Page 25 - Reuters

India faces power cuts as heatwave drives record electricity demand

Several regions faced power cuts as soaring temperatures pushed electricity demand beyond 270 GW, prompting calls for more judicious power use

Sun Pharma posts Q4 profit of ₹2,714 crore on strong specialty drug demand

India's largest drugmaker reported stronger-than-expected quarterly profit as growth in specialty medicines offset weakness in US sales

RBI not in favour of rate hikes to defend rupee, prioritises inflation

India's rupee has fallen nearly 6 per cent since the Iran war began late in February and slumped to a record low of nearly 96.96 per dollar on Thursday

India's job engine strains as Iran war hits remittances and trade

Iran war has dealt a double blow to the economy, with returning migrant workers stuck in India and unable to find similar pay in their hometowns, raising risk of social unrest as unemployment grows

Oil prices gain as investors doubt breakthrough in US-Iran peace talks

Brent crude futures rose $2.38, or 2.3 per cent, to $104.96 a barrel by 0034 GMT, and US West Texas Intermediate futures were up $1.73, or 1.8 per cent, at $98.08

Bharti group seeks UK support to increase BT stake without bid for takeover

Bharti could increase its stake to as much as 29.9 per cent to gain greater economic exposure to BT but does not plan to pursue a full takeover

Successor will have 'hands full': Air India CEO amid operational challenges

Air India, which has reported heavy losses, has also faced a series of safety lapses

Ukraine can be EU 'associate' member: German Chancellor Friedrich Merz

Friedrich Merz has proposed an "associate member" status for Ukraine as an interim pathway towards full EU membership

Walmart sticks to conservative annual targets, shares decline 7%

Walmart maintained cautious annual targets despite strong sales growth, sending its shares down over 7 per cent

Gail Q4 FY26 result: Net profit drops 38% to ₹1,262 cr; revenue down 2.5%

GAIL's revenue from operations fell 2.5 per cent to 347.97 billion rupees

ITC Q4 FY26 result: Profit rises 2% to ₹6,692 crore; revenue up 17%

The company, which makes Gold Flake cigarettes, reported profit rose 2 per cent to 66.92 billion rupees ($695.63 million) in the March quarte

Nykaa Q4FY26 result: Net profit jumps fourfold to ₹78 cr; revenue rises 28%

Nykaa ‌is sharpening its push for profitability by doubling down on its core beauty business and expanding its offline reach as it seeks to tap India's $28 billion beauty market

JSW Cement Q4 result: Net profit jumps tenfold to ₹371 cr on strong demand

India's demand for cement accelerated 6 per cent-7 per cent year-on-year in January and February due to strong growth, but moderated in March

RBI set for record dividend transfer to govt, fiscal gap likely to persist

An expected ₹3.05 trillion handover, the midpoint of the poll, would be ‌the highest share of expected government revenue in more than two decades, excluding the fiscal year 2019-2020

Trump to sign order on AI, cybersecurity amid push for tighter oversight

MAGA activists, including ex-Trump adviser Steve Bannon and right-wing political organiser Kremer, have been pressing to require AI developers to submit their most capable models for security tests

Oil rebounds on uncertainty over Iran peace deal, inventory drawdowns

Brent crude futures rose 81 cents, or 0.77 per cent, to $105.83 a barrel by 0055 GMT, ‌and US West Texas Intermediate futures were up 97 cents, or 0.99 per cent, at $99.23

Indonesia unveils plan to centralise control of commodity exports

Prabowo Subianto plans tighter state control over commodity exports to boost revenues and influence global pricing

Mumbai rainfall to become tradable with NCDEX weather futures

National Commodity and Derivatives Exchange to launch India's first rainfall derivatives contract, enabling firms to hedge monsoon-related risks

Gold steady at $4,480/oz as high Treasury yields offset Iran peace hopes

Spot gold was unchanged at $4,480.29 per ounce, as of 0915 GMT, after ‌earlier falling to its lowest level since March 30

Jubilant FoodWorks Q4 FY26 profit up 66% to ₹824 crore; revenue rises 19%

The operator of Domino's Pizza and Popeyes restaurants in India, posted a profit ​of 797.9 million rupees for ‌the quarter ​ended March ‌31, up from 480 ‌million rupees a ‌year earlier