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Didi co-founder Liu steps down after decade at helm of ride-hailing company

Liu, the daughter of Lenovo Group founder Liu Chuanzhi, was heavily involved in the company's key financial decisions, including its merger with Alibaba Group Holding Ltd -backed Kuaidi in 2015

Nestle India shareholders vote against increase in royalty to Swiss parent

About 70.8% of public shareholders voted against the increase, a filing showed

Automakers Volkswagen, Renault end talks to develop affordable EV: Report

VW sources said a decision on the EV plan is expected within weeks. Thomas Schaefer, CEO of the Volkswagen brand, has said he wants to launch a lower-priced EV by 2027

Microsoft plans to release next 'Call of Duty' version on Game Pass: Report

The plans are expected to be announced at the company's annual Xbox showcase next month, the report said, citing people familiar with the matter

Ukraine braces for heavy battles as Putin says carving out 'buffer zone'

"We understand there will be heavy battles and that the enemy is preparing for that," the head of the Ukrainian armed forces wrote in a statement on the Telegram app

RBI flags concerns over functioning of asset reconstruction companies

Swaminathan J urged ARCs to adopt an approach where there is compliance "with both the letter of the regulation and also its spirit," the central bank said in a statement

Delhivery Q4 results: Net loss narrows to Rs 68 cr, total income up 13.5%

The company reported a consolidated loss of Rs 68.47 crore ($8.21 million) for the quarter ended March 31, compared with a loss of Rs 159 crore a year ago

Bandhan Bank Q4 results: Net profit declines 93% to Rs 54.63 crore

Bandhan Bank's provisions and contingencies jumped to Rs 1,774 crore from Rs 735 crore a year earlier

Zydus Lifesciences Q4 results: Net profit sees 4-fold jump at Rs 1,182 cr

Indian generic drugmakers, which draw a significant share of revenue from the crucial U.S. market, are recovering from the effects of eroding prices in the largest drug market in the world

Bond traders hanker for short-term borrowing cuts as buybacks fail

Banking system liquidity has stayed in deficit for last four weeks, coinciding with start of the first phase of general elections, with average daily average deficit in May rising to Rs 1.2 trillion

Spike in trade with Russia not a 'temporary phenomenon': EAM Jaishankar

"For long, we have looked at Russia from a political or security perspective," Foreign Minister S. Jaishankar said at an industry conference

Battle over butter chicken's legacy heats up with new court evidence

Two Indian restaurant chains have been sparring since January at the Delhi High Court

North Korea fires multiple short-range ballistic missiles, Seoul condemns

North Korea has launched ballistic and cruise missiles as well as tactical rockets in recent months, describing them as part of a program to upgrade its defensive capabilities

Elon Musk pushes plan for China data to power Tesla's FSD ambitions

Tesla's efforts underscore the speed of the electric vehicle maker's pivot to bet on a breakthrough in AI at a time when EV demand has slowed and its competition has deepened

SAIL watching Chinese steel imports post US tariff hikes: Chairman

The state-run SAIL has continued to buy steelmaking coking coal from Russia at 75,000 tons per ship

BOJ may face more pressure to hike rates amid declining consumer spending

The yen has depreciated by roughly 10% against the dollar so far this year despite the BOJ's decision in March to end eight years of negative rates

China's annual oil refinery output falls for first time in 20 months

The 3.3 per cent fall was the first year-on-year decline since August 2022

Indian govt bond yields remain unchanged as traders eye debt supply

Traders were also cautious after the 10-year US yield moved off its recent lows, but continued to remain around the 4.35 per cent mark.

China issues first batch of 30-year stimulus bonds at yield of 2.57%

The bid-to-cover ratio for the first tranche of the special bonds was 3.91 times, suggesting solid demand for such bonds

Microsoft to offer cloud customers AMD alternative to Nvidia AI processors

It will also launch a preview of new Cobalt 100 custom processors at the conference