Page 488 - Reuters

Tata Motors plans Jaguar Land Rover EV imports to India under new policy

Tesla is also expected to start importing its cars to India and make an investment in the country

Tata Motors to use new $1 bn TN plant to make Jaguar Land Rover cars

Tata Motors announced plans to invest in a new plant in Tamil Nadu in March but did not give details on which models would be manufactured there

Bajaj Auto aims to make 10,000 Triumph units a month by September: CFO

Triumph accounted for 2.1% of Bajaj Auto's total two-wheeler sales in the fourth quarter. Its overall two-wheeler sales rose about 26% in the quarter year-on-year

US weekly unemployment claims remain unchanged at low level of 212,000

The U.S. central bank has kept its policy rate in the 5.25%-5.50% range since July. It has raised the benchmark overnight interest rate by 525 basis points since March of 2022

India's FY24 pulses imports hit 6-year high as red lentil purchases jump

India imported 4.65 million metric tons of pulses in the year ended March 31, 2024, the highest since fiscal 2018, and up from 2.53 million tons imported a year ago

Blackstone reports 1% rise in 1st-quarter earnings on growth in fee income

Blackstone raised $34 billion of new capital, while unspent capital reached $191.2 billion. It declared a quarterly dividend of 83 cents per share

Sales of first electric car 'SU7' 3-5 times higher than expected: Xiaomi

Lei, Xiaomi's founder, made the comments during a two-hour livestream on Douyin, the Chinese equivalent of TikTok, that garnered over 34 million viewers

G7 foreign ministers seek urgent defence support for desperate Ukraine

G7 ministers kicked off a second day of talks on the Italian island of Capri by discussing the Middle East crisis and will turn their attention to Ukraine in the afternoon

Vestager defends EU merger rules, says competition creates strong cos

Telecoms companies have been the biggest proponents of looser merger rules as they look to consolidate to boost revenues and market power amid costly investments to roll out 5G and broadband

LS polls: Election officials climb hills, ford rivers to reach voters

The Election Commission has to set up more than 1 million polling stations for the nearly two-month duration, with 15 million officials and security personnel fanning out for the task

Prioritising quality, safety of Boeing products over production: Alaska Air

The Boeing situation is rippling through the industry, compelling airlines to adjust their fleet plans at a time travel demand is projected to hit record levels

Huawei starts sales of Pura 70 smartphone in China amid chips scrutiny

U.S administration began a review of the chip earlier this year and said last month that SMIC might have violated U.S export rules

Nokia posts stronger H2 after Q1 comparable profit grows less than expected

CEO Pekka Lundmark said an improvement in order intake seen late last year continued in the first quarter despite a persistent challenging business environment

ABB confident about faster revenue growth in 2024 despite China slowdown

ABB shares were indicated to open 2.2% higher in premarket activity in Zurich

Investor climate group eyes assets in private equity, sovereign debt

The Net-Zero Asset Owner Alliance members are being asked to include assets like private debt and equity in their emissions reductions strategy

Apple Inc aims to invest over $240 mn to expand its Singapore campus

Apple opened its first facility in Singapore in 1981 with 72 employees focused on Apple II, its early personal computer

IMF ready to support Sri Lanka's discussions with int'l bondholders

Sri Lanka will consult with the IMF to assess if the latest proposals discussed with bondholders were within the parameters of its bailout program

Investors ask TotalEnergies to split CEO, board chair roles ahead of AGM

The proposal was put forward by 19 international investors holding roughly 20 million TotalEnergies shares, together with Swiss pension fund investor group Ethos Foundation

Adam Neumann moves to buy back WeWork as it seeks funds to exit bankruptcy

Adam Neumann had submitted a bid of more than $500 million to buy back WeWork, Reuters reported last month citing a person familiar with the matter

EU leaders to hear shake-up needed to match global rivals in new green tech

The EU faces new challenges from massive US subsidies drawing in investment and China's domination of new tech supply chains, on which it is dependent