Page 181 - Reuters

Accenture warns of contract delays, cancellations amid US spending cuts

Accenture said its federal services unit is facing a slowdown as the US General Services Administration instructed all federal agencies to review their contracts

India's ambitious $23 bn PLI scheme to counter China factories set to lapse

As of October 2024, participating firms had produced $151.93 billion worth of goods under the scheme, or 37 per cent of the target that Delhi had set

Apple shakes up AI executive ranks in bid to turn around Siri: Report

Mike Rockwell, vice president in charge of the Vision Products Group, will now be in charge of the iPhone maker's Siri virtual assistant

Allianz, Jio Financial strike deal for insurance business in India

Allianz is aiming for a majority stake in the venture but is also open to securing governance rights with a path to taking control in the future, the report said

Accenture warns of contract delays, cancellations amid US spending cuts

Accenture said its federal services unit is facing a slowdown as the US General Services Administration instructed all federal agencies to review their contracts

GM, Hyundai in talks to share pickups, electric vans in North America

Both automakers also face geopolitical tensions heightened by tariffs being levied or threatened by US President Donald Trump, which could curtail their ability to use imported components

Global debt exceeds $100 trillion as interest costs surge, says OECD

Germany's parliament approved a massive plan to boost infrastructure and support a broader European defence spending push this week

US Fed's wait-and-see approach gives respite to tariff-struck investors

Fed policymakers signaled a cautious stance of their own on Wednesday at a policy meeting that left interest rates unchanged but acknowledged rising risks to both growth and inflation

Opec+ issues new plan for oil cuts to compensate for overproduction

The plan will represent monthly cuts of between 189,000 barrels per day and 435,000 bpd, according to a table on OPEC's web site. The scheduled cuts last until June 2026

EU likely to delay first counter-tariffs against US to mid-April

The European Commission had proposed re-imposing tariffs on 4.5 billion euros ($4.9 billion) of US products on April 1, followed by hitting a further 18 billion euros of US goods on April 13

IndusInd Bank appoints independent firm to probe accounting discrepancies

The independent firm, which the bank did not name, will identify the root cause of the discrepancies, assess the correctness of the accounting treatment of the derivative contracts

Ukrainian experts will be in Saudi for peace talks, says Zelenskyy

Russian and US experts are due to discuss ways to ensure the safety of shipping in the Black Sea at talks on a possible peace settlement in Saudi Arabia on Monday

Oil prices rise after US sanctions on Iran, escalated tensions in West Asia

The US on Thursday issued new Iran-related sanctions, targeting one individual and several entities including a Chinese "teapot" oil refinery for purchasing and processing Iranian crude oil

Bajaj Finance names Anup Kumar Saha as MD, Rajeev Jain becomes VC

Saha joined Bajaj Finance in 2017. He has served 25 years in the financial services industry, of which 14 years were with ICICI Bank and 11 years with non-bank entities

India to start new sugar season with sufficient stocks, says Isma

Industry bodies have lowered output estimates for the current year to September 2025, raising some concerns over supplies

Oil prices hold steady as fuel drawdown offsets strong dollar impact

US government data showed a higher-than-expected drawdown last week in distillate inventories, including diesel and heating oil, which fell by 2.8 million barrel

Accenture raises full-year revenue forecast on AI services demand

Strong demand for large-scale projects in cloud migration, artificial intelligence-led digital transformation and data security has helped companies such as Accenture

Canada PM Mark Carney expected to call snap election for April 28

Carney, a former two-time central banker with no previous political or election campaign experience, captured the Liberal leadership two weeks ago

Indian firms seek technical help from Dutch Royal IHC for deep-sea mining

Unlike countries like China, India is not yet prepared to extract minerals from the ocean's depths due to a lack of seabed mining expertise, experts say

JSW to set up 0.5 MMT capacity copper smelter in Odisha by 2028-29

In January, JSW said it was foraying into the copper business with a Rs 2,600 crore ($301.22 million) investment to operate two copper mines from Hindustan Copper for a period of 20 years