Page 357 - Reuters%20/undefined

Edtech firm's founder Byju Raveendran faces reckoning as startup implodes

Accused of financial mismanagement and compliance issues, the son of family of teachers from a small village in south India faces a reckoning that will test the ingenuity that made him a poster child

US election: World leaders react to Biden ending reelection campaign

German Chancellor Olaf Scholz said that Joe Biden has achieved a great deal: for his country, for Europe, for the world

Biden pulls out of reelection bid; backs Harris for US Presidential polls

Biden, in a post on X, said he will remain in his role as president and commander-in-chief until his term ends in January 2025 and will address the nation this week

Economy booms, pvt sector continues to expand, but youth chases govt jobs

Since 2014, India's GDP has grown from $2 trillion to near $3.5 trillion in fiscal 2023-24 (April-March) and is expected to expand 7.2 per cent in the current year

About 8.5 mn devices got affected by CrowdStrike-related outage: Microsoft

We currently estimate that CrowdStrike's update affected 8.5 million Windows devices, or less than one percent of all Windows machines, Microsoft said in a blog

Boeing restoring output, expects 787 suppliers to catch up by year end

Boeing halted deliveries of the 787 widebody jet for more than a year until August 2022 as the FAA investigated quality problems and manufacturing flaws

PSU refiner BPCL expects further cuts in oil OSPs as fuel margins drop

Indian refiners have also raised imports of Russian crude sold at discounts after Western nations imposed a raft of sanctions against Moscow for its invasion of Ukraine

Meta chief Zuckerberg won't endorse Trump or Biden in elections: Report

Meta has frequently called out Trump's posts for containing misinformation and breaching content rules on its platforms

Banking to healthcare operations: What caused the global cyber outage?

George Kurtz, CrowdStrike's CEO, said in a post on X that CrowdStrike had deployed a fix for the issue. "This is not a security incident or cyberattack," he wrote

'Blue screen of death': Underlying cause of outage fixed, says Microsoft

CrowdStrike CEO George Kurtz said on social media platform X that a defect was found "in a single content update for Windows hosts" that affected Microsoft's customers and that fix was being deployed

Gold prices decline from all-time peak on profit taking, firmer dollar

Spot gold was down 1.9% at $2,399.13 per ounce by 1709 GMT. Bullion hit an all-time high of $2,483.60 on Wednesday

Insolvency proceedings will force edtech major Byju's to shut down: CEO

The 452-page filing at the High Court of Karnataka, made by Raveendran's counsel MZM Legal, is not public but has been reviewed by Reuters

ONGC Videsh to pay Equinor $60 million for stake in Caspian Sea oil assets

OVL, overseas investment arm of India's top explorer, will buy 0.615% stake in the oilfield and a 0.737% share in Baku Tbilisi Ceyhan (BTC) pipeline from Equinor, it said in stock exchange filing

ICICI Lombard Q1 results: PAT up 49% to Rs 580 cr on motor insurance boost

Profit after tax rose to 5.80 billion rupees ($69.4 million) for the quarter ended June 30 from 3.90 billion rupees a year earlier, the company said in an exchange filing

Vietnam's ruling Communist Party chief Nguyen Phu Trong dies at 80

Vietnam's President To Lam took over Trong's duties on Thursday when the party announced aging leader needed to focus on medical treatment

Major US airlines ground flights amid global Microsoft outage roils ops

American Airlines, however, later said in a statement it had re-established operations. Frontier and Spirit too cancelled directives to ground planes

World stocks dip amid economic uncertainty, global outage disruptions

European shares slipped, Asia shares fell following an overnight selloff on Wall Street, and U.S. stock futures pointed to a weaker open later in the day.

Early US back-to-school sales accelerate peak ocean shipping season

"It looks like this year, July is in fact the peak of peak (season), instead of the beginning," said Stephanie Loomis, Rhenus Logistics' head of ocean freight for the Americas

BPCL Q1 results: Net profit declines 71% to Rs 3,015 cr on higher costs

The state-owned firm's standalone net profit fell 71% to 30.15 billion rupees (around $360 million) for the three months ended June 30

Trump tramples on Republican Party's effort to revamp his image during RNC

Early in his speech on Thursday night, as he accepted his party's presidential nomination at RNC in Milwaukee