Page 629 - Reuters

Sebi seeks curbs to limit retail investors' derivatives risk: Reports

With Indian share prices near record highs, drawing increased retail investor interest, the regulator is concerned smaller players could suffer losses on derivatives if markets turn volatile

IPO-bound Ola Electric recorded $136 million loss in FY23: Report

The e-scooter maker last year in June issued a statement saying it was "on track to surpass $1 billion run rate by end of this year" and "the future forecast looks even stronger."

BOJ loosens tight grip on rates as prices rise, markets bet on bigger pivot

At a two-day policy meeting that ended on Friday, the BOJ kept unchanged its short-term interest rate target at -0.1% and that for the 10-year government bond yield around 0%

BYD tells India partner it wants to drop $1 bn EV investment plan: Reports

BYD and its partner, privately held Megha Engineering and Infrastructures submitted a proposal to the Indian govt in April to jointly build electric cars in India, Reuters reported earlier this month

Meta plans retention 'hooks' for Threads as over half of users leave app

Zuckerberg said he considered the drop-off "normal" and expected retention to grow as the company adds more features to the app, including a desktop version and search functionality

Russian President Putin says ready for talks, but Kyiv refusing to join

Russia has repeatedly said any talks must take account of these "new realities"

P&G beats quarterly sales estimates on resilient demand, higher pricing

Overall volumes fell 1% in the fourth quarter, while average prices across its product categories rose 7%. In comparison, P&G hiked prices by 10% in the third quarter, and its sales volume fell 3%

India's Coromandel counts on drone startup to tackle farm labour shortage

In June Coromandel bought a majority stake in Dhaksha at a valuation of 6.25 billion rupees ($75.96 million), saying the startup will "identify promising avenues of growth" for the company

Exxon Mobil Corp posts 56% profit slump, joins peers in energy price hit

Exxon's oil production is at 3.7 million barrels of oil equivalent per day (boed) year to date, in line with the company's annual target, Mikells said

Intel results boost chip stocks on optimism PC market slump is ending

Intel is poised to add about $10 billion to its market value, based on its current premarket price of $37

PM Modi tells investors India wants to be 'trusted partner' for chipmaking

The investment bodes well for the event, which is the prime minister's latest attempt to attract investors into the chip industry after his initial bid to offer incentives floundered

Vegetables in India to stay expensive for longer on erratic monsoon

Vegetables prices, which have a 6% weighting in the overall consumer price index (CPI), hit a seven-month high in June, rising 12% month-on-month, official data shows

AMD to invest $400 mn in India over 5 yrs to extend R&D capabilities

Despite being a late entrant, the Modi government has been courting investments into India's nascent chip sector to establish its credentials as a chipmaking hub

Silicon Power to invest $121.7 mn in semiconductor plant in Odisha

Silicon carbide is a component that goes into chips used in electric cars and other industrial power and energy applications

Global automakers scramble to reset China strategies as sales slow

Global automakers, who for years have dominated the market along with their Chinese state-run partners, have been slow to pivot to the fast-growing market for EVs with competitive offerings

China's petrol demand to peak as electric vehicle sales soar: Analysts

With gasoline consumption having topped out in the U.S., the world's top gas guzzler, in 2019 and China set to peak around next year, global gasoline markets could move into a surplus from 2025

Will provide free grains to Africa, promises Russian President Putin

Putin told the summit that over 70 per cent of Ukrainian grain exported thanks to the now-lapsed deal had gone to high-or-above-average-income countries

Facebook parent Meta stock surges 8% on AI-powered ad sales booster

Meta's results were also supported by improving monetisation of Reels, a short-form video format that is the company's answer to TikTok

India model pre-orders 'exceeding expectations', says Harley-Davidson CEO

This time the company has teamed up with Hero Motor Co, the world's largest motorcycle maker, to make the bikes with prices below Rs 2.33 lakh ($2,841)

Disney's Hotstar India plans to limit account sharing, says report

Disney's plan comes just as streaming rival Netflix in May started telling subscribers in more than 100 countries they will need to pay more to share the service with people outside their household