 "Reuters")
Reuters
Reuters
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
Page 700 - Reuters
Shopify to lay off 20% of workforce in 2nd round, revenue tops expectations
The company also reported better-than-expected results for the first quarter, as more merchants used its online tools and targeting services to attract customers tackling high inflation
 "Shopify to lay off 20% of workforce in 2nd round, revenue tops expectations")
ECB raises rates by 25 bps to 3.25% in inflation fight in a 7th hike
The central bank for the 20 countries that share the euro has now lifted rates by a combined 375 basis points since last July, its fastest pace of tightening
 "ECB raises rates by 25 bps to 3.25% in inflation fight in a 7th hike")
Wadia-owned Bombay Dyeing posts bigger loss in March qtr as costs soar
The Mumbai-based company's consolidated net loss widened to Rs 246 crore ($30.08 million) for the three months ended March 31, from a loss of Rs 41.74 crore a year earlier
 "Wadia-owned Bombay Dyeing posts bigger loss in March qtr as costs soar")
Alibaba Group's global online commerce arm weighs US IPO, says report
The e-commerce giant is in the early stages of consideration and the IPO's size is yet to be determined, the report added
 "Alibaba Group's global online commerce arm weighs US IPO, says report")
Adani Ports completes sale of Myanmar port for a discounted $30 million
Adani Ports and Special Economic Zone Ltd said that it has completed the sale of its port in sanction-hit Myanmar for $30 million, significantly lower than its investment in the project
 "Adani Ports completes sale of Myanmar port for a discounted $30 million")
Tata Steel CEO Narendran expects Europe ops to improve from July-Sept
Europe is still struggling but things are getting better because energy prices have come down, T.V. Narendran told Reuters in an interview
 "Tata Steel CEO Narendran expects Europe ops to improve from July-Sept")
India, Russia suspend negotiations to settle trade in rupees: Report
India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers
 "India, Russia suspend negotiations to settle trade in rupees: Report")
India to become 50% non-cash economy in consumption in 3 years: Report
Market borrowings by India's state governments are likely to be lower than the amounts indicated in their budgets, as off-balance sheet liabilities will continue to be adjusted in this fiscal year
 "India to become 50% non-cash economy in consumption in 3 years: Report")
India's exports may hit $900 bn despite global headwinds in FY24: Exporters
Merchandise exports could expand to between $495 billion and $500 billion, while services exports could touch $400 billion in the year ending March 2024
 "India's exports may hit $900 bn despite global headwinds in FY24: Exporters")
'Plagiarism machines': Writers, studios battle over future of AI
The Writers Guild of America (WGA) is seeking to restrict the use of artificial intelligence in writing film and television scripts
 "'Plagiarism machines': Writers, studios battle over future of AI")
European Union envoys seal deal on joint ammunition buying for Ukraine
Sweden, current holder of the EU's rotating presidency, said the decision "to support the Ukrainian Armed Forces through $1.10 billion for joint procurement of ammunition and missiles"
 "European Union envoys seal deal on joint ammunition buying for Ukraine")
Oil extends loses by 5%, falls below $73 a barrel; Brent futures dips 3%
Both benchmarks closed at their lowest since late March in the previous session, when they also recorded their biggest one-day percentage declines since early January
 "Oil extends loses by 5%, falls below $73 a barrel; Brent futures dips 3%")
Indian-origin Ajay Banga confirmed as next president of World Bank
Ex- Mastercard CEO Ajay Banga to a five-year term as World Bank president
 "Indian-origin Ajay Banga confirmed as next president of World Bank")
India's 10-year bond yield falls to 1-year-low ahead of Fed rate decision
Madan Sabnavis, Chief Economist, Bank of Baroda said Bond yields have come down sharply due to factors like Sudden demand for bonds by HDFC group ahead of merger
 "India's 10-year bond yield falls to 1-year-low ahead of Fed rate decision")
No-frills carrier Go First extends booking hold-up; NCLT plea today
Lenders' meeting on the crisis remains inconclusive, to resume today
 "No-frills carrier Go First extends booking hold-up; NCLT plea today")
Indian Oil to recoup $61 million of fuel sales bill from Go First
By Nidhi Verma and Siddhi Nayak
 "Indian Oil to recoup $61 million of fuel sales bill from Go First")
Tata Chemicals Q4 profit surges 62%, driven by strong soda ash demand
India's Tata Chemicals Ltd posted a 62% jump in fourth-quarter profit on Wednesday, helped by demand for products such as soda ash, bicarbonate and salt
 "Tata Chemicals Q4 profit surges 62%, driven by strong soda ash demand")
Multiples Alternate announces $640 million first close of PE fund
Indian private equity firm Multiples Alternate Asset Management on Wednesday announced the first close of a $640 million fund aimed at investing in domestic companies
 "Multiples Alternate announces $640 million first close of PE fund")
Gold firms up above $2,000 level amid volatility as Fed verdict nears
By Arundhati Sarkar
 "Gold firms up above $2,000 level amid volatility as Fed verdict nears")
Brookfield, Tata Group in talks to invest in upcoming IPO of Nexus Malls
By M. Sriram and Rama Venkat
 "Brookfield, Tata Group in talks to invest in upcoming IPO of Nexus Malls")