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Sebi plans tighter rules for listing small biz after complaints of misuse

The news rules are slated to be issued later this year after the regulator and exchanges consult stakeholders, they said

Sony Group posts 7% fall in annual profit, narrowly misses PS5 target

The Japanese tech conglomerate plans a partial spin-off of its financial unit with a listing in October 2025 in order to focus on its entertainment and chips units

Apple supplier Foxconn's Q1 net profit jumps 72% but misses forecasts

While the profit missed the T$29.31 billion forecast by analysts, it was Foxconn's third consecutive quarterly profit rise

Blinken lands in Ukraine to express solidarity amid fierce Russian attacks

The previously undisclosed trip aims to show US solidarity with Ukraine as it struggles to fend off heavy Russian bombardment on its northeastern border

Retail giant Walmart to fire hundreds of corporate staff, relocate others

Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings

Foreign equity investors turn to hedging over Lok Sabha poll jitters

Ahead of the results, the net open interest of put options on Indian indexes held by foreign investors hit the highest since at least January 2019

Meta's next device could be AI-powered earbuds with integrated cameras

Facebook's parent company is exploring the new AI-powered smart wearable device under the codename "Camerabuds"

Nomura to nearly double profit over 7 yrs with focus on wealth management

Nomura has built out a dedicated team to tap into Asian markets, hiring more than 70 private bankers over the past three years

Uber to take over Delivery Hero's food panda biz in Taiwan for $1.25 bn

Asia has become Delivery Hero's biggest market after its $4 billion deal in South Korea in 2019 but the company has been trying to divest some of its assets in the region to improve profitability

US Prez Biden signs ban on imports of Russian nuclear reactor fuel into law

The ban on imports of the fuel for nuclear power plants begins in about 90 days, although it allows the Department of Energy to issue waivers in case of supply concerns

Rumble sues Google for $1 billion over its digital advertising practices

This is the second time Rumble has filed a lawsuit against Google. The earlier suit filed in 2021 accused the company of favoring itself and its video sharing platform, YouTube, in its search results

Israeli forces press deep into Gaza ruins to recapture an area from Hamas

Hundreds of thousands of people are fleeing again. Around half of Gaza's population took sanctuary there after Israel ordered evacuations from northern Gaza in October

Govt bond yields expected to inch higher after inflation 'non-event'

Barclays forecasts retail inflation for May at 5.0%

US lawmakers protest Boeing's firefighter lockout, urge firm to reach deal

Hoyle, a Democrat, said she hopes Boeing will come to the table and do the right thing. They prioritise safety and they invest in their workforce

US, Taiwan navies quietly held drills in April amid rising China threat

US-Taiwan military engagement, including visits and training, are kept low-key and are often not officially confirmed because of China's objection to military contacts between Washington and Taipei

Asian shares hit 15-mth high ahead of highly anticipated US inflation data

MSCI's broadest index of Asia-Pacific shares outside Japan climbed slightly and hit its highest since early 2023

How hard will Biden-led new US tariffs hit China EVs, other exports?

The impact on Chinese industries, however, is expected to be limited

OpenAI unveils free model GPT-4o that can interact with visual, audio, text

OpenAI's chief technology officer, Mira Murati, said during a livestream event that the new GPT-4o model would be offered for free because it is more efficient than the company's previous models

UBS CEO warns about risk of delays to tech integration with Credit Suisse

UBS is integrating 300 of 3,000 Credit Suisse applications and the bank is trying to reduce the risks for clients as it combines platforms, he said

Gold declines as traders await key US inflation data for more rate cut cues

Spot gold fell 0.7% to $2,342.95 per ounce by 1442 GMT. It had hit its highest level since April 22 on Friday