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Sebi threatens two offshore funds holding Adani Group shares with penalties

Indian regulations require that at least 25% of the shares of listed companies be held by public shareholders

Treasury yields rise; stocks, dollar fall amid tax bill, US downgrade focus

The US dollar weakened broadly, hitting a more than one-week low against the safe-haven yen, Swiss franc and euro. Against the Japanese yen, the dollar was down 0.38 per cent at 145.06

Nippon Steel plans to invest $14 billion in US Steel's operations

The super-charged investment pledge, up from an initial $1.4 billion, was pitched as part of a last ditch effort to win approval of the merger

India to tighten rules on firms with indirect foreign ownership: Report

The discussions are close to being finalised, the sources, both government officials said. They declined to be identified as the discussion was not public

Qatar Airways profit jumps 28% to $2.1 bn, expects strong demand ahead

Demand from the Gulf has defied a global slowdown, with regional airlines reporting steady bookings even as trade tensions, currency swings and recession fears weigh on key Western markets

South Korea's Kim Moon-soo open to discussing US troop cost amid tariff row

Some 28,500 American troops are stationed in South Korea as part of efforts to deter nuclear-armed North Korea

China's April factory output, retail sales growth slow amid trade war pause

Retail sales, a gauge of consumption, rose by 5.1 per cent in April, down from a 5.9 per cent increase in March and compared with forecasts for an expansion of 5.5 per cent

Nissan plans to close 2 car plants in Japan and overseas, including Mexico

Overseas, Nissan is considering ending production at plants in South Africa, India and Argentina, and cutting the number of factories in Mexico

Microsoft wants AI 'agents' to collaborate together and remember things

Microsoft is holding its Build conference in Seattle on May 19, where analysts expect the company to unveil its latest tools for developers building AI systems

Asian shares dip as China data disappoints, drop in Wall Street futures

The tariff war has weighed heavily on consumer sentiment and analysts will be scouring earnings from Home Depot and Target this week for an update on spending trends

Trump to enforce tariffs if nations don't negotiate in good faith: Bessent

He did not say what would constitute "good faith" negotiations or clarify the timing to announce any decisions to return a country to the various rates Trump initially imposed on April 2

China announces anti-dumping duties on US, EU, Japan and Taiwan

The commerce ministry's findings conclude a probe launched in May 2024, shortly after the U.S. sharply increased tariffs on Chinese electric vehicles, computer chips and other imports

US Treasury chief dismisses Moody's downgrade amid Trump tax cut debate

"I don't put much credence in the Moody's" downgrade, Bessent told CNN's "State of the Union" program

Vodafone Idea seeks Supreme Court help after govt rejects request on dues

The government on April 29 rejected the request by Vodafone Idea CEO Akshaya Moondra for a waiver on interest and penalties it owes on $9.76 billion in dues

Colorbar Cosmetics plans IPO in early 2027 after doubling revenue this year

Brands catering to wealthier Indians have weathered a high cost-of-living-led slowdown in consumer spending, as the affluent continue to splurge on comforts and luxuries

Moody's US downgrade deepens investor fears over rising fiscal risks

The ratings agency cut America's pristine sovereign credit rating by one notch on Friday, the last of the major ratings agencies to downgrade the country

US FDA approves Novavax Covid vaccine with added conditions for use

According to the approval letter, the license restricts the use of the vaccine called Nuvaxovid to individuals aged 65 and older, and those between 12 and 64

Microsoft offers cheaper Office without teams to address EU concerns

The European Commission said it would seek feedback from rivals and customers before deciding whether to accept the offer. Reuters was the first to report the proposal earlier this week

Brazil confirms first bird flu case on farm, raising global supply fears

The disease has spread around the globe in the past years, leading to hundreds of millions of poultry being culled. It has also been reported in dairy cows, cats, and humans

Wall Street steady, heads for weekly gains on trade hopes, tech boost

Data from earlier in the week showed US retail sales growth losing steam in April, while consumer prices staged a moderate rebound