Reuters

Justice Dept to close probe of Fed Chair Jerome Powell: US Attorney Pirro

US Justice Department closes probe into Federal Reserve renovation cost overruns, asks Inspector General to review expenses under Chair Jerome Powell

Indian IT cos near-term outlook muted; clients cut spending, AI risks mount

India's IT sector faces muted growth as client spending slows and AI disrupts pricing, with analysts expecting only 3-4% revenue growth in the near term

Sebi proposes to tighten variable net worth regulations for brokers

Variable net worth to include 10% of the average credit balance of clients over the previous six months

IndusInd Bank Q4 profit at ₹533 crore beats estimates on lower provisions

In the year-ago quarter, the bank had reported its biggest-ever quarterly loss due to years of misaccounting of internal derivative trades

India sells 30-year green debt at 'greenium' last seen 3 years ago

India's 30-year green bond sale sees strongest greenium in three years, driven by robust investor demand and reduced ultra-long bond supply

World Bank's IFC plans to scale up investments in India to $10 bn by 2030

Annual investments in India by IFC, the private-sector arm of the World Bank Group, have ‌risen to about $5.4 billion in 2024-25 from about $1.3 billion in financial year 2021-22

Adani Green Q4 results: Profit jumps 34% on higher sales, capacity growth

The green energy arm of billionaire Gautam Adani's group posted a consolidated profit of ₹3,420 crore ($362.8 million) for the quarter ended March 31, up from ₹383 crore a year ago

India gold premiums hit 2.5-month high on tight supply, China demand rises

Dealers quoted premiums of up to $15 an ounce over official domestic prices this week, inclusive of 6 per cent import and 3 per cent sales levies, the highest since February 7

India's wheat output likely to fall by 5-10% as rain, hail damage crops

Although lower output could curb purchases, which have missed wheat ‌buying targets for past 4 years, this is unlikely to cause shortages as India holds stocks at roughly 3 times the required level

Iran conflict hits Asia's polyester suppliers to global fast fashion

Made from oil derivatives, polyester dominates the textile industry, accounting for 59 per cent of global fibre production and used in everything from running shorts to dresses

Asian shares mixed, oil prices advance on stalled US-Iran peace talks

The mixed showing underscored the tense market mood as investors this week seesawed between hope for an imminent end to the war and fear that it might not come soon

Oil rises on concerns over escalating tensions in West Asia; Brent at $106

Both benchmark contracts settled up more than 3 per cent on Thursday and jumped $5 a barrel after reports that air defences were engaging targets over Tehran

Trade talks with US remain constructive after Washington visit: MEA

The comments followed a three-day ​visit to Washington by an Indian trade delegation led by senior commerce ministry official ‌Darpan Jain for talks with US counterparts

US sets preliminary antidumping duties on solar imports from India, others

India, Indonesia ​and Laos last year accounted for $4.5 billion in US solar imports, about two-thirds of the ‌total, according to government trade data

Hyundai Q1 profit falls 31%, flags uncertainty from West Asia conflict

Its cautious outlook comes after the automaker said earlier this month that its exports to Europe and North Africa, which typically transit through the West Asia

Zomato drops clause penalising restaurants for lower dine-in prices: Report

The clause was never enforced but has been dropped now, a Zomato source said on Thursday, without explaining the rationale for the decision

RBI net buys $7.41 billion in forex market in February, shows bulletin

During the month, the RBI purchased $21.4 billion and sold $13.99 billion. In January, it had net bought $2.5 billion

Rupee drops 0.3% to 94.10, extends 4-day losing streak as oil crosses $100

The rupee closed at 94.1050 against the US dollar, down 0.3 per cent on the day. The currency has declined over 1 per cent so far this the week, pressured by a near 15 per cent rise in crude prices

Netflix approves $25 billion share buyback, stock rises in premarket

Shares of the streaming giant rose 1.5 per cent in premarket trading

Govt's digital currency push targets inefficiencies in welfare system

Indian authorities are working to establish use cases in the farm and subsidised food distribution sectors, where welfare often struggles to make it to the right recipients.