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US, China reach agreement to ease export curbs, keep tariff truce alive

US commerce secretary Lutnick said the London agreement would lift some recent US export restrictions but gave no details after talks ended

Maruti Suzuki cuts near-term EV production amid rare earths crisis

India's top carmaker, which said on Monday it had not seen any impact yet from the supply crisis, now plans to make about 8,200 e-Vitaras between April and September

Hyundai Motor has rare earths stockpile that could last about a year

Hyundai also significantly boosted its rare earths inventories during a recent period when China had slightly relaxed its export restrictions

Tencent Music to buy Chinese audio platform Ximalaya for $2.4 billion

The deal will give Tencent Music access to a diverse creator network that includes professional and user-generated content on topics spanning history, business and entertainment

India May inflation likely cooled to 3% as food price pressure eases: Poll

RBI which targets inflation in the middle of its 2-6 per cent range in the medium term, also shifted its policy stance to 'neutral' from 'accommodative'

Trump backs call to arrest California governor Newsom over border row

Newsom, a Democrat, responded that he hoped he would never see the day that a president called for the arrest of a sitting governor in the United States

WPP CEO Mark Read steps down after 7 years amid falling share value

It is in a four-way battle for a large part of Mars' non-creative business. WPP's EssenceMediacom has held the media planning and buying accounts since 2018

Apple faces AI delay, app store scrutiny and rivals' smart glasses push

So far, O'Donnell said, there is not yet strong evidence that consumers are basing major hardware-purchasing decisions on AI features

Tata Motors to invest up to $4 billion over 5 years for EVs, new cars

India, the world's third-largest car market, is planning stricter emission norms starting 2027 and wants EVs to form 30% of all car sales by 2030

Merck's potential cholesterol pill succeeds in late-stage studies

The company is searching for its next blockbuster candidate as its major revenue driver, Keytruda, is expected to lose patent protection by the end of the decade

UnitedHealth may sell Latin America arm for $1bn to refocus on US: Report

UnitedHealth's shares tumbled 25.5 per cent in May alone, and year-to-date are down 40 per cent. UnitedHealth left Brazil in 2023 and Peru in March

RBI to discontinue daily variable rate repo auctions from June 11

The RBI started conducting daily VRR auctions on every working day from January 16, when banks were grappling with tight liquidity conditions

Sebi investigates Jane Street's derivatives trades over three years

The investigation - the largest such into a global trading firm - follows a series of steps taken by the Securities and Exchange Board of India (SEBI) to cool the frenzy in India's derivatives markets

Reliance and Shein aim to sell India-made clothes abroad within a year

Reliance, controlled by Asia's richest person, Mukesh Ambani, has contracted 150 garment manufacturers and is in discussion with 400 more, said the two people

India's $80 bn coal-power generation ambition is running short of water

The world's most populous country plans to spend nearly $80 billion on water-hungry coal plants by 2031 to power growing industries like data center operations

Asian shares rise, dollar eases ahead of US-China trade talks in London

Wall Street stocks had closed sharply higher on Friday after the jobs data eased concerns about damage to the world's biggest economy from President Donald Trump's unpredictable tariff regime

Colombian senator Miguel Uribe fighting for life after shooting

The Colombian Attorney General's Office said in a statement that "a minor under 15 years of age was arrested carrying a Glock pistol-type firearm (9mm)"

Trump's travel ban on 12 nations set to take effect from early Monday

The countries affected by the latest travel ban are Afghanistan, Myanmar, Chad, Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen

Oil prices rise on US jobs data and renewed China trade discussions

Brent crude futures gained $1.28, or 1.96 per cent, to $66.62 a barrel by 1649 GMT. US West Texas Intermediate crude climbed $1.34, or 2.11 per cent, to $64.71

Jerome Powell too slow to lower borrowing costs: Trump on US Fed rate cut

The Fed last September did reduce rates by a half of a percentage point, after a faster-than-expected decline in inflation and a marked slowdown in the labor market