Updated

Nearly 6% of contract workers lost jobs in March qtr in India IT sector – recruitment body

(This May 23 story has been corrected to say that 6% of contract workers, not 60,000, lost their jobs, in the headline and paragraph 1) By Manoj Kumar NEW DELHI (Reuters) – Nearly six percent of outsourced contract workers lost jobs in India’s information technology sector in the January-March period compared to the previous quarter …

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FMCG, realty stocks power Indian shares on May series expiry day

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares advanced on Thursday, led by fast moving consumer goods and realty stocks, while the ongoing U.S. debt talks weighed on sentiment and capped gains. The blue-chip Nifty 50 index closed 0.20% higher at 18,321.15, while the benchmark S&P BSE Sensex rose 0.16% to 61,872.62. Both the benchmarks fell …

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Western Australia to compensate Aboriginal group for historic mining damage

By Melanie Burton MELBOURNE (Reuters) – Western Australia state has agreed to compensate an Aboriginal group for historic acts including issuing mining leases on their traditional lands, setting a precedent that is set to allow Indigenous groups a greater say in future developments. The state has been strengthening its laws to protect Indigenous cultural heritage …

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Republicans, White House see progress in US debt ceiling talks

By David Morgan, Andrea Shalal and Moira Warburton WASHINGTON (Reuters) -Negotiators for Democratic President Joe Biden and top congressional Republican Kevin McCarthy held what both sides called productive talks on Wednesday to try to reach a deal to raise the United States’ $31.4 trillion debt ceiling and avoid a catastrophic default. After a four-hour White …

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Ron DeSantis joins White House race, tripped up by chaotic Twitter launch

By James Oliphant WASHINGTON (Reuters) -Florida Governor Ron DeSantis suffered a chaotic start to his 2024 presidential election race on Wednesday when glitches marred an online forum hosted by Twitter owner Elon Musk that was meant to showcase DeSantis’ fitness for the job. The Twitter broadcast of the hour-long interview , which had been intended …

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Factbox-2024 US presidential election: who is in, who is out and who is still thinking about it

By Ross Colvin (Reuters) – Florida Governor Ron DeSantis announced on Wednesday he is seeking the 2024 Republican presidential nomination, joining former President Donald Trump in a growing list of Republicans seeking to unseat Democratic President Joe Biden. Here is a list of declared candidates and other potential 2024 hopefuls in both the Democratic and …

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India’s Biocon Biologics says biosimilars put revenue on $1 billion trajectory

By Manoj Kumar NEW DELHI (Reuters) – India’s Biocon Biologics closed the year to end-March with revenue on a trajectory towards $1 billion, its CEO said on Wednesday, helped by strong sales in the U.S. and Europe from the biosimilars business it bought last year from Viatris Inc. Biocon Biologics, which acquired the biosimilars business …

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