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Amazon doubles down on AI startup Anthropic with $4 billion investment

The e-commerce company's increased investment in Anthropic underscores the billions of dollars funneled into AI startups over the past year

Global lenders may freeze fresh credit to Adani firms, await govt reaction

The banker said most of the group firms have stable cash flows and are not in "desperate need" to raise capital

Advent agrees to sell Manjushree Technopack to PAG for nearly $1 billion

With the signing of the sale, Advent will withdraw the IPO application from Sebi, said one of the sources

UK regulator considers probe into Apple's, Google's mobile browsers

The CMA's independent inquiry group also proposed that no further action be taken on cloud gaming given primary concerns had been addressed

ArcelorMittal delays green capex in EU, cites regulatory uncertainties

"We are operating in a difficult market, and there are a number of policy uncertainties that are impacting the industry," the company said in an emailed statement

Donald Trump granted permission to seek dismissal of hush money case

Bragg's office said they would argue against dismissal, but agreed Trump deserved time to make his case through written motions

HSBC stops processing all Russia, Belarus payments for retail customers

A message sent from the bank to its personal banking customers and seen by Reuters said the lender has 'made the decision to stop processing payments' from the two countries

Sebi proposes more diversified ownership of equity clearing corporations

A clearing corporation is responsible for the confirmation, settlement and delivery of trades

Honeywell to sell PPE biz to Protective Industrial Products for $1.33 bn

A potential sale of the PPE business was disclosed before activist Elliott Investment called for a split of the company's aerospace and automation businesses after taking a $5 billion-plus stake

Bosch plans to slash 5,550 jobs in latest blow to German auto sector

Bosch, the world's biggest car parts supplier, said it is planning to cut 3,500 jobs by end-2027 in its cross-domain computer solutions division

Forex reserves see sharpest weekly drop on record, hit over four-month low

The reserves fell by $17.8 billion in the week of Nov. 15 - the most since available data starting 1998 - to $657.89 billion, data from the Reserve Bank of India (RBI) showed on Friday

Hypersonic missile strike on Ukraine was a warning to reckless West: Russia

Kremlin spokesman Dmitry Peskov was speaking a day after President Vladimir Putin said Moscow had fired the new missile

India to offer $4-$5 bn incentives to boost electronics, cut China reliance

India's electronic production has more than doubled in the last six years to $115 billion in 2024

Adani Group faces funding concerns after US indictment against founder

Research firm CreditSights highlighted refinancing for the conglomerate's green energy business, which is at the centre of the allegations, as its biggest near-term concern

RBI asks some lenders to reduce speculative positions against rupee

While the RBI has previously stopped banks from adding long positions on the dollar-rupee, they have not asked them to cut positions in recent years

Indian banks' credit risk from Adani exposure seems contained: JPMorgan

Adani Group has said the accusations are baseless and that it will seek all possible legal recourse

European companies cut jobs amidst difficult economy, weak demand

Companies across Europe are being forced to freeze hiring or cut jobs on difficult economy and persistent weak demand for many products

UK retail sales plunged more than expected before new govt's budget: ONS

A monthly rise in sales in September was also revised down to 0.1 per cent from a previous estimate of a 0.3 per cent gain

Global banks weigh halting fresh credit to Adani Group after US indictment

The most likely liability facing the banks is civil liability from investors introduced to Adani through the banks

Rupee falls below 84.50/$ for first time on dollar strength, outflows

The gains paused earlier in the week but restarted on Wednesday due to heightened geopolitical risks and after the Federal Reserve officials signalled caution on rate cuts