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Oil prices fall as US jobs data dents hope for near-term rate cuts

High interest rates, which tend to dampen economic growth and oil demand, in major economies like the United States and the euro zone appear to be here to stay in the near term

World food price index falls near three-year lows in January, shows data

Global coarse grain output was pegged at an all-time high of 1.523 billion tons, following a 12-million-ton upward adjustment this month

Ahead of elections, Pakistan finalises deal to sell national airline

The government decided to privatise PIA just weeks after signing the IMF agreement

Toyota supplier Denso cuts forecast after Q3 profit hit by extra costs

Denso gets about half of its revenue from the Toyota group, which also includes Toyota truck unit Hino Motors and small-car maker Daihatsu

Exxon Mobil beats estimates, ends 2023 with a $36 billion profit

Profits from oil majors have been down in 2023 by about a third from record levels in 2022, pressured as oil and gas prices retreated after spiking when Russia invaded Ukraine

Amazon stock soars as AI and retail strength power revenue growth

The company joined Microsoft and other tech firms in starting to see results benefiting from their heavy AI investments, while also outlining more spending in 2024 to develop the much-hyped tech

Meta soars after first-ever dividend plan, 'Year of Efficiency' pays off

The company flagged strong ad sales and a rebound in user growth during its fourth-quarter results on Thursday, while also forecasting current-quarter revenue above analysts' estimates

US job growth accelerates in January and wages rise 4.5%, shows data

Average hourly earnings increased 0.6% last month after rising 0.4% in December. In the 12 months through January, wages increased 4.5% after advancing 4.3% in the prior month

India aims to raise up to $2.4 bn selling stakes in state-run firms

Modi's ambition of privatising state-run firms has taken a back seat due to impending elections, but his government has delivered more stake sales than any previous administration

Alibaba considers sale of consumer assets including Freshippo, RT-Mart

Alibaba announced a plan in March to split into six units and explore fundraisings or listings for most of them. It has since filed a Hong Kong listing application for the logistics arm Cainiao in Sep

Paytm wallet business at risk as licence transfer uncertain: Report

For the licence to be transferred back to One 97 Communications, the RBI would have to give fresh approval, which appears difficult under the current circumstances, one of the sources said

US auto safety agency upgrades probe into Tesla power steering loss

The National Highway Traffic Safety Administration (NHTSA)said on Friday the investigation covers about 334,000 Model 3 and Model Y vehicles from the 2023 model year

Delhivery Q3 results: Logistics firm turns profitable, revenue jumps 21%

Consolidated profit for the three months ended Dec. 31 was Rs 11.71 crore ($1.41 million) compared with a loss of Rs196 crore a year earlier, the company said in an exchange filing

Tesla to recall over 2 mn vehicles in US due to warning font size issue

The recall includes nearly all of its models, including Model S, Model X, 2017-2023 Model 3, Model Y, and 2024 Cybertruck vehicles, NHTSA said

Tata Motors Q3 results: Profit rises over 2-fold on strong JLR sales

Consolidated net profit rose to Rs 7,025 crore ($847.7 million) in the three months ended Dec. 31 from a year earlier

Bikaji Foods Q3 results: Profit up 14% on strong demand for packaged sweets

Consolidated net profit stood at Rs 46.62 crore ($5.6 million) for the three months ended Dec. 31, compared with Rs 40.74 crore a year earlier

Intel delays $20 bn Ohio project, citing slow chip market: Report

Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project

JSW Infra Q3 results: Profit doubles to Rs 251 cr on higher cargo volumes

The company's consolidated net profit rose to Rs 251 crore (about $30 million) in the October-December quarter, from Rs 115 crore a year ago, sending the shares up by 4%

IndiGo's Q3 results: Profit doubles to Rs 2,998 cr on strong demand, fares

IndiGo, a low-cost carrier, has India's largest airline fleet of 358 aircraft and commands a market share of over 62%

KFC India operator Devyani posts slow Q3 revenue growth at 7%, costs spike

"Consumer sentiment remains subdued, despite Q3 traditionally being a strong and festive quarter," Chairman Ravi Kant Jaipuria said in a statement. This, coupled with total expenses jumping nearly 16%