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Nvidia gets subpoena from US Justice dept as antitrust probe deepens

The antitrust watchdog had previously delivered questionnaires, and has now sent legally binding requests to Nvidia, the report said, adding that other companies had also received subpoenas

Already expensive house prices to get modest boost from rate cuts: Poll

Most central banks were expected to start cutting interest rates sometime this year, or have already done so, with the US Federal Reserve predicted to start at its Sept. 17-18 meeting

SoftBank-backed OfBusiness plans up to $1 bn India IPO for H2 of 2025

The initial public offering is expected to total between $750 million and $1 billion, with about $200 million in new shares and the rest shares offered by existing shareholders to new investors

Toyota, Maruti launch hybrid push in UP to capitalise on tax waivers

The waivers have split India's auto industry, with Tata Motors, Mahindra and Mahindra and Hyundai arguing their sales of pure electric cars will suffer

Cathay Pacific halts flights for A350 checks, other airlines await guidance

Rolls-Royce had not yet issued a directive to airlines regarding possible inspections, according to an industry source who was not authorised to speak publicly about the matter

US lender Glas Trust not part of insolvency panel of Byju's: Report

Byju's was once a darling of global investors and valued at $22 billion in 2022, but is now facing insolvency due to its dispute with US lenders

No link between mobile phones, brain cancer, finds WHO-backed study

The final analysis included 63 studies from 1994-2022, assessed by 11 investigators from 10 countries, including the Australian government's radiation protection authority

Need to remove basmati rice floor price to boost shipments, say exporters

India and Pakistan, the only growers of basmati, both try to promote the premium grade of rice in a manner similar to French Champagne or Darjeeling tea

Sebi working on simplified rules for foreigners investing in govt bonds

Foreign investment in Indian government bonds has risen sharply since September 2023, when J.P. Morgan announced the inclusion of India in its debt indexes

Nokia signs deal with AT&T after losing network contract to Ericsson

Nokia said the fibre deal with AT&T is "Build America, Buy America-compliant", to meet the requirements of U.S. government funding

Apple to completely switch to OLED for iPhone display from 2025: Report

The planned move will exclude Japan's Sharp Corp and Japan Display from Apple's handset business, Nikkei said

BPCL and ONGC to jointly explore setting up a new refinery: Report

BPCL plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand

Pope Francis arrives in Indonesia, kicks off ambitious Asia-Pacific tour

Pope Francis is expected to continue voicing appeals to confront the dangers of a warming globe

China: Anti-dumping probe into canola imports as Canada imposes EV tariff

Canada has followed the lead of the United States and European Union, and announced last week a 100 per cent tariff

Bajaj Housing Finance targets nearly $7 bn valuation through $782 mn IPO

As of Aug. 28, about 200 companies have raised $7.11 billion through IPOs this year, more than double in the same period last year, according to LSEG data

Travel industry to contribute record $11 trillion to global GDP in 2024

Travel spending in the US, Chinese and German economies is expected to contribute the most to GDP

'Go for gold' as China weighs on other commodities, says Goldman Sachs

The Wall Street lender adjusted its gold target of $2,700 to early 2025, versus previous forecast of end-2024, citing a price-sensitive China market

Volvo to launch long-range variant of FH Electric truck with 600-km range

The new model, expected to hit the market in the second half of 2025, caters to customers requiring longer hauls by maximizing battery space while improving the truck's software

Conflict, creditors, car crash: How Ukraine clinched debt restructuring

Facing an economy crippled by the cost and destruction of the war, by August 2022 Ukraine agreed with creditors to pause payments on its bonds

Tesla's China sales records best month in Aug, marks 37% jump from July

While an encouraging improvement, its performance lags major Chinese rivals by a wide margin