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Commercial real estate lull to continue for at least 2 years: Anarock

By Savio Shetty

Indian Oil posts first profit increase in 5 quarters as crude prices cool

IOC's revenue from operations rose almost 10% to Rs 2.26 trillion

Reliance sells diesel at a cheaper rate than state fuel retailers: Dealers

Fuel JV of Reliance, BP is selling diesel at about Rs 1 a litre lower than state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum, 6 fuel station dealers under Jio-BP brand said

Go First backs emergency arbitration in dispute with Pratt & Whitney

The airline argued that the US firm supplied "faulty" engines and failed to replace them on time, resulting in the grounding of half of its fleet

Market regulator warns against premature conclusion to Adani probe

India's Supreme Court is hearing an appeal from SEBI to give it an additional six months to complete its probe into the Adani group

China launches projects to build 'new-era' marriage, childbearing culture

China implemented a rigid one-child policy from 1980 until 2015 - the root of many of its demographic challenges. The limit has since been raised to three children

Washington is determined to govern artificial intelligence, but how?

But the focus on risks seems insufficient to Democratic Senator Michael Bennet, who introduced a bill calling for a government AI task force

Turkey faces election runoff, Recep Tayyip Erdogan seen with momentum

Nationalist candidate Sinan Ogan says he will endorse only Kilicdaroglu in the runoff

TPG to buy alternative investment firm Angelo Gordon in $2.7 bn deal

Major private equity firms have been looking to expand beyond their mainstay business as the equity funding market loses steam

Coromandel International posts 15% YoY drop in Q4 PAT amid rise in costs

Indian agricultural chemicals maker Coromandel International Ltd reported a 15% fall in its quarterly profit on Monday, as soaring costs offset growing demand

India's April merchandise and services trade deficit at 21-month low

April merchandise exports were $34.66 billion, down from $38.38 billion in March, while imports fell to $49.90 billion from $58.11 billion, data showed

Trade deal: India's carmakers back zero duty on limited British imports

India is one of the most protected automobile markets where import taxes are among the highest in the world of any major car making nation

Apple supplier Foxconn to invest $500 mn in Telangana: IT Min KTR

The investment will create 25,000 jobs in the first phase, KT Rama Rao said in a tweet

DMart retail chain slumps nearly by 5% on profit miss, margin drop

Shares of Avenue Supermarts Ltd, which operates the DMart retail chain, fell 4.7% after the company's fourth-quarter profit missed estimates and core profit margin contracted

Tayyip Erdogan ahead in Turkey initial vote results, but gap to narrow

HaberTurk and other Turkish broadcasters said the results, given less than two hours after polling stations closed, were based on 9.1% of the ballot boxes counted

Ambani's JioCinema unveils pricing in fight with Netflix, Disney

Indian billionaire Mukesh Ambani's streaming platform JioCinema announced premium pricing of 999 Indian rupees ($12) a year, its first step to move away from a free content model to fight global rival

Adani Transmission's board approves plan to raise up to $1 billion

India's Adani Transmission said its board on Saturday approved a plan to raise up to 85 billion rupees ($1.0 billion) from the market

Sebi to regulate platforms offering ownership of real estate assets

Sebi has proposed regulating all online platform that offer fractional ownership of real estate assets, in a bid to provide protection to small investors

IMF: US default to have 'very serious repercussions' on global economy

Treasury Secretary Janet Yellen has warned that a default on US payments could come as early as June 1 if Congress fails to raise the borrowing cap

Manappuram posts 58% jump in profit on healthy gold loan business

The company's interest income jumped 23% to 17.14 billion rupees, while expenses rose a comparatively smaller 8.3%