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Sequoia-backed GoMechanic to lay off 70% of staff, launch audit

(Reuters) - India's GoMechanic, a car service and repair firm, will lay off 70% of its workforce and conduct a third-party audit of its business due to errors in its financial reporting, the company's

Treasury yields, dollar fall after U.S. data; yen flat in wake of BOJ

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. 10-year Treasury yields slipped to a four-month low and the U.S. dollar index declined on Wednesday as data showed U.S. retail sales fell more than

U.S. dollar tumbles after weak data; yen flat as BOJ impact fades

By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) - The dollar dropped across the board on Wednesday after a batch of weak data that suggested the world's largest economy is

Oil prices gain around 2% on China recovery hopes

By Rowena Edwards and Julia Payne LONDON (Reuters) - Oil prices rose on Wednesday to their highest since early December on optimism that the lifting of China's strict COVID-19 curbs will lead to a

Gold rises as dollar, yields slip on slower rate-hike prospects

By Seher Dareen (Reuters) - Gold prices rose on Wednesday as the dollar and bond yields weakened after data showing signs of cooling U.S. inflation cemented bets the Federal Reserve will slow its rate

Stocks buoyed by cheery data after BOJ damp squib

By Nell Mackenzie LONDON (Reuters) - World stocks rose and the Japanese yen slid on Wednesday after the Bank of Japan poured cold water on expectations it could move away from its ultra-loose stance,

Yen lower as BOJ sticks to ultra-easy policy, losses trimmed

By Samuel Indyk and Ankur Banerjee LONDON (Reuters) - The yen dropped against major currencies on Wednesday after the Bank of Japan maintained ultra-low interest rates, although it recovered some

Stocks bouyed by cheery data after BOJ damp squib

By Nell Mackenzie and Stella Qiu LONDON (Reuters) - World stocks rose and Japan's yen tumbled on Wednesday, after the Bank of Japan poured cold water on monetary tightening expectations and economic

Yen drops as BOJ sticks to ultra-easy policy, sterling hits 1-mth high

By Ankur Banerjee and Samuel Indyk SINGAPORE/LONDON (Reuters) - The yen dropped against major currencies on Wednesday after the Bank of Japan maintained ultra-low interest rates, disappointing some

India’s IndusInd Bank posts bigger-than-expected Q3 profit jump

BENGALURU (Reuters) - Indian private lender IndusInd Bank reported a bigger-than-expected jump in third-quarter profit on Wednesday, lifted by strong loan growth and a drop in provisions for bad loans

On Camera

The Bengal Files has made sure Kolkata dusts history books to find out real Gopal Mukherjee

Whether it is due to the alleged unofficial ban on The Bengal Files or allegations by Gopal Mukherjee’s family against Agnihotri, everyone in the state wants to know more about Mukherjee.

Punjab’s paddy farmers are staring at big losses. Why flood impact may spill out of India’s rice bowl

As devastated farmers begin to come to terms with the fallout, 4 lakh hectares of land under paddy cultivation across state is flooded. Punjab is among the biggest contributors to PDS.

Army chief weighs in on theaterisation, says it is inevitable and need of the hour

New Delhi: Army chief General Upendra Dwivedi has strongly backed the idea of theaterisation, saying it is inevitable and the need of the hour. Speaking...

Punjab is fast becoming the new Northeast. And there’s a message in it for Modi

In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?