Reuters
 "Reuters")
Reuters
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
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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
 "US House to vote on Republican debt limit bill this week, says McCarthy")
Sebi plans to allow mutual funds with performance-based fees: Report
If introduced, India would be one of a handful of major markets to introduce performance-linked fees for mutual funds
 "Sebi plans to allow mutual funds with performance-based fees: Report")
Tata Motors to JBM: Bus makers shun govt contracts over payment concerns
Prime Minister Narendra Modi's government wants to deploy 50,000 electric buses countrywide over the next few years which is estimated to cost $12 billion
 "Tata Motors to JBM: Bus makers shun govt contracts over payment concerns")
Maruti Suzuki to recall 7,213 Baleno RS hatchbacks over possible defect
"The affected vehicle may require increased effort in brake pedal application," the company said in a release
 "Maruti Suzuki to recall 7,213 Baleno RS hatchbacks over possible defect")
Dominic Raab quits as deputy PM; spotlight now turns to Rishi Sunak
Oliver Dowden named new UK Deputy Prime Minister
 "Dominic Raab quits as deputy PM; spotlight now turns to Rishi Sunak")
Indian business delegation to visit Russia to explore agri exports
The exporters expect to sign deals for selling a wide range of products including tea, sugar, coffee, dairy, meat, and marine products, the official said
 "Indian business delegation to visit Russia to explore agri exports")
US business activity rises to 11-month high in April: S&P Global survey
S&P Global said its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 53.5 this month
 "US business activity rises to 11-month high in April: S&P Global survey")
Indian shares log weekly losses on risk aversion amid Q4 earnings
The Nifty 50 closed 0.40 points lower to 17,624.05, while the S&P BSE Sensex rose 0.04% to 59,655.06. Both indexes lost over 1% this week
 "Indian shares log weekly losses on risk aversion amid Q4 earnings")
Foreign exchange reserves up $1.65 bn to $586.41 bn, hit over 9-month high
The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak
 "Foreign exchange reserves up $1.65 bn to $586.41 bn, hit over 9-month high")
Procter & Gamble raises full-year sales forecast on higher pricing
The Tide detergent maker's shares rose 1% in premarket trading
 "Procter & Gamble raises full-year sales forecast on higher pricing")
RBI cautions banks on unsecured lending amid rising interest rates
The RBI, according to bankers, is concerned that the sharp rise in interest rates could trigger defaults and pose more risk. The RBI did not reply to an email requesting comment
 "RBI cautions banks on unsecured lending amid rising interest rates")
FPIs invest $1 bn in Indian equities thus far in FY24 on cheaper valuations
Information technology saw renewed interest with foreign investors adding 10.02 billion rupees, while the auto segment also witnessed FPI buying
 "FPIs invest $1 bn in Indian equities thus far in FY24 on cheaper valuations")
Oil prices extend losses on fears of recession, slower oil demand
Oil prices eased on Friday, extending losses from the two previous days and heading for a weekly decline, as softening U.S. economic data and a rise in US gasoline inventories raised concerns about
 "Oil prices extend losses on fears of recession, slower oil demand")
Thousands of Sudanese cross borders to flee fighting, says report
Forces commanded by two previously allied leaders of Sudan's ruling council began a violent power struggle last weekend that has so far killed more than 330 people
 "Thousands of Sudanese cross borders to flee fighting, says report")
Google to deploy generative artificial intelligence to create novel adverts
Generative AI is a type of technology that relies on past data to create rather than identify content
 "Google to deploy generative artificial intelligence to create novel adverts")
Tesla earnings drop 20% but Elon Musk to put sales ahead of profit
Stock tanks 8%; operating margin shrinks to 11.4%, a roughly two-year low, after several price cuts
 "Tesla earnings drop 20% but Elon Musk to put sales ahead of profit")
Sebi bans ex-CEO of Care Ratings for 2 yrs for violating securities law
India's market regulator on Thursday barred the former chief executive of Care Ratings Ltd from the securities market for two years for violation of rules
 "Sebi bans ex-CEO of Care Ratings for 2 yrs for violating securities law")
Market regulator Sebi penalises former audiitors of CG Power for violations
India's market regulator penalised two former auditors of CG Power and Industrial Solutions Ltd on Thursday for rule violations, according to an order published on the regulator's website.
 "Market regulator Sebi penalises former audiitors of CG Power for violations")
Cyient reports 48.3% surge in Q4 revenue on strong deal pipeline
Revenue from the services segment was at Rs 1,448 crore, up from Rs 984 crore a year earlier
 "Cyient reports 48.3% surge in Q4 revenue on strong deal pipeline")
Overnight rates stay above repo as banks borrow before VRRR maturity
The current reporting fortnight ends on Friday, and banks are scrambling to borrow funds to maintain the mandatory reserve requirements, traders said
 "Overnight rates stay above repo as banks borrow before VRRR maturity")