Page 10 - Reuters

Accenture beats quarterly revenue estimates on strong AI demand

Acquisitions of fast-growing firms and AI-focused assets will account for roughly $5 billion in spending this year, Accenture CEO Julie Sweet said

Brent crude falls to $107 as US, allies look to secure Strait of Hormuz

Brent futures fell $1.24, or 1.1 per cent, to $107.41 a barrel as of 0148 GMT, while US West Texas Intermediate (WTI) crude fell $1.24, or 1.3 per cent, to $94.90

Indian asset managers dump government bonds at record pace on oil shock

Mutual funds have net sold government bonds worth 356 billion rupees ($3.82 billion) so far this month, a record for any month, clearing house data showed

Thyssenkrupp-Jindal steel sale talks 'not moving forward': Deputy chairman

Juergen Kerner said labour representatives ‌had presented Jindal, which has been doing due diligence on Thyssenkrupp's steel unit since October, with a detailed questionnaire

Iran conflict threatens fresh food-price surge across developing world

Developing countries were gaining after pandemic and Ukraine shocks, but the Iran conflict now threatens food, fuel and finance gains and could leave households struggling

Gujarat clears new Tata Power deal to resume long-term supply from Mundra

The deal comes as a relief to ‌India, which is looking to maximise power output from its coal plants amid an escalating West Asia conflict that is expected to lead to a gas shortage during summer

Tesla likely to buy solar equipment worth $2.9 billion from Chinese firms

Musk said in January that solar power could meet all of the electricity needs of the United States, including the ever-increasing demand from a growing number of data centres

Govt's proposal to preload national ID app Aadhaar on phones faced pushback

The ​tussle over preloading state-run apps has become a recurring flashpoint between the government and ​tech firms

Gold falls 2.7% to over 1-month low on strong dollar, hawkish Fed tone

Central banks in the US, Canada and Japan struck hawkish tones this week, wary that rising energy prices could spark a fresh wave of inflation

Trump says US will not deploy troops to West Asia amid Iran conflict

Trump spoke at the White House during an Oval Office meeting with Japanese Prime Minister Sanae Takaichi

Iranian missile hits Israeli oil refinery in Haifa, minor damages reported

Energy Minister Eli Cohen said power was briefly disrupted, with electricity restored to most of those who were affected

US, global central banks hold rates, warn of war-led inflation risks

Earlier this week the Reserve Bank of Australia hiked rates to a 10-month high and warned of a "material" risk to inflation from the oil price spike

SBI Funds Management files for IPO; SBI, Amundi to sell 203.7 mn shares

Existing ‌investors State Bank of India and Amundi will sell ​203.7 million shares through ‌the "offer ​for ‌sale" route. SBI Funds ‌will not ‌issue new ​shares ​in the IPO

Strike on Iran South Pars gas field coordinated with US: Israeli officials

Trump said in a social media post that Washington "knew nothing about this particular attack" and that Israel would not attack the gas field further unless Iran again attacked Qatar

ECB holds rates as West Asia conflict clouds growth, inflation outlook

"The war in the Middle East...will have a material impact on near-term inflation through higher energy pricesm," the ECB said

Bank of England holds rates; gilts fall as markets raise hike bets

Sterling remained higher on the day, at around $1.3297 and at around 86.30 pence per euro

Domestic consumption priority, may review fuel exports plan: Govt

India may curb fuel exports to secure domestic supply as West Asia conflict disrupts energy flows and triggers LPG shortages

India recommends $3,453/MT anti-dumping duty on Chinese DASDA imports

India trade remedies authority has recommended an anti-dumping duty of $3,453 per metric ton on imports from China of DASDA

India's auto boom at risk as West Asia conflict disrupts gas supply

The disruption comes at a time when India's car demand is soaring to record levels, with sales expected to cross 4.5 million units in the current fiscal year to March 31

India in talks with Russia, Belarus, Morocco for fertiliser imports: Report

The Middle East accounts for roughly half of India's DAP and urea imports, with Saudi Arabia the largest DAP supplier and Oman the biggest urea supplier