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Weakening monsoon rains could prolong heatwave in north, central India

Summer rains, critical to spur economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8

Tesla CEO Musk's pay package gets nod from 77% of votes at investor meet

In 2018, 73% of Tesla investors had voted in favor of the same pay package, which was voided by a Delaware judge this year

Apple with AI beats Microsoft to become world's most valuable company

The tech giant has trailed rivals such as Microsoft and Google-owner Alphabet in the red-hot field of AI, a reason why its shares underperformed this year compared to its peers

Govt bond yields slip below 7% as markets cheer US inflation data

Even though the Fed sees only 25 bps of cut, the futures market is pricing in 44 bps of cuts in 2024

Pakistan budget sets big tax target of $46.66 bn ahead of IMF talks

Pakistan has projected a sharp drop in its fiscal deficit for the new financial year to 5.9% of GDP, from an upwardly revised estimate of 7.4% for the current year

US slaps sanctions on Hong Kong, UAE firms for Russian-origin gold deals

Russia is the world's second-largest gold miner after China

SpaceX sued by eight engineers fired after accusing Elon Musk of sexism

The engineers - four women and four men - claim Musk ordered their firing in 2022 after they circulated a letter calling the billionaire a 'distraction and embarrassment'

Asia stocks rally, bond yields fall as investors assess Fed outlook

Japanese shares underperformed and the yen inched down against the dollar, as the Bank of Japan began its two-day policy meeting

Israel, Hamas committed war crimes; Gaza truce plan in balance: UN

The war began on Oct. 7 when militants led by Hamas, the Islamist group ruling Gaza, killed 1,200 Israelis and took more than 250 hostage, according to Israeli tallies

EU to impose up to 25% additional tariffs on imported Chinese EVs

The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals

Gold gains on soft inflation data ahead of Fed's interest rate decision

Spot gold climbed 0.92% to $2,337.47 per ounce by 1700 GMT. U.S. gold futures for August delivery were up 1.2% at $2,354.60

'Most JP Morgan index clients to invest directly in Indian govt bonds'

India's inclusion in global bond indices was discussed for nearly a decade before the inclusion in the widely tracked JP Morgan index was finally announced last September

IBA to ask RBI to not alter capital requirement for infra projects: Report

If the RBI's proposal is implemented as is, "the impact will be very modest", Girishkumar Kadam, senior vice president and group head - corporate ratings at ICRA, said at a media briefing

Google to start testing anti-theft AI feature for Android phone from July

The features will be available to Brazilian users of Android phones version 10 or higher starting in July and will be released in other countries gradually this year

April-May steel imports hit five-year high on buoyant domestic demand

Steel demand has been buoyant in India, the world's second-biggest crude steel producer

Taiwanese firm MediaTek designs Arm-based chip for Microsoft's AI laptops

The software company's plans take aim at Apple which has released its own Arm-based chips for Mac computers for roughly four years

China solar panel makers seek government action to halt freefall in prices

Financial incentives and a government push have helped China become the solar panel factory of the world

Asian shares remain steady, dollar firm ahead of US inflation data report

European markets are also set to open slightly higher, with EUROSTOXX 50 futures up 0.3 per cent and the FTSE futures gaining 0.4 per cent

RBI's reserve maintenance system for banks fails on Tuesday, say traders

Indian banks need to park 4.5 per cent of their net deposits with the central bank and must maintain at least 90 per cent of this requirement every day

S Korea oppn leader Lee indicted over funds transfer to North Korea

"I am not that foolish," Lee said last year, calling the charges against him "fiction" as a court denied a warrant for his arrest