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Hero MotoCorp's relationship with a vendor suspected of reporting about 900 million rupees ($10.87 million) in false expenditure, two sources familiar with the matter told Reuters. Based on the alleged fake spending by vendor Salt Experiences, Hero MotoCorp received a tax credit, leading to suspected tax evasion of about 160 million rupees, one of the two sources said, speaking on condition of anonymity.

RBI) rate-setting panel which commenced its three-day bi-montly meeting on August 8, amid rising food prices. At the end of this meeting on Thursday, tomorrow, the Monetary Policy Committee (MPC) will present its decision on key policy rate hike, inflation forecast and GDP outlook. However, the focus will be on how India’s central bank is planning to cope with the rising inflation print.

Nifty ended higher on Wednesday, thanks to late-session buying activity just a day before the monetary policy outcome. The three-day meeting of the six members of the monetary policy committee (MPC) of the Reserve Bank of India (RBI) is underway and it will conclude on Thursday (August 10). Experts believe the RBI will maintain a status quo on rates and stance and the domestic market may not see any significant reaction to the RBI MPC outcome since the market has factored in this status quo.

Investing.com — U.S. stock futures inch up Wednesday, as investors digest a Moody's downgrade of several midsized banks that hit shares on Wall Street in the previous session. Elsewhere, Disney gears up to unveil its latest results as its ESPN division signs a partnership with gambler Penn Entertainment. Meanwhile, inflation in China contracts in July, further exacerbating concerns over the country's post-COVID recovery.

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technology companies Microsoft and IBM. Their collaboration aimed to champion the ethical advancement of AI and advocate for the oversight of invasive technologies like facial recognition.

By Joanna Plucinska, Rajesh Kumar Singh, Doyinsola Oladipo and Priyamvada C

White House on Wednesday will detail its plans to prohibit some USA investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. The plans are aimed at preventing USA capital and expertise from helping develop technologies that could support China's military modernization and threaten USA national security. Reuters reported on Friday that President Joe Biden was expected to issue a long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The senior government source said that the order is expected Wednesday. The White House declined to comment on Tuesday. Biden administration officials have stressed for months any restrictions on USA investment in China will be narrowly targeted.

start-ups, as informed by three sources who spoke to Reuters. Disney presently has 11 open job positions that call for individuals well-versed in artificial intelligence or machine learning.

real estate as a concern, Reuters reported. The banking stocks downgraded by Moody's declined between 1.7% and 2.1%.

Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group Corp's Arm Ltd ahead of its initial public offering (IPO), people familiar with the matter said on Tuesday. Amazon's potential involvement in the IPO, which has not previously been reported, underscores Arm's significance in cloud computing. Amazon Web Services, the internet giant's cloud business, makes its own processing chip called Graviton, using Arm's design.

India's retail inflation likely accelerated to 6.40% in July on surging food prices, breaching the upper end of the Reserve Bank of India's 2%-6% tolerance band for the first time in five months, a Reuters poll of economists found. Food prices, which account for nearly half of the inflation basket, have soared in the last two months largely due to an erratic monsoon throughout the country, pushing tomato prices at wholesale markets up more than 1,400% in the past three months. That will hit the vast majority of India's population who make up the poor and middle classes.

BEIJING (Reuters) -China's consumer prices fell into deflation in July, while factory gate prices extended their declines, as the world's second-largest economy struggled to revive demand and pressure mounted for authorities to release more direct stimulus.

BEIJING — China reported inflation data for July that pointed to a modest improvement from June.

Iraq's official media regulator has directed all media and social media companies operating not to use the term “homosexuality". The Arab stated told to replace the word ‘homosexuality’ with ‘sexual deviance’, Reuters' report mentioned. The Iraqi Communications and Media Commission (CMC) said that the use of the term "gender" was also banned.

Australia will meet France in the quarter-finals of the Women’s World Cup after Les Bleues cruised past Morocco 4-0 at Hindmarsh Stadium in Adelaide.

(Reuters) -Australia's InvoCare Ltd said on Wednesday it has agreed to a lower takeover offer from U.S. private-equity firm TPG Global, valuing the funeral service provider at A$1.8 billion ($1.18 billion) following exclusive due diligence.

Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group Corp's Arm Ltd ahead of its initial public offering (IPO), people familiar with the matter said on Tuesday. Amazon's potential involvement in the IPO, which has not previously been reported, underscores Arm's significance in cloud computing. Amazon Web Services, the internet giant's cloud business, makes its own processing chip called Graviton, using Arm's design.

By Niket Nishant and Chibuike Oguh

By Lananh Nguyen and Tatiana Bautzer

Reuters report, Imran’s lawyer, Naeem Panjutha, said the petition, challenging his conviction on charges of selling state gifts unlawfully during his 2018-2022 term as prime minister, had been filed in Islamabad High Court, which will hear the case on Wednesday. The petition described the conviction as “without lawful authority, tainted with bias", and said Khan, 70, had not received an adequate hearing, said the Reuters report.