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OpenAI planning to announce AI-backed search engine to compete with Google

The announcement could be timed a day before the Tuesday start of Google's annual I/O conference, where the tech giant is expected to unveil a slew of AI-related products

Novavax signs Covid-19 license deal with Sanofi, secures business viability

Novavax said it would co-commercialize its Covid-19 vaccine with French drugmaker Sanofi and develop new Covid-19-influenza combination vaccines using Novavax's Matrix-M adjuvant

Punjab National Bank seeks to close institutional share sale in 6 mths: CEO

Punjab National Bank's board had in December approved a Rs 7,500 crore ($898 million) fund raise through equity capital

Polycab India Q4 result: Profit jumps 28.5% to Rs 546 cr on healthy demand

Cables and wires companies have benefited from a demand surge from the real estate and infrastructure sectors, further aided by the government as it tries to boost the economy

Honda Motors sees full-year profit rising 2.8%, after it exceeded estimates

Japan's second-largest automaker by volume forecast full-year operating profit would rise to 1.42 trillion yen compared with an average profit estimate of 1.39 trillion yen

Foxconn's Q1 profit to jump from low base, robust AI demand to power growth

Last month, the company said first-quarter revenue slid 10 per cent from a year earlier but it has been bullish about 2024

UK exits recession with better-than-expected forecast 0.6% GDP growth

The Office for National Statistics said gross domestic product expanded by 0.6 per cent in the three months to March, the strongest expansion since the fourth quarter of 2021

Australian regulator says Musk's X shouldn't set limits of internet law

X, formerly Twitter, is fighting an order by the e-Safety Commissioner to remove 65 posts showing video of an Assyrian Christian bishop being knifed mid-sermon in Sydney last month

SoftBank Group seen returning to loss in Q4 despite tech stock strength

Analysts and investors are also eagerly awaiting clues about new growth investments as SoftBank has ample liquidity and can monetise its huge holding in Arm

Rupee stable; oil firms' dollar buys, 'nervous' equities cap upside

Traders expect the central bank's interventions will keep sharp declines in the rupee at bay

Putin, seeking continuity, proposes Mishustin remain as Russia's PM

As dictated by law, the government resigned just before Putin, Russia's paramount leader for nearly a quarter of a century, was sworn in for another six-year term on Tuesday

Biden set to impose tariffs on China's electric vehicles, strategic sectors

Specific sectors were also set to include semiconductors and solar equipment, according to one of the people

US President Biden concerned over Boeing locking out its firefighters

Earlier this month, Boeing locked out nearly 130 members of the International Association of Fire Fighters Local I-66 who have rejected two contract offers

Panama Canal in talks with US LNG producers to increase transportation

The canal is typically used by US Gulf Coast exporters to send LNG cargoes to Asia via the Pacific Ocean, but from last year low water levels forced cuts to daily crossings

Some European firms are souring on China, business lobby group warns

EU Commission chief Ursula von der Leyen and French President Emmanuel Macron urged Xi on Monday to ensure more balanced trade

India bond yields likely to ease tracking US peers, eyes on debt auction

The US Treasury yields slipped on Thursday ahead of inflation reports that are pivotal for the Federal Reserve's higher-for-longer rate strategy

Asian stocks rise, dollar weakens on renewed global rate cut optimism

China stocks also gained, with blue-chip shares 0.14 per cent higher, while Hong Kong's Hang Seng Index rose 1.4 per cent, having touched an eight month high in early trading

Rupee aided by dip in US yields, while election uncertainty weighs

Worries over the Indian election results, due on June 4, have prompted foreigners to take out money from equities, pushing the benchmark Nifty 50 index to a three-week low

Israeli tanks, warplanes bombards eastern Rafah as US warns of halting arms

Ceasefire talks make some headway but no deal, say Egyptian security sources

Govt projects biggest power shortfall in 14 years, races to curb outages

The deficit also follows delays, a government source said, in the commissioning of 3.6 gigawatts (GW) of new coal-fired plants which had been targeted to be operational before March