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PNB Housing Finance names Ajai Kumar Shukla as MD, CEO; shares rise by 5%

The appointment comes as large home financiers face intensifying competition from banks in lending for premium homes, while affordable housing has emerged as a more attractive market

India gold discounts widen as prices hit record high, China demand muted

Indian dealers were offering a discount of up to $34 per ounce to official domestic prices this week, inclusive of 6 per cent import and 3 per cent sales levies

MTR-owner Orkla India eyes deals, bets on quick meals, delivery for growth

The Indian arm of Norwegian consumer goods group Orkla, which merged MTR and Eastern in 2023, expects to return to its historical double-digit revenue growth in fiscal 2026 and beyond

Asian stocks rise higher cautiously as tech sector rattled by Oracle

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 per cent, tracking mostly higher US markets on Thursday - the Dow and Russell 2000 indices hit new highs but the Nasdaq fell

Thailand and Cambodia hold border talks as Trump's mediation looms

Hundreds of Cambodian workers also gathered on the Thai side of the crossing in a bid to leave, but the official said it was unlikely to reopen on Thursday

Prudential sells 4.5% stake in ICICI Pru AMC for ₹4,900 cr ahead of IPO

The fund house is a joint venture between ICICI Bank, India's second-largest private lender, which holds 51 per cent, and Prudential, which owns the rest

Disney invests $1 bn in OpenAI, to license characters for Sora video tool

As part of the licensing deal, Sora and ChatGPT Images will start generating videos using licensed Disney characters such as Mickey Mouse, Cinderella and Mufasa, from early next year

RBI completes bond buys, takes FY26 total to a record high of ₹3.16 trn

The central bank bought 500 billion rupees ($5.53 billion) of bonds at higher-than-expected cutoff prices, lifting secondary-market yields

Mexico's steep tariff hike to hit $1 billion in Indian auto exports

The import duty on cars will rise to 50 per cent from 20 per cent, dealing a significant blow to India's largest vehicle exporters to Mexico including Volkswagen, Hyundai, Nissan and Maruti Suzuki

Peer-to-peer lending platform LenDenClub's parent plans IPO, says CEO

Peer-to-peer lending connects individual lenders directly with borrowers, bypassing banks and other financial institutions

Trump plans include major US investment in Russia, restoring oil to Europe

US companies would invest in Russian strategic sectors such as rare-earth extraction and oil drilling in the Arctic, while Russian energy flows to Western Europe and the world would be restored

More than 30 sanctioned ships in Venezuela at risk after US tanker seizure

The US action, as Trump ratchets up pressure on the government of Venezuelan President Nicolas Maduro, has put many vessel owners, operators and shipping agencies on alert

US nuclear bombers join Japan in show of force after China-Russia drills

The flight of two US B-52 bombers with three Japanese F-35s and three F-15s marked the first US show of military presence since China began its exercises in the region last week

Nvidia builds location-check tech to curb smuggling of restricted AI chips

The feature, which Nvidia has demonstrated privately in recent months but has not yet released, would be an optional software update that customers could install

PFRDA widens pension fund investment rules to boost returns and diversity

The changes were announced in a circular on Wednesday and are effective immediately

IndiGo trims Q3 capacity, revenue forecast after flight cancellations

The budget airline had scrapped at least 2,000 services last week because of poor pilot roster planning, leaving tens of thousands of passengers stranded

Musk's SpaceX to raise over $25 billion, plans IPO in 2026: Report

SpaceX has started discussions with banks about launching the offering around June or July, the person said, requesting anonymity to discuss confidential information

IMF urges China to cut exports, boost consumption with bold reforms

The IMF upgraded its China growth forecast for 2025 to 5%, from 4.8%, citing the production powerhouse's strong outbound shipments, also lifting its 2026 forecast to 4.5%, from 4.2%

IndusInd Bank chairman to step down in January amid organisational overhaul

The bank reported its largest-ever quarterly loss in the three months ended March 31, following a $230 million hit to its accounts, amid governance and accounting failures

How China Inc is expanding its footprint in Vietnam amid US tariffs

Hanoi's overtures to Beijing may reflect its long-standing policy of balancing foreign ties after pledges made to Washington in trade talks