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Axis Bank reports wider-than-expected Q4 loss on $1.41 bn Citi deal

Axis reported a loss of Rs 5,728 crore ($700.1 million) for the three months ended March 31, compared to a profit of Rs 4,118 crore a year earlier

Deutsche Bank to cut 800 jobs after strong first quarter to save cost

Germany's biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland

Hindustan Unilever's earnings margin shrinks after increased commodity cost

HUL shares fell about 2%, taking their total declines this year to nearly 4%

Coforge Q4 net profit drops 45%; full year revenue crosses $1 bn mark

Coforge said it expects full-year revenue growth of 13% to 16% in constant currency terms

Coming Soon on JioCinema app: Hollywood content from Warner Bros, HBO

"It's a deep exclusive arrangement which will make JioCinema the house of Warner, HBO in India," said the report

NSE tweaks index inclusion rules for spun-off entities to reduce churn

The change will apply to any such spin-offs approved by shareholders of the parent companies on or after April 30, the NSE said in a circular late on Wednesday

China Jan-Mar industrial profit slump underlines slow economic recovery

The economy expanded by 4.5% year-on-year in the first three months of the year, beating market expectations and marking the strongest growth in a year but its resilience looks likely to be tested

Alibaba slashes Cloud prices by 50% to drive adoption before IPO

The price cuts are one way for the company to attract more customers, said Zhang Yi, who tracks China's cloud computing sector at research firm Canalys

Voltas Q4 profit slumps 21% on provisions over contract terminations

Voltas, which competes with Blue Star, made provisions of 2.44 billion rupees during the quarter due to the termination of some contracts in Dubai and Qatar last year

Maruti Suzuki to boost capacity to keep up with passenger vehicle demand

Indians bought a record 4 million passenger vehicles in fiscal year 2022-23, led by demand for sports utility vehicles

HDFC Life misses Q4 profit view on higher expenses, PAT rises marginally

The Mumbai-based insurer said its standalone profit after tax rose a marginal 0.3% to Rs 359 crore for the quarter ended March 31

Production incentive scheme draws $6.54 bn in investments till Dec 2022

While New Delhi pays local manufacturers when sales targets are met, the scheme helps draw investments and create new jobs

Amid regulatory challenges, Pernod Ricard's Bouhier resigns as India head

It is also fighting a near $250 mn tax demand for allegedly undervaluing imports, and the Delhi city authorities have declined its request for a liquor sale licence

Share market reverse intraday losses on Wed, shrug off US recession fears

Analysts also anticipated caution from investors ahead of the U.S. Federal Reserve rate decision on May 3. The odds of a 25-basis point rate hike stand at 80.7%

Brookfield to invest $1 bn in Avaada Group to fund green hydrogen project

Avaada currently operates a renewable energy portfolio of 4 gigawatt (GW) with plans to reach 11 GW by 2026

Reckitt names Kris Licht as CEO, continues to beats sales estimates

Licht, who has served as president of Reckitt's health business and as chief customer officer since July 2020, will be appointed to the board as an executive director from June 1

One in five cars sold globally this year will be electric, says IEA

Over half of electric cars on the road so far worldwide are in China, which also dominates global battery production and was responsible for 60% of electric car sales in 2022

Chivas-maker Pernod challenges New Delhi licence rejection in court

"Merely because there may be certain allegations ... cannot be equated with a criminal or be considered as having a criminal background," Pernod Ricard's April 23 filing stated

China's Fosun drops plan to sell stake in drugmaker Gland Pharma: Report

Fosun Pharma holds a 57.86% stake in the Indian company

World Bank chief economist calls for new approaches to address debt crisis

The Common Framework should be replaced, he said, in the strongest terms used by a World Bank official. "It's not the right machinery"