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Elon Musk's decision to rebrand Twitter as X could be complicated legally

X is so widely used and cited in trademarks that it is a candidate for legal challenges - and the company formerly known as Twitter could face its own issues defending its X brand in the future

CEAT logs near 16-fold jump in profit in Q1 on higher demand, fall in costs

Indian tyremaker CEAT posted a near 16-fold jump in profit boosted by strong demand and drop in raw material costs

Tata Motors to cancel 'A' ordinary shares in latest securities rejig

The company will issue seven ordinary shares for every 10 'A' ordinary shares, implying a 23% premium on the previous day's closing level of 'A' ordinary shares, Tata Motors said

Rupee snaps 3-day winning run on RBI intervention, importer hedging

The one-year dollar-rupee implied yield rose four bps to 1.73%, amid the RBI's possible intervention in the forwards market

Shoppers Stop shares drop 5% as profit tumbles 34% on investments

Total expenses rose 5.8% for Shoppers Stop, which sells products ranging from Vero Moda apparel to Michael Kors watches at its stores

Russia plans to lower oil export discount to $20/bbl, says finance minister

Russian President Vladimir Putin in February signed a law fixing the discount on Russia's dominant Urals blend of crude oil for tax calculations

RBI likely bought dollars in spot via PSBs, paid in far forwards: Traders

Two public sector banks were buying dollars, likely for the RBI, while a large private sector bank was on the bid on USD/INR for its importer clients, a currency trader said

Byju's 'regularly disregarded' former director's advice, says Prosus

Prosus, which this year slashed its valuation of Byju's to $5.1 billion from $22 billion last year, said the decision for its director to step down from Byju's board last month

Land spinoff holds up $232 million BEML privatisation deal: Reports

The Indian government is looking to sell 26% out of the total 54% stake it holds in the company along with a transfer of management control

'Terrorism', says Russia as Ukraine drones hit 2 buildings near Army HQ

"I was asleep and was woken up by a blast, everything started shaking," Polina, a young woman who lives near the high-rise building told Reuters.

US business activity growth slows to a five-month low as services soften

Monday's tepid survey data supported evidence that the US economy was still growing as the third quarter began, but at a slower rate from the April-through-June period

SoftBank forms $100 mn JV to build AI-powered warehouses with Symbotic

Shares of Symbotic rose 1.3% on Monday, while SoftBank closed 1.2% higher on the Tokyo bourse before the news

Confident of meeting debt maturities in FY24: Vedanta CFO Shrivastava

The company is committed to reducing debt as its "high-quality" assets continue to generate a healthy cash flow, Sonal Shrivastava said in a statement. "We are prudent in raising capital"

Tesla to discuss factory plan for new $24,000 car with Goyal: Report

The $24,000 EV Tesla representatives were said to have described in discussions about a potential Indian plant would be 25% cheaper than its current lowest priced offering

Mahindra Logistics swings to loss on higher costs, weak demand in Q1

Consolidated revenue from operations rose about 8% to 12.93 billion rupees, lifted by more than 6% growth in its mainstay supply chain management business

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

Sebi to consider permitting delisting via fixed price: Madhabi Puri

The market regulator is now considering permitting a promoter to place a delisting offer at a fixed price for shareholders to consider

Centre orders probe into Eros International Media's accounts: Report

In an interim order in June, SEBI said it had found prima facie evidence that Eros International's accounts were "overstated and do not present a true and fair picture of its financial health"

Domino's Pizza misses revenue estimates as higher prices dent demand

Total revenue fell 3.8% to $1.02 billion in the three months ended June 18, compared with analysts' estimate of $1.07 billion, according to Refinitiv IBES data