Page 479 - Reuters/14

Currency market calm before Powell's speech, bitcoin rally resumes

The absence of major catalysts kept the dollar under pressure, having slipped on Tuesday after data showed U.S. services industry growth slowed last month

Opec expects to reclaim share of Indian imports eroded by Russian supplies

The share of oil from the Organization of the Petroleum Exporting Countries (OPEC) imported by India declined from about 65% in 2022 to 50% last year, according to industry data

India beats rivals in West Asia private capital deals since 2020: Reports

India accounted for more than half of all Asia deals with West Asia investors and 58% of the capital invested in Asia during the period, outpacing China and Southeast Asia

Former US ambassador Nikki Haley ends presidential campaign: Report

Haley's decision to suspend her campaign comes a day after Super Tuesday, when Trump beat her soundly in 14 of the 15 Republican nominating contests

China's Antfin offloads 2.1% of Zomato stake worth $341.5 million

The stake sale comes amid tensions between Beijing and New Delhi over issues ranging from border disputes to India's increasing scrutiny of Chinese businesses and investment

Use of Adobe GenAI tools in marketing boosted productivity, says IBM

IBM said it was using Adobe's tools, which can generate images from text-based prompts, to help with marketing campaigns

'Will not meddle in US presidential election,' Russia rejects accusations

President Vladimir Putin dropped a series of ironic remarks about the U.S. election, saying that he finds Joe Biden preferable as the next U.S. president to Donald Trump

Annual GDP growth for current FY could be very close to 8%: RBI chief Das

Das said rural demand had been improving and was much stronger than a year ago, while urban demand continued to be very strong

Parboiled rice exports slow on confusion over duty calculations: Dealers

The 20% duty slowed India's parboiled rice exports, but still traders ship around 500,000 metric tons per month as prices jumped in competing countries such as Thailand, Vietnam, Pakistan, and Myanmar

'Mahindra Finance aims to nearly double non-vehicle loan book in FY25'

Currently, non-vehicle finance comprises 5%-6% of the company's loan book. The target will be met in phases and may not exceed 10% in 2024-25, Iyer said

China's exports likely slowed in Jan-Feb period as factories struggle

The head of the state economic planner said on Wednesday that China's exports for January-February rose by 10%, but did not state whether that was in yuan or dollar terms

Hamas vows to press on with Gaza ceasefire talks as situation worsens

US President Joe Biden said on Tuesday it was in the hands of Hamas whether to accept a deal on the table for a ceasefire in exchange for the release of Israeli hostages

Morgan Stanley cuts 9% of China fund unit staff amid market rout: Report

This would be the first time Morgan Stanley has cut staff at the China fund unit since it bought out its local partner's 36% stake in the loss-making business for about $54 million in 2023

With growing economy, Siemens has high hopes from Indian biz, says exec

Rebellius, head of Siemens' Smart Infrastructure business, said India was a priority for future investments as it upgrades its electric grid and invests in renewable energy

RBI directs credit card issuers to give users choice of other networks

RBI on Wednesday said issuers of credit cards shall not enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks

Elon Musk's X wins lawsuit against music publishers over copyright

Sony Music, Universal Music and other members of the National Music Publishers' Association trade group had sued X last June, seeking more than $250 million of damages

Ceasefire deal is in Hamas' hands as Ramadan nears, says Prez Biden

He said any exchange of prisoners cannot take place except after a ceasefire, reflecting Hamas' view that a ceasefire must, above all, be a step towards a settlement of the conflict

SpaceX faces hearing on engineers fired after criticising Musk over sexism

Starbucks, Amazon.com and Trader Joe's, all of which are facing nationwide union organizing campaigns, have raised similar arguments in pending board cases

General Motors, Magna, Wipro team up for automotive software marketplace

The joint venture, SDVerse, will link the buyers and sellers through a digital platform, where the software's features and attributes can be listed

Lawmakers seek to force ByteDance to divest TikTok or face ban in US

"Applications like TikTok that are controlled by foreign adversaries pose an unacceptable risk to U.S. national security," the lawmakers said in a fact sheet