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UK-India free trade deal poses risk for British millers Tilda and Veetee

British rice millers such as Tilda Ltd. and Veetee Rice have thrived for decades by importing low-tariff unmilled brown rice from the likes of India and Pakistan and "polishing" the grains

Torrent lines up at least $5 billion funding to buy 33% stake in Cipla

Torrent has secured commitments from a group of overseas banks for a potential deal, the people said, asking not to be identified as the information is not public

India pushes back against Russia's demands to pay for oil imports in yuan

Indian Oil Corp., the biggest state refiner, had made a yuan payment for Russian crude in the past, although the government has since clamped down on that

Adani Group closes in on $3.5 billion loan to refinance existing debt

The deal, which would be among the top 10 biggest loans in Asia this year, could be sealed this week, according to people familiar with the matter

IGL stock slips on Delhi's EV policy, Jefferies, Morgan Stanley downgrade

The slump in the gas distributor's stock rubbed off on peers Mahanagar Gas and Gujarat Gas, while EV-maker Olectra Greentech advanced

India will account for 18% of global growth by 2028, to play key role: IMF

India's faster growth compared with China's economic slowdown could see the South Asian nation make a bigger contribution to global growth than its larger rival

Is India misusing laws to crack down on NGOs, think tanks? FATF to probe

A team from the FATF is expected to visit India in November and meet representatives of non-profit organisations, including international ones, to get a first-hand understanding of the situation

London wins back its Europe's largest stock market crown from Paris

London had lost its status as Europe's biggest stock market last November, extending an equity slump that stretched back to Britain's vote to leave the European Union in 2016

Tata Group considers topping up another $1 billion for super-app arm

Deliberations are ongoing and details of Tata Group's capital injection into the venture could still change, the people said. A representative for Tata Group declined to comment

Netflix records its best quarter in nearly three years on subscriber jump

"We're incredibly pleased with how it's been going," co-Chief Executive Officer Greg Peters said in a videotaped interview released after results came out

Nokia to cut 14,000 jobs to lower costs amid weak demand in US, Europe

Nokia also posted weaker-than-expected earnings on Thursday in a separate statement

China's homes register steep decline in prices, major blow to sentiment

New-home prices in 70 cities, excluding state-subsidized housing, declined 0.3% last month from August, when they slipped 0.29%, National Bureau of Statistics figures showed Thursday

Wipro plans to join rivals in cutting new hiring as tech spending cools

Instead of the usual big recruiting push, Wipro said it would first take on people to whom it had already made offers but hadn't yet brought onboard

J&J weighs third bankruptcy try to settle baby powder cancer case

Attorneys for some plaintiffs opposed the idea of a return to bankruptcy court

Amazon, X will likely avoid paying bill for enforcing EU's content rules

The commission estimates it needs $47.7 mn to enforce Digital Services Act this year. Very large online platforms required to divvy up those costs based on the number of users they have

US commercial property distress hits $80 bn in Q3, highest level in decade

The value of buildings in bankruptcy, repossessed by lenders or in the process of liquidation increased by a net $5.6 billion in the quarter, MSCI Real Assets reported

Reliance Industries' luxury real estate bet gets HSBC financing boost

London-based bank originally provided £60 mn loan facility to subsidiary of Reliance Industries Ltd. shortly after it acquired the Stoke Park estate in southeast England for £57 million in 2021

P&G sales surpassed analysts' estimates as price hikes offset lower volume

Organic sales rose 7% in the quarter ended Sept. 30, the maker of Tide detergent and Pampers diapers said Wednesday. Analysts had projected growth of 5.8%, according to data compiled by Bloomberg

iPhone maker Hon Hai, Nvidia aim for AI factory to expand push into EVs

Hon Hai built its success as a behind-the-scenes producer of consumer electronics gear for companies from Apple and Amazon.com Inc. to HP Inc. and Sony Group Corp

OpenAI claims that tool to detect AI-generated images is 99% accurate

Murati spoke alongside OpenAI Chief Executive Officer Sam Altman, as both executives attended the Wall Street Journal's Tech Live conference in Laguna Beach, California