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RBI's net income rises 27.5% to ₹2.69 trillion in FY25 on forex gains

The size of the RBI's balance sheet increased by 8.2 per cent to Rs 76.25 trillion

RBI to cut rates by 25 bps on June 6, then once more in August: Poll

Rates could drop more than what economists are currently expecting if a trade deal with the US fails to materialise

Samsung India executives seek to quash $81 million penalty over tax evasion

The Indian tax authority in January found Samsung and its executives evaded tariffs by misclassifying imports of key mobile tower equipment from 2018 to 2021

Healthcare site Practo aims to double international revenue in 3 years: CEO

The company, which achieved profitability in the March 2024 quarter, was valued at $418 million as of April 2022, according to data from market intelligence platform Tracxn

'Adani Ports planning return to local debt market after 17 months hiatus'

The company is set to raise as much as Rs 5,000 crore ($583.57 million) through the sale of bonds maturing in 15 years

US-based Guidewire Software planning to double India headcount in 3 yrs

The planned expansion will see India representing nearly a quarter of the company's global workforce

Asian shares extend rally as strong US data, tech hopes lift sentiment

Markets welcomed what appeared to be easing trade frictions between the US and Europe while global bond markets settled down after a scary surge in long-term yields

Oil prices inch up as US bans Chevron from exporting Venezuelan crude

The Trump administration has issued a new authorisation for US major Chevron that would allow it to keep assets in Venezuela but not to export oil or expand its activities

EU countries agree to exempt most firms from carbon border tariff

Their approval makes it highly likely that the EU will exempt most of the 200,000 importers who were initially set to face the world's first carbon border tariff, due to take effect next year

Ukraine revamps minerals sector, eyes billions in investment from US deal

Ecology Minister Svitlana Hrynchuk told Reuters in an interview that Ukraine hoped the fund would significantly increase the mineral industry's potential, noting extraction was a capital-intensive

Nifty pulls back after breaching 25K barrier; Sensex ends 625 points lower

The Nifty 50 ended 0.7 per cent, or 175 points, lower at 24,826, while the Sensex fell 0.76 per cent, or 625 points, to close at 81,551.63

Salesforce to buy Informatica for $8 billion to bolster AI data tools

The cloud-software giant is returning to big-ticket M&A after years on the sidelines, driven by scrutiny from activist investors pressing for better profitability

Steel ministry backs extension of import curbs on metallurgical coke

India, the world's second-largest crude steel producer, imposed quantitative restrictions in December on imports of low-ash met coke

India to restore tax refund benefits for exporters from June to boost trade

The benefits under the Remission of Duties and Taxes on Exported Products were introduced on January 1, 2021, but ended on February 5 this year

Toyota to shift some GR Corolla production to UK, eyes faster US deliveries

By shifting some production from Japan, Toyota aims to use excess capacity in Britain to help it cut delivery wait times for the car

Nifty reclaims 25k, Sensex ends above 82k on RBI dividend, monsoon

Markets gained for a second day as early monsoon, easing trade tensions and the RBI's record ₹2.69 trillion dividend supported bullish sentiment

IndiGo co-founder to sell part of stake in deal worth $800 mn: Report

The airline did not immediately respond to a request for comment. IndiGo was founded in 2006 by Gangwal and Rahul Bhatia

Trump mulls taking $3 bn from Harvard grants, giving it to trade schools

Harvard did not immediately respond to a request for comment early Monday. The White House did not immediately comment on what specific funds Trump wants to repurpose

India seeks to shield small dairy farmers in free trade talks with US

The United States, whose dairy exports reached $8.22 billion last year, is pushing for greater access to India's dairy market, which remains shielded by high import duties and non-tariff barriers

Volvo Cars to cut 3,000 jobs amid EV slump, high costs and tariff woes

In the first quarter, the auto maker had 43,500 full-time employees and 3,000 staffing agency personnel, according to its earnings report