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Saudi Aramco sees 'sound' oil outlook for H2CY23 on China, India demand

Brent crude futures are down about 14 per cent since the start of the year as rising interest rates hit investor appetite

It was a protest, not an attempt to overthrow regime: Wagner leader

Putin 'reappears' as govt calls on nation to unite behind him; Prigozhin still faces mutiny case

US stocks muted as rate hike worries linger, Russia tension simmers

Tech stocks, particularly chips, put the Nasdaq out front, with the S&P 500 showing a more modest gain

Google asks Supreme Court to quash Android antitrust directives: Report

In March an Indian tribunal gave partial relief to the Alphabet Inc unit by setting aside four of the 10 directives in the case

US Supreme Court declines to hear Nike, Adidas tech patent dispute

Adidas petitioned the patent office tribunal to cancel one of Nike's patents related to making seamless knitted upper components for athletic sneakers in 2012

Pakistan hikes policy rate to 22% to secure IMF deal in a last-ditch effort

"The MPC views this action as necessary to keep real interest rate firmly in positive territory on a forward-looking basis," the central bank said in a statement

IBM to buy software firm Apptio for $4.6 bn to bolster cloud offering

IBM said it will finance the transaction with cash on hand and expects the deal to close in the latter half of 2023

Iron ore miner NMDC plans $61 mn investment to foray into gold mining

NMDC is "on track" to secure a lease for the Chigargunta-Bisanatham gold block soon, having signed a letter of intent over the project with the state government late last year

Pfizer to discontinue development of obesity drug due to side effects

Pfizer has been developing treatments to target weight loss in diabetes and obesity patients, as it races to target a market estimated to reach $100 billion by the end the of decade

Pernod Ricard's India head of corporate affairs Yashika Singh quits

Singh, who headed corporate affairs for the Indian market, with focus on regulatory matters, including related to manufacturing and government policy, resigned last week

Recession risk, rate rises drive down private equity deals to 4-yr low

Since the start of the year, buyout firms have been unable to secure cheap debt and have had to draw on their own funds, marking a departure from traditional leveraged buyouts

Infosys signs $454 mn deal with Danske Bank to boost digital transformation

The deal is valued at $454 million for a period of 5 years with an option to renew for one additional year for a maximum of three times

Russia back in financial investors' focus after the weekend mutiny

China supports Russia in maintaining its national stability, the country's foreign ministry said

Russia turmoil could take months to play out: US Secretary of State Blinken

Blinken in series of television interviews said tensions that led to aborted mutiny by forces led by Yevgeny had been rising for months and that turmoil could affect Moscow's capabilities in Ukraine

Pakistan's parliament approves revised 2023-24 budget to clinch IMF deal

The IMF in mid-June expressed dissatisfaction with the country's initial budget, saying it was a missed opportunity to broaden the tax base in a more progressive way

BIS warns the world economy at critical juncture in inflation fight

Despite relentless rate hikes over last 18 months, inflation in many top economies remains high, while jump in borrowing costs triggered serious banking collapses since financial crisis 15 years ago

Edtech major Byju's tells investors it will file 2022 earnings by Sept

Deloitte said on Thursday it was severing ties with Byju's, one of India's most successful startups, over its "long-delayed" financial statements for the year ended March 2022

Byju's staff say morale waning amid turmoil amid layoffs at edtech firm

Byju's has already let go of several thousand employees this year due to slowing demand and it is locked in a legal battle with its lenders and faces regulatory scrutiny

Ambitious plans for US-India technology sharing face export rules hurdle

Standing in the way are strict U.S. rules governing export of defense technology, including International Traffic in Arms Regulations (ITAR)

India's forex reserves rise to $596.10 billion in week to June 16

The rupee had risen 0.6% in the week ending June 16, logging its best week in over three months. It traded in a range of 81.8575 to 82.4750 during that week