Page 632 - Reuters

Elon Musk's decision to rebrand Twitter as X could be complicated legally

X is so widely used and cited in trademarks that it is a candidate for legal challenges - and the company formerly known as Twitter could face its own issues defending its X brand in the future

Shoppers Stop shares drop 5% as profit tumbles 34% on investments

Total expenses rose 5.8% for Shoppers Stop, which sells products ranging from Vero Moda apparel to Michael Kors watches at its stores

Russia plans to lower oil export discount to $20/bbl, says finance minister

Russian President Vladimir Putin in February signed a law fixing the discount on Russia's dominant Urals blend of crude oil for tax calculations

RBI likely bought dollars in spot via PSBs, paid in far forwards: Traders

Two public sector banks were buying dollars, likely for the RBI, while a large private sector bank was on the bid on USD/INR for its importer clients, a currency trader said

Byju's 'regularly disregarded' former director's advice, says Prosus

Prosus, which this year slashed its valuation of Byju's to $5.1 billion from $22 billion last year, said the decision for its director to step down from Byju's board last month

Land spinoff holds up $232 million BEML privatisation deal: Reports

The Indian government is looking to sell 26% out of the total 54% stake it holds in the company along with a transfer of management control

'Terrorism', says Russia as Ukraine drones hit 2 buildings near Army HQ

"I was asleep and was woken up by a blast, everything started shaking," Polina, a young woman who lives near the high-rise building told Reuters.

US business activity growth slows to a five-month low as services soften

Monday's tepid survey data supported evidence that the US economy was still growing as the third quarter began, but at a slower rate from the April-through-June period

SoftBank forms $100 mn JV to build AI-powered warehouses with Symbotic

Shares of Symbotic rose 1.3% on Monday, while SoftBank closed 1.2% higher on the Tokyo bourse before the news

Confident of meeting debt maturities in FY24: Vedanta CFO Shrivastava

The company is committed to reducing debt as its "high-quality" assets continue to generate a healthy cash flow, Sonal Shrivastava said in a statement. "We are prudent in raising capital"

Tesla to discuss factory plan for new $24,000 car with Goyal: Report

The $24,000 EV Tesla representatives were said to have described in discussions about a potential Indian plant would be 25% cheaper than its current lowest priced offering

Mahindra Logistics swings to loss on higher costs, weak demand in Q1

Consolidated revenue from operations rose about 8% to 12.93 billion rupees, lifted by more than 6% growth in its mainstay supply chain management business

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

Sebi to consider permitting delisting via fixed price: Madhabi Puri

The market regulator is now considering permitting a promoter to place a delisting offer at a fixed price for shareholders to consider

Centre orders probe into Eros International Media's accounts: Report

In an interim order in June, SEBI said it had found prima facie evidence that Eros International's accounts were "overstated and do not present a true and fair picture of its financial health"

Domino's Pizza misses revenue estimates as higher prices dent demand

Total revenue fell 3.8% to $1.02 billion in the three months ended June 18, compared with analysts' estimate of $1.07 billion, according to Refinitiv IBES data

Relaxo Footwears reports surge by 46% in Q1 profit on higher demand

Revenue from operations for the Sparx sports shoes maker rose nearly 11% to 7.39 billion rupees, while its expenses rose 8.5%

India's economy to hold top spot for GDP but not so much for jobs: Poll

The latest Reuters poll of 53 economists taken between July 13 and 21 showed the Indian economy would grow 6.1% this fiscal year

Gold trades in tight range before anticipated US Fed rate hike decision

Spot gold was mostly unchanged at $1,959.85 per ounce by 0855 GMT. US gold futures for August delivery fell 0.2% to $1,962.10