Page 442 - Reuters%20/undefined

Anil Agarwal-led Vedanta's board approves fundraise of up to Rs 8,500 cr

This is the second time that the company is raising funds in the current fiscal year. Last month, it said it would raise up to $300 million through debt securities

Zoho plans $700 mn foray into chipmaking, seeks incentives from govt

Semiconductors are a key plank of India's business agenda, with a $10 billion package in place to boost the industry as it hopes to compete with countries such as Taiwan in a few years

Dow hits 40,000 points for first time on earnings boost, rate cut bets

U.S. 10-year yields were flat at 4.356% FOREX: The dollar index was last up 0.3% at 104.49

Microsoft asks some China-based staff to relocate amid Sino-US tensions

Microsoft is asking about 700 to 800 people who are involved in machine learning and other cloud computing-related work to consider relocating, according to the Wall Street Journal

Israel Q1 economic growth rebounds 14.1%, lifted by shopping, building

The recovery in the January to March period was led by large increases in private spending and investment, both of which slid in the fourth quarter

AIG to sell 20% stake in Corebridge to Japan's Nippon Life for $3.8 bn

J.P. Morgan Securities advised AIG on the deal, which is expected to close by the first quarter of 2025

V-Guard Q4 results: Net profit rises to Rs 76 cr on strong demand

V-Guard's revenue rose by 17.9% to Rs 1,343 crore, driven primarily by the company's core electrical segment, which rose 10.7%

Reliance Retail to sell British online retailer ASOS' products in India

The partnership is the latest in a string of deals by Reliance Retail, which has brought international brands such as American jewellery seller Tiffany & Co and French luxury brand Balenciaga to India

China's Baidu tops quarterly revenue estimates on ad recovery, cloud demand

Baidu has recently intensified its efforts to boost sales from its AI-related products and services

Sebi open to oversight of cryptocurrencies trade, in contrast to RBI

India has taken a tough stance against cryptocurrencies since 2018, when RBI prohibited lenders and other financial intermediaries from dealing with crypto users or exchanges

HAL Q4 results: Net profit rises 52% to Rs 4,309 cr, revenue up over 18%

Capital goods and manufacturing companies have benefited throughout fiscal 2024 from the Indian government's push for higher capital expenditure. This extended into the fourth quarter

M&M Q4 results: Net profit jumps 31.6% to Rs 2,038 cr on strong SUV demand

Utility vehicles (UV) accounted for more than half of passenger vehicle sales in India, rising 31% year-on-year, according to an industry body

AstraZeneca's anti-Covid drug cuts disease risk in vulnerable patients

The long-acting antibody therapy called sipavibart showed a "statistically significant reduction" in symptomatic Covid-19 cases among immunocompromised patients

Indian steel mills fear surge in Chinese imports after US imposes tariffs

India is already under grave threat of import because all major steel consuming economies are shutting their doors on these steel producing countries, said Alok Sahay, secretary general at ISA

Japan's Honda raises electrification investment to $65 bn through FY30

The company, a relative latecomer to electric vehicles, first had to ensure it could reliably procure batteries and achieve cost cuts

UK tightens scrutiny of all Indian spice imports amid contamination claims

"The use of ethylene oxide is not allowed here and maximum residue levels are in place for herbs and spices," James Cooper, Deputy Director of Food Policy at the FSA

Ukraine risks dragging West into major war with Russia, says Putin ally

President Vladimir Putin's war in Ukraine has touched off the worst breakdown in relations between Russia and the West since the 1962 Cuban Missile Crisis

Microsoft asks 700-800 China staff in AI ops, cloud computing to relocate

Microsoft remains committed to China and will continue to operate there and other markets, the spokesperson said

Switzerland conference on Ukraine futile without Russia, says Kremlin

Russia has previously said it saw no point in a conference being planned by Switzerland to discuss how to end the Ukraine conflict

Chinese EV maker Nio to launch one new car model per year under Onvo brand

Nio said on Thursday it would have a second Onvo model targeting larger families coming up next