Page 7 - Reuters

Oil falls as Iran proposes talks but prices still set for weekly gains

Brent's June contract hit $126.41 a barrel on Thursday, marking the highest level since March 2022, before ending the session down

Apple accuses CCI of overstepping authority as antitrust dispute escalates

After the CCI this month gave Apple an ultimatum to submit its financials and scheduled a final hearing on May 21, the company has urged the Delhi HC to urgently intervene to put the matter on hold

Toyota to build 3 new assembly plants in Maharashtra to boost capacity

The new plants will bring Toyota's factories in India to six, with the other three existing facilities in the south

India's April gold imports seen down 57% to 15 tonnes, near 30-year low

In 2017, when India adopted the IGST, gold-importing banks were exempted from paying the 3% levy

US Q1 GDP growth rises 2% as Iran war clouds outlook, fuels inflation

Gross domestic product increased at a 2.0 per cent annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance GDP estimate on Thursday

Dr Lal Path Labs Q4 FY26 results: Profit down 15.5%, revenue up 16.6%

Consolidated net profit fell to 1.31 billion rupees ($13.8 million) in the quarter ended March, from 1.55 billion rupees a year earlier

Rupee falls 0.5% to record low of 95.33 as oil price surge sparks worries

The reversal has prompted traders and analysts to suggest that fresh regulatory measures could be on the cards

BOE holds rates at 3.75%, warns Iran war may need forceful rate hikes

The Bank of England held interest rates at 3.75 per cent and flagged risks to inflation from the Iran conflict, particularly through higher energy and food costs

Mojtaba Khamenei says new phase ahead for Gulf, Strait of Hormuz after war

Iran's Supreme Leader signals a 'new phase' in the Gulf, raising concerns over Strait of Hormuz security and global oil supply disruptions

Sebi approves change of control at RBL Bank in Emirates NBD stake deal

Emirates NBD's proposal to buy a 60 per cent stake in RBL for $3 billion was announced in October 2025

Asian shares fall as Brent crude hits 4-year high on Iran war fears

MSCI's broadest index of Asia-Pacific shares outside Japan slid 1 per cent on Thursday, but was still set for a 15 per cent gain this month

Foreign outflows rise to $20 bn from Indian shares in 2026, top 2025 peak

India, which imports 90 per cent of its energy needs and relies heavily on supplies from West Asia, is among the most vulnerable to the energy shock

Elon Musk testifies at trial that OpenAI's nonprofit status gave it 'halo'

OpenAI has said it created a for-profit entity to allow it to buy computing power and pay top scientists

US Fed keeps interest rates steady; three dissents against 'easing bias'

A fourth dissent at the meeting came in favor of a quarter-percentage-point rate cut

Gold slips as oil prices fuel inflation fears ahead of Fed chair remarks

Gold slips as rising oil prices stoke inflation fears and rate outlook uncertainty, with markets eyeing Fed Chair Jerome Powell's cues on policy path

Cities near Mumbai likely to raise funds via bonds for first time

Navi Mumbai and Panvel plan maiden bond issues, signalling momentum in India's municipal debt market to fund urban infrastructure projects

Rupee falls 0.3% to record closing low of 94.8450 amid oil price surge

The currency has drifted back toward record lows as the impact of central banks' rupee supportive measures faded, with concerns over India's exposure to higher energy prices weighing on sentiment

Vedanta Q4 results: Net profit rises to ₹6,698 cr on strong metal prices

The ‌Mumbai-based miner's consolidated net profit rose to ₹6,698 crore ($706.3 million) ​in the quarter ended ‌March ​31 from ‌₹3,483 crore a ‌year ago

European stocks fall as traders wait for tech earnings, Fed meeting

Analysts said the United Arab Emirates' decision to quit OPEC was unlikely to have a major near-term impact on prices, though ​it would weaken the oil producers' group

AWL flags 20% surge in oil-linked input costs amid West Asia conflict

The ‌pressures reflect a broader industry trend, with peers such as bottled water maker Bisleri and Dove soapmaker Hindustan Unilever raising prices to counter higher conflict-linked input costs