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Sweeping spending cuts for America: Republicans clear debt-ceiling hike

The US Treasury Department could run out of ways to pay its bills in a matter of weeks if Congress fails to act, and financial markets are already flashing warning signs

HDFC likely to raise Rs 15,000 crore in 10-year bonds next week

The proposed issue is likely to have a base size of Rs 110 billion and a greenshoe option to retain an additional subscription of Rs 40 billion, bankers added

Tata Group-backed Trent's Q4 revenue jumps as fashion demand rises

Consolidated net profit for the quarter stood at 541.6 million rupees. It posted a profit of 1.6 million rupees a year earlier

Vodafone appoints Della Valle as permanent CEO after rigorous search

The British company said it had conducted a rigorous internal and external search before choosing the insider, who has been chief financial officer since 2018

Glenmark Life Sciences profit surges 48% on API boost in March quarter

Revenue from Glenmark Life Sciences's API business, which accounts for about 90% of total revenue, grew 15.5% from last year

Retail chain Shoppers Stop targets double-digit revenue growth in FY24: CEO

Calvin Klein in India, are also doubling down on smaller cities to tap the growing middle class

Harley sees 37% rise in profit boosted by higher demand for popular bikes

The manufacturer also benefited from pent-up demand as COVID-exhausted Americans were eager to hit the roads on cars and motorcycles

Caterpillar's Q1 profit rises by 31% on resilient demand, higher prices

The company reported adjusted profit of $4.91 per share, beating Refinitiv analysts consensus of $3.78 per share

Domino's Pizza beats quarterly sales estimate on price hikes, steady demand

Shares of the company rose about 5% in premarket trade

Axis Bank reports wider-than-expected Q4 loss on $1.41 bn Citi deal

Axis reported a loss of Rs 5,728 crore ($700.1 million) for the three months ended March 31, compared to a profit of Rs 4,118 crore a year earlier

Deutsche Bank to cut 800 jobs after strong first quarter to save cost

Germany's biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland

Hindustan Unilever's earnings margin shrinks after increased commodity cost

HUL shares fell about 2%, taking their total declines this year to nearly 4%

Coforge Q4 net profit drops 45%; full year revenue crosses $1 bn mark

Coforge said it expects full-year revenue growth of 13% to 16% in constant currency terms

Coming Soon on JioCinema app: Hollywood content from Warner Bros, HBO

"It's a deep exclusive arrangement which will make JioCinema the house of Warner, HBO in India," said the report

NSE tweaks index inclusion rules for spun-off entities to reduce churn

The change will apply to any such spin-offs approved by shareholders of the parent companies on or after April 30, the NSE said in a circular late on Wednesday

China Jan-Mar industrial profit slump underlines slow economic recovery

The economy expanded by 4.5% year-on-year in the first three months of the year, beating market expectations and marking the strongest growth in a year but its resilience looks likely to be tested

Alibaba slashes Cloud prices by 50% to drive adoption before IPO

The price cuts are one way for the company to attract more customers, said Zhang Yi, who tracks China's cloud computing sector at research firm Canalys

Voltas Q4 profit slumps 21% on provisions over contract terminations

Voltas, which competes with Blue Star, made provisions of 2.44 billion rupees during the quarter due to the termination of some contracts in Dubai and Qatar last year

Maruti Suzuki to boost capacity to keep up with passenger vehicle demand

Indians bought a record 4 million passenger vehicles in fiscal year 2022-23, led by demand for sports utility vehicles

HDFC Life misses Q4 profit view on higher expenses, PAT rises marginally

The Mumbai-based insurer said its standalone profit after tax rose a marginal 0.3% to Rs 359 crore for the quarter ended March 31