Page 455 - Reuters%20/undefined

Sebi puts seven Adani Group companies on notice for regulatory violations

The company did not give details of the alleged violations or the parties involved

Oz carrier Qantas Airways faces $79 mn penalty for flight cancellations

Qantas was sued in August by the Australian Competition and Consumer Commission (ACCC), which accused it of selling tickets to thousands of flights after they were cancelled

EQT to acquire digital consultancy firm Perficient for nearly $3 bn

Perficient's shares will no longer trade on the Nasdaq stock exchange after the deal closes, the companies said

Rupee to track Asian peers; bonds eye moves in US yields, foreign flows

The rupee closed marginally higher at 83.4225 on Friday. It logged a slight weekly loss compared to most Asian currencies, which rose week-on-week

China's services activity eases in April but still solid: Caixin PMI

Caixin/S&P Global services purchasing managers' index (PMI) eased to 52.5 from a 52.7 in March, remaining in expansionary territory for the 16th straight month

BSE, NSE spar over derivatives markets, lure investors with lower fees

The NSE plans to launch options contracts based on key sectoral indices, including the pharmaceutical and IT indices, if it gets the regulatory go-ahead, according to two exchange sources

Berkshire Hathaway is in good hands, Warren Buffett assures shareholders

Investors had long considered Todd Combs and Ted Weschler, who manage part of Berkshire's $335.9 billion equity portfolio, leading candidates to manage more or all of it

Warren Buffet's Berkshire Hathaway Q1 operating profit up 39% at $11.22 bn

The size of Berkshire's stake in Apple stake fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter

Taiwan's Foxconn reiterates Q2 revenue to grow, posts record April sales

Foxconn said in a statement that this year's second quarter "remains a traditional off-peak season, and major products are entering a period of transition between old and new products"

Buffett takes stage at Hathaway Berkshire meeting, cuts Apple stake

Buffett assured shareholders that 'unless something dramatic happens' that really changes Berkshire's capital allocation, it will have Apple as its largest investment

Death toll from rains in southern Brazil climbs to 57, 70 still missing

Heavy rains had already hit Rio Grande do Sul last September, as an extratropical cyclone caused floods that killed more than 50 people

Kansai Nerolac Paints Q4 results: Net profit rises 24% to Rs 1.16 billion

Revenues at India's third-largest paintmaker by market capitalisation rose over 2% to 17.69 billion rupees, while a rise in input costs helped total expenses tick 1.7% higher

Govt lifts ban on onion exports, sets floor price with 40% export duty

The export ban was imposed by the world's biggest exporter of the vegetable last December and then extended in March

Information from three Chinese EV manufacturers insufficient, says EU

Geely is insufficient, it could use evidence available elsewhere to compute tariffs, a move that can inflate them

US job growth slowed in April; nonfarm payrolls increased by 175,000

Financial markets boosted the odds of a September rate cut and saw the U.S. central bank reducing borrowing costs twice this year instead of only once before the data

Govt to buy back Rs 40,000 crore worth of sovereign bonds, says RBI

The securities offered for buyback are 6.18% GS 2024, 9.15% GS 2024 and 6.89% GS 2025, the Reserve Bank of India said in a statement

RBI proposes tighter rules for under-construction infra project financing

Indian banks had seen large defaults across infrastructure loans starting 2012-2013 on account of exuberant lending, which led to a strain on the country's banking system

Tesla vs Tesla: US carmaker sues Indian namesake for trademark infringement

During the hearing, the Indian company, Tesla Power India Pvt Ltd, argued its main business is to make "lead acid batteries" and it has no intention of making electric vehicles

Banks' loans rose 19% in two weeks to April 19, deposits up 13%: RBI data

Outstanding loans fell Rs 98,700 crore ($11.84 billion) to Rs 16,400,000 crore in the two weeks to April 19

Titan Q4 results: Net profit up 7% at Rs 786 crore, revenue rises 17%

The company's reported a profit of Rs 786 crore ($94.2 million) in the quarter ended March 31, up 7.1% from last year, but missing analysts' expectation of Rs 799 crore as per LSEG data