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Hyundai Motor bolsters US presence with $5 billion EV battery venture

Rivals General Motors Co and Samsung SDI are also set to announce plans to build a joint venture EV battery manufacturing plant in the U.S., sources said

India rules out immediate impact of WTO panel ruling on IT tariffs

As per the available Dispute Settlement procedures, India is taking the necessary steps, and is also exploring options available in light of its WTO rights and obligations, the government said

RBI's wider NDF access may require foreign exposure proof, say bankers

An IFSC Banking Unit or "IBU" is a bank permitted by the Reserve Bank of India to operate from an International Financial Services Centre (IFSC)

Oil stable as investors ponder strong travel demand in China, rate hikes

Brent crude fell 3 cents to $82.70 a barrel at 0620 GMT, while US West Texas Intermediate crude also eased 3 cents to $78.73 a barrel

Hyundai Motor's reports 109% increase in Q1, beating expectations

Hyundai Motor Co reported a 109% increase in first-quarter profit thanks to a rise in vehicle output as a global chip shortage eased

India's 10-year bond yield ends at one-year low on policy pivot

Earlier this month, the Reserve Bank of India (RBI) surprised markets by holding the key lending rate steady at 6.5 per cent, going against expectations of a 25-basis point (bps) increase

I-T dept cracks down on Bajaj Allianz, ICICI Prudential amid wider probe

The Irdai has, effective April 1, removed separate limits for commissions and has imposed an overall ceiling on operating expenses and commissions

NBCUniversal CEO Shell ousted over 'inappropriate conduct' with colleague

Shell's senior team will now report directly to Comcast President Mike Cavanagh, Comcast said

Bitcoin could hit $100,000 by end-2024, says Standard Chartered

Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its rate-hiking cycle

IndusInd Bank promoters get in-principal approval to raise stake: CEO

The promoters have filled out a form to increase the stake and the due diligence process takes about 90-180 days as per RBI norms, said CEO Sumant Kathpalia

Trillium Capital values Getty Images at $3.95 bn in all-cash buyout bid

Trillium, which holds over 500,000 shares of Getty Images, offered to buy the rest at $10 apiece, representing a premium of nearly 98% to the stock's last close

Russian oil cuts Opec's share of Indian market to 22-year low at 59%

OPEC members mainly from the Middle East and Africa, saw their share of India's oil market slide to 59% in the fiscal year to March 2023, from about 72% in 2021-22

Coca-Cola beats revenue estimates on steady demand despite price hikes

Average selling prices rose 11% in the first quarter, the company said, while unit case volumes rose 3%

Indian gas firm GAIL to get 4 LNG cargoes from Germany's Sefe in May

However, the case could be without merit if the industry regulatorâ€"the Insurance Regulatory and Development Authority of India (IRDAI)â€"backdates a new rule around commissions

Financials power Indian shares after quarterly results Reliance, ICICI Bank

Private lender ICICI Bank posted a 30% surge in the March-quarter profit, helped by improved net interest income and loan growth

China urges banks to further cut deposit rates to channel savings pool

The guidance comes as banks and the economy groan under the weight of huge inflows of savings and deposits

Tech investors focus on profits after layoffs; companies to highlight AI

The companies are likely to give updates on their AI efforts, a trend noticeable since last quarter when chief executives packed earnings calls with mentions of the technology

Russia's Medvedev warns Moscow will scrap grain deal if G7 bans exports

The Group of Seven (G7) countries are considering a near-total ban on exports to Russia

SoftBank-owned Arm plans to build its own prototype semiconductor

The SoftBank Group Corp-backed company's newest chip, on which it started work in the past six months, is "more advanced" than ever before, FT said, citing industry executives

US House to vote on Republican debt limit bill this week, says McCarthy

McCarthy floated a plan last week that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the $31.4 trillion U.S. debt limit