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India's diesel sales soar, overall fuel consumption eases in April

Consumption was down to about 18.41 million tonnes from 18.45 million a year ago

HSBC agrees to buy its China fund management joint venture partner

HSBC, which currently owns a 49% stake in HSBC Jintrust Fund Management, has signed an agreement with Shanxi Trust under which the Chinese state-owned company will sell its 51%

UPL's profit declines by 42% in March quarter as raw material costs surge

The Mumbai-based company's revenue from operations rose 4.5% to 165.69 billion rupees, with its Latin American operations raking in about 39% of the total revenue

Oil Ministry panel proposes ban on 4-wheeler diesel vehicles by 2027

By Nidhi Verma

Go Airlines asks firms's tribunal to urgently pass order on bankruptcy plea

Go Airlines asked country's company law tribunal to urgently pass an order on its insolvency plea, citing lessors' efforts to take back planes, per the court hearing

Russia's Wagner group appears to do U-turn on Bakhmut withdrawal

Elsewhere, Ukrainian and Russian media reported explosions across Russian-occupied Crimea

TPG-backed RR Kabel files for IPO to raise up to $27.5 million

Indian wire and cable maker RR Kabel Ltd., backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to $27.53 million

Temasek considers investing $100 million in jeweller BlueStone: Report

The potential deal could boost BlueStone's plans to expand aggressively in India, the second-largest jewellery consuming nation behind China, as demand surges after the pandemic

Inflation slightly above 'tolerance limit', govt working to control it: FM

India's annual retail inflation for March rose at the slowest pace in nearly 15 months

MSCI to lower free float of two Adani companies in its May index review

MSCI now sees the Adani Total Gas' free float at 14% and Adani Transmission at 10%, from 25%

AI's threat to world may be 'more urgent' than climate change: Pioneer

He added: "With climate change, it's very easy to recommend what you should do. If you do that, eventually things will be okay. For this it's not at all clear what you should do"

Wall Street climbs as investors cheer upbeat Apple earnings; Dow up 1.3%

US employers add 253,000 jobs in April; Lyft slumps as lower fares stoke margin concerns

Apple stakes future growth on emerging markets, starting with India

By Stephen Nellis

Covid-19 no longer represents a global health emergency, says WHO

The WHO's emergency committee first declared that Covid represented its highest level of alert more than three years ago, on Jan. 30 2020

US job growth beats expectations in April; unemployment rate falls to 3.4%

Average hourly earnings gained 0.5% after advancing 0.3% in March. Wages increased 4.4% on a year-on-year basis in April after climbing 4.3% in March

Britannia Industries Q4 results: Net profit rises 47% on strong demand

Total revenue from operations rose more than 13% to Rs 4,023 crore, helped by an expansion in its distribution network

World food prices index rise in April for first time in a year: FAO

The Rome-based agency said the April rise reflected higher prices for sugar, meat and rice, which offset declines in the cereals, dairy and vegetable oil price indices

India's forex reserves rise to a 10-month high of $588.78 billion

For the week to which the forex reserves data pertains, the rupee had ended 0.3% higher against the U.S. dollar and traded in a range of 81.61 to 82.10. The local unit had hit a three-month high of 81

India considering allowing foreign investment in nuclear power industry

The recommendations will next be submitted to Modi's office, said the officials, without giving a timeline

Go First locks horns with lessors in a bid to begin bankruptcy hearings

By Arpan Chaturvedi and Siddhi Nayak