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HDFC Bank closes $1.15 bn stake sale in education finance arm HDFC Credila

The conclusion of the deal comes ahead of HDFC Bank's fourth-quarter results next month

Cryptoverse: Artificial intelligence tokens outpace record-breaking bitcoin

Coins linked to AI-focused crypto projects have jumped alongside tech stocks like Nvidia, driven by insatiable investor appetite for applications like machine-learning

JPMorgan sets up dedicated sports investment banking team, appoints heads

The bank has created a new "sports investment banking coverage group" which will offer advisory and financing solutions for activities like investing in sports franchises to clients globally

Bankrupt crypto lender Genesis to pay $21 million to settle SEC charges

The deal resolves January 2023 charges the SEC filed against Genesis and Gemini Trust Company LLC over their joint crypto lending program

Nvidia shares decline as investors look out for details on new AI chip

Shares of the world's third most-valuable firm dropped about 1.4% to $872, with some analysts saying investors had already factored in the unveiling of the B200 Blackwell chip

AstraZeneca bets on next-generation cancer therapy with $2 bn Fusion deal

AstraZeneca will pay $21 per Fusion share, a premium of more than 97% to the US-listed company's closing price on Monday

Steel majors to invest billions of capital to meet buoyant local demand

A spurt in economic activity and a revamp of broader infrastructure have drawn steel makers from around the world to India, where demand is rising. In Europe and the United States, it is falling

Adani Green denies connection to US investigation involving 'third party'

In a statement filed with exchanges, Adani Green said it has no relationship with the third party and is "thus unable to comment" on the scope of the U.S investigation into the alleged dealings

Shriram Finance unit raises $300 mn via 'first of its kind' social bonds

The bonds, which come under the "social bonds" category and were issued to U.S. investors, were priced at a coupon of 5.85% late on Monday, inside the initial price guidance of around 6.15%

High-yield borrowers tap offshore bonds as investor appetite improves

The increased interest, visible in strong subscriptions for issues this year, is likely to push up offshore bond fund raising by Indian firms after it hit a 14-year low in 2023

Meta offers to almost halve Facebook, Instagram monthly fees to 5.99 euros

The move came amid mounting criticism from users about Meta's no-ads subscription service launched in Europe in November which critics say requires users to pay a fee to ensure their privacy

West decries reelection of Putin as President; China, India vow closer ties

"Russia's election was an election without choice," German Foreign Minister Annalena Baerbock said at the start of the meeting.

Drones key to gain advantage over Russia, says Ukraine's army chief

Ukraine President Volodymyr Zelenskiy as part of his military reforms ordered in February the creation of a separate branch of Ukraine's armed forces devoted to drones

Bankrupt airline Go First's bidder ups bid following nudge from banks

Go First, which filed for bankruptcy in May last year, received two financial bids as part of its bankruptcy process, the second being Sharjah-based Sky One Airways, Reuters had reported

Israeli airstrikes kill 20 in Gaza, Rafah, say Palestinian officials

Six more people died in another air strike on a house in Al-Nuseirat refugee camp in central Gaza Strip, they added.

More Chinese tied knot in 2023, lifting marriage rates 1st time in 9 yrs

The number of newlyweds rose to 7.68 million last year, according to data released by the Ministry of Civil Affairs last week

Nasdaq resolves glitch that impacted trading; downtime lasted around 2 hrs

The Nasdaq is home to thousands of stocks, including those of iPhone maker Apple, electric vehicle-maker Tesla and semiconductor powerhouse Nvidia

Iraq to curb crude oil exports to compensate for exceeding OPEC+ quota

OPEC+, whose de facto leader is Saudi Arabia, has highlighted the importance of compliance with the pledged cuts even as oil prices have rallied this year

Tata Sons to sell up to 23.4 mn TCS shares in a deal worth $1.13 bn

Tata Consultancy Services' stock price closed at Rs 4,152.50 today, it is up 1% on one month and has gone up by 14.92% in six months

Unclear how many baby formula maker cases related to Enfamil: Reckitt

Shares of Reckitt, which owns brands such as Lysol, Dettol and Strepsils, that day suffered their steepest one-day drop since 1999, making it the top loser on London's blue-chip FTSE 100