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NBCC planning to set up its own NBFC to help save over $100 million

The Indian government owns infrastructure financial institutions but no other state-run company has created a unit to help it finance projects

Sony, Apollo discuss proposal to make joint bid for Paramount Global

The competing bid, which is still being structured, would offer cash for all outstanding Paramount shares and take the company private

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

How Bitcoin's 'halving' can burnish its value as a scarce commodity

The halving comes after bitcoin hit an all-time high of $73,803.25 in March

UK retail sales stagnate in March despite easing inflation, shows govt data

Friday's figures contrasted with some business surveys that showed a pick-up in retail sales in March

Ships transiting the Gulf, Western Indian Ocean should stay alert: Ambrey

Ambrey said it had received information that indicated an "Israeli military strike" was conducted on Isfahan, Iran

Russia squeezes Mideast, OPEC shares in India's oil mkt to historic lows

Russia is an ally of the Organization of Petroleum Exporting Countries (OPEC) but it has eaten into the share of India's crude diet from key OPEC producers in the Middle East

Bitcoin falls heavily as Israel strikes Iran, slides below $60,000

Israel launched an attack on Iranian soil on Friday, sources said, days after Iran launched a drone strike on Israel

Central banks globally struggle to keep up with US Fed's rate cut timeline

IMF officials urged Asian central banks to stick to their own knitting and avoid the temptation to lash their policy decisions too closely to anticipated moves by the Fed

UAE firm eyes majority stake in Vedanta's Zambian mines in expansion drive

The Zambian government owns 20% of KCM through state firm ZCCM-IH

US govt aims to begin new North Korea sanctions monitoring regime by May

Russia rejected the annual renewal of the panel last month, while China abstained from the vote

Google's ad-privacy changes not enough to protect consumer privacy: UK

Google plans to completely phase out the use of third-party cookies for users in the second half of 2024

Woodside Energy revenue falls from prior quarter on lower LNG, oil prices

Australia's largest LNG exporter said production from its Bass Strait project in Victoria and Pyrenees and Pluto LNG projects in Western Australia fell in the first quarter