Page 693 - Reuters

Go First locks horns with lessors in a bid to begin bankruptcy hearings

By Arpan Chaturvedi and Siddhi Nayak

Global gold demand fell in 1st quarter amid reduced investor buying: WGC

Demand shot to an 11-year high in 2022 thanks to the biggest central bank on record. Gold prices, meanwhile, are near record highs above $2,000 an ounce

Sebi to tell brokers, mutual funds to limit use of financial influencers

Sebi will ask brokers, traders registered with it and mutual funds to stop associating with financial influencers who are seen to be giving misleading advise and inducing investors, the report said

Stable macro data, earnings trigger FPI buying in shares in April: NSDL

The benchmark Nifty 50 jumped 4.06% in April, its best month since November, aided by the stable earnings as well the return of the FPIs into domestic equities

Manappuram Finance says enforcement action against promoter, not company

Manappuram's promoter, V.P. Nandakumar, said in the notification that the probe was not related to the company but a private entity called Manappuram Agro Farms, which is no longer in existence

India to amend power policy draft to halt new coal-fired capacity

India plans to stop building new coal-fired power plants, apart from those already in the pipeline, by removing a key clause from the final draft of its National Electricity Policy

Fed up with returns, Europeans drain billions from banks: Report

The trend emerged as some of the region's biggest lenders outlined a profitable start to the year in results that also offered a glimpse of a phenomenon dubbed a "bank walk"

Moscow says US behind Kremlin drone attack, Russian forces target Kyiv

The European Union is setting aside €500 million ($551 million) to boost manufacturing of artillery shells, missiles and gunpowder in an effort to speed up production of ammunition for Ukraine

US regional banking woes worsen: PacWest, Western Alliance stocks tumble

The bank had confirmed an earlier Reuters report on Wednesday that it was exploring strategic options, including a potential sale or capital raising

Go First pilots rush to Air India's job drive after it files for bankruptcy

Go First's announcement on Tuesday that it had filed for bankruptcy as demand for post-pandemic air travel in the world's most populous country boomed came as a shock to many employees

UBS weighs options for sale of Credit Suisse's Swiss unit, say reports

UBS is studying plans to sell the Swiss banking business of Credit Suisse in an initial public offering (IPO) after taking over its smaller rival, the people said, speaking on condition of anonymity

United Breweries posts 94.03% slump in Q4 profit on higher input costs

India's United Breweries Ltd reported a 94.03% slide in fourth-quarter profit on Thursday, hurt by higher raw material costs

US trade deficit narrows sharply to 9.1% in March as exports rise

Exports increased 2.1% to $256.2 billion. Goods exports shot up 3.1% to $174.3 billion. Crude oil exports rose $2.5 billion, boosting shipments of industrial supplies and materials

CEAT reports five-fold jump in Q4 profit on lower raw material costs

The company recommended a final dividend of Rs 12 rupees per share

India amends power policy draft to halt new coal-fired capacity: Reports

The draft, if approved by the federal cabinet chaired by Prime Minister Narendra Modi, would make China the only major economy open to fresh requests to add significant new coal-fired capacity

US weekly jobless claims rise as higher borrowing costs cool demand

Initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 242,000 for the week ended April 29

Shopify to lay off 20% of workforce in 2nd round, revenue tops expectations

The company also reported better-than-expected results for the first quarter, as more merchants used its online tools and targeting services to attract customers tackling high inflation

ECB raises rates by 25 bps to 3.25% in inflation fight in a 7th hike

The central bank for the 20 countries that share the euro has now lifted rates by a combined 375 basis points since last July, its fastest pace of tightening

Wadia-owned Bombay Dyeing posts bigger loss in March qtr as costs soar

The Mumbai-based company's consolidated net loss widened to Rs 246 crore ($30.08 million) for the three months ended March 31, from a loss of Rs 41.74 crore a year earlier

Alibaba Group's global online commerce arm weighs US IPO, says report

The e-commerce giant is in the early stages of consideration and the IPO's size is yet to be determined, the report added