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JK Tyre Q4 results: Net profit rises 56.2% to Rs 169 cr on sustained demand

Consolidated net profit rose for the sixth straight quarter to Rs 169 crore ($20.29 million) for the three months ended March 31 from Rs 108 crore a year earlier

TotalEnergies moves ahead on $6 billion Kaminho oil project near Angola

The $6 billion project involves developing two oil fields located in Block 20/11, Cameia and Golfino, according to a statement from Angola's national hydrocarbon agency ANPG

RBI bought net $13.25 bn in spot forex market in March, shows bulletin

The RBI said it purchased $14.84 billion and sold $1.59 billion during the month. In the previous month, it had bought a net $8.56 billion in the spot market

Arvind Fashions Q4 results: Profit jumps two-fold to 24 cr, revenue up 4%

Demand for premium products aimed at high-income consumers remains a key driver of sales growth

1 dead, 30 injured as London-Singapore flight encounters severe turbulence

The Boeing 777-300ER plane with 211 passengers and 18 crew was headed to Singapore when it made the emergency landing, the airline said in a statement

Yellen urges German banks to boost compliance with US sanctions on Russia

"Russia continues to procure sensitive goods and to expand its ability to domestically manufacture these goods. We must remain vigilant and be more ambitious," Yellen said

With inflation falling fast, will Bank of England quickly cut rates?

Much of the drop in headline consumer price inflation - from a peak of 11.1 per cent a year and a half ago - is due to falling energy prices which are beyond the BoE's control

AstraZeneca aims to grow its total revenue by 75% to $80 bn by 2030

The Anglo-Swedish drugmaker had reported total revenue of $45.81 billion last year and earlier expected to launch at least 15 new medicines between 2023 and 2030

Pakistan's GDP grows 2.09% in Q3 supported by higher growth in agriculture

The bureau revised the first and second quarter GDP estimates for financial year 2023-2024 to 2.71 per cent and 1.79 per cent respectively, compared to earlier estimates of 2.5 per cent and 1 per cent

Britain's regulator seeks to rein in Mastercard and Visa fees on retailers

Cards are the most popular form of payment in Britain, with 27.1 billion transactions in 2022 worth 954 billion pounds

IBM's open source models to help Saudi Arabia train AI systems in Arabic

To make money off the models, IBM offers a paid tool it calls Watsonx that helps run the models smoothly inside a data center after they have been customised

GSK's trial drug Depemokimab shows reduction in severe asthma attacks

This form of asthma is characterised by high levels of eosinophils, which is a type of white blood cell.

India's Russian oil imports rise to 9-mth high in April as shipments resume

India, the world's third-biggest oil importer and consumer, is the top client for Russian seaborne oil

Australian telecom Telstra to cut nearly 2,800 jobs as competition stiffens

Telstra had more than 31,000 employees as of August 2023 according to its annual report

Apple supplier Foxconn among firms asked to cut power use in Vietnam

The request to Foxconn was an encouragement, not a requirement and has not had any impact on production, one of the people said

Govt reaffirms restrictions on import of non-compliant electronic products

There is no implication of this notification. The import policy for these categories in question were restricted anyway, so its status quo, a government official aware of the matter said on Tuesday.

Bond yields seen easing as Indian govt cuts T-bill supply for 6 weeks

The 7.18 per cent 2033 bond yield is expected to trade between 7.05 per cent and 7.10 per cent, after ending at 7.0925 per cent, a trader with a state-run bank said

AI-intensive sectors show surge in workers' productivity, says PwC

The data suggested that the rise of artificial intelligence could help countries to break out of a rut of low productivity growth which would boost economic growth, wages and living standards

US elections 2024: Here's a list of candidates running for President's post

Trump, in office from 2017-2021, has secured enough delegates to clinch the Republican nomination, setting up the first presidential rematch in nearly 70 years

Will step down once successor is announced, says FDIC chair Gruenberg

Gruenberg had clung to his job since November when a Wall Street Journal report exposed widespread misconduct at the FDIC, despite outcry from multiple congressional Republicans and some Democrats