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GCPL posts loss after tax of Rs 1,893.21 cr in Q4; Rs 10 dividend announced

Consumers are spending more on a variety of the company's offerings, from Cinthol soap to Godrej Expert hair colour

Red Sea disruption to traffic cuts Q2 capacity by 15%-20%, says Maersk

Maersk is viewed as a barometer of world trade

Israel carries out airstrikes on Gaza city of Rafah after evacuation order

Seven months into its war against Hamas, Israel has been threatening to launch incursions in Rafah, which it says harbours thousands of Hamas fighters and potentially dozens of hostages

Microsoft readies new AI model to compete with Google, OpenAI: Report

Microsoft has been setting aside large cluster of servers equipped with Nvidia's graphic processing units along with large amounts of data to improve the model, according to the report

Etihad CEO Neves considers buying few Airbus, Boeing jets over next 5 years

Most of those new aircraft will be added through existing orders for Airbus A320s and A350s and Boeing 787s but some would need to be sourced from the leasing market and planemakers

ECB grows confident about rates cut as inflation eases, say policymakers

Euro zone inflation stood at 2.4% in April and a crucial indicator of underlying price pressures slowed while the economy staged a small rebound

Spirit Airlines forecasts weak Q2 revenue on slow growth in domestic demand

The carrier estimates it will average about 25 grounded aircraft throughout 2024, while competitors expand their capacity in Spirit Airlines' core markets such as Florida

Investors pull $9.9 billion from hedge funds in March: Nasdaq eVestment

The outflows came even as hedge funds posted positive performances across every strategy tracked by the data firm

Petrobras loads diesel from RIL on crude tanker in India after delay

The larger shipments will likely ease downward pressure on an oversupplied Asian diesel market and create a price floor for the current market, the sources said

Quadria Capital acquires minority stake in NephroPlus for $102 million

"The transaction will support NephroPlus in serving the growing demand for high quality, affordable dialysis services across India and other markets in Asia," Singapore-headquartered Quadria said

Saudi Arabia's budget deficit at $3.3 bn in Q1 of 2024 on lower oil revenue

Oil revenues reached 181.922 billion riyals in Q1, up 2% from the prior-year period, but non-oil revenues increased 9% year on year during the quarter

IIFL Finance facing liquidity crunch after gold loan business curbs: Report

"Banks are neither sanctioning new lines (of credit) nor disbursing from already sanctioned limits," the official at the company, who did not want to be named, said

Russia to practice tactical nuclear weapon scenario in its military drills

The ministry said the exercise was ordered by President Vladimir Putin and would test the readiness of non-strategic nuclear forces to perform combat missions

Russia will have to increase missile arsenal to deter West, says diplomat

Russia has ramped up weapons production and is now forecast by the United States to manufacture this year more artillery than all of Nato's 32 members combined

April services PMI softens to 60.8 but remains sturdy on robust demand

Favourable market conditions and buoyant demand pushed the new business sub-index to a three-month high, the third-highest in around 14 years

Dollar broadly steady after soft US jobs report; yen starts on back foot

The offshore yuan was last at 7.1959 per dollar, and gained more than 1 per cent last week

Case for ECB rate cut getting stronger, says chief economist Lane

The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target

Case for ECB rate cut getting stronger, says chief economist Lane

The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target

Asia shares rise on Fed cut bets; yen trims gains after strong surge

Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break

Indian govt bond yields to edge lower, tracking decline in US peers

The bond yields are also likely to fall after the government announced a buyback of securities worth 400 billion rupees on Friday