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Zoho plans $700 mn foray into chipmaking, seeks incentives from govt

Semiconductors are a key plank of India's business agenda, with a $10 billion package in place to boost the industry as it hopes to compete with countries such as Taiwan in a few years

Japan's economy contracts, complicating Bank of Japan's rate hike plans

Private consumption, which accounts for more than half of the Japanese economy, fell 0.7 per cent

Sebi open to oversight of cryptocurrencies trade, in contrast to RBI

India has taken a tough stance against cryptocurrencies since 2018, when RBI prohibited lenders and other financial intermediaries from dealing with crypto users or exchanges

HAL Q4 results: Net profit rises 52% to Rs 4,309 cr, revenue up over 18%

Capital goods and manufacturing companies have benefited throughout fiscal 2024 from the Indian government's push for higher capital expenditure. This extended into the fourth quarter

M&M Q4 results: Net profit jumps 31.6% to Rs 2,038 cr on strong SUV demand

Utility vehicles (UV) accounted for more than half of passenger vehicle sales in India, rising 31% year-on-year, according to an industry body

AstraZeneca's anti-Covid drug cuts disease risk in vulnerable patients

The long-acting antibody therapy called sipavibart showed a "statistically significant reduction" in symptomatic Covid-19 cases among immunocompromised patients

Indian steel mills fear surge in Chinese imports after US imposes tariffs

India is already under grave threat of import because all major steel consuming economies are shutting their doors on these steel producing countries, said Alok Sahay, secretary general at ISA

Japan's Honda raises electrification investment to $65 bn through FY30

The company, a relative latecomer to electric vehicles, first had to ensure it could reliably procure batteries and achieve cost cuts

UK tightens scrutiny of all Indian spice imports amid contamination claims

"The use of ethylene oxide is not allowed here and maximum residue levels are in place for herbs and spices," James Cooper, Deputy Director of Food Policy at the FSA

Ukraine risks dragging West into major war with Russia, says Putin ally

President Vladimir Putin's war in Ukraine has touched off the worst breakdown in relations between Russia and the West since the 1962 Cuban Missile Crisis

Microsoft asks 700-800 China staff in AI ops, cloud computing to relocate

Microsoft remains committed to China and will continue to operate there and other markets, the spokesperson said

Switzerland conference on Ukraine futile without Russia, says Kremlin

Russia has previously said it saw no point in a conference being planned by Switzerland to discuss how to end the Ukraine conflict

Chinese EV maker Nio to launch one new car model per year under Onvo brand

Nio said on Thursday it would have a second Onvo model targeting larger families coming up next

Yen higher, dollar squeezed as US inflation eased to its slowest pace

Core US inflation slowed to an annualised 3.6 per cent in April, Wednesday's data showed

Elon Musk scheduled to visit Indonesia for Starlink's launch: Minister

Minister Luhut Pandjaitan, a close ally of President Joko Widodo, said Musk would launch the service on the holiday island of Bali alongside the Indonesian leader

US' decision on import tariffs on China could boost Fed rate cut case

After keeping former President Donald Trump's 2018-19 levies on over $300 billion worth of Chinese imports in place for years, President Joe Biden's administration this week slapped fresh tariffs

Meta restores posts by Malaysian media on PM Anwar's meeting with Hamas

Muslim-majority Malaysia had sent a letter asking Meta to explain the taking down of posts by two media organisations about the meeting

US FDA approves expanded use of Bristol Myers' cancer cell therapy

The Food and Drug Administration's decision marks the fourth approval for Breyanzi, which can now be used to treat patients who have received two or more prior lines of therapy

Monsoon to arrive on May 31; to boost crop output, ease farmers' woes

The monsoon, the lifeblood of the country's $3.5 trillion economy, delivers nearly 70 per cent of the rain that India needs to water farms

Indian bond yields to decline as treasury yields drop post inflation data

Inflation accelerated in the first quarter on strong domestic demand after moderating for much of last year