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UK starts probe into Microsoft's hiring of former Inflection AI staff

In March, Microsoft hired Mustafa Suleyman, co-founder of Google DeepMind, as head of its newly-created AI unit, followed by a number of employees from Inflection, which he set up in 2022

Ola Electric likely to set valuation at around $4.5 billion for IPO

Indian markets regulator in June approved Ola's $660 million stock market listing, the first IPO by an EV-maker in India and which is set to be one of country's largest share sales this year

BofA's Q2 profit declines to $6.9 bn on shrinking interest income

A better-than-expected forecast for fourth-quarter net interest income (NII), however, sent shares up 1% in premarket trade

Farmers rush to plant summer crops amid above-average monsoon rainfall

Summer rains, critical for economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8, allowing farmers to plant summer crops

Google deal for cyber firm Wiz would bolster cloud security offerings

Alphabet is in advanced talks to acquire Wiz, a person familiar with the matter said on Sunday, in an up to $23 bn deal that would be Google's most expensive acquisition

UnitedHealth beats Q2 profit estimates, raises Change Healthcare hack costs

UnitedHealth currently estimated the total 2024 impact from the hack to be between $1.90 to $2.05 per share. It had previously projected a hit of $1.15 to $1.35 per share

PwC considers halving China financial services audit staff: Report

The move follows Chinese regulators' scrutiny of PwC this year for its role as the auditor of troubled property giant China Evergrande Group, which, in turn, triggered the exit of some clients

Paytm gets warning from Sebi for old transactions with banking unit

Paytm, in its response, said it believes it has consistently acted in compliance with regulation, and added that there is no impact on financials and operations of the company due to the warning

Govt bond yields steady; traders seek trigger for 10-yr to breach key level

The benchmark 10-year yield was at 6.9724 per cent as of 10:00 a.m. IST, after closing at 6.9767 per cent in the previous session

China unveils plans to tackle property crisis, focus on affordable housing

Cities across China have only just started to release statements on their efforts to implement the May directive, with details of the targeted population groups emerging for the first time

Asian shares fall as investors ponder US-China equation post Trump win

Markets have now fully priced in a quarter-point rate cut from the Fed in September, with a total easing of 68 basis points expected by the end of the year

Focus on Trump's lies, not my debate performance, says President Biden

A day after urging Americans to lower the political temperature in the wake of the assassination attempt on Trump, Biden renewed his criticism of Trump's actions

US Justice Dept to appeal against ruling dismissing Trump documents case

US President Joe Biden said he was "not surprised" by the case's dismissal. "It comes from the immunity decision the Supreme Court ruled on," Biden said.

Yemen's Houthis target 3 vessels in Red, Mediterranean seas with missiles

Houthi military spokesperson Yahya Saree said the latest Houthi military operations were a response to the Israeli airstrike on the southern Gaza Strip city of Khan Younis

Govt implements uniform 5% tax for all aircraft, airplane engine parts

"This new policy eliminates... disparities, simplifies the tax structure, and fosters growth in the MRO sector," the minister said

Angel One Q1 results: Profit rises 32.6% to Rs 293 cr as orders jump

Consolidated profit increased by 32.6% year-on-year to Rs 293 crore ($35.1 million) in the three months to June 30

Gold prices hover near 1-month peak as Fed rate cut hopes lend support

The dollar held steady, while long-dated U.S. bond yields rose, as investors weighed whether the assassination attempt on Trump increased his chances of victory

Apple hits record high after Morgan Stanley calls stock 'top pick'

Apple's shares, which have jumped nearly 20 per cent this year, rose to $236.30, giving the company a market value of $3.62 trillion, the highest in the world

Lenders must hear loan defaulters before declaring accounts fraud: RBI

Banks will now have to issue a show-cause notice to fraudulent entities, with complete details of the fraud, the Reserve Bank of India said in a release

Goldman Sachs profit more than doubles in June quarter, beats expectations

The resilience of the U.S. economy has given corporate executives the confidence to pursue acquisitions, debt sales and stock offerings