Page 445 - Reuters%20/undefined

MicroStrategy, Indian companies among 42 additions to MSCI indexes

In total, there are 42 securities to be added and 121 cut from the all-country world index

2 Chinese firms progress in producing high bandwidth memory for AI chipsets

CXMT and other Chinese chip firms have also been holding regular meetings with South Korean and Japanese semiconductor equipment firms to buy tools to develop HBM, said two of the people

Israeli tanks push deeper into Rafah despite allies warning against it

A US official who declined to be identified told Reuters that Israel promised not to make a major move in Rafah without advising Washington

Tesla plans to fire 601 more employees in California amid falling sales

The electric carmaker said last month it would lay off 6,020 people in California and Texas, as part of the headcount cuts

US makers of masks, gloves get lifeline from tariffs on Chinese products

Biden's tariffs could boost demand by helping level a price differential with cheap imports from China, and could foster investments

Patanjali Foods Q4 results: PAT falls 22% to Rs 206 cr on higher expenses

The Ruchi Gold oil maker's profit fell to Rs 206 crore (around $25 million) for the quarter ended March 31, from Rs 264 crore a year earlier

Promoter group to sell 2.53% stake worth $316 million in Cipla: Report

The promoter group will sell its stake in Cipla at a per-share price range of 1,289.5 rupees to 1,357.35 rupees, the report said

Google I/O: Alphabet unveils beefed-up AI chatbot as competition heats up

The new AI features unveiled on Tuesday will help investors evaluate Alphabet's progress as it races against Microsoft , OpenAI and other competitors to dominate the emerging technology

Meta to discontinue Workplace app to focus on AI, metaverse

Workplace will be shut starting June 2026 for customers but Meta will continue to use it as its internal messaging board, the company said, adding users can continue to access it until Aug 2025

Pakistan PM Sharif unveils broader plan to sell most state-owned firms

The statement didn't clarify which sectors would be deemed strategic and non-strategic

Apollo Tyres Q4 results: PAT falls 13% to Rs 354 cr on higher tax expenses

Apollo Tyres, which manufactures tyres for Maruti Suzuki , Mahindra and Mahindra and TVS Motor Company Ltd among others, is one of the major players in the sector

Alibaba Q4 results: Profit declines by 86%, beats revenue estimates

Consumers in China have been spending carefully after the Covid-19 pandemic amid an economic slowdown and property slump

Fed's Powell expects inflation to fall, though not as confident as before

Powell said his outlook was for continued growth and ongoing job creation bolstered by immigration

Amazon's AWS chief Selipsky to step down, veteran named successor

Adam Selipsky, 57 will leave the company on June 3 and will be replaced by Matt Garman, a senior vice president who has overseen sales and marketing at AWS

Dalmia Bharat Sugar Q4 results: PAT falls 25% to Rs 93.37 cr on weak sales

Peers Dhampur Sugar Mills and Dwarikesh Sugar Industries too reported a fall in their respective quarterly profits

Oberoi Realty Q4 PAT up at Rs 788 cr on strong demand for luxury projects

India's real estate market is seeing a surge in demand for homes, particularly luxury properties. Unlike other segments, the luxury market seems unfazed by rising property prices

US producer prices in Apr soar more than expected on strong services, goods

The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined

Unchecked explosion of retail trading can spark market stability issues: FM

The ratio of the notional value of derivatives traded in India to more traditional cash trading is 422 times, the world's highest, Axis Mutual Fund said in an October 2023 report

Q4 results: PVR Inox reports Rs 130 crore net loss on weak demand

The company reported a consolidated net loss of Rs 130 crore ($15.6 million) for the March quarter, missing analysts' estimate of a loss of Rs 83.59 crore, as per LSEG data

Snack maker Haldiram's eyed by foreign investors like Blackstone, ADIA

Haldiram's was last year also an acquisition target for India's Tata Group, one of country's biggest conglomerates