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CCI's ruling can force rollback of features, hurt business, warns Meta

The CCI has imposed a fine of $24.5 million and a five-year ban on the data sharing practice in India, the biggest market for Meta where it has more than 350 million Facebook users

Wells Fargo profits rise on strong investment banking performance

The US Federal Reserve imposed a $1.95 trillion asset cap in 2018 that prevents Wells Fargo from growing until regulators deem it has fixed failings in its governance and risk management

Goldman Sachs profit surges as investment banking, trading fuel Q4 growth

Profit rose to $4.11 billion, or $11.95 per diluted share, for the three months ended Dec. 31, compared with $2.01 billion, or $5.48 per diluted share, a year ago

Kashmir's saffron farmers experiment indoor cultivation amid climate change

Experts say rising temperatures and erratic rainfall pose a risk to saffron production, which has dropped from 8 metric tons in the financial year 2010-11 to 2.6 metric tons in 2023-24

Gaza ceasefire still elusive as negotiators try to hammer out deal

During months of on-off talks to achieve a truce in the devastating 15-month-old war both sides have previously said they were close to a ceasefire only to hit last-minute obstacles

Saved millions from losing jobs: US Treasury defends Biden's Covid spending

While the US economy had done "remarkably well" in the aftermath of the pandemic, it outperformed other advanced economies and did better than in past recessions, Yellen said

Rupee rebounds after falling to lifetime low, US inflation data in focus

The currency had declined to an all-time low of 86.6475 in the previous session. It recovered on Wednesday, helped by the dollar index's retreat from a more than two-year peak

US importers rush in goods from China as Trump's tariff threat looms

Trump, who has threatened to slap tariffs of 10 per cent to 60 per cent on goods from China, takes office on January 20

Rupee slide raises doubts over rate cuts in February, analysts caution

The weaker currency could add to elevated inflation through costlier imports, while a cut in interest rates could dampen already tepid capital flows

South Korean investigators arrest impeached President Yoon, ending standoff

His arrest, the first ever for an incumbent president, is the latest head-spinning development for one of Asia's most vibrant democracies

Tata Capital raises $400 mn via maiden dollar-denominated bond issue

The non-banking finance company will pay a coupon of 5.3890 per cent on what is its maiden dollar-bond issue

UK watchdog to investigate Google search services to see consumer impact

The Competition and Markets Authority (CMA), which gained a wider remit over big tech this month, said search was vital for economic growth and it was critical that competition was working

South African rescuers pull 36 corpses, 82 survivors from illegal gold mine

Hundreds more men and dozens more bodies are still trapped underground. All 82 that have been arrested are facing illegal mining, trespassing and contravention of the Immigration Act charges

Shoppers Stop Q3 results: PAT rises 41% to Rs 52.23 cr, revenue grows 11.5%

Spending on beauty and lifestyle products surged during India's festive season between October and December, which typically accounts for the bulk of retailers' annual sales

Dreadlocked ascetics among 25 million to take a dip at Maha Kumbh festival

Nearly 15 million people, more than double the 6 million population of the city in the state of Uttar Pradesh, had taken a ritual dip on Monday, when the six-week festival

RBI likely to manage FX reserves judiciously amid global headwinds

The Reserve Bank of India will continue to intervene as and when necessary to smoothen volatility, but won't go against the tide and massively intervene to protect any levels

Rupee recovers from record low to settle 8 paise higher at 86.62/$

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.39 per cent lower at 109.38

Govt likely to incentivise textiles in Budget as crisis hits B'desh exports

India's textile sector employs an estimated 45 million people and the government is considering increasing the textile ministry's budget allocation for 2025/26 by 10 per cent-15 per cent

Govt may forecast stronger growth next FY while sticking to fiscal targets

It is likely to forecast nominal economic growth of 10.3 per cent-10.5 per cent. That's higher than the forecast of 9.7 per cent for the current year

Party of Bangladesh's former PM Khaleda Zia urges elections by August

Yunus has said elections might be possible by the end of 2025, but only following electoral reforms