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Alphabet's partnership with AI startup Anthropic under UK scrutiny

Agreements under scrutiny include Microsoft's partnerships with startups such as OpenAI, Inflection AI, and Mistral AI, as well as Alphabet's ties to other smaller companies such as Anthropic and Cohe

P&G records surprise sales drop as demand slows despite price restraint

The company's rivals, including Nestle and Unilever , also reported first-half sales growth below expectations

French cosmetics L'Oreal Q2 sales rise but depressed China market weighs

The Paris-based company, which owns the Maybelline and Lancome brands, said on Tuesday that sales in the quarter reached 10.88 billion euros

Vedanta gets secured creditors' nod for demerger into six companies

Agarwal tried unsuccessfully to take Vedanta private in 2020, his latest attempt to trim down parent company's debt last year by getting its unit, Hindustan Zinc, to buy some of firm's zinc assets

US job openings edge lower in June, labour resilience underpinning economy

Job openings have been steadily declining since hitting a record 12.182 mn in March 2022 as demand moderates in response to the Federal Reserve's aggressive interest rate hikes

Euro zone economy sees slight growth, outlook remains far from rosy

Euro zone economy is quite like water quality of Seine (polluted river in Paris), some days it may look okay but overall it's poor enough to continuously worry about it, ING economist Bert Colijn said

Torrent Power Q1 result: Net profit up 88% at Rs Rs 972 cr on robust demand

Heatwaves and increasing economic activity have resulted in India's electricity generation growing at an average of about 8 per cent annually following the pandemic

Pfizer raises annual profit forecast on strong sales of cancer, heart drugs

The market for pharmaceutical products used in managing Covid-19 has shrunk by billions of dollars a year, including for Pfizer's vaccines and treatments

Sebi proposes measures to curb speculative trading in index derivatives

Sebi also proposed weekly options contracts to be provided on a single benchmark index of an exchange and brokerages to collect option premiums on an upfront basis from their clients

Amid US scrutiny Alaska extends period for Hawaiian Airlines acquisition

Shortages of new planes, jet engines and pilots have spurred US airlines to pursue growth through acquisitions, putting them in the crosshairs of anti-trust regulators

Tesla recalls over 1.8 mn vehicles in US due to software failure risk

The recall applies to certain 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y vehicles, the regulator said

Force Motors Q1 results: Net profit jumps 69% to Rs 116 cr on high demand

Force, which manufactures commercial vehicles (CV), including vans, school buses and ambulances, reported a 27 per cent rise in revenue to Rs 1,885 cr during q1, driven by a 10 per cent jump in sales

Indian Oil Q1FY25 results: PAT plunges 81% to Rs 2,643 cr on low margins

IOC's average gross refining margin - the profit from making refined products from one barrel of oil - fell to $6.39 per barrel from $8.34 per barrel a year ago

Pizza Hut India operator misses Q1 estimates on weak demand, surging costs

India's quick-service chains have been struggling to attract customers amid persistent inflation, which remained around 5 per cent during the quarter

StanChart unveils $1.5 bn share buyback, bets on eco growth at Asian mkts

The property market recovery in China "remained slower than expected amidst government support measures", and the bank continues to monitor its portfolios, Stanchart's Chief Risk Officer said

India's duty cut to revive gold demand after weak June quarter: WGC

Higher purchases in the world's second-biggest gold consumer could support global benchmark prices, which are trading near record highs

Foreign investors unhappy after India restores curbs on some bond purchases

The decision had been made in consultation with the government, the Reserve Bank of India added, but gave no reason

China's leaders vow to step up policy support for boosting economy

"Macro policies should be strengthened persistently and become more forceful," the Poliburo added, according to the official Xinhua news agency

Adani Enterprises to launch first-ever public debt issue to raise Rs 600 cr

The issue should open in mid-August after the final approval, one of the sources said on condition of anonymity

Meta to let users to create custom AI characters through AI Studio

The new tool is built with Meta's Llama 3.1, the biggest version of its mostly free artificial intelligence models