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Services exports rose 13.1% on year to $30.48 billion in March: RBI data

As per the government's first preliminary estimates released in mid-April, services imports stood at $14.05 billion in March, while services exports were at $27.75 billion

DCM Shriram Q4 results: Profit falls 54% as raw material, power costs surge

The company's consolidated net profit fell to 1.87 billion rupees ($22.8 million) compared to 4.01 billion rupees a year ago. Revenue from operations also fell marginally to 28.49 billion rupees

Go First Airways files for insolvency, blames Pratt & Whitney engines

Aviation regulator DGCA on Tuesday issued a show cause notice to Go First after the airline decided to cancel flights for two days amid a severe financial crunch

Marriott raises full-year profit forecast on strong travel demand

The travel industry has also benefited in the last few quarters from a strong US dollar

Uber confident on profit as ride-sharing makes strong start to 2023

Uber is benefiting from its dominant position in key global markets as travel rebounds from a pandemic-induced lull

Pfizer beats profit estimates as new drugs offset Covid products slump

Pfizer expects 2023 to be a "transition year" for its Covid products, before potential returning to growth in 2024

Indian stocks rise on back of earnings, FII buying ahead of US Fed meet

By Bharath Rajeswaran

BP's profit rises to $5 billion, but shares fell as shares buyback slows

BP's shares, however, were around 4.5% lower by 0923 GMT - compared with a drop of around 1.3% for an index of European oil companies

Commercial vehicles sales of Indian automakers slump by 50% MoM in April

India's wholesale commercial and passenger vehicle sales growth moderated in April, following a boost from the festive season

RBI likely buying dollars to prevent rupee appreciation, absorb inflows

Rupee was trading at 81.8275 per U.S. dollar, having reached 81.7325 earlier

Pepsi bottler Varun Beverages posts Q1 profit jump; announces stock split

Varun Beverages approved a share split of its existing shares in a ratio of 1:2 to boost its liquidity and make its stock "more attractive" to small investors

Carlyle, Premji Invest eye stake in auto loan firm TVS Credit: Report

"There are two components to this business - the older, stable motor-financing arm and the new-age loans and services, which can be an add-on growth lever," the report said citing source

NMDC in talks with Australia's Hancock for lithium mining: Report

Separately, NMDC is working on plans to export low-grade iron ore to China, the report said

USFDA puts partial clinical hold on Sun Pharma's dermatological drug

USFDA put a partial clinical hold on its application for an experimental dermatological drug due to the potential of thrombotic events

Govt cuts windfall tax on petroleum crude to Rs 4,100/tonne from Rs 6,400

The government left the windfall tax on petrol, diesel and aviation turbine fuel at zero

Oil prices decline as economic growth concerns offset Opec+ cuts

The failure to reach more solid ground above $80.50 in Brent points to continued selling interest amid the well known gro­wth/ demand concerns

First Republic Bank seized, sold to JPMorgan for nearly $10.6 billion

Shares halted for trading after pre-market plunge of 43%; other regional banks sink, too

General Motors lays off several hundred full-time contract workers

The Detroit automaker did not immediately respond to a Reuters request for comment. GM shares were up about 2.5% to $33.86

Adani-owned NDTV profit plunges about 98% on weak advertising demand

NDTV reported a consolidated net profit of 5.9 million rupees ($72,206.58) for the quarter ended March 31, compared with 241.6 million rupees a year earlier

US manufacturing sector contracts for sixth straight month in April

The sector, which accounts for 11.3% of the economy, is being weighed down by the Federal Reserve's fastest interest rate hiking campaign since the 1980