Page 625 - Reuters%20/t%20_blank%20

Qualcomm to supply Apple Inc with 5G chips until 2026 under new deal

Under the deal announced Monday, Qualcomm said it will supply Apple with chips for phones that will come out each year until 2026

UK, India agree pensions and insurance partnership, says British FM

Britain and India have agreed to launch partnership to boost cross-market investment by insurance and pension sectors, Britain's finance ministry said

Offshore paying, stop losses push India's 5 yr OIS rate to 10 month peak

The five-year swap rate jumped to 6.81%, the highest since Nov. 9, 2022, while the one-year swap rate inched higher to 7.08%, the highest since March 9

Govt may relook at allowing Indian companies to list overseas: FM

Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. They can only list on foreign exchanges through instruments such as depository receipts

Tesla supercomputer may boost market value by $600 bn: Morgan Stanley

The electric-vehicle maker (EV) started production of the supercomputer used to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo

Grocery delivery app Instacart aims for up to $7.7 bn valuation in US IPO

The San Francisco-based company and its selling shareholders are looking to raise up to $616 million by offering 22 million shares priced between $26 and $28 each, it said in a regulatory filing

'Lulu Group expects to launch IPO in H1 2024, shares to be listed in Gulf'

Hypermarket chain and mall operator Lulu Group International expects to launch its initial public offering (IPO) in the first half of 2024, its chairman said on Monday

Oil prices ease from 10-month highs but hold above $90 a barrel

Saudi Arabia and Russia last week announced that they will extend voluntary supply cuts of a combined 1.3 million barrels per day (bpd) until the end of the year

RBI, banks plan new feature to popularise digital currency transactions

Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end

Janet Yellen to work with India to aid successful communique crafting

At the briefing, Yellen said there was significant progress made on international debt relief efforts

China's Ant Group unveils finance-specific AI model as race heats up

The foray by Ant into financial AI is notable as the company founded by billionaire Jack Ma is China's biggest fintech firm, with more than 1 billion users worldwide for its Alipay payment app

Explained: What is in Huawei's new smartphone challenger to Apple?

The US curbs left Apple as the main maker of premium smartphones in China. Over the same period, Apple's market share in China rose to 19 per cent from 11 per cent

Oil India plans to invest $2 billion in projects, aims net zero by 2040

State-run energy companies - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, GAIL (India) Ltd, Oil and Natural Gas Corp have already announced their net zero goal

Go First lenders likely to extend deadline seeking investor interest

The resolution professional for the company, which operated the Go First carrier, had in July invited investor interest on behalf of creditors after the airline filed for insolvency in May

BofA expects to ECB hike all three policy rates by 25 bps next week

The brokerage expects "very little" forward outlook for the following meetings but said the bias would be towards pausing and not cutting rates

After Reliance, Tata Group set to announce AI partnership with Nvidia

Reliance will create AI applications and services for their 450 million Jio customers and provide AI infrastructure to scientists, developers and startups across India

China slows fertiliser exports, raising concerns for Indian industries

As the world's largest producer of urea, China accounts for about a third of global supplies of the nitrogen-based fertiliser, which is critical to growing crops

Reliance explores chipmaking foray, in talks with potential partner

"There is intent, there is no timeline," said the person, adding that Reliance has "yet to make a call on whether they want to ultimately invest"

RBI's currency defence has likely extended to rupee futures: Traders

Its likely intervention in exchange-traded derivatives is reflected in the more-than-$1 bn jump in open interest on September USD/INR futures over the last three sessions on NSE

Wire and cables maker RR Kabel aims to raise $236 million via IPO

The Mumbai-based company, backed by private equity firm TPG, will issue new shares worth Rs 180 crore, as per its prospectus dated Sept. 6