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RBI asks NBFCs to stick to gold loan cash payout cap of Rs 20,000

Retail credit in India has been growing at a rapid clip, with loans against gold rising threefold over the last four years

US revokes Intel, Qualcomm's export licenses to sell to China's Huawei

The move comes after the release last month of Huawei's first AI-enabled laptop, the MateBook X Pro powered by Intel's new Core Ultra 9 processor

US eyes restrictions on China's access to AI behind apps like ChatGPT

Government and private sector researchers worry U.S. adversaries could use the models, which mine vast amounts of text and images to summarize information and generate content

Westlife Foodworld Q4 results: Profit after tax declines 96% to Rs 76 lakh

The franchisee said consolidated profit after tax fell to 7.6 million rupees ($91,012.8) for the January-March quarter from 200.9 million rupees a year earlier

RBI meets stakeholders to discuss strategies to widen scope, reach of UPI

UPI transaction volumes rose 54% in March, as compared to 60% a year ago

Consumer price inflation likely to eased at 4.8% in April: Reuters poll

While headline inflation has moderated in recent months, food prices, which account for nearly half the consumer price index (CPI) basket, have remained elevated, squeezing household budgets

AstraZeneca withdraws its Covid-19 vaccine, cites 'surplus availability'

According to media reports, the Anglo-Swedish drugmaker has previously admitted in court documents that the vaccine causes side-effects such as blood clots and low blood platelet counts

Rockwell Automation to expand in India with more factories, tech workers

The industrial automation equipment maker, which completed 40 years in India in 2023, counts many manufacturing giants, including Reliance Industries, Mahindra Group and MRF, as its customers

Asia stocks slip, dollar up as policymakers give mixed signals on rate cuts

Crude oil wallowed near two-month lows amid signs of easing supply pressure and continued hopes for a Middle East ceasefire

Election uncertainty could hurt Indian auto sales in May, says Fada

Analysts say concerns around how a new government's financial policies could affect peoples' income, and could discourage consumers from buying vehicles

Amazon breaks Europe's 5G telecoms market through Telefonica cloud deal

The move by the subsidiary of Spanish group Telefonica is a global first where an existing mobile operator is switching its core network to a public cloud

Russia strikes energy facilities in air attack on Ukraine, say officials

Power generation and transmission facilities in the Poltava, Kirovohrad, Zaporizhzhia, Lviv, Ivano-Frankivsk, and Vinnytsia regions were targeted

China's 2024 iron ore imports seen to be around 1.17-1.18 bn metric tons

China's iron ore imports in the first quarter of 2024 totalled 310.13 million tons, up 5.5 per cent from a year earlier, customs data showed

Indian govt bond yields seen rangebound as traders await fresh cues

Yields declined on Monday tracking a drop in US yields, as traders turned optimistic on the Federal Reserve's rate cuts during the year after weaker-than-expected April nonfarm payrolls data

Muthoot Finance accepts bids worth $650 million for dollar-bond issue

The non-banking finance company will use the proceeds for onward lending and other activities permitted under external commercial borrowing guidelines

Musk proposed to launch robotaxis in China during April visit: Reports

Musk on the trip intended to discuss the rollout of FSD and whether Tesla could secure government approvals to transfer data overseas that could prove pivotal in its development of autonomous vehicles

Open to discussing sending Patriot system to Ukraine: Romanian president

Although Romania only has one battery in operation, Prez Iohannis said the discussions concerned another battery that is nearly operational

Microsoft Xbox shuts multiple studios, consolidates teams for cost-cutting

The 'reprioritization of titles and resources' is so that Xbox can invest deeply into its portfolio of games and new intellectual property, according to Booty

Amazon unveils first electric seaport trucks amid push to slash emissions

The e-commerce giant said it already has eight of those semi trucks in use at the Los Angeles/Long Beach port complex, where every so-called drayage truck must be zero-emissions by 2035

Inflation 'settling' high could pose new risks for US Fed, economy

Inflation has been largely stalled for the first three months of the year at a rate, roughly 2.7%, that policymakers regard as still too far above their target to declare the job finished