Page 479 - Reuters%20/undefined

RBI asks NBFCs to stick to gold loan cash payout cap of Rs 20,000

Retail credit in India has been growing at a rapid clip, with loans against gold rising threefold over the last four years

Decision on resumption of sugar exports months away, says food secy

"It is still early days," Sanjeev Chopra, India's Secretary of Food and Public Distribution, told reporters on the sidelines of the Citi ISO Datagro Sugar Conference in New York

US revokes Intel, Qualcomm's export licenses to sell to China's Huawei

The move comes after the release last month of Huawei's first AI-enabled laptop, the MateBook X Pro powered by Intel's new Core Ultra 9 processor

US eyes restrictions on China's access to AI behind apps like ChatGPT

Government and private sector researchers worry U.S. adversaries could use the models, which mine vast amounts of text and images to summarize information and generate content

Amazon Web Services breaks into Europe 5G networks with Telefonica deal

Telefonica first worked with AWS and Ericsson, and then swapped to Nokia and AWS, Rao said. 'The days of trial are over

FTX files new reorganisation plan, expects $14 bn-$16 bn for distribution

The company said the amended plan focuses on a series of settlements reached consensually with the key stakeholders including cases that are still subject to court approval

Piramal Enterprises Q4 results: PAT at Rs 137 cr on AIF provisions reversal

The company had posted a loss of Rs 2,378 crore in the December quarter when it had set aside Rs 3,540 crore for such provisions

Westlife Foodworld Q4 results: Profit after tax declines 96% to Rs 76 lakh

The franchisee said consolidated profit after tax fell to 7.6 million rupees ($91,012.8) for the January-March quarter from 200.9 million rupees a year earlier

Revenue in FY25 to grow around 15%, tensions in West Asia a factor: L&T CFO

Given the variety and scale of orders it receives, L&T's results are often seen as a bellwether for capital expenditure in the Indian economy

RBI meets stakeholders to discuss strategies to widen scope, reach of UPI

UPI transaction volumes rose 54% in March, as compared to 60% a year ago

Consumer price inflation likely to eased at 4.8% in April: Reuters poll

While headline inflation has moderated in recent months, food prices, which account for nearly half the consumer price index (CPI) basket, have remained elevated, squeezing household budgets

AstraZeneca withdraws its Covid-19 vaccine, cites 'surplus availability'

According to media reports, the Anglo-Swedish drugmaker has previously admitted in court documents that the vaccine causes side-effects such as blood clots and low blood platelet counts

Rockwell Automation to expand in India with more factories, tech workers

The industrial automation equipment maker, which completed 40 years in India in 2023, counts many manufacturing giants, including Reliance Industries, Mahindra Group and MRF, as its customers

Asia stocks slip, dollar up as policymakers give mixed signals on rate cuts

Crude oil wallowed near two-month lows amid signs of easing supply pressure and continued hopes for a Middle East ceasefire

Election uncertainty could hurt Indian auto sales in May, says Fada

Analysts say concerns around how a new government's financial policies could affect peoples' income, and could discourage consumers from buying vehicles

Amazon breaks Europe's 5G telecoms market through Telefonica cloud deal

The move by the subsidiary of Spanish group Telefonica is a global first where an existing mobile operator is switching its core network to a public cloud

Russia strikes energy facilities in air attack on Ukraine, say officials

Power generation and transmission facilities in the Poltava, Kirovohrad, Zaporizhzhia, Lviv, Ivano-Frankivsk, and Vinnytsia regions were targeted

China's 2024 iron ore imports seen to be around 1.17-1.18 bn metric tons

China's iron ore imports in the first quarter of 2024 totalled 310.13 million tons, up 5.5 per cent from a year earlier, customs data showed

Indian govt bond yields seen rangebound as traders await fresh cues

Yields declined on Monday tracking a drop in US yields, as traders turned optimistic on the Federal Reserve's rate cuts during the year after weaker-than-expected April nonfarm payrolls data

Muthoot Finance accepts bids worth $650 million for dollar-bond issue

The non-banking finance company will use the proceeds for onward lending and other activities permitted under external commercial borrowing guidelines