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Fearing China rivals, Stellantis and Renault lobby EU for fewer rules

Over the last two months, Stellantis Chairman John Elkann and Renault CEO Luca de Meo have engaged in a rare public campaign to get the European Union to consider the matter

Global trading giants rush into India's booming derivatives market

The firms' hiring plans, being reported for the first time, come amid expectations that large domestic consumer and investor bases

HPCL to invest $231 million to build 24 compressed biogas plants in India

Since April, India has mandated mixing gas used to run automobiles and cooking gas with 1 per cent of CBG

HAL wins bid to privatise India's small satellite launch rockets

Fighter jet maker HAL had applied independently, Indian Space Research Organisation said in a statement on Friday

India's response to obesity drug Mounjaro 'positive', says Eli Lilly

Mounjaro has sold more than 81,570 units in India, totalling about ₹23.94 crore ($2.76 million) as of May, with the drug logging a 60 per cent rise in overall sales between April and May

Russia increases seaborne fuel oil exports to India, Turkey in May

Oil prices fell to four-year lows as an Opec+ decision to expedite its output hikes stoked fears about rising global supply at a time when the demand outlook is uncertain

Global trading giants expand in India, driving talent rush, upgrades

The influx of global trading firms has opened up opportunities for India's two main exchanges, which are both upgrading their tech infrastructure

World Bank urges 'radical' debt transparency to prevent future crises

World Bank wants to broaden the depth and detail of what sovereign countries disclose regarding new loans, as more of them enter complex, off-budget borrowing deals due to global market turmoil

Trump to decide on US action in Israel-Iran conflict within two weeks

Donald Trump was briefed on Israel's operation in Iran, said White House

Reserve Bank of India eases provisioning rules for infrastructure loans

The Reserve Bank of India proposed in May last year that lenders should set aside 5% of the loan value for an infrastructure project being built to cover risks

None of our systems compromised in M&S hack, other clients safe: TCS

This is the first time India's No 1 IT services company has publicly commented on the cyber hack. M&S did not immediately respond to a request for comment

Bank of England holds interest rates amid inflation and global risks

The FTSE 100 barely reacted, trading 0.2 per cent lower on the day, roughly where it had been prior to the BoE decision, while two-year gilt yields fell to session lows at 3.886 per cent

Apple mulls using artificial intelligence to design semiconductors: Report

The two biggest players in that industry - Cadence Design Systems and Synopsys - have been racing to add artificial intelligence to their offerings

US moves military assets, limits access to its largest base in Middle East

The moves come as President Donald Trump kept the world guessing whether the United States would join Israel's bombardment of Iran's nuclear and missile sites

Asian stocks slip, gold gains with yen as Middle East conflict rages

President Donald Trump kept the world guessing about whether the United States will join Israel's bombardment of Iranian nuclear sites, telling reporters outside the White House on Thursday

Larsen & Toubro mulls another ESG bond issue after debut attracts premium

In the debut bond sale under India's newly-introduced ESG debt securities framework, L&T on Wednesday raised ₹500 crore ($58 million) through three-year notes at a coupon of 6.35 per cent

Clean industry projects worth $89 bn stall amid financing woes: Report

India has 41 clean industry projects spanning green ammonia, hydrogen production and sustainable aviation fuels, yet faces challenges in converting announcements into operational facilities

China talks up digital yuan in push for multi-polar currency system

China will establish an international operation centre for e-CNY in Shanghai, People's Bank of China Governor Pan Gongsheng said

Nippon steel acquires US steel for $14.9 bn with Trump-backed deal

Under the deal terms, Nippon bought 100% of US Steel shares at $55 per share, as it first laid out in its December 2023 offer for the well-known but struggling steelmaker

Nestle to name ex-Zara chief Pablo Isla as next chairman in April 2026

Bulcke, a 70-year-old Belgian and Swiss national who has been chairman of the board since April 2017, joined Nestle in 1979 and served as the company's CEO from 2008 to 2016