Page 673 - Reuters

Govt likely to recover 'excess revenue' earned by power companies

Under the early-stage proposals, a uniform price cap on spot power trades would be replaced with new limits for each source of power generation

Bausch + Lomb to buy dry-eye drug maker Novartis for $1.75 bn: Report

Acquisition of the drug, Xiidra, will mark the first big deal by CEO Brent Saunders since he returned to the company in March

Investors pour most money into Japan stocks since 2020, says BofA

Foreign investors are excited about the prospect of a new era of growth in corporate Japan and their buying helped the Nikkei share benchmark to scale three-decade peaks earlier this month

Edtech giant Byju's seeks investors for Aakash Education stake: Report

The company bought Aakash Education for $950 million in 2021

6 injured in Sahithi Pharma factory fire in Andhra Pradesh: Police

Two of the injured were hospitalized with critical burns after a fire broke out in a solvent reactor at a unit of Sahithi Pharma, District Superintendent of Police Murali Krishna said

Ukraine to receive $1.5 bn from World Bank to support reconstruction

Ukraine is rebuilding schools, hospitals, roads and bridges and implementing repairs in the energy sector despite continued fighting in the south and east of the country

Importers must hedge near-term exposures on dollar rally risk, say analysts

The greenback is projected to strengthen against most Asian currencies in the July-September quarter, with a rate hike by the Fed at its July meeting now a near certainty

Multi Commodity Exchange tanks after extending IT contract at higher cost

MCX's transition to the TCS-run platform has been delayed, despite the company assuring analysts and its investors that the transition would take place by end-June

World Bank approves $1.5 bn financing for India's low carbon energy sector

The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen and stimulating climate finance for low-carbon energy investments, the bank said

Indian rupee may struggle on more Fed rate hike bets, US yields surge

Non-deliverable forwards indicate rupee will open at around 82.08 to the US dollar compared with 82.0550 in the previous session

S&P 500 advances, Treasury yields touch 3-month high on solid economic data

Financials led the gainers after the Federal Reserve's stress test showed US lenders have adequate capital to weather an economic storm

Oil settles higher, trade choppy as tight supply vies with rate hike fear

European Central Bank President Christine Lagarde has cemented expectations for a ninth consecutive rise in euro zone rates in July

No deal for access to Britain's labour market: UK on India FTA talks

Britain launched trade talks with India in January last year, and Prime Minister Rishi Sunak has stressed that he won't sacrifice quality for speed in negotiations

US Supreme Court rejects affirmative action in university admissions

Decision deems Harvard and UNC policies unconstitutional

US Supreme Court rejects affirmative action in university admissions

Upends decades-old policies on so-called affirmative action, also called positive discrimination

US weekly jobless claims decline, first-quarter GDP revised higher

Initial claims for state unemployment benefits dropped 26,000 to a seasonally adjusted 239,000 for the week ended June 25, the Labor Department said

India trade talks discussing business travel, not broader immigration: UK

Britain will discuss temporary business visas as part of Free Trade Agreement talks with India but any deal will not contain broader immigration commitments, trade minister Kemi Badenoch said

Apple seeks to fend off EU antitrust charge triggered by Spotify at hearing

The iPhone maker will set out its arguments to senior European Commission officials and their peers at national competition agencies at a closed hearing in Brussels

US antitrust regulator plans to target Amazon's online marketplace

The main allegation by the U.S. Federal Trade Commission is expected to be that Amazon leverages its power to reward those online merchants that use its logistics services and punish ones who don't

Paracetamol maker Granules India flags operations hit from cyber attack

Due to significant changes in its IT systems, the IT security incident caused a major disruption in its business operations, the Paracetamol maker said in an exchange filing