Page 923 - Reuters

Mahindra Auto may be divided into three separate units, says report

Mahindra Group is also seeking funds for the EV unit and will club it with Italian design house Automobili Pininfarina to form a separate company, according to the report

Dollar index hits 20-year high, sterling tumbles on dovish Bank of England

Stocks tumbled on Thursday as investors fretted the Fed might need to take more drastic action to bring inflation under control

Oil steadies near $110/bbl; strong US dollar offsets supply worry

Wall Street stocks tumbled as investors shed risky investments, worried the Fed might hike rates more this year to tame inflation

Wall Street slumps as investors fear bigger Fed rate hikes; Nasdaq falls 4%

The Dow Jones Industrial Average fell 1,033.07 points, or 3.03%, to 33,027.99

Shell reports highest quarterly profit since 2008 on crude boom

It beat its previous highest quarterly profits recorded in 2008 even after writing down $3.9 billion post-tax as a result of its decision to exit operations in Russia

Bank of England hikes rates to 13-yr high, warns of rising recession risk

The pound fell by more than a cent against the US dollar to hit its lowest level since mid-2020

Central Bank of India to close 600 branches by March 2023, says report

The bank is looking to reduce the number of branches by 600 by either shutting down or merging loss-making branches by the end of March 2023

Musk's $44 bn Twitter buyout faces FTC antitrust review: Report

The FTC declined comment, while Musk could not be reached for comment.

'All your wealth': Bernie Sanders slams Amazon, Bezos at Senate hearing

Sanders addressed Amazon Chairman Jeff Bezos, who had been invited to testify but did not appear.

India's largest lithium-ion battery plant starts production in Gujarat

The plant, with total installed capacity of 1.5 Gigawatt hours (GWh), has six automated assembly lines on which it will produce batteries for automobiles and energy storage applications

RBI raised interest rates fearing 'shocker' April inflation data: Report

The central bank's move shocked the markets and drove bond yields to multi-year highs. The 10-year benchmark bond closed at 7.40% on Thursday, its highest in three years

Covid led to 15 million deaths globally, not the 5 million reported: WHO

The official count of deaths directly attributable to COVID-19 and reported to WHO in that period, from January 2020 to the end of December 2021, is slightly more than 5.4 million

Musk secures over $7 bn funding from investors for Twitter takeover

The move comes as Musk's margin loan was reduced to $6.25 billion from $12.5 billion announced earlier, according to the filing.

Economists expect higher rate hikes after RBI's hike to tame inflation

Most economists are now forecasting a cumulative 125-150 basis points of rate hikes over the next 12 months, compared with about 50 basis points expected three months ago

Asian equities witness large outflows for fourth straight month

The region's combined net foreign selling during January to April stood at $45.76 billion, the most in the first four months since at least 2008.

EDF hopes to seal EPR nuclear reactor deal in India in coming months

The French state-controlled power group last year had made a binding offer to help build six third-generation EPR nuclear reactors at the Jaitapur site in India's Maharashtra region

India's services activity at 5-month high in Apr despite inflation worries

While input costs increased at the fastest rate in nearly 14 years, prices charged rose at their quickest rate in around half a decade.

Oil edges up 0.3% on EU's sanctions on Russia, proposed crude ban

The sanctions proposal, which was announced by European Commission President Ursula von der Leyen and needs unanimous backing by the 27 EU countries to take effect

Sri Lankan tea pickers' dreams shattered as nation faces economic crisis

The Covid-19 pandemic severed the tourism lifeline of the Indian Ocean nation, already short of revenue in the wake of steep tax cuts by the government.

Over 80 firms including China's JD.com face delisting risk from US

The SEC on Wednesday expanded the list, consisting of US-listed Chinese entities, on a provisional lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.