peers in last few quarters. Earlier this month, PNB Housing's reported a 30% rise in disbursements for the third quarter

Whatsapp alleges Israel's spyware firm Paragon of targeting dozens of users

The official declined to say who, specifically, was targeted or where they were geographically, saying only that targets included an unspecified number of civil society and media figures

Colgate-Palmolive sees weaker annual sales growth on demand slowdown

The company's net sales in Latin America, a major revenue contributing region, fell 7.2 per cent and dropped 1 per cent in North America. On an adjusted basis, its profit of 91 cents per share

Phillips 66 Q4 loss softened by renewable fuels as refining margins fall

On an adjusted basis, the company reported a loss of 15 cents per share in the quarter, compared with the analysts' average estimate of 23 cents loss per share, according to data compiled by LSEG

US prices increases in December amid accelerating consumer spending

The accompanying policy statement did not include the reference to inflation having made progress toward the Fed's 2% target. No rate cut is expected before June

MedPlus Health Q3 results: PAT up at Rs 45.8 cr on strong OTC drug demand

MedPlus continued to benefit from strong sales of products under its private label brands in both the pharmaceuticals and consumer wellness categories

Banks loan growth drops for 6th month in Dec as tighter lending curbs weigh

The data showed that banks' credit increased by 12.4 per cent year-on-year last month, slower than the 15.6 per cent rise in December 2023

OpenAI cites US roots to avoid Indian courts, but lawyers say case holds

Six other lawyers, and submissions of two court-appointed experts in the OpenAI lawsuit, Arul George Scaria and Adarsh Ramanujan, said Indian judges can hear the matter

Fiscal deficit for April-Dec at 56.7% of full-year target, shows data

Net tax receipts for the first nine months of the current financial year were at Rs 18.43 trillion

UPL Q3 results: Net profit at Rs 828 cr on higher agrochemical deman

Revenue from operations rose 10 per cent to Rs 10,907 crore

IndusInd Bank Q3 results: PAT drops 39% to Rs 1,401 cr as provisions jump

The bank's provisions and contingencies, or funds set aside to cover loan losses, jumped 87 per cent to Rs 1,744 crore

Marico Q3 results: PAT rises 4% to Rs 399 crore, revenue jumps 15%

Marico's expenses rose 17.7 per cent to Rs 2,318 crore ($267.54 million) during the third quarter ended December 31