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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

Russian firms investing rupee surplus in Indian govt debt: IBA chief

IBA chief Sunil Mehta is the first senior official to confirm that Russian funds in Indian banks were being invested into government securities as it gives them the advantage of easy liquidity

OpenAI CEO Sam Altman proposes licences for building AI to US Congress

Some critics fear the technology will exacerbate societal harms, among them prejudice and misinformation, while others warn AI could end humanity itself

No one can join Tesla unless I personally approve, says CEO Elon Musk

Musk named former NBC Universal advertising chief Linda Yaccarino as Twitter's new CEO last week

J&J's proposed talc settlement would pay $400 million to US state AGs

J&J subsidiary LTL Management filed a bankruptcy plan in New Jersey late on Monday that details how the company intends to pay different types of cancer victims in a bankruptcy settlement

Was unaware of bank's problems when stocks were sold, says ex-SVB CEO

Becker, who sold SVB shares through the first quarter - the largest sale of which occurred on Feb 27, less than two weeks before the bank collapsed on March 10

US factories production surges in April as motor vehicles output rises

Capacity use for the manufacturing sector increased 0.7 percentage point to 78.3% in April. It is 0.1 percentage point above its long-run average

Redington posts record Q4 revenue on strong demand for laptops, phones

IT products distributor Redington reported 26% increase in quarterly revenue, boosted by demand for laptops and mobile phones

Granules profit up 7.8% to Rs 120 crore boosted by drug ingredient business

Granules India reported a 7.8% rise in fourth-quarter profit, spurred by strong growth in its business of making active pharmaceutical ingredient (API) for drugs

Jubilant Ingrevia Q4 profit slump 24% as supplements faced headwinds

Consolidated net profit fell to 523.1 million rupees ($6.4 million) for the three months ended March 31 from 685.9 million rupees a year earlier, marking the fourth straight quarter of earnings drop

Commercial real estate lull to continue for at least 2 years: Anarock

By Savio Shetty

Infra lender NaBFID to sanction loan worth Rs 1 trillion this fiscal

By Ira Dugal

Indian Oil posts first profit increase in 5 quarters as crude prices cool

IOC's revenue from operations rose almost 10% to Rs 2.26 trillion

Reliance sells diesel at a cheaper rate than state fuel retailers: Dealers

Fuel JV of Reliance, BP is selling diesel at about Rs 1 a litre lower than state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum, 6 fuel station dealers under Jio-BP brand said

Go First backs emergency arbitration in dispute with Pratt & Whitney

The airline argued that the US firm supplied "faulty" engines and failed to replace them on time, resulting in the grounding of half of its fleet

Market regulator warns against premature conclusion to Adani probe

India's Supreme Court is hearing an appeal from SEBI to give it an additional six months to complete its probe into the Adani group

China launches projects to build 'new-era' marriage, childbearing culture

China implemented a rigid one-child policy from 1980 until 2015 - the root of many of its demographic challenges. The limit has since been raised to three children

Washington is determined to govern artificial intelligence, but how?

But the focus on risks seems insufficient to Democratic Senator Michael Bennet, who introduced a bill calling for a government AI task force

Turkey faces election runoff, Recep Tayyip Erdogan seen with momentum

Nationalist candidate Sinan Ogan says he will endorse only Kilicdaroglu in the runoff

TPG to buy alternative investment firm Angelo Gordon in $2.7 bn deal

Major private equity firms have been looking to expand beyond their mainstay business as the equity funding market loses steam