Page 637 - Reuters

Morgan Stanley profit drops 18% in second quarter as deal doldrums persist

Global M&A activity fell 36% in the second quarter versus a year earlier, according to Dealogic. Still, its climb from the first quarter has sparked hopes of a nascent recovery

India to push G20 to raise share of taxes on firms for 'excess profit'

More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinationals

Google cannot remove Disney app in tussle over in-app charges: Court

Disney's lawsuit is the latest and most high-profile challenge to Google's policy of imposing a "service fee" of 11-26% on in-app payments in India

Bank of America profit rises in second qtr on boost from interest income

Bank of America's net interest income (NII) rose 14% to $14.2 billion in the second quarter

Court declines to entertain Pernod appeal to renew liquor sale licence

India's federal financial crime agency has accused the company of illegally making profits by giving false information to Delhi

ICICI Prudential Q1 profit jumps 33% to Rs 207 crore on investment gains

The company had a debt-equity mix of 54:46 at June 30 and 97.1% of the fixed income investments were in sovereign or AAA-rated instruments

Polycab India's Q1 profit soars 82% on higher demand of wires, cables

The company's shares rose as much as 3.6% to hit a record high of 4,055 rupees after the results

World Bank chief unveils plans to boost lending to tackle climate change

The new steps, still being discussed with shareholder countries, come on top of initial steps approved in April that will boost World Bank lending by up to $50 billion over the next decade

Eli Lilly's drug donanemab seen as a turning point in dementia fight

Drug slows Alzheimer's by 60% for mildly impaired patients in trial

ICE buyout target Black Knight sells second unit to ease antitrust path

Constellation had also agreed to buy Black Knight's Empower loan origination system business in March, a deal that analysts said may not be enough to quell concerns over ICE's $11.7 billion proposal

Russia halts grain deal as bridge to Crimea struck, claims Ukraine strike

The grain deal was hailed as preventing a global food emergency when it was brokered by the United Nations and Turkey last year, halting a de facto blockade of Ukrainian ports by Russia

Fight against inflation far from over as food price spikes: RBI bulletin

Surging food prices accelerated India's annual retail inflation rate to 4.81% in June, snapping four months of easing and erasing any chance of a rate cut this year

RBI buys $7.37 billion in spot foreign exchange market in May: Bulletin

The Indian rupee depreciated by over 1% against the dollar in May

Fisker to sell 100 limited edition electric SUVs in Indian market by Q4

The company had said in September it would begin selling its Ocean electric SUVs in India by July 2023, with local production beginning in a few years

India's gasoline demand likely to recover from late August: HPCL official

The local sale of diesel by private refiners is also denting sales by state-run companies, the official said

Debt restructuring talks at G20 meet hurt by differences, low attendance

The two-day meetings that kicked off on Monday were seen as key to setting the tone for the G20 leaders' summit in September in New Delhi

Tata Elxsi Q1 Results: Profit up 2% YoY to Rs 189 cr, revenue jumps 17%

Large Indian IT services companies have flagged discretionary spending cuts by clients and an uncertain demand environment

Global temperatures near record highs as US, China meet on climate change

Wildfires in Europe raged ahead of a second heat wave in two weeks that was set to send temperatures as high as 48C

Coal India plans $1.5 bn industrial water transport corridor in east

Coal India, Paradip Port, the Inland Waterways Authority, the Ministry of Mines, and the Ministry of Ports, Shipping and Waterways did not immediately respond to requests for comment

Zee Entertainment forms interim committee to run operations; shares up 6.3%

SAT directed SEBI to pass a final order by the middle of next month and asked Chandra and Goenka to defend themselves before the regulator