Sri Lanka made its second consecutive interest rate cut as the country's inflation rate begins to stabilize after a severe economic crisis, Reuters reported. The focus has now shifted toward revitalising economic growth following a bailout from the International Monetary Fund (IMF).

Chasing Growth: Sri Lanka unleashes second round of interest rate cuts

The Russian ruble experienced a significant decline following the failed mutiny attempt by Wagner mercenaries last month, causing the currency to breach a key threshold against the U.

Ruble Retreat: Failed rebellion sends Russian currency into tailspin

India continues to cement its position as a preferred choice for foreign investors. World Investment Report released by United Nations Conference on Trade and Development (UNCTAD) has revealed that India attracted the third-highest foreign direct investment (FDI) in greenfield -- new -- projects in 2022.

India emerges as FDI powerhouse, secures third highest foreign investment in 2022

Samsung Electronics, the world's largest manufacturer of memory chips, smartphones, and TVs, is projected to experience a substantial decline in its June-quarter profit, Reuters reported.

Samsung's Q2 profits take a 96% dive: Chip glut deals a heavy blow

India has discussed supplying over 11 metric tons of green hydrogen every year to Singapore and the European Union, a Reuters report said, citing sources. In turn, the two countries are expected to invest in the Indian green projects, the report added.

India in talks with Singapore, EU over supply of green hydrogen: report

In a significant development in the long-standing legal battle between technology giant Apple Inc. and Optis Cellular Technology LLC, the London Court of Appeal dismissed Apple's appeal on Tuesday and upheld the previous ruling that the company infringed on two telecommunications patents, Reuters reported.

iFail: Apple's appeal crushed, court confirms patent infringement

Australia’s central bank on Tuesday decided to keep the current interest rate unchanged as it assessed the impact of past rate hikes; however, it cautioned that further tightening might be necessary in order to manage inflation effectively.

Australia's central bank holds interest rate amid inflation concerns

Shares of major K-Pop management agencies experienced a decline on Wednesday following reports that South Korea's antitrust watchdog, the Korea Fair Trade Commission (KFTC), had initiated investigations into potential infractions of subcontracting rules related to the production of albums and merchandise, Reuters reported.

Market drops a beat as K-Pop agencies face antitrust heat

HDFC Bank, one of India's leading financial institutions, announced on Wednesday that its merged loan book with Housing Development Finance Corporation (HDFC) reached approximately 22.

HDFC Bank's Mega Merger: Creating a financial powerhouse worth $273.77 billion

In a significant blow to Meta Platforms, Europe's top court, the Court of Justice of the European Union (CJEU), has upheld a German data curb order that strikes at the core of Meta's business model, Reuters reported.

Privacy Prevails: European court upholds German order against Meta's data collection

Australia’s fourth largest pension fund UniSuper on Monday decided to cut its ties with the Australian arm of PwC in the aftermath of the accounting firm leaking critical government tax plans, which first surfaced in January.

Australia's fourth largest pension fund suspends ties with PwC after scandal

The colossal merger of Housing Development Finance Corporation (HDFC) and HDFC Bank in India has left financial advisers with little to celebrate. The $64 billion merger between HDFC and HDFC Bank has created one of the most valuable banks worldwide.

The great $64 billion HDFC merger leaves financial advisers with little to celebrate

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Zee News Rajasthan

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Aprameya Rao

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