Page 502 - Reuters

Global banking watchdog to crack down on 'window dressing' by big banks

The rules were introduced a decade ago after many lenders were bailed out by taxpayers in the global financial crisis

As Big Tech scrambles to meet EU regulations, investigations seen as likely

The Digital Markets Act (DMA) is one of the most comprehensive regulatory actions to rein in so-called "Big Tech" and is expected to reshape the global technology industry after decades of unfettered

Feb consumer price inflation forecast to edge down to 4-month low: Poll

Rises in food prices, which make up almost half of the consumer price index (CPI) basket and experience sharp swings often due to uneven monsoons, have recently outpaced overall inflation

RBI tightens norms for credit, debit cards used with business accounts

Last month, the RBI had ordered Visa to stop using an unauthorized route to make business-to-business card payments which used fintech companies as an intermediary

Govt panel backs higher carbon tax on coal imports to limit polluting fuel

Coal is among India's top five commodity imports by value. Despite surging domestic production, mainly of low-quality coal with high ash content

Goldman Sachs ups stock buyback forecast for companies in S&P 500 index

The Wall Street brokerage had earlier expected a 4% annual rise in companies buying back their own shares, against a 14% fall last year

Tata Motors to hike commercial vehicle prices by up to 2% from April 1

Tata Motors, India's top automaker by revenue, had last hiked prices for its CV range by up to 3% in January

Fuel consumption increases 5.7% in February on strong factory output

Demand was up about 5.1% on a daily basis from the 4.74 mbpd (20.04 million metric tons) consumed in January

LTIMindtree CFO Vinit Teredesai resigns, Vipul Chandra to take over

Chandra has been with the L&T Group since October 2013

SingTel sells 0.8% stake in Bharti Airtel for $711 mn to GQG Partners

Post the transaction, SingTel will hold an effective stake of 29 per cent in Airtel, which would be valued at around S$33 billion

As costs rise, Lufthansa drops 2024 operating margin target to 7.6%

Europe's airlines have benefited from unprecedented demand following the pandemic, allowing them to hike prices, but higher labour and maintenance costs have limited earnings growth

China has stepped up grey-zone warfare to exhaust Taiwan: Defence report

Taiwan Defense Ministry this week said it would increase the number of missile drills and begin night-time exercises for pilots

X could soon receive payment licenses in New York, California: Elon Musk

Since acquiring the company formerly known as Twitter in 2022, the billionaire has sought to turn it into an 'everything app' like Tencent's dominant WeChat app in China

X planning to remove likes and reposts from content, says Elon Musk

Elon Musk talked about decluttering the content on X, formerly Twitter

Opec expects to reclaim share of Indian imports eroded by Russian supplies

The share of oil from the Organization of the Petroleum Exporting Countries (OPEC) imported by India declined from about 65% in 2022 to 50% last year, according to industry data

Apple cancels Epic Games' developer account, Fortnite ios hangs in balance

Epic Games said it had intended to use the developer account to bring its online marketplace, Epic Games Store, and the Fortnite game to iOS devices in Europe

India beats rivals in West Asia private capital deals since 2020: Reports

India accounted for more than half of all Asia deals with West Asia investors and 58% of the capital invested in Asia during the period, outpacing China and Southeast Asia

China's Antfin offloads 2.1% of Zomato stake worth $341.5 million

The stake sale comes amid tensions between Beijing and New Delhi over issues ranging from border disputes to India's increasing scrutiny of Chinese businesses and investment

Use of Adobe GenAI tools in marketing boosted productivity, says IBM

IBM said it was using Adobe's tools, which can generate images from text-based prompts, to help with marketing campaigns

'Will not meddle in US presidential election,' Russia rejects accusations

President Vladimir Putin dropped a series of ironic remarks about the U.S. election, saying that he finds Joe Biden preferable as the next U.S. president to Donald Trump