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Salesforce abandons talks to acquire data-management firm Informatica

Informatica's shares closed at $35.19 on Friday, valuing the Redwood City, California-based company at about $11.2 billion, including debt

Indian forex, bond investors eye developments in Middle East, US inflation

The currency fell 0.1 per cent in the week to end at 83.47, and the losses would have been larger had it not been for the Reserve Bank of India's (RBI) intervention

Tesla cuts price of Full Self-Driving software by a third to $8,000

Earlier this month, Musk said Tesla will unveil its robotaxis on Aug. 8, after Reuters reported Tesla had scrapped its inexpensive, mass-market car in favour of robotaxis

US House passes first slice of $95 billion Ukraine, Israel aid package

leaders from Democratic President Joe Biden to top Senate Republican Mitch McConnell have been urging embattled House Speaker Mike Johnson to bring it up for a vote

Major powers should avoid rivalry in South Pacific: China's Wang Yi

Wang made the comments at a joint press conference with his Papua New Guinea counterpart during a visit to country

Oil prices jump slightly as Iran plays down reported Israeli attack

Iran is the third largest oil producer in the Organization of the Petroleum Exporting Countries (Opec)

Govt discusses crude oil market volatility with OPEC secretary general

During telephone conversation with Haitham Al-Ghais India's oil minister Hardeep Singh Puri "emphasized the importance of balancing market stability, affordability, with pragmatism", said statement

Tata Group seeks regulatory approval to avoid listing NBFC, says report

The Reserve Bank of India's (RBI) revised regulations in October 2021 require that large non-banking finance companies (NBFCs) list their shares within three years

A new ride: Ola Cabs weighs $500 million IPO, in talks with i-banks

The company is in talks with investment banks, including Goldman Sachs, Bank of America, Citi and India's Kotak and Axis, and plans to appoint IPO advisers within a month, said two of the sources

WHO says wider warning about contaminated J&J cough syrup 'likely'

Nigeria's regulator recalled a batch of Benylin syrup last Wednesday, having found a high level of diethylene glycol in the product during routine testing

Govt open to selling stake in GIC Re, LIC in FY24/25, says report

"The government has received good feedback in investor roadshows for GIC, and is open to sell its 10% stake in tranches depending on its shares' value," the official said

P&G raises annual core profit forecast on resilient demand, price hikes

Even as P&G raised prices of its products over the last two years, demand for its daily-use items such as big name brands Tide and Pampers has held steady

Forex reserves come of record highs as 7-week gaining streak ends

The reserves fell by $5.4 billion in the reporting week, the steepest fall in over three months. They had risen by a total of $32.5 billion in the prior seven weeks

American Express beats estimates on high spending by wealthy customers

''We continue to attract high-spending, high credit-quality customers to the franchise," chief executive officer Stephen Squeri said in a statement

Tesla to recall 3,878 Cybertrucks to fix faulty accelerator pedal

A trapped accelerator pedal could cause the vehicle to accelerate unintentionally, increasing the risk of a crash, the auto safety regulator said in a notice

Wheat stocks in govt warehouses at 16-year low after record sales

The government has buffer and strategic reserve norms that mandate holding wheat stocks at or above 7.46 million tons on April 1

Hindustan Zinc Q4 results: Net profit drops 21% to Rs 2,038 crore

Revenue from the zinc mining business - the biggest segment - fell 16%, resulting in a 12% drop in overall revenue to Rs 7,285 crore

Nissan trims annual operating profit estimate by 14.5% on lower sales

Nissan's quarterly sales performance was also hurt by stronger-than-expected US demand for hybrids, Uchida said, a trend that has especially benefited rival Japanese automaker Toyota

Lufthansa executives seek to persuade EU regulators over ITA stake buy

Guillaume Loriot, the European Commission's deputy director general for mergers, and lawyers as well as officials from national competition agencies will also be there

Blackstone nears deal to sell S Korean pharma wholesaler to MBK Partners

The sale would mark Blackstone's first major exit in South Korea, a market in which it established a locally-based team two years ago