Page 499 - Reuters

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

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

Government allows RBI to import gold without paying import levies

As of September 2023, the Reserve Bank of India held 800.79 metric tonnes of gold, including gold deposits of 39.89 tonnes

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

China deepens bilateral defence ties with Maldives, Sri Lanka and Nepal

On Tuesday, India rejected Chinese objections to Prime Minister Narendra Modi's weekend visit to Arunachal Pradesh in the eastern Himalayas, which China claims to be a part of southern Tibet

Goldman Sachs to resume commercial property investment in US market

The underlying strength of the U.S. economy should support a rebound in the US market too, although he cautioned about the speed of a recovery

Britain will change law to ban foreign countries from owning newspapers

The decision comes at a time when Britain is using a separate regulatory process to weigh up whether to allow Redbird IMI's bid for the Telegraph

RBI tells 2 banks to stop adding new customers to co-branded credit cards

RBI directed South Indian Bank and Federal Bank to stop adding new customers to their co-branded credit cards, the lenders did not disclose the reasons cited by the central bank

Britain sells 4 billion pounds of new 30-year inflation-linked bond

The 1.25% November 2054 index-linked gilt will be priced to yield 1.5 basis points more than the 1.25% November 2055 index-linked gilt, which acts as the benchmark

IIFL Finance to raise $242 mn via rights basis, non-convertible debentures

The company will raise the funds through the issue of shares on rights basis and non-convertible debentures via a private placement, it said in an exchange filing

Adidas posts first loss in 30 years, warns North America sales may decline

Adidas has been battling to right itself after it cut ties with Kanye West in October 2022, suspending sales of the highly profitable Yeezy sneaker line

Volkswagen sees slowdown in vehicle sales growth amid growing competition

The company said on Wednesday it expected a boost to vehicle orders in Western Europe in the coming months from new models including fully electric cars

Japan's Space One's solid-fuelled Kairos rocket explodes after launch

Space One said the flight was "interrupted" after the launch and was investigating the situation. There was no immediate indication of what caused the explosion

Govt bond yields seen higher tracking US peers on inflation uptick

The benchmark 10-year yield is expected to drift in the 7.03 per cent-7.07 per cent range, following its previous close of 7.0274 per cent, a trader with a private bank said.

US airlines' plan to boost capacity in doubt amid delayed Boeing deliveries

Boeing has been under heavy regulatory scrutiny following a harrowing Jan. 5 Alaska Airlines mid-air panel blowout that led to probes into the company's safety and quality standards

Ukraine launches drone attacks on Russia for second night in row: Officials

"No one was injured," Vyacheslav Gladkov, the governor of the Belgorod region that borders Ukraine said on the Telegram messaging app.

Toyota agrees to biggest wage hike in 25 years in sign of big pay bump

Toyota, the world's biggest carmaker and traditionally a bellwether of the annual talks, said it agreed to the demands of monthly pay increases of as much as 28,440 yen ($193) and record bonus payment