Page 773 - Reuters

HCL Tech's shares drop most since mid-Jan on downbeat revenue outlook

Shares of HCL Technologies Ltd fell nearly 7% on Friday, in their sharpest intraday drop since mid-January, after the IT services firm warned furloughs and spending cuts

India inflation likely softened to nine-month low in November, shows poll

Inflation has stayed above the upper end of the Reserve Bank of India's 2%-6% tolerance band all year and this has triggered 225 basis points of interest rate rises to the repo rate so far

India's public spending could crowd out private spending, says CEA

India's chief economic adviser said on Friday that the current pace of public spending in the country could crowd out private spending

Snapdeal to shelve its $152 million IPO amid tech stock market retreat

Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups

Poor countries need nearly $500 bn in external financing through 2026: IMF

The IMF said the fiscal position of low-income countries "is increasingly under stress"

Russia attacks in east Ukraine as President Vladimir Putin celebrates

Fighting was underway along the entire line of demarcation in the Donetsk region on Thursday, with the frontline town of Avdiivka shelled by Russian tanks on Thursday morning

Meta battles US antitrust agency over the future of virtual reality

The trial will serve as a test of the FTC's bid to head off what it sees as a repeat of the company buying its way to dominance, this time in the nascent virtual and augmented reality markets

SoftBank's Masayoshi Son raises stake, can now block special resolutions

Son's stake has grown in percentage terms as a result of a recent series of massive share buybacks, a SoftBank spokesperson said

IMF says low income nations need $500 bn in external financing through 2026

Low-income nations will need nearly $500 bn in external financing during 2022-26 period, IMF said, a rise of about $57 bn from a year-ago estimate due largely to spillovers from Russia-Ukraine war

Stolen data of 600,000 Indians sold on bot markets so far, shows study

Around five million people globally have had their data stolen and sold on the bot market till date, of which 600,000 are from India, making it the worst affected country, according to NordVPN

Takeda's dengue vaccine QDENGA gets EU's authorisation use approval

The vaccine, branded QDENGA, is designed for use those aged 4 and older to prevent any of the four so-called serotypes of dengue.

India sees up to $9 bn mobile phone exports in FY23: Rajeev Chandrasekhar

India expects its mobile phones exports to rise to 700 billion rupees ($8.50 billion) to 750 billion rupees ($9.11 billion) this fiscal year, a government minister said on Thursday

Hide your pin number as ATM in Hyderabad now dispenses gold coins

Set up in the south Indian city of Hyderabad, the gold ATM is the brainchild of GoldSikka and dispenses gold coins that weigh anywhere between 0.5 and 100 grams

India says GM technology important for food security, import reduction

The environment ministry in October granted environmental clearance for indigenously developed GM mustard seeds, potentially paving the way for a commercial release of the country's first food crop

Oil price rebounds from 2022 lows on China demand hopes, tanker delays

Brent crude rose 29 cents, or 0.4%, to $77.46 a barrel by 0905 GMT, while U.S. West Texas Intermediate (WTI) crude gained 73 cents, or 1%, to $72.74

Air India to invest $400 mn to refurbish wide-body aircraft cabin interiors

Tata Group-owned carrier Air India said on Thursday it would invest $400 million to refurbish cabin interiors

Centre seeks private sector professional to be first chief executive of LIC

LIC is now headed by a chairman but that post will be scrapped when the term of the present incumbent ends in March

Twitter to hike Blue subscription price to $11 for iPhone app users: Report

The move was likely a pushback against Apple Inc's 30% cut on any payments made by users via apps on the iOS operating system, the report said

US dollar struggles as recession worries simmer, bets on slower rate hike

The yuan hovered near an almost three-month high after China revealed a loosening of stifling COVID restrictions

Work on Adani's Vizhinjam port to resume after fishermen suspend protests

Fisherfolk camped in a makeshift shelter at Vizhinjam, in the state of Kerala since September, have blocked vehicles and halted work on a project they blame for coastal erosion