Page 233 - Reuters/workspace/business Standard Web/undefined

Sri Lankan president's NPP secures majority in parliamentary election

Dissanayake, a political outsider in a country dominated by family parties for decades, comfortably won the island's presidential election

Donald Trump picks North Dakota Governor Burgum for interior secretary

Interior Secretary will oversee policies guiding the use of 500 million acres (202.3 million hectares) of federal and tribal land, a fifth of the nation's surface area

US President Biden to bid farewell at APEC, G20 under Trump's shadow

Meetings over six days are not expected to yield any major new agreements, senior Biden administration officials said, even as they are likely to touch on trade, security and global alliances

China's new home prices post steepest annual decline in nine years

In annual terms, new home prices slid 5.9 per cent in October, in their 16th consecutive month of declines, after a 5.8 per cent drop in September

Donald Trump picks Jay Clayton as Manhattan's top federal prosecutor

Clayton is likely to be seen as a somewhat unconventional pick for the office known for high-profile financial crime and public corruption prosecutions

Chinese self-driving firm Pony AI seeks around $4.5 bn valuation in US IPO

Two investors, including Chinese carmaker BAIC, have indicated on buying shares worth $74.9 million in the IPO

Berkshire bites into Domino's Pizza, dips into Pool as stock retreat

The investments were disclosed in a US Securities and Exchange Commission filing detailing Berkshire's US-listed investments as of Sept 30

Bluesky attracts millions of users as they leave Musk's X after Trump win

X was called out by misinformation experts during the election for playing a central role in enabling the spread of false information about the critical battleground states

Saudi Arabia scales back on NEOM plans to prioritise sports as costs rise

Crown Prince Mohammed bin Salman has poured hundreds of billions of dollars into development projects through the kingdom's PIF sovereign wealth fund

Glenmark Pharma Q2 results: PAT rises to Rs 354 cr on chronic drugs demand

The drugmaker reported a consolidated profit of Rs 354 crore (nearly $42 million) for the quarter ended Sept. 30, compared with a loss of Rs 81.95 crore a year ago

ECB members divided on risk of excessively weak inflation, show accounts

The ECB cut rates for the third time this year in October and made clear that further easing is coming given a weak economy and diminishing price pressures

Sebi flags need for tighter regulations as royalty payments increase

Securities and Exchange Board of India (Sebi) said one out of two times listed companies that paid royalty, did not pay dividend or paid more royalty to RPs than dividend paid to other shareholders

Blackstone eyes 20% stake in Haldiram's snacks at $8 billion valuation

Blackstone was eyeing a stake of 75 per cent in the business and had made a non-binding bid, but those talks did not materialise as Haldiram's is no longer keen to sell a big stake

Over 800 million adults have diabetes globally, many untreated: Study

In 2022, there were around 828 million people aged 18 years and older with type 1 and type 2 diabetes worldwide, the study found

Unilever eyes sale of Dutch brands Unox, Conimex in turnaround strategy

Unilever has lined up ABN Amro to conduct a sale of some of the Dutch food brands, including Unox soups and Conimex seasonings

Oil prices flat after decline on strong dollar, slow demand concerns

Brent crude futures were down 3 cents to $72.25 a barrel at 0937 GMT. US West Texas Intermediate crude futures were down 7 cents to $68.36

SECI weighs criminal action against Reliance Power over fake bid documents

SECI said on Wednesday that the bank guarantee submitted by the unit, Reliance NU BESS, was also fake

Govt to probe e-scooter maker Ola Electric over service, product standards

Last month, the Central Consumer Protection Authority sent Ola Electric seeking an explanation after the consumer rights agency received an unusually high 10,000 complaints

Foreign investors sell nearly $1 bn of JPM index-linked govt bonds in Nov

For the first 10 months of 2024, foreigners bought Rs 1.18 trillion of bonds, driven by India's inclusion in the JPMorgan index on June 28

Eicher Motors up 8%; Royal Enfield rides past 'toughest phase': Analysts

Eicher's stock rose more than 8.3 per cent and was the top gainer on the Nifty auto index, which was up about 1 per cent