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US economic growth in Jan-Mar slows to a 2-year low; inflation surges

The economy grew at a 3.4% rate in the fourth quarter. The first quarter growth's pace was below what U.S. central bank officials regard as the non-inflationary growth rate of 1.8%

Global wine demand drops to 27-year low as prices hit record high

The fall in demand last year was particularly big in China, estimated at minus 25%

Russia reinsurer backs firms to get India marine insurance permit

India has approved the three new insurers after Russian National Reinsurance Company (RNRC) provided a financial guarantee, the two sources with direct knowledge of matter said

FirstCry set to withdraw $500 million IPO papers after regulatory scrutiny

For the year ended March 31, 2023, its losses jumped six times to $57.6 million, while its total income more than doubled to $684 million, its draft papers show

RBI plans curbs on suspect bank accounts to fight cyber fraud: Report

The suspensions would target accounts frequently misused to transfer funds gained from cyber crime, both government sources said

Dow sees quarterly sales below estimates over weak consumer durables demand

Retail sales in Germany, Europe's largest economy, fell unexpectedly in February, while the continent's manufacturing activity continued its decline during the first quarter

GlaxoSmithKline sues Pfizer, BioNTech over Covid-19 vaccine technology

GSK said in the lawsuit that Pfizer and BioNTech's Comirnaty vaccines violate the company's patent rights in mRNA-vaccine innovations developed "more than a decade before" the outbreak of COVID-19

US, 17 other countries urge Hamas to release hostages, end Gaza crisis

The 18 countries all have citizens held by Hamas six months after the Palestinian militant group launched its Oct. 7 assault on southern Israel and killed 1,200 people

Will continue to invest in tie-ups with Chinese firms, says Mercedes-Benz

China is 'the most dynamic new energy vehicle market', country chief Hubertus Troska said at a press conference on the opening day of the Beijing auto show

Nasdaq down over 2%, Dow falls 500 points on US GDP growth data

Meta plunged 14.7% after the Facebook-parent forecast higher expenses and lighter-than-expected revenue

Engineering goods exports up 10.7% in March to $11.28 billion: EEPC

Exports have been dented by a slowdown in global demand, the ongoing Russia-Ukraine war and the Red Sea shipping crisis brought on by conflict in the Middle East, exporters said

Rice export prices fell to 3-month low on shrinking demand, ample supplies

India's 5% broken parboiled variety was quoted at $528-$536 per ton this week, down from last week's $538-$546. Prices hit a record high of $560 last month

Cyient Q4 results: Net profit rise 15.9% at Rs 189 crore, revenue up 6.3%

The company's digital, engineering and technology segment accounted for 80% of its overall revenue

L&T Technology Q4 result: Revenue rises 7% aided by strong deal wins

Consolidated net profit rose marginally to Rs 341 crore

IndiGo places first-ever widebody aircraft order for 30 Airbus A350 jets

Such a deal would be worth more than $9 billion, as per the last catalogue rates published in 2018

India seeks overseas help for lithium processing to avoid relying on China

New Delhi is in the process of auctioning its first mining rights to lithium blocks, which were discovered last year in the Jammu and Kashmir region and the states of Chhattisgarh

Harley-Davidson quarterly profit declines by 23% owing to slow demand

Global motorcycle shipments, including those of Cruiser, Trike and Touring bikes, fell 7% in the quarter from a year earlier

Welspun Living Q4 results: Net Profit increases 16% to Rs 146 crore

Analysts expect a further increase in demand and easing prices of key raw materials, such as cotton, to boost textile firms' bottomline in the next few quarters as well

Glenmark Life Sciences Q4 results: Profit down 33% at Rs 97.9 crore

Revenue from its API business, its biggest, fell 8.6% in the fourth quarter, leading to a nearly 14% fall in its total revenue

Unilever's Q1 result beats sales forecast as customers return to brands

Sales volumes climbed 2.2 per cent, the second quarter of growth after several declines. Prices were also up 2.2 per cent