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MSCI shuffle: India narrows the gap with China, may get $2 bn in inflows

With the May rejig, India's stock count in the MSCI Global Standard index is at 149, the highest ever for the country

MicroStrategy, Indian companies among 42 additions to MSCI indexes

In total, there are 42 securities to be added and 121 cut from the all-country world index

Russian air destroys 10 Ukraine-launched ATACMS missiles over Crimea

The war has killed thousands, displaced millions and turned Ukrainian cities into rubble

Honda to scale down production, cut China workforce with voluntary layoffs

Honda's move marks the latest setback for Japan's legacy car brands in China, where the growing dominance of local players such as BYD and a brutal price war are causing them to lose market share

Benchmark bond yield declines to six-week low, in line with US peers

The benchmark 10-year yield is likely to move in the 7.09-7.14% range, following its previous close of 7.1067%

Defying west, President Putin scheduled to meet Xi Jinping in Beijing

Blinken said Beijing's supply of dual-use goods was 'powering Russia's brutal war of aggression against Ukraine'

Dollar trades low ahead of crucial inflation report; yen under pressure

The yuan slid to a two-week low versus the dollar after US President Joe Biden unveiled steep tariff increases on an array of Chinese imports

OpenAI's co-founder Ilya Sutskever parts ways with ChatGPT maker Altman

Microsoft-backed OpenAI makes the popular ChatGPT chatbot, which sparked a race among the world's largest tech companies for dominance in the emerging generative AI field

Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch

Xiaomi's strong entry into China's crowded EV market is set to further upend the world's largest auto market, where companies have been locked in a fierce price war amid weakening demand

Brazil pushes out Petrobras CEO, names ex-regulator to top job; shares dip

New York-listed shares of Petrobras fell more than 6% in after-hours trading as news broke that Prates was headed for the exit

Putin backs China's Ukraine peace plan, says Beijing understands conflict

Putin, speaking to China's Xinhua news agency ahead of his visit to Beijing this week, said Russia remained open to dialogue and talks to solve the more than two-year-old conflict

2 Chinese firms progress in producing high bandwidth memory for AI chipsets

CXMT and other Chinese chip firms have also been holding regular meetings with South Korean and Japanese semiconductor equipment firms to buy tools to develop HBM, said two of the people

Israeli tanks push deeper into Rafah despite allies warning against it

A US official who declined to be identified told Reuters that Israel promised not to make a major move in Rafah without advising Washington

Tesla plans to fire 601 more employees in California amid falling sales

The electric carmaker said last month it would lay off 6,020 people in California and Texas, as part of the headcount cuts

US makers of masks, gloves get lifeline from tariffs on Chinese products

Biden's tariffs could boost demand by helping level a price differential with cheap imports from China, and could foster investments

Promoter group to sell 2.53% stake worth $316 million in Cipla: Report

The promoter group will sell its stake in Cipla at a per-share price range of 1,289.5 rupees to 1,357.35 rupees, the report said

Google I/O: Alphabet unveils beefed-up AI chatbot as competition heats up

The new AI features unveiled on Tuesday will help investors evaluate Alphabet's progress as it races against Microsoft , OpenAI and other competitors to dominate the emerging technology

Meta to discontinue Workplace app to focus on AI, metaverse

Workplace will be shut starting June 2026 for customers but Meta will continue to use it as its internal messaging board, the company said, adding users can continue to access it until Aug 2025

Apollo Tyres Q4 results: PAT falls 13% to Rs 354 cr on higher tax expenses

Apollo Tyres, which manufactures tyres for Maruti Suzuki , Mahindra and Mahindra and TVS Motor Company Ltd among others, is one of the major players in the sector

Fed's Powell expects inflation to fall, though not as confident as before

Powell said his outlook was for continued growth and ongoing job creation bolstered by immigration