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Amid dwindling car sales, Elon Musk lays off Tesla's senior executives

Musk said he would dismiss everyone working for Tinucci and Ho, including the roughly 500 employees who work in the Supercharger group

Adani Total Gas Q4 result: Profit up 72% at Rs 1.68 bn on higher CNG sales

Revenue had risen by more than 12% during the same period last year, driven by higher volumes and an increase in sales price

RBI issues guidance note on operational risk management, resilience

The RBI said all REs must perform a risk assessment and due diligence before entering into any arrangements with third parties or external entities

Worldline ePayments India gets RBI nod to operate as payment aggregator

Last week, the RBI had given an in-principle approval to Prosus-backed PayU to operate as a payment aggregator

Castrol India's Q1 profit rises on new product launches, resilient demand

Revenue from operations grew 2.4% to Rs 13.25 billion , despite soft consumer demand initially in the quarter, Managing Director Sandeep Sangwan said

India buys more oil from Russia, less from Iraq, Saudi Arabia in April

Oil imports from Iraq declined by 20-23%, the data showed

Bottler Coca Cola HBC beats revenue estimate for Q1 on strong demand

Price increases are expected to moderate relative to last year because inflation levels are lower, Bogdanovic said

Meta's Facebook, Instagram in EU crosshairs for election disinformation

The Digital Services Act which kicked in last year requires Big Tech to do more to counter illegal and harmful content on their platforms or risk fines of as much 6% of their global annual turnover

Infrastructure output in March rises 5.2%, cement production up 10.6%

Infrastructure output, which accounts for 40% of industrial production, measures activity in eight sectors, including refinery products and electricity

Hyundai Motor Group plans hybrid cars for India in strategy shift: Report

Both Hyundai, which is India's second-largest carmaker, and Kia are targeting the launch of hybrid SUVs in 2026 or 2027, the two sources said, adding that their EV plans for India were also on track

India 'shocked' as Elon Musk's surprise China visit leaves them spurned

India's pained reaction highlights the increasing rivalry between India and China, Asia two largest countries by population and among the region's most dynamic economies

Pak finance ministry sees inflation at 18.5%-19.5% in April, easing in May

Gross domestic product growth for the second quarter of the fiscal year ending in June is estimated at 1% and expected to improve in the second half of the fiscal year, it said in its monthly report

China vows reforms at long delayed party conclave amid challenging economy

The central committee typically holds seven plenums between party congresses, which are held once every five years

Lufthansa, Air France-KLM plan to cut costs after tough first quarter

Air France-KLM said it would tighten spending for the rest of the year, including a freeze on hiring support staff and a vow to stabilise operations, particularly at carrier KLM

Higher consumer spending, investment boost French first quarter growth

Economists broadly expect activity to pick up over the course of the year as lower inflation boost consumers' purchasing power and interest rate cuts fuel an increase in investment

Positive real yields on India govt bonds visible, says SBI official

The inflation-adjusted returns will accrue even if inflation does not ease to the Reserve Bank of India's 4% target and stabilises around 5%, he said

Go First's lenders consider liquidation after court order on planes

Go First's resolution professional did not immediately respond to a Reuters' email seeking comment

Bank of Japan upbeat on consumption, rising service prices, pay hikes

The BOJ ended eight years of negative rates and other remnants of its unorthodox policy last month

German carrier Lufthansa looks to strong summer to shake off strike costs

The airline confirmed its forecast of full-year adjusted earnings before interest and taxes (EBIT) of 2.2 billion euros ($2.3 billion)

Gold price rally could cut India's demand to four-year low, says WGC

Domestic prices of gold hit a record high this month of 73,958 rupees ($885.72) per 10 grams. They have risen more than 13% in 2024 after rising more than 10% in 2023