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India has given over $1 bn to private firms under PLI scheme: Official

The 1.97-trillion-rupee ($24 billion) production-linked incentive scheme (PLI) is India's key industrial policy and covers 14 sectors ranging from electronic products to drones

Nvidia, Alphabet lead market cap surge in March driven by AI enthusiasm

Nvidia's market cap soared to $2.25 trillion at March-end, up 14% from February, while Alphabet's rose 9% to $1.8 trillion

Levi Strauss surges on profit forecast raise as cost cuts pay off

The company has turned to own stores and its website to drive sales as some of its wholesale partners such as department store chains Macy's and Kohl's struggle to attract customers

Disney to start cracking down on password-sharing from June: CEO Bob Iger

Streaming rival Netflix's password-sharing crackdown had helped it add nearly 22 million subscribers in the second half of 2023 and shatter Wall Street expectations

RBI delays implementing rules on exchange-traded derivatives till May 3

"In view of feedback received and recent developments, it has been decided that these directions will now come into effect from Friday, May 03, 2024," RBI said

Tesla begins making cars in Germany for export to India this year

Under the new Indian policy, companies can import up to 8,000 cars a year at the lower tax rate

PM Modi sets ambitious India economic goals for probable third term

For the next six years, Modi's goal is to raise per capita income to $4,418 from around $2,500, the document says, without specifying the spending or reforms needed to achieve that

Boeing paid $160 mn in compensation after MAX 9 grounding, says Alaska Air

"Although we did experience some book away following the accident and 737-9 MAX grounding, February and March both finished above our original pre-grounding expectations," Alaska said

Financials, IT power stocks to record closing high before RBI rate decision

While the rate pause is a given, RBI's commentary on the inflation outlook will be crucial, especially for consumer stocks, said analysts

Govt bond yields little changed ahead of Friday's key interest decision

The benchmark 10-year bond yield ended at 7.0934%, following its previous close of 7.1030%

US layoffs surge 7% to reach 14-month high amid govt, tech cutbacks

Tech industry continued to outpace other sectors in jobs cuts through the first quarter of this year

Microsoft, Quantinuum claim breakthrough in quantum computing: Details here

Microsoft said it plans to release the Quantum computing technology to its cloud computing customers in the coming months

Dabur flags sluggish demand in Q4, indicates slowing revenue; shares drop

Its shares fell 4.5 per cent after the news, and were on track for their worst day since May 2023. The stock was also the top drag on the FMCG index, which slipped 0.2 per cent

Meta-owned WhatsApp back online after brief global outage: Details here

The WhatsApp outage had impacted thousands of users in India, the United Kingdom and Brazil, according to Downdetector data

Recent volatility won't affect rupee's exchange rate, say bankers

To impact spot prices, the size of the option position being unwound has to be significant, a treasury official at a private sector bank said

Anil Agarwal-led Vedanta Group to raise $300 mn through debt securities

The Indian miner raised funds via non-convertible debentures thrice in fiscal year 2024, the latest being in December last year for 3,400 crore rupees

Rupee to rise modestly against dollar in next three months, shows poll

That stability has been largely driven by the RBI's continued intervention in FX markets. Its foreign exchange reserves recently hit a record high of $642.63 billion

Paramount to enter into exclusive merger talks with Skydance: Report

Paramount's shares surged nearly 15% on Wednesday after The Wall Street Journal first reported the exclusive negotiations with Skydance

Tata group's Vistara could cut flights amid pilot shortage: Report

The cancellations and delays forced India's civil aviation ministry to intervene and monitor the situation, while the aviation regulator has sought daily information on flight disruptions

India aims for 1st strategic petroleum reserve with pvt company by 2029-30

So far, India has allowed only partial commercialisation for its three existing SPRs in southern India, which have a combined capacity of 36.7 million barrels