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BlackRock, Citadel Sec-backed group to start new stock exchange in Texas

The Texas Stock Exchange, which has raised about $120 million, plans to file registration documents with the Securities and Exchange Commission (SEC) later this year

Chinese AI chip firms downgrading designs to secure TSMC production

Two top Chinese AI chip firms, MetaX and Enflame, submitted downgraded designs of their chips to TSMC in late 2023 to comply with US restrictions

India aviation industry losses to widen to $400-600 mn in FY25: CAPA India

Despite infrastructure limitations, India is currently the world's fastest-growing aviation market with demand surpassing the supply of jets

PM Modi's weaker mandate to slow India's fiscal tightening, says Moody's

India's benchmark 10-year bond yield saw its biggest surge in eight months following the poll outcome

Early Tesla bulls giving up on stock, as doubt on future growth loom

The company's shares are down nearly 30 per cent this year and have fallen by more than 50 per cent since their 2021 high

Hindalco-owned Novelis delays IPO amid weak market conditions, shares fall

The delay will likely have a short-term negative impact on Hindalco, said Sneha Poddar, associate vice president at Motilal Oswal Financial Services

May services growth cools to five-month low of 60.2 from April's 60.8: PMI

The final HSBC India Services purchasing managers' index, compiled by S&P Global, fell to 60.2 last month from April's 60.8, confounding a preliminary reading for a rise to 61.4

Govt bond yields little changed, market jittery post election verdict

The yield saw its biggest single-session climb since Oct. 6 on Tuesday

Ex-Meta engineer sues company, says was fired over handling of Gaza content

Palestinian-American engineer who had been on Meta's machine learning team since 2021, sued the social media giant in a California state court for discrimination and wrongful termination

Rupee to rely on RBI's help amid foreign outflows post PM Modi's narrow win

Non-deliverable forwards indicate the rupee will open largely unchanged from 83.53 in the previous session

US House lawmakers seek antitrust probe of OPEC, other oil companies

Major oil producers appear to be colluding with each other and foreign cartelsto keep prices high, padding their profits at the expense of American consumers, lawmakers said

Asian stocks rise, dollar steady on rate-cut wagers, spotlight on India

Investor worries of a cooling US economy, however, kept a lid on risk appetite, while the focus in Asia is on how Indian markets fare after stocks sank and the rupee slid

Foreign outflows from markets hit record after weaker Modi mandate

This was the worst session since March 2020 for both the blue-chip indexes

Cyberattack targeted brands, celebrity accounts including CNN, says TikTok

TikTok said that the number of accounts compromised is "very small" and it is working with affected account owners to restore access if needed

Trump Media asks Nasdaq to cooperate with investigation in shares trading

Devin Nunes, CEO of Trump Media & Technology Group , in a letter has requested Congress to urge the Financial Industry Regulatory Authority to issue electronic blue sheets for TMTG's trading data

China gives 1st approvals for public trials of advanced autonomous driving

The auto industry has defined five levels of autonomous driving, spanning driver assistance features such as cruise control at level one to fully self-driving cars at level five

Netanyahu prolonging Gaza war for political aims: US President Biden

Israeli government spokesperson David Mencer, asked about the interview, said it was "outside the diplomatic norms of every right-thinking country" for Biden to make such comments about Netanyahu

LS polls: Foreign outflows from markets hit record after weaker BJP mandate

This was the worst session since March 2020 for both the blue-chip indexes, when markets tanked due to Covid-19 lockdown restrictions

PM Modi's key allies stand by him despite surprise weaker showing in polls

The Telugu Desam Party (TDP) and Janata Dal (United) said their pre-poll alliance with Modi's Bharatiya Janata Party (BJP)was intact and they would form the next government

Opec oil output increases in May, led by Nigeria, Iraq, survey shows

Several members of Opec+, which includes Opec, Russia and other allies, made new cuts in January to counter economic weakness and increased supply outside the group