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Carlyle, Premji Invest eye stake in auto loan firm TVS Credit: Report

"There are two components to this business - the older, stable motor-financing arm and the new-age loans and services, which can be an add-on growth lever," the report said citing source

NMDC in talks with Australia's Hancock for lithium mining: Report

Separately, NMDC is working on plans to export low-grade iron ore to China, the report said

USFDA puts partial clinical hold on Sun Pharma's dermatological drug

USFDA put a partial clinical hold on its application for an experimental dermatological drug due to the potential of thrombotic events

Govt cuts windfall tax on petroleum crude to Rs 4,100/tonne from Rs 6,400

The government left the windfall tax on petrol, diesel and aviation turbine fuel at zero

Oil prices decline as economic growth concerns offset Opec+ cuts

The failure to reach more solid ground above $80.50 in Brent points to continued selling interest amid the well known gro­wth/ demand concerns

First Republic Bank seized, sold to JPMorgan for nearly $10.6 billion

Shares halted for trading after pre-market plunge of 43%; other regional banks sink, too

General Motors lays off several hundred full-time contract workers

The Detroit automaker did not immediately respond to a Reuters request for comment. GM shares were up about 2.5% to $33.86

Adani-owned NDTV profit plunges about 98% on weak advertising demand

NDTV reported a consolidated net profit of 5.9 million rupees ($72,206.58) for the quarter ended March 31, compared with 241.6 million rupees a year earlier

US manufacturing sector contracts for sixth straight month in April

The sector, which accounts for 11.3% of the economy, is being weighed down by the Federal Reserve's fastest interest rate hiking campaign since the 1980

Maruti Suzuki expects recovery in semiconductor chip shortage in Q2

By Anuran Sadhu

Timeline: Road to First Republic Bank's collapse; to be sold to JPMorgan

Last week, First Republic reported a more than $100 billion plunge in deposits in the first quarter that sparked a brutal sell-off in the lender's shares

US FDA panel backs restricted use of AstraZeneca's prostate cancer drug

Lynparza is already approved by the FDA to treat a type of breast cancer, ovarian cancer, as well as a different form of prostate cancer

Twitter to take 10% cut on content subscriptions after 12 months: Elon Musk

He added that the cut taken by iOS and Android platforms on subscriptions will drop to 15% in the second year from 30% in the first

Gasoil, gasoline sales of PSUs rose by 4.8% in April to 238,500 tonnes

Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity

India's April factory activity hits 4-month high of 57.2 on robust demand

The survey results suggest India will continue to be one of the fastest-growing major economies despite slowing global growth that has undermined momentum across several other countries

Currencies in limbo amid Labour Day holiday in most Asian markets

Weighing on risk sentiment on Monday was the unexpected contraction in China's manufacturing activity in April

SoftBank Group's chip maker Arm registers for blockbuster US IPO

The IPO registration shows that SoftBank is pressing ahead with the blockbuster offering despite adverse market conditions, after saying in March that it planned to list Arm in the US stock market

G7 nations agree on 'risk-based' artificial intelligence regulation

Governments have especially paid attention to the popularity of generative AI tools such as ChatGPT

PM Modi, US President Joe Biden to meet in Papua New Guinea next month

Biden's May 22 stopover in the capital Port Moresby would be the first visit by a sitting US president to the resource-rich but largely undeveloped country of 9.4 mn people just north of Australia

Sudan crisis: Fighting continues, ceasefire set to end at midnight

Army says heavily armed wing of police force deployed; ICRC delivers emergency medical aid