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South Africans begin voting in most competitive election since apartheid

Voter dissatisfaction over high rates of unemployment and crime, frequent power blackouts and corruption in party ranks lies behind the ANC's gradual fall from grace

Covid vaccine maker BioNTech gets $145 mn funding for plant in Africa

A future African network could produce affordable vaccines to fight malaria, mpox, tuberculosis or other health threats, they added

India to begin wheat imports after six years, to shore up reserves

As the new-season wheat harvest rolls in, the government is likely to wait until after June to scrap the import tax, in time for Russia's harvest, the sources said

Bata Q4 results: Net profit declines 3% to Rs 63.65 cr as expenses surge

The company, which also sells brands such as Hush Puppies and North Star in India, said its consolidated profit fell to Rs 63.65 crore ($7.6 million)in the three months ended March 31

BlackRock's $20 bn ETF is now world's largest bitcoin fund: Report

The exchange-traded fund held $19.68 billion of token on Tuesday, overtaking Grayscale Bitcoin Trust's $19.65 billion, report said, citing data compiled by Bloomberg

Indian benchmark bond yields marginally higher mirroring US peers

U.S. yields rose, with the 10-year yield rising above 4.55%, as uncertainty over the timing and magnitude of rate cuts by the Federal Reserve in 2024 persisted

Tata Steel Q4 results: Net profit falls 64% to Rs 611 crore on lower prices

The country's second biggest steelmaker by market cap said its consolidated net profit fell 64% to Rs 611 crore ($73.3 million) in the three months to March 31

Global unemployment rate is expected to fall slightly to 4.9% in 2024: ILO

The International Monetary Fund in April raised its 2024 forecasts for global growth to 3.2% from the 3.1% estimated in January, largely due to an improvement in the U.S. outlook

German inflation higher than expected ahead of ECB rates decision

Economists will pay close attention to the data ahead of the release of inflation figures from the wider euro zone on Friday

HSBC completes sale of Russian banking unit to Expobank for undisclosed fee

HSBC's exit from Russia has been on the cards since February, when Russian President Vladimir Putin gave approval for the asset sale to privately owned Expobank to go ahead

Israel says Gaza war likely to last another 7 months as tanks probe Rafah

The United States, Israel's closest ally, reiterated its opposition to a major Israeli ground offensive in Rafah on Tuesday while saying it did not believe such an operation was under way

'Silver imports in 4 months surpass all of 2023 due to solar panel demand'

Increased imports by the world's biggest silver consumer could support global prices, which are trading near their highest level in more than a decade

Deepak Fertilisers Q4 results: PAT falls 16% to Rs 215 cr on weak demand

Net profit fell to Rs 215 crore ($25.81 million) during the three months ended March 31 from Rs 255 crore a year earlier. Revenue from operations fell about 25.4% to Rs 2,086 crore

Jubilant Pharmova Q4 results: Consolidated net loss narrows to Rs 5.86 cr

Revenue from segments that make copycat drugs and medicines used for allergy immunotherapy rose 0.8% and 14%, respectively, during the quarter

Some Indian asset recast firms circumventing rules: RBI deputy Swaminathan

The RBI has increased supervision of regulated entities to prevent systemic risks and to ensure that regulations are followed

Boeing reaches tentative contract agreement with firefighters union

Boeing in early May locked out members of the International Association of Fire Fighters (IAFF) Local I-66 after they rejected two contract offers

Prez Putin makes ex-bodyguard Alexei Dyumin secretary of State Council

After being re-elected for another six-year term earlier this year, Putin made Dyumin an aide specialising in the defence industry

S'pore turbulence flight probe: Sharp drop in altitude caused injuries

One passenger died of a suspected heart attack and dozens were injured after Singapore Airline Flight SQ321

UPS in talks with govt to make some parcel-tracking tags in India: Official

UPS began expanding its use of radio-frequency identification (RFID) tags on packages about two years ago, helping its workers avoid millions of package scans per day

China's yuan hits 6-month low against strong dollar despite state bank aid

The move comes as US Treasury yields pushed to a near four-week peak lifting the greenback higher