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BT Group to cut up to 55,000 jobs by 2030 as fibre and AI tech arrive

The company has been working through a transformation plan to build a national fibre network under boss Philip Jansen, as well as rolling out high-speed 5G mobile services

EasyJet has sufficient planes on order for growth targets, says CEO

Supply chain issues mean both plane manufacturers are struggling to deliver new jets on time, but the CEO said that as one of the world's largest A320 family customers, easyJet was well-placed

Anil Agarwal's Vedanta in talks with banks to raise at least $500 million

The group has been depending on money from its units to tackle its debt load, especially after it failed to sell some zinc assets to Hindustan Zinc Ltd for $3 billion

Everstone in talks to sell 41% stake in India's Burger King franchisee

Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, held a 40.9 per cent stake in Restaurant Brands as of March 31, according to Refinitiv data

Tesla discusses incentive scheme for auto sector with Indian officials

Tesla Inc asked how it could take part in domestic incentives in India related to car and battery manufacturing

'More likely than not': Rise in world temp to breach 1.50C by 2027

Weather phenomenon, while distinct from climate change, is likely to boost extremes and bring warmer weather to North America and drought to South America, with the Amazon at greater risk of fires

Pak Police surround Imran Khan's home in search of '30-40 terrorists'

Khan said his re-arrest was imminent. Hours earlier, Islamabad's High Court had granted him a bail extension until May 31, his lawyer Faisal Chaudhry said

Thermax beats Q4 profit expectations on back of strong sales growth

Indian sustainable energy solutions provider Thermax Ltd posted a better-than-expected jump of 52% in fourth-quarter net profit on Wednesday, helped by a 16% rise in sales.

Future Retail receives bids from 6 applicants in bankruptcy resolution

Debt-ridden Future Retail Ltd said on Wednesday it had received bids from six applicants in its insolvency resolution process

GlaxoSmithKline Pharma's pre-tax profit falls 8% on govt pricing caps

India's GlaxoSmithKline Pharmaceuticals Ltd reported an 8.6% fall in its pre-tax profit for the fourth quarter on Wednesday, hurt by the government's curbs on pricing of some essential medicines

JK Tyre reports nearly three-fold increase in Q4 profit to Rs 108 cr

JK Tyre & Industries Ltd reported a nearly three-fold rise in fourth-quarter profit, as raw material costs fell and domestic demand saw a boost.

Burger King's India operator posts bigger loss as costs of essentials rise

Restaurant Brands Asia , earlier known as Burger King India, reported a wider fourth-quarter loss, as it spent more on ingredients at a time when it is also expanding in India and Indonesia

Tesla plans to build EV plant in India for domestic sales, exports

Senior Tesla executives are in India this week to meet the government to discuss local sourcing of parts and other issues, Reuters reported on Tuesday

Traders bet on rate cuts, dollar rises with US debt default risk in focus

By Tom Westbrook and Joice Alves

KFC-operator India's Devyani's profit falls on expenses, demand slowdown

Revenue from operations surged 28% to 7.55 billion rupees as it opened 66 new stores. However, revenue slipped around 5% from the previous quarter

Banks express concern over high overnight funding costs, ask for RBI's help

Indian banks put forth their concerns over elevated overnight rates at a money markets association meeting last week and have informally asked the Reserve Bank of India to help manage liquidity

Bank of Baroda 'well protected' for switch to RBI's new loan-loss proposal

Its gross non-performing assets (NPA) ratio fell to 3.79% in the fourth quarter from 4.53% in the previous quarter, while its net NPA ratio fell to 0.89% from 0.99% for the same period

Q4 profit more than doubled on soaring demand, says Oberoi Realty

Indian real-estate developer Oberoi Realty Ltd said on Tuesday fourth-quarter profit more than doubled, boosted by strong bookings as the demand for housing saw an upswing in the country

Jindal Steel's Q4 profit down 70% as prices fall, cost of raw material rise

Jindal Steel and Power Ltd reported a 69.5% fall in quarterly profit on Tuesday, hurt by lower steel prices and higher costs of raw materials like iron.

Crack down on 'resale' of Russia oil: EU foreign policy chief Josep Borrell

India has emerged in the past year as a top buyer of Russian oil following the war