Page 685 - Reuters

Financials, IT aid rise in Indian shares ahead of RBI rate decision

The Nifty 50 closed 0.91% higher at 17,557.05, while the S&P BSE Sensex rose 0.99% to 59,689.31. Both the benchmarks have extended gains for a fourth session in a row

Gold price extends rally as weak US data bolsters Fed slowdown bets

The dollar index steadied, but was still near two-month lows, making bullion cheaper for buyers holding other currencies

India's Godrej Consumer Products estimates double-digit Q4 sales growth

India's Godrej Consumer Products Ltd on Wednesday estimated its sales grew in double digits in the 4th quarter, led by strong domestic demand for its home and personal care products

McKinsey shutting down restructuring business, reports Wall Street Journal

Some partners in the restructuring unit, called McKinsey RTS, were laid off and others are being absorbed into other practices, the report added

Finland becomes member of Nato, Russia threatens 'counter-measures'

Finland's accession roughly doubles the length of the border that Nato shares with Russia and bolsters its eastern flank as the war in Ukraine grinds on with no resolution in sight

No contamination found in samples of eye drops linked to US deaths: Report

Indian tests found the samples to be of standard quality, the report said, nearly two months after U.S. agencies warned against using the Artificial Tears eye drops

General Motors' 5,000 salaried workers take buyouts to leave company

GM will take a $1 billion charge in the first quarter, he said. The company had previously projected $1.5 billion in charges related to staff reductions

JP Morgan puts HCL on 'negative catalyst watch' ahead of Q4 results

JP Morgan on Tuesday placed Indian IT services provider HCL Technologies Ltd on "negative catalyst watch" ahead of the earnings season, citing the highest near-term risks for the company

Axis Bank CEO flags risks of slowing economic growth, says report

Axis Bank Ltd Chief Executive Officer Amitabh Chaudhry said he was watchful over consumer demand in the Indian economy and that expectations for growth might have to be tempered a bit

Bank of Baroda stops clearing payment for above-cap Russian oil: Report

The state-run lender told refiners last month that it would not settle payment from Russian barrels bought above the price cap, the three sources said

Oil price stable as markets weigh OPEC+ surprise cuts amid demand woes

The latest pledges bring the total volume of cuts by Opec+ to 3.66 million bpd, including a 2 million barrel cut last October, equal to about 3.7 per cent of global demand

Dollar sags after weak data, investors bet on Fed near to end of hike cycle

Sterling rose to a new 10-month high against the dollar, while the euro reached its highest since February

Richard Branson's Virgin Orbit files for bankruptcy, to seek buyer

Virgin Orbit's strategy has been that launching small rockets from a 747 in flight would allow for short-notice launches from anywhere

Australia pauses rate hikes to assess tightening impact, inflation in focus

In March, two-wheelers, three-wheelers, passenger vehicles and commercial vehicles saw a growth of 12 per cent, 69 per cent, 14 per cent, and 10 per cent, respectively

Truly sorry that we could not keep the trust, says Credit Suisse chairman

After years of scandal and losses, Credit Suisse came to the brink of collapse before UBS rode to the rescue with a merger engineered and bankrolled by the Swiss authorities

Oil leaps 6% as Opec+ shocks markets with plans to cut output target

Oil benchmarks jumped 6% on Monday, the day after the OPEC+ group jolted markets with plans to cut more production, raising fears of tightening supplies

Revenue in India hit as Delhi delays licence, says Pernod Ricard

Pernod said it is "being severely impacted with loss of market share and revenues" and unable to conduct its business in the city, adding that as a consequence it was "suffering massive losses"

Sebi to probe Adani offshore deals for possible rule violations: Report

The three entities allegedly entered into several investment transactions with unlisted units of the ports-to-power conglomerate founded by billionaire Gautam Adani over the last 13 years

US manufacturing activity nears three-year low; price pressures abate

Manufacturing expanded at a 4.5% annualized rate in the fourth quarter, the government reported last week

Bahrain seeks to attract investment with new golden licence for companies

The move is part of an economic recovery plan launched by the oil producing state in October 2021 to boost growth and job creation