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Nissan to invest up to 600 mn euro in Renault EV unit as part of new pact

The investment in Ampere is consistent with Nissan being a strategic investor and securing a board seat on the new company, Nissan said

Tomato price shock hits Indian restaurants, cheaper puree sales boom

Tomato prices on Wednesday in New Delhi were 199 rupees/kg, from around 30 rupees in April. Puree prices have so far not changed

Cambodia's Hun Sen to step down as PM, Hun Manet to take over as leader

The newly elected parliament would convene on Aug 21 and a new cabinet would be sworn in on Aug 22, Hun Sen said

Global rice market set for government deals as India's ban curbs supplies

Buyers from Africa to Asia are likely to scramble for rice shipments as supplies tighten in coming months following India's decision last week to ban non-basmati white rice exports

Rupee may struggle on uptick in US yields before Federal Reserve decision

Non-deliverable forwards indicate the rupee will open marginally lower to the U.S. dollar, compared with 81.87 on Tuesday

Elon Musk's decision to rebrand Twitter as X could be complicated legally

X is so widely used and cited in trademarks that it is a candidate for legal challenges - and the company formerly known as Twitter could face its own issues defending its X brand in the future

Pratt & Whitney engines on hundreds of Airbus A320neo jets recalled

Pratt & Whitney parent shares tumble

India's rice restrictions could fuel food price inflation: IMF economist

India's move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, IMF chief economist Pierre-Olivier Gourinchas said on Tuesday

Tata Steel expects lower steel prices in July-September quarter: CEO

The company, backed by India's Tata Group, sees Indian steel industry prices in line with prices globally and not impacted by aggressive imports, Narendran said

India pharma exports surging despite cough syrup deaths: Trade body

Two other cough syrups made in India killed 19 children in Uzbekistan around December, according to the Uzbekistan government

Delta Corp posts 19% higher profit on sustained casino gaming demand

Revenue from its mainstay casino gaming division rose about 11%, helping net sales climb nearly 9% to 2.73 billion rupees

India's Cyient posts Q1 profit jump but misses estimates as costs rise

Cyient Ltd reported a 45% rise in quarterly profit that just missed analysts' estimates as rising expenses at the engineering and IT services company offset strong order pipeline

India suspends another drugmaker's licence over tainted cough syrup

India has suspended a drugmaker's manufacturing licence after the World Health Organization flagged contamination in its cough syrups found in the Mashall Islands and Micronesia in April

CEAT logs near 16-fold jump in profit in Q1 on higher demand, fall in costs

Indian tyremaker CEAT posted a near 16-fold jump in profit boosted by strong demand and drop in raw material costs

Tata Motors to cancel 'A' ordinary shares in latest securities rejig

The company will issue seven ordinary shares for every 10 'A' ordinary shares, implying a 23% premium on the previous day's closing level of 'A' ordinary shares, Tata Motors said

Rupee snaps 3-day winning run on RBI intervention, importer hedging

The one-year dollar-rupee implied yield rose four bps to 1.73%, amid the RBI's possible intervention in the forwards market

Shoppers Stop shares drop 5% as profit tumbles 34% on investments

Total expenses rose 5.8% for Shoppers Stop, which sells products ranging from Vero Moda apparel to Michael Kors watches at its stores

Russia plans to lower oil export discount to $20/bbl, says finance minister

Russian President Vladimir Putin in February signed a law fixing the discount on Russia's dominant Urals blend of crude oil for tax calculations

RBI likely bought dollars in spot via PSBs, paid in far forwards: Traders

Two public sector banks were buying dollars, likely for the RBI, while a large private sector bank was on the bid on USD/INR for its importer clients, a currency trader said

Byju's 'regularly disregarded' former director's advice, says Prosus

Prosus, which this year slashed its valuation of Byju's to $5.1 billion from $22 billion last year, said the decision for its director to step down from Byju's board last month