Page 158 - Reuters%20

GAIL revives plan to buy US LNG as Trump ends ban on export permits

GAIL had to stall its 2023 process to buy a stake of up to 26 per cent in an LNG plant in US after then-President Biden paused approvals for pending and future applications to export LNG

Nokia picks Intel's AI and data center leader Justin Hotard as new CEO

Hotard, who will take up the position on April 1, is currently the executive vice president and general manager of Data Center & AI Group at Intel

France in advanced talks to buy India's 'Pinaka' rocket launcher system

India is the world's biggest arms importer, but has been trying to boost local production to meet its defence requirements and has been steadily raising its defence exports

Patanjali Foods Q3 results: Profit jumps 71% on cooking oil boost

Revenue from Patanjali's edible oils segment, which makes up nearly three-fourths of its total revenue, rose 22.5% during the quarter

Sugar mills close early, pushing up local prices amid production halts

Many Maharashtra mills are struggling to get enough sugarcane, operating at half their capacity, and will likely close for the season by the end of this month

India has 'enormously high' tariffs, says Trump's top economic adviser

Trump plans announce new 25 per cent tariffs on all steel and aluminum imports into the US on Monday, on top of existing metals duties, and reciprocal tariffs on Tuesday or Wednesday

Japan's Softbank Group likely to make $1.5 billion quarterly profit

The profit of 234 billion yen is based on the average of four analyst estimates compiled by LSEG, and compares with a gain of 950 billion yen in the same period last year

McDonald's sees biggest drop in US sales in Q4 in nearly five years

It fell 1.4 per cent in the US, McDonald's biggest market, its steepest drop since the COVID-19 pandemic almost five years ago when restaurants limited operations to drive-thru and delivery

US funding freeze hampers investigations into Russian war crimes in Ukraine

Two of the listed projects were funded by USAID, three by the Bureau of International Narcotics and Law Enforcement and one directly by the Department of State, the document showed

India's aluminium exports to US may fall due to Trump's tariff hikes

Unlike aluminium companies, India's steel producers are not expected to face significant setbacks as their supplies to the US are smaller

India inflation likely fell to 4.6% in Jan as food price moderated: Report

A sharp decline in inflation will also be welcomed by the Reserve Bank of India, which cut the repo rate by 25 basis points to 6.25 per cent late last week

Hyatt Hotels to acquire Playa Hotels & Resorts for about $2.6 billion

Playa operates resorts in Mexico, the Dominican Republic and Jamaica

Oil prices rise despite concerns over US tariffs, trade war risks

Trump said on Sunday that the US is making progress with Russia to end the Ukraine war, but he declined to provide details about any communications with Russian President Vladimir Putin

Govt bond yields edge higher as investors grapple with policy setback

The central bank cut the policy repo rate by 25 basis points on Friday, its first reduction in nearly five years, but did not announce any measures to boost banking system liquidity

Boeing signals more orders needed before setting up assembly line in India

The country's civil aviation minister told Reuters in 2023 that the time had come for Boeing and Airbus to make civil aircraft in India

GenAI to boost India's IT industry's productivity by up to 45%: EY India

Top IT companies such as Tata Consultancy Services and Infosys have highlighted the use of AI by clients to do new projects and EY India said 89 per cent of them have started trialling GenAI projects

Varun Beverages Q4 results: Net profit rises over 40% to Rs 185 crore

Revenue from operations rose 39.8 per cent to nearly Rs 3,818 crore, while expenses jumped 41.3 per cent due to an increase in the costs of raw materials

Chinese President Xi Jinping to attend Moscow's Victory Day on May 9

The Kremlin said in December that it had invited "many countries" to attend the 80th anniversary of the end of the war, which Russians call the Great Patriotic War

Know all about Donald Trump's tariffs and threatened trade actions

Trump said he would impose reciprocal tariffs, seemingly targeting countries that have levies on US goods

Paris AI summit draws world leaders, CEOs eager for technology wave

Eagerness to rein in AI has waned since previous AI summits in Britain and South Korea that focused world powers' attention on technology's risks