Page 403 - Reuters

Modi's allies want funds, cabinet positions as NDA gears to form new govt

Besides special status and cabinet positions, TDP is also seeking more funds for irrigation projects in Andhra Pradesh and to complete the building of its new capital, Amaravati

ITC shareholders approve demerger of hotel biz with 99.6% majority votes

ITC Hotels will compete as an independent entity with rivals such as Tata-owned Indian Hotels Company, which operates Taj Hotels, and EIH Associated Hotels, which manages the Oberoi brand of hotels

Russia could deploy missiles in striking distance of West, says Putin

Putin also said Moscow was considering deploying similar high-technology, long-range missiles close enough to strike the states that allowed Ukraine to strike Russian territory with such missiles

Zee Entertainment to raise nearly $240 million, to use funds for growth

Zee said it will use the funds to "enhance its strategic flexibility to pursue future growth opportunities in the evolving media landscape"

India to spend up to $385 bn to meet renewable energy target: Moody's

India, a major greenhouse gas emitter, has said it aims to ramp up non-fossil fuel capacity set by 50 GW each year to help meet its 500 GW target.

Scorching heat fuels India's gas-fired power use to multi-year highs in May

More than 75 per cent of India's power generation was from coal in 2023, while gas-fired plants have accounted for only about 2 per cent in recent years, largely because of the high cost of gas

'US regulators to open antitrust probe against Microsoft, OpenAI & Nvidia'

The US Department of Justice will take the lead in investigating Nvidia while the FTC will examine the conduct of OpenAI and Microsoft

Meta hit with 11 EU complaints over use of personal data to train AI models

Meta has cited a legitimate interest for using users' data to train and develop its generative AI models and other AI tools, which can be shared with third parties

Indian bond yields dip as focus moves to US after weaker mandate for Modi

Focus has shifted to US bond yields and oil prices, with the market digesting Prime Minister Narendra Modi's smaller victory margin for a third term.

Indian shares seen opening slightly higher as Modi set for third term

The National Stock Exchange of India handled the highest ever number of transactions in a single trading day on Wednesday, with 19.71 billion orders and 285.5 million transactions

Asia stocks rally as US Fed rate cut bets gather momentum; ECB in focus

The shifting Fed expectations lifted oil prices and dragged Treasury yields to their lowest in two months after data this week hinted the US labour market was easing

737 MAX case: Boeing CEO to testify before US Senate panel on June 18

The Federal Aviation Administration (FAA) in February barred Boeing from boosting 737 MAX production after a door panel blew out during a Jan 5 flight on a 737 MAX 9 operated by Alaska Airlines

In apparent blow to Biden's plan, Hamas leader demands full end to Gaza war

Meanwhile, Defence Minister Yoav Gallant said there would be no let-up in Israel's offensive while negotiations over the ceasefire proposal were under way

World hits streak of record temperatures as UN warns of 'climate hell'

The average global temperature for the 12-month period to the end of May was 1.63 degrees Celsius (2.9 degrees Fahrenheit) above the pre-industrial average

UN Chief Guterres rebukes fossil fuel supporters amid climate records

Countries should ban such advertising, he said, as many countries do for tobacco and other products that have proven harmful to human health

Crypto exchange Binance seeks to slash size of $13 billion UK lawsuit

Lawyers representing BSV Claims, a vehicle set up to pursue the case, say the exchanges engaged in anti-competitive behaviour to delist BSV in 2019

Detailed AI rules not on cards for now, says UK financial watchdog

Rathi said the FCA would with the Bank of England shortly take on powers to oversee critical third parties such as cloud computing providers, which would help provide oversight

Ministry of steel bets against limiting imports of key raw material

Imports of low ash metallurgical coke by India, the world's second-biggest crude steel producer, have surged more than 61% over the past four years

RBI action, foreign banks' dollar sales help rupee recover, ends higher

The rupee closed at 83.37 against the US dollar, up nearly 0.2% compared with its close of 83.53 in the previous session

US presidential elections: Who are the candidates in race for top job

President Joe Biden and former President Donald Trump will face each other in the U.S. presidential election on Nov. 5 in what looks set to be a divisive, closely fought contest