Page 498 - Reuters

Star India starts arbitration against Zee over cricket broadcasting deal

Star India has sought "specific performance" of the agreement or the payment of damages, Zee said in a statement, without providing details

McDonald's suffers global tech outage, rules out cybersecurity incident

The fast food chain has about 40,000 restaurants worldwide, with more than 14,000 stores in the United States

Top Indian asset manager stress tests show delays in exiting small caps

A delay in exiting holdings of such stocks could defer the return of funds to investors, who expect to receive their money back within two to three days, as per current industry practice

Top Indian asset manager stress tests show delays in exiting smallcaps

India has 27 smallcap funds and 24 midcap funds, managing Rs 2.4 trillion ($28.93 billion) and Rs 2.1 trillion respectively

Electoral bonds data: FM says party funding system needs transparency

Election Commission made public names of companies and individuals who had donated billions of rupees to political parties under the system that had kept their identities secret

India's Feb trade deficit at $18.71 billion, consistent with forecast

In February, services exports were $32.35 billion, while imports were $15.39 billion. In January, services exports were $32.80 billion and imports were $16.05 billion

India approves new EV policy in boost to Tesla's market entry plans

New policy mandates companies to invest a minimum of $500 million in the country and will allow them three years to set up local manufacturing for EVs

Nissan considering business partnership with Honda to make key EV parts

Nissan is considering partnering with Honda on key EV parts, as well 'kei car' - boxy vehicles that are smaller and less powerful than regular cars, primarily made for the domestic market

EU antitrust row: Microsoft says Google has a competitive edge in gen AI

Microsoft said that encouraging pro-competitive partnerships in the AI space is an effective way to prevent companies from gaining anticompetitive advantage

Apple buys Canadian startup DarwinAI in a push to join generative AI race

Alexander Wong, an AI researcher at the University of Waterloo who helped build DarwinAI's business, has joined Apple as a director in its AI group as part of the deal

Fund manager who helped Byju's hide $533 mn from its lenders to be jailed

Byju's Alpha, a subsidiary controlled by Byju's lenders, filed for U.S. bankruptcy in February after the Bangalore-based startup defaulted on $1.2 billion in debt

Donald Trump launched CIA covert influence operation against China

The CIA team promoted allegations that members of the ruling Communist Party were hiding ill-gotten money overseas

Foxconn Q4 profit jumps 33% to $1.7 bn on strong AI server demand

The AI server market was likely to see 30% growth each year between 2023 and 2025, and Foxconn's growth would be in line with that or even higher, he said

US' proposed ban on TikTok 'not fair', says China's foreign ministry

legislators have raised fears that TikTok's US user data could be passed on to China's government

Paytm Payments Bank plans to cut about 20% of staff as business halt looms

Paytm Payments Bank has decided to lay-off staff in certain divisions, including operations, the sources with direct knowledge of the matter said

Biocon to sell branded formulations biz to Eris Lifesciences for $150 mn

Biocon had earlier sold its dermatology and nephrology branded formulation businesses to Eris for Rs 350 crore in November last year

After RBI restriction, Fitch puts IIFL Finance on negative rating watch

"The move reflects a downside risk to IIFL Finance's franchise, profitability and overall risk profile if regulatory restrictions on new gold-backed lending are prolonged," Fitch said in a note

Fitch raises GDP growth estimates for FY24, FY25, tempers view on rate cuts

The RBI has kept the repo rate unchanged at 6.50% for the last six consecutive meetings and has reiterated its commitment to reaching the 4% inflation target on a sustainable basis

Reliance to buy Paramount's entire 13.01% stake in Viacom18 for $517 mn

The transaction is also subject to the completion of Reliance's previously announced merger with Walt Disney for their India TV and streaming media assets

BP, ADNOC suspend $2 bn deal to acquire 50% stake in Israel's NewMed

NewMed said all parties had agreed to pause negotiations, although Abu Dhabi National Oil Co (ADNOC) and BP have reaffirmed their interest in the deal