Page 136 - Reuters

April composite PMI at 60 as biz growth hits 8-month high on export surge

Manufacturing PMI rose to a 1-year high of 58.4 in April; services hit 4-month peak at 59.1, signalling robust private sector growth and strong demand across both segments

Ather Energy sets IPO price band in range of ₹304 to ₹321 per share

The Tiger Global-backed company trimmed its IPO size on Tuesday to ₹2,626 crore ($308.3 million), down from its initial aim of raising ₹3,100 crore

Asian stocks rise as Trump calms Fed fears, hints at China trade deal

Trump also reiterated he wanted to do a deal with China where tariffs would not be anywhere near 145 per cent, but added that he would set the terms of a deal if Beijing did not enter talks

Dollar jumps after Bessent predicts easing of US-China trade tensions

The US dollar index, which measures the greenback against six other major currencies, was up 0.6 per cent at 98.937, after sinking as low as 97.923 in the previous session

OpenAI would buy Google's Chrome browser, executive testifies at trial

Google has not offered Chrome for sale. The company plans to appeal the ruling that it holds a monopoly

Nomura to buy Macquarie's US, European asset management units for $1.8 bn

The Japanese company has had a troubled history in its attempts to expand overseas, including the acquisition of assets from the collapsed Lehman Brothers in 2008 which it later wrote down

US academic leaders unite against Trump's higher education policies

Tuesday's joint statement is the latest show of resistance from U.S. higher education leaders as the Trump administration seeks to leverage its financial heft to overhaul academia

Ather Energy trims IPO size to Rs 2,626 crore from Rs 3,100 crore

Existing shareholders will offload 11.1 million shares, around half the 22 million shares they planned to sell earlier

IMF economist backs central bank independence after Trump's remarks

Pierre-Olivier Gourinchas said central banks faced a delicate moment in managing inflation, especially in countries like the United States

Banking stocks lift markets for sixth day; Sensex, Nifty at 4-month highs

IIFL Capital estimated that these measures could boost banks' net interest margin between 1 basis point and 18 basis points and add about 1-4 per cent to net profit

GE Aerospace CEO Culp advocates tariff-free regime for aviation industry

Trump's trade war has created the biggest uncertainty for the aerospace industry since the COVID pandemic. It has also led to a breakdown in the industry's decades-old duty-free status

Trump admin begins State Department overhaul to cut redundancy: Rubio

Work that fell to the Under Secretary for Civilian Security, Human Rights, and Democracy will now be placed under a new Coordinator for Foreign Assistance and Humanitarian Affairs

HCLTech CEO signals opportunities despite expected tariff consequences

HCLTech expects the tariff-led turmoil to impact retail and manufacturing verticals and spill over to the other segments after fully kicking in

Havells India Q4 results: Profit up 16% on high demand for air conditioners

The company reported a profit of Rs 518 cr in the three months ended March 31, nearly 16% higher than a year ago

Tata Communications Q4 results: Profit up 15% on data services demand

The firm's consolidated pre-tax profit for the January-to-March quarter rose to Rs 336 cr from Rs 292 cr a year earlier

IndusInd Bank says conducting internal review of microfinance business

IndusInd's shares, which have fallen 13% since the derivative accounting lapse was disclosed, closed 5% lower on Tuesday

6 PSUs seek govt nod to issue deep-discount bonds, long-tenor debt

These companies are Indian Railway Finance Corp (IRFC) , Indian Renewable Energy Development Agency (IREDA) , Power Grid Corp of India (PGC), REC, SIDBI and NABARD

Net $1.6 billion sold in spot FX market in February: RBI bulletin

The RBI said it purchased $45.03 billion and sold $46.6 billion. In January, the central bank had sold a net of $11.1 billion in the spot market

Trump looking to cut US drug prices to international levels: Report

The first source said he had been told directly by government health officials that they were exploring such a policy, which he described as a mid-level priority for the Trump administration

Oil prices rebound on short-covering amid ongoing tariff concerns

The Brent and WTI benchmarks dropped more than 2 per cent on Monday, as signs of progress in nuclear deal talks between the US and Iran helped to ease supply concerns