Page 176 - Reuters

Rupee's two-day RBI-driven surge peters out despite rally in regional peers

The Reserve Bank of India (RBI) is believed to have intervened heavily on Monday to prevent the rupee from breaching 88 per dollar and then again on Tuesday for further support

Sebi seeks greater access to social media records to curb market violations

This is the second time since 2022 that the Securities and Exchange Board of India (Sebi) has sought such powers, with approval from the government still pending

Oil prices drop amid Ukraine-Russia peace talks, rising US crude stocks

Russia is the world's third-largest oil producer and sanctions imposed on its crude exports after its invasion of Ukraine nearly three years ago have supported higher prices

Musk will pull OpenAI bid if ChatGPT maker remains non-profit, say lawyers

Musk sued Altman and others in August and has asked a US district judge to block OpenAI's attempt to transition to a for-profit entity

Govt expects $200 million worth missile deal with Philippines this year

The Akash missile system developed by India's defence research body has drawn interest from the Philippines

Grok 3 in final stages of development, to outperform all chatbots: Musk

Grok 3 has very powerful reasoning capabilities, so in the tests that we've done thus far, Grok 3 is outperforming anything that's been released, Musk said

Russian oil suppliers must provide sanctions-compliant cargoes: Oil secy

Widened sanctions on Moscow by western countries including the United States have roiled global oil trade and forced buyers of discounted Russian crude to find new ways to maintain their purchases

Boards of Nissan and Honda vote to officially end merger discussions

Nissan, Japan's third-largest automaker, backed out of $60 billion merger talks with larger rival Honda after negotiations were complicated by growing differences

Banks' margins to take 10 bps hit in FY26 due to rate cuts: Fitch Ratings

Last week, the RBI started its rate-cutting cycle by lowering its key policy rate by 25 bps to 6.25 per cent and said it would be watchful and proactive with liquidity measures

China proposes summit between Putin, Trump to help end Ukraine war

Trump said Putin and Ukrainian President Volodymyr Zelenskiy had expressed a desire for peace in separate phone calls

HAL promises faster delivery of warplanes after air chief marshal's rebuke

The Air Force has ordered 83 Mk-1A light combat aircraft from HAL, an advanced variant of the operational Mk-1 Tejas

Tata Steel likely to tap corporate bond market after near 1-year hiatus

Tata Steel is likely to raise around Rs 3,000 crore ($345.6 million) through this bond issue

PM Modi, Trump to hold press conference after their meet: White House

PM Modi's discussions with Trump are expected to focus on areas such as two-way trade, energy, technology and immigration

China's Baidu to make AI chatbot Ernie bot free of charge from April 1

The AI service will be accessible at no cost to all users on both desktop and mobile platforms, Baidu said

DeepSeek gives China's chipmakers leg up in race for affordable AI

Huawei and its Chinese peers have for years struggled to match Nvidia in building top-end chips

Elon Musk's X agrees to pay about $10 million to settle Trump's lawsuit

That makes X the second social media platform to settle with Trump over the suspension of his accounts following the storming of the US Capitol by his supporters in January 2021

75,000 US federal workers accept Trump's buyout programme, judge approves

The buyout is one of many approaches Trump is taking to slash a civilian workforce of 2.3 million that he has blasted as ineffective and biased against him

Air India rules out more Boeing jet orders for now, says CEO Wilson

The former state carrier is in the midst of a multi-billion-dollar revamp in the face of established competition, after Tata Group took it over more than two years ago

JPMorgan Chase begins one of several planned layoffs for 2025: Report

The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions

Chevron to cut up to 20% of global workforce amid cost-saving push

At the same time, the company is facing weak margins in its refining business, which reported a loss in the fourth quarter for the first time since 2020