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Microsoft lays out spending plan to meet artificial intelligence demand

Wall Street is looking at how generative AI services may benefit Microsoft, which secured an early lead with investments in OpenAI, owner of the popular ChatGPT service

Nissan to invest up to 600 mn euro in Renault EV unit as part of new pact

The investment in Ampere is consistent with Nissan being a strategic investor and securing a board seat on the new company, Nissan said

Google search engine emerges unfazed from Microsoft's Bing challenge

The world's fourth most valuable firm was set to add more than $100 billion to its market capitalisation, based on premarket movements

Working with Pratt & Whitney amid latest engine probe, says IndiGo

IndiGo operator InterGlobe Aviation said on Wednesday it is working with Pratt & Whitney to assess any potential impact on its fleet

Centre proposes to sell upto 5.36% from its 78.2% stake in Rail Vikas Nigam

The Indian government will sell a stake of up to 5.36% in state-owned Rail Vikas Nigam this week, in a deal that could fetch 13.3 billion rupees ($162.12 million), an exchange filing showed

Dollar slips before Fed decision, euro rises on ECB rate hike bets

The dollar index, a measure of the US currency against six major peers, fell 0.109% but was close to an almost two-week high touched on Tuesday

BRICS' NBD not considering new projects in Russia, says bank head

The New Development Bank (NDB), the multilateral bank set up by the BRICS states, is not considering new projects in Russia

Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million

Multiple block deals were seen in RBL Bank on Wednesday and the stock ended up 7.1%

PMO probing dumping of Chinese stainless steel, said Abhyuday Jindal

Stainless steel producers have petitioned the government to impose countervailing duty (CVD) on Chinese stainless steel products

Jindal Stainless posts 50% jump in Q1 profit on robust domestic demand

Domestic sales grew 54% year-on-year owing to the pre-festive season demand, which picked up in consumer segments, the company said in a statement

Tax council to meet on Aug 2 to finalise online gaming tax: Report

Since the first announced its plan for the tax on Jul 11, the gaming industry and its investors have asked it to review the decision, which will increase the tax burden on both companies and consumers

Foxconn, chip giants head to Modi's home state for India conference

India wants to establish itself as a semiconductor manufacturing hub, rivaling the likes of Taiwan, and the high demand for chips means the local market will be worth $80 billion by 2028

REC posts 21% rise in Q1 profit aided by interest income on loan assets

Interest income on loan assets, which accounts for 94.4% of revenue from operations, rose nearly 13% to Rs 10,465 cr

Teamlease sees drop in profit again as rising costs, IT slowdown bite

The company, which hires and trains people in various skills before supporting their placements, said consolidated net profit fell 0.5% to 264 million rupees ($3.22 million) in the April-June quarter

Tomato price shock hits Indian restaurants, cheaper puree sales boom

Tomato prices on Wednesday in New Delhi were 199 rupees/kg, from around 30 rupees in April. Puree prices have so far not changed

Cambodia's Hun Sen to step down as PM, Hun Manet to take over as leader

The newly elected parliament would convene on Aug 21 and a new cabinet would be sworn in on Aug 22, Hun Sen said

Global rice market set for government deals as India's ban curbs supplies

Buyers from Africa to Asia are likely to scramble for rice shipments as supplies tighten in coming months following India's decision last week to ban non-basmati white rice exports

Rupee may struggle on uptick in US yields before Federal Reserve decision

Non-deliverable forwards indicate the rupee will open marginally lower to the U.S. dollar, compared with 81.87 on Tuesday

Pratt & Whitney engines on hundreds of Airbus A320neo jets recalled

Pratt & Whitney parent shares tumble

India's rice restrictions could fuel food price inflation: IMF economist

India's move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, IMF chief economist Pierre-Olivier Gourinchas said on Tuesday