Today's Headlines from:
Economic Times
Edelweiss, Phoenix among ARCs vying for IOB's Rs 13,472-crore NPAs
China overtakes US to become India’s top trading partner in FY24
Piramal Group arm invests Rs 600 crore in microlender Annapurna Finance
DLF to launch 11 million sq ft with revenue potential of Rs 36,000 crore in FY25
Nayara Energy to set up two ethanol plants for ₹600 crore
UPL to file DRHP shortly for raising up to $500 million
Aditya Birla Capital Q4 Results: Net profit doubles to Rs 1,245 crore
EPFO extends auto claim settlement facility to education, marriage and housing advance
Exim posts 62% rise in profits, to raise over Rs 60,000 crore from local markets this year
India's retail inflation eases marginally to 11-month low of 4.83 per cent in April
Warburg Pincus brings home Shriram Housing Finance co with Rs 4,630 cr buyout
Business Standard
TCS announces creation of Global AI Center of Excellence in Paris
Karur Vysya Bank Q4 results: Net profit rises 35% to Rs 456 crore
Zomato Q4 result: PAT Rs 175cr; fourth consecutive quarter of profit
Murugappa Group to foray into e-SCV, plans to invest Rs 3,000 crore on EVs
Realty firm Shapoorji group seeks more time to clear bondholder payments
French BPM major Teleperformance to hire 15,000 people by end of 2025
Zomato seeks approval from shareholders for creation of new ESOP pool
Coromandel increases stake in drone company Dhaksha; to invest Rs 150 crore
Airtel to offer cloud and Gen-AI solutions with Google Cloud in India
Nearly 51 mn person years of employment created annually in last 10 years
India's import from FTA partner nations up 38% in FY24 against FY19
After long wait, India inks Chabahar port's 10-year deal with Iran
Domestically held gold reserve rise by 40% in 5 years, shows RBI data
Financial Express
Coal imports for blending by domestic power plants down 32% in FY24
Cairn Oil & Gas reserves & resources grows by 19% in FY24
Va Tech Wabag secures repeat order worth $49 million in Nepal
Phoenix to build hotels near Mumbai, Bengaluru
Amplus Solar aims at 2 GW RE capacity by December
Govt may consider lifting curbs on rice exports
India needs Rs 4.2 trillion investment for broadband push
Mint
IMF staff, Argentina agree loan review to help unlock $800 million
Vedanta looks to raise funds through issue of equity shares or FPO on May 16
Melinda French Gates Exits Foundation With $12.5 Billion
INOX India Q4 results: Net profit jumps 44% YoY to ₹44 crore; revenue up 17%
India’s government debt at safe levels: Nirmala Sitharaman
Govt to complete GIS mapping of entire highway network
Japan's SoftBank swings to quarterly profit, eyes on Arm unit.
Economic Times
Edelweiss, Phoenix among ARCs vying for IOB's Rs 13,472-crore NPAs China overtakes US to become India’s top trading partner in FY24 Piramal Group arm invests Rs 600 crore in microlender Annapurna Finance DLF to launch 11 million sq ft with revenue potential of Rs 36,000 crore in FY25 Nayara Energy to set up two ethanol plants for ₹600 crore UPL to file DRHP shortly for raising up to $500 million Aditya Birla Capital Q4 Results: Net profit doubles to Rs 1,245 crore EPFO extends auto claim settlement facility to education, marriage and housing advance Exim posts 62% rise in profits, to raise over Rs 60,000 crore from local markets this year India's retail inflation eases marginally to 11-month low of 4.83 per cent in April Warburg Pincus brings home Shriram Housing Finance co with Rs 4,630 cr buyoutBusiness Standard
TCS announces creation of Global AI Center of Excellence in Paris Karur Vysya Bank Q4 results: Net profit rises 35% to Rs 456 crore Zomato Q4 result: PAT Rs 175cr; fourth consecutive quarter of profit Murugappa Group to foray into e-SCV, plans to invest Rs 3,000 crore on EVs Realty firm Shapoorji group seeks more time to clear bondholder payments French BPM major Teleperformance to hire 15,000 people by end of 2025 Zomato seeks approval from shareholders for creation of new ESOP pool Coromandel increases stake in drone company Dhaksha; to invest Rs 150 crore Airtel to offer cloud and Gen-AI solutions with Google Cloud in India Nearly 51 mn person years of employment created annually in last 10 years India's import from FTA partner nations up 38% in FY24 against FY19 After long wait, India inks Chabahar port's 10-year deal with Iran Domestically held gold reserve rise by 40% in 5 years, shows RBI dataFinancial Express
Coal imports for blending by domestic power plants down 32% in FY24 Cairn Oil & Gas reserves & resources grows by 19% in FY24 Va Tech Wabag secures repeat order worth $49 million in Nepal Phoenix to build hotels near Mumbai, Bengaluru Amplus Solar aims at 2 GW RE capacity by December Govt may consider lifting curbs on rice exports India needs Rs 4.2 trillion investment for broadband pushMint
IMF staff, Argentina agree loan review to help unlock $800 million Vedanta looks to raise funds through issue of equity shares or FPO on May 16 Melinda French Gates Exits Foundation With $12.5 Billion INOX India Q4 results: Net profit jumps 44% YoY to ₹44 crore; revenue up 17% India’s government debt at safe levels: Nirmala Sitharaman Govt to complete GIS mapping of entire highway network Japan's SoftBank swings to quarterly profit, eyes on Arm unit.