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Foxconn to invest $600 mn in Karnataka for components, chipmaking machinery

The world's largest contract manufacturer will also invest $250 million in a second plant where it aims to produce chipmaking tools in partnership with Applied Materials

Chicago wheat falls after Russian attack on Ukraine port renews worries

The most-active wheat contract on the Chicago Board of Trade (CBOT) fell 15 cents at $6.37-1/4 a bushel by 10:15 a.m. (1615 GMT), its lowest since July 13 after earlier rising nearly 5%

Fitch downgrades US credit rating to AA+, Treasury calls it 'arbitrary'

Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations

Elon Musk's X challenges Delhi court ruling on content blocking orders

If X's appeal is rejected, the government "will be emboldened to issue more blocking orders" that violate law, said X's 96 page filing submitted by local law firm Poovayya & Co

Chinese carmaker BYD faces investigation for underpaying tax in India: Rpt

India's Directorate of Revenue Intelligence (DRI) has alleged that China's largest electric vehicle (EV) maker, underpaid tax of Rs 73 crore ($9 million)

Six executives quit Nykaa, CEO Falguni Nayar to spearhead marketing

"Leadership roles are being augmented with an eye on strategic realignment, cost rationalization and growing complexity of the business," Nykaa said in a statement

Goodyear India's Q1 profit rises as low rubber prices offsets weak demand

Rubber prices, a key raw material for the tyre industry, have fallen by about 20%-25% over the last year through May, according to HDFC Securities

Vodafone enters exclusive national roaming partnership with Germany's 1&1

Vodafone's new Chief Executive Margherita Della Valle is leading a turnaround of the group, and as part of that is seeking to improve performance in its largest market, Germany

India's July edible oil imports hit record at 1.76 mn metric tonnes

India's average monthly edible oil imports in 2021/22 marketing year were 1.17 mn tonnes, trade body SEA said. In June, India imported 1.3 million tonnes of edible oils

Rising costs eat away KFC operator Sapphire Foods India's Q1 profit

India is reeling under rising prices of essentials as rains have disrupted supplies, with companies including Domino's flagship inflation-buster Rs 49 pizza being re-engineered by cutting price

Elon Musk's X challenges India court ruling on content blocking orders

X, formerly known as Twitter, in July 2022 sought to overturn some government orders to remove content from its platform, without specifying which

Major global firms warn of slow China sales as post-pandemic surge fades

Caterpillar, global firms have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce

India finds 'violations' at cough syrup maker linked to Cameroon deaths

Authorities have stepped up scrutiny of drugmakers after some cough syrups made in India were linked to deaths of dozens of children overseas

Rupee expected to decline on poor risk appetite, weakness in Asian peers

Non-deliverable forwards indicate rupee will open at around 82.32-82.34 to U.S. dollar compared with 82.2550 in the previous session

Ambuja Cements to acquire majority stake in Sanghi Industries: Reports

Adani Group is India's second largest cement producer, behind UltraTech Cement. It owns Ambuja and its subsidiary ACC Ltd, which have a capacity to produce more than 65 million tonnes

BP logs 70% dip in second-quarter net profit, raises dividend by 10%

BP's net income, missed expectations of $3.5 billion

BlackRock, MSCI draw scrutiny from US congressional committee on China

Last month, China curbed exports of some metals widely used in the semiconductor industry, in a move it said was aimed at protecting national security

Bosch Ltd to increase manufacturing in India to pare component import

The technology supplier plans to increase the percentage of goods produced locally in India to bring down its imports of components

India should exclude premium rice variety from export ban: Trade body

India should allow exports of 1 million metric tons of a premium non-basmati rice variety favoured by overseas Indians, which are struggling to secure staple after New Delhi banned the exports

Tribhovandas Bhimji Zaveri reports five-fold jump in profit in June quarter

BENGALURU (Reuters) - Indian jeweller Tribhovandas Bhimji Zaveri reported a nearly five-fold jump in first-quarter profit on Tuesday