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Committee recommends route to direct listing at IFSC GIFT city: Report

The group also suggested that Indian mutual funds may be permitted to participate in direct listings at the IFSC up to a limit of 1% of their assets under management

Sony sold over 50 million Play Station 5 gaming consoles over three years

Sony's games business was its largest unit by sales and the second-biggest contributor to operating profit after music in the last financial year

Apple ramps up Vision Pro production, plans February launch: Report

Announced in June this year, the Vision Pro is expected to be available by early 2024 in the US at $3,499

Investment funds managers face tougher rules on investor cash calls

Global regulators published tougher rules for managers of open-ended investment funds to ensure they can meet investor cash calls in a crisis without need for emergency liquidity from central banks

Russian court fines Google $50.8 mn over 'fake' Ukraine information

A Russian court fined Alphabet's Google on Wednesday 4.6 billion roubles ($50.84 million) for failing to delete so-called "fake" information about the conflict in Ukraine

Toyota's Daihatsu to halt all vehicle shipments, in widening safety scandal

Toyota Motor's Daihatsu unit will halt shipments of all of its vehicles, Japan's biggest automaker said on Wednesday, after a safety scandal investigation found issues involving 64 models

US consumer confidence rises to five-month high, home sales eke out gains

Though consumers continued to worry about inflation, many were planning to buy motor vehicles, houses and major appliances like refrigerators and clothes dryers over the next six months

Indian bond yields continue flattish trend, traders eye fresh cues

Indian government bond yields were largely flat on Wednesday in yet another trading session, amid consolidation after their recent decline and as traders awaited more directional triggers

Big UK inflation drop bolsters bets on Bank of England cuts early next year

The annual rate of increase in consumer prices dropped to 3.9% from 4.6% in October, pushed down in part by cheaper petrol, for its lowest reading since September 2021

Google plans restructuring 30,000-people ad sales unit as automation booms

Sean Downey, who oversees ad sales to big customers in the Americas, said at a department-wide meeting last week that Google plans to restructure its ad sales teams

AI cannot be patent 'inventor', UK Supreme Court rules in landmark case

In a separate case last month, London's High Court ruled that artificial neural networks can attract patent protection under UK law

Brent hovers near $80 amid geopolitical tensions over Red Sea attacks

On Wednesday, Greece advised commercial vessels sailing in the Red Sea avoid Yemeni waters. Greek ship owners control about 20% of the world's commercial vessels in terms of carrying capacity

Sony's video game plans leaked by Rhysida ransomware group: Report

Sony-owned Insomniac Games' more than 1.3 million files, including game roadmaps, budgets and information about an upcoming "Wolverine" title, have been leaked online by the Rhysida ransomware group

India urges G7 to delay ban on Russian diamonds as rules not clear: Report

India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.

Asian buyers struggle with high price of onions after India's export ban

The world's biggest exporter of onions banned shipments on Dec. 8 after domestic prices more than doubled in three months following a drop in production.

Toshiba delisted from Tokyo exchange after 74 yrs; future with new owners

The conglomerate is being taken private by a group of investors led by private equity firm Japan Industrial Partners(JIP)

Steel demand in FY25 likely to be slower as elections loom: Analysts

"We expect finished steel consumption in India to increase by 9 per cent in FY25, following a 12 per cent rise in FY24," Fitch Ratings said

Ready to talk on Ukraine but will defend our national interests: Putin

Putin, who sent troops into Ukraine in 2022, has repeatedly said he would be prepared to talk about peace, though Western officials say he is waiting for the U.S. presidential election

Accenture forecasts Q2 revenue below estimates on muted IT spending

Analysts expect IT services expenditure to remain muted in the near term as businesses typically decide their annual budgets only after February

Israel keeps pounding Gaza, Yemen's Houthis vow more Red Sea attacks

The conflict has spread beyond Hamas-ruled Gaza, including into the Red Sea where Iran-aligned Houthi forces have been attacking vessels with missiles and drones