Page 488 - Reuters

India has given over $1 bn to private firms under PLI scheme: Official

The 1.97-trillion-rupee ($24 billion) production-linked incentive scheme (PLI) is India's key industrial policy and covers 14 sectors ranging from electronic products to drones

RBI delays implementing rules on exchange-traded derivatives till May 3

"In view of feedback received and recent developments, it has been decided that these directions will now come into effect from Friday, May 03, 2024," RBI said

Financials, IT power stocks to record closing high before RBI rate decision

While the rate pause is a given, RBI's commentary on the inflation outlook will be crucial, especially for consumer stocks, said analysts

Govt bond yields little changed ahead of Friday's key interest decision

The benchmark 10-year bond yield ended at 7.0934%, following its previous close of 7.1030%

US layoffs surge 7% to reach 14-month high amid govt, tech cutbacks

Tech industry continued to outpace other sectors in jobs cuts through the first quarter of this year

Microsoft, Quantinuum claim breakthrough in quantum computing: Details here

Microsoft said it plans to release the Quantum computing technology to its cloud computing customers in the coming months

Dabur flags sluggish demand in Q4, indicates slowing revenue; shares drop

Its shares fell 4.5 per cent after the news, and were on track for their worst day since May 2023. The stock was also the top drag on the FMCG index, which slipped 0.2 per cent

Meta-owned WhatsApp back online after brief global outage: Details here

The WhatsApp outage had impacted thousands of users in India, the United Kingdom and Brazil, according to Downdetector data

Recent volatility won't affect rupee's exchange rate, say bankers

To impact spot prices, the size of the option position being unwound has to be significant, a treasury official at a private sector bank said

Anil Agarwal-led Vedanta Group to raise $300 mn through debt securities

The Indian miner raised funds via non-convertible debentures thrice in fiscal year 2024, the latest being in December last year for 3,400 crore rupees

Rupee to rise modestly against dollar in next three months, shows poll

That stability has been largely driven by the RBI's continued intervention in FX markets. Its foreign exchange reserves recently hit a record high of $642.63 billion

Paramount to enter into exclusive merger talks with Skydance: Report

Paramount's shares surged nearly 15% on Wednesday after The Wall Street Journal first reported the exclusive negotiations with Skydance

Tata group's Vistara could cut flights amid pilot shortage: Report

The cancellations and delays forced India's civil aviation ministry to intervene and monitor the situation, while the aviation regulator has sought daily information on flight disruptions

More than 1,000 injured in Taiwan earthquake, missing hotel workers found

Buildings also shook violently in capital Taipei, but damage and disruption there was minimal

Taiwan quake to hit some chip output, disrupt supply chain: Analysts

Manufacturers in Taiwan have been hardening their factories against earthquakes for decades and many use automatic shutdown systems to minimise damage to their production and tools, analysts said

India aims for 1st strategic petroleum reserve with pvt company by 2029-30

So far, India has allowed only partial commercialisation for its three existing SPRs in southern India, which have a combined capacity of 36.7 million barrels

Nelson Peltz loses board room fight at Disney; changes may still be ahead

For his own investors at Trian, Peltz is delivering what they care about most - returns

Hunt to find Disney CEO Bob Iger's successor kicks into high gear

The board has extended Iger's retirement date five times, continually deferring decisions about finding a replacement

G7 price cap on Russian oil, recent action by Indian refiners working: US

Since October, the US has enforced the price cap with sanctions including designating in February Sovcomflot (SCF), Russia's state-owned shipping company

Govt hikes windfall tax on crude to Rs 6,800 for 5th time since Feb

The windfall tax, which is revised fortnightly, remains at zero for diesel and aviation turbine fuel