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MTNL deposits bond interest payout after invocation of govt guarantee

The struggling state-run company had received Rs 936 million ($11.21 million) from the government for the interest payment as per the guarantee agreement for the bonds

Edtech major Byju's to appeal against insolvency proceedings this week

Byju's has suffered numerous setbacks in recent years, including boardroom exits and a tussle with investors

HSBC appoints Georges Elhedery as group chief executive, replaces Quinn

Since 2020, Elhedery had been the co-head of the Global Banking and Markets business

Byju's journey from startup star to facing insolvency: All you need to Know

Byju's, which has denied mismanagement, says the investors don't have the power to vote out its CEO

Five biggest challenges Quinn leaves for HSBC's new CEO Georges Elhedery

HSBC's net interest income, which accounts for half its revenues, rose $5.4 billion in 2023 to nearly $36 billion. But it is expected to fall back to $33 billion this year

Former Trump rivals Haley, DeSantis endorse him at Republican convention

Haley, who had described Trump as unelectable and unfit for office during her campaign, nevertheless urged her supporters to vote for him over Democratic President Joe Biden

Trump asks Taiwan to pay for US defence, sending TSMC's stock down

Taiwan Premier Cho Jung-tai, responding to Trump's comments, said Taiwan and the US have good relations despite the lack of formal ties, and is dedicated to bolstering its defences

Govt to stick to Feb budget targets despite losing majority, shows poll

While relying on some regional parties to form the government, the BJP has retained most ministers from its second term, signaling continuity in fiscal policy

Considering Jamie Dimon for US Treasury, won't oust Fed's Powell: Trump

Powell said on Monday he has no plans to leave his post as head of the US central bank before his term expires

Elon Musk to move SpaceX, X headquarters to Texas from California

With these steps, the billionaire, will have relocated Tesla and most of the businesses he controls or heads to Texas

Morgan Stanley Q2 profit soars on investment banking, beats expectations

Morgan Stanley shares rose almost 2%, reversing earlier losses, as CEO Ted Pick expressed confidence in its dealmaking prospects

Taboola signs advertising agreement with Apple, shares surge by 11%

The agreement strengthens Taboola's portfolio of reselling contracts with one of the world's most well-known brands and gives Apple an opportunity to expand its advertising business

Saudi Aramco signs pact to buy 50% of APQ's blue hydrogen business

Financial details of the transaction for Blue Hydrogen Industrial Gases Company (BHIG) were not disclosed, but Aramco said the deal includes options for it to buy hydrogen and nitrogen

Canada inflation cools more than expected to 2.7% ahead of rate decision

Tuesday's data showed that headline inflation was cooler than the Bank of Canada's 2.9 per cent inflation forecast for the end of the first half of 2024

UK starts probe into Microsoft's hiring of former Inflection AI staff

In March, Microsoft hired Mustafa Suleyman, co-founder of Google DeepMind, as head of its newly-created AI unit, followed by a number of employees from Inflection, which he set up in 2022

Ola Electric likely to set valuation at around $4.5 billion for IPO

Indian markets regulator in June approved Ola's $660 million stock market listing, the first IPO by an EV-maker in India and which is set to be one of country's largest share sales this year

BofA's Q2 profit declines to $6.9 bn on shrinking interest income

A better-than-expected forecast for fourth-quarter net interest income (NII), however, sent shares up 1% in premarket trade

Farmers rush to plant summer crops amid above-average monsoon rainfall

Summer rains, critical for economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8, allowing farmers to plant summer crops

Google deal for cyber firm Wiz would bolster cloud security offerings

Alphabet is in advanced talks to acquire Wiz, a person familiar with the matter said on Sunday, in an up to $23 bn deal that would be Google's most expensive acquisition

UnitedHealth beats Q2 profit estimates, raises Change Healthcare hack costs

UnitedHealth currently estimated the total 2024 impact from the hack to be between $1.90 to $2.05 per share. It had previously projected a hit of $1.15 to $1.35 per share