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UAE wealth fund plans $4-5 billion in investments via India's GIFT city

Trade between India and the UAE totalled $85 billion for the financial year ending March 2023, according to Indian government data

China's stock exchanges restrict share selling by some hedge funds

They appear to be now targeting the private fund sector, particularly hedge funds using quantitative trading strategies that typically involve short-selling

Tata-owned Trent Q3 profit jumps more than two-fold on festive demand

The Tata Group-owned company reported a consolidated net profit of Rs 371 crore (about $45 million) for the three months ended Dec. 31, from Rs 155 crore a year earlier

Hamas proposes three-stage ceasefire over 135 days, leading to end of war

According to a draft document seen by Reuters, the Hamas counterproposal envisions three phases lasting 45 days each

HDFC Bank accepts bids worth $750 mn for dollar bond issuances: Bankers

Barclays, Bank of America, JP Morgan, MUFG and Standard Chartered are the joint global coordinators and lead managers

From jail, Imran Khan asks supporters to wait by poll stations after vote

Any large-scale gathering of Khan's supporters near booths could raise tensions because of what they call a military-backed crackdown on him and his party that has restricted campaigning

India to be largest global oil demand growth driver through 2030: IEA

The agency forecast India's demand would reach 6.6 million bpd in 2030, up from 5.5 million bpd in 2023

Rupee to gain slightly this year amid continued RBI intervention: Report

The RBI is still widely expected to cut rates later this year, but at a much slower pace than the Fed, so relative rupee strength may linger

UBS resumes buybacks, seeks more cost savings from Credit Suisse takeover

Shares in the bank dropped as much as 4%, with analysts pointing to slightly lower-than-expected profitability targets as revenue at the lender falls before the cost savings are achieved

Spotify Q4 results: Revenue up 16% at $3.94 bn, user growth beats estimates

The Swedish music streaming company has ventured into podcasts and audiobooks as it seeks to grow its user base to 1 billion by 2030

EU Commission to withdraw plan to halve pesticide use after farmer protests

European farmers have protested in recent weeks against rising costs, taxes, cheap food imports and constraints due to the EU's drive to fight climate change

Novo invests in Manipal hospitals as it aims to expand Asia footprint

Novo Holdings' key markets in the region are India, South-East Asia and China, where it opened an office in Shanghai last year

WeWork founder Adam Neumann trying to buy back bankrupt company: Report

Neumann's new real estate company, Flow Global, has sought to buy WeWork or its assets, as well as provide bankruptcy financing to keep it afloat, the sources said

Donald Trump's sweeping immunity claim rejected by US appeals court

"We cannot accept that the office of the Presidency places its former occupants above the law for all time thereafter," the unanimous panel wrote

EID-Parry posts Q3 results: Sugar maker posts loss hurt by export curbs

The company reported a loss after tax of Rs 13.59 crore ($1.64 million) in the quarter ended Dec. 31, compared to a profit after tax of Rs15.78 crore a year ago

Britannia Q3 results: Profit falls 2% to Rs 761 cr on soft rural demand

The weak earnings come in face of intense price competition. The company has previously mentioned reducing certain product prices after competitors took advantage of declining raw material expenses

MakeMyTrip, PolicyBazaar warn RBI of fintech hit after Paytm crackdown

There are concerns about the broader impact on India's fin-tech sector which the government says raised $5.6 billion in 2022, as digital payments and the use of smartphones and the internet boomed

Nykaa Q3 results: Net profit doubles to Rs 16.19 cr on festive demand

The company's consolidated net profit rose 97% to 161.9 million rupees ($1.95 million) in the third quarter ended Dec. 31. It had posted a drop in net profit in three of its previous five quarters

Trident Ltd Q3 results: Profit down 25% to Rs 109 crore on rise in expenses

Shares of Trident - which supplies products to department stores such as Shoppers Stop, D-Mart and Walmart - closed 2.6% lower after the results

Eveready Industries Q3 results: Profit jumps 55% on lower expenses

Lithium prices, a key raw material for battery makers, were down in the quarter, helping offset beleaguered rural demand for batteries and flashlights