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Polycab India's Q1 profit soars 82% on higher demand of wires, cables

The company's shares rose as much as 3.6% to hit a record high of 4,055 rupees after the results

World Bank chief unveils plans to boost lending to tackle climate change

The new steps, still being discussed with shareholder countries, come on top of initial steps approved in April that will boost World Bank lending by up to $50 billion over the next decade

Eli Lilly's drug donanemab seen as a turning point in dementia fight

Drug slows Alzheimer's by 60% for mildly impaired patients in trial

ICE buyout target Black Knight sells second unit to ease antitrust path

Constellation had also agreed to buy Black Knight's Empower loan origination system business in March, a deal that analysts said may not be enough to quell concerns over ICE's $11.7 billion proposal

Russia halts grain deal as bridge to Crimea struck, claims Ukraine strike

The grain deal was hailed as preventing a global food emergency when it was brokered by the United Nations and Turkey last year, halting a de facto blockade of Ukrainian ports by Russia

Fight against inflation far from over as food price spikes: RBI bulletin

Surging food prices accelerated India's annual retail inflation rate to 4.81% in June, snapping four months of easing and erasing any chance of a rate cut this year

RBI buys $7.37 billion in spot foreign exchange market in May: Bulletin

The Indian rupee depreciated by over 1% against the dollar in May

Fisker to sell 100 limited edition electric SUVs in Indian market by Q4

The company had said in September it would begin selling its Ocean electric SUVs in India by July 2023, with local production beginning in a few years

India's gasoline demand likely to recover from late August: HPCL official

The local sale of diesel by private refiners is also denting sales by state-run companies, the official said

Debt restructuring talks at G20 meet hurt by differences, low attendance

The two-day meetings that kicked off on Monday were seen as key to setting the tone for the G20 leaders' summit in September in New Delhi

Tata Elxsi Q1 Results: Profit up 2% YoY to Rs 189 cr, revenue jumps 17%

Large Indian IT services companies have flagged discretionary spending cuts by clients and an uncertain demand environment

Global temperatures near record highs as US, China meet on climate change

Wildfires in Europe raged ahead of a second heat wave in two weeks that was set to send temperatures as high as 48C

Coal India plans $1.5 bn industrial water transport corridor in east

Coal India, Paradip Port, the Inland Waterways Authority, the Ministry of Mines, and the Ministry of Ports, Shipping and Waterways did not immediately respond to requests for comment

Zee Entertainment forms interim committee to run operations; shares up 6.3%

SAT directed SEBI to pass a final order by the middle of next month and asked Chandra and Goenka to defend themselves before the regulator

Indian Oil signs long term LNG import deals with ADNOC LNG, TotalEnergies

TotalEnergies would supply 0.8 million tpy LNG to IOC under the 10 year deal, it said. TotalEnergies would supply LNG to IOC from its global portfolio

Indian traders scoop up cheaper Chinese steel, says industry execs

Indian traders are buying the grades used in automobiles and construction, main drivers of domestic steel demand, the officials and analysts said

G20 FSB releases global guidelines for crypto firms to safeguard investors

"As recent events have illustrated, if linkages to traditional finance were to grow further, spillovers from cryptoasset markets into the broader financial system could increase," the FSB said

Oil, petrol sales of state retailers decline in July amid heavy rains

Demand from the agriculture sector also gets affected in this period due to fewer irrigation-related requirements

Credit Suisse inquiry will keep files secret for 50 years, says report

Possible punishments for breaching that confidentiality ranged from being barred from speaking at the committee to being barred for six months to three years in prison and fines

China's Xiaomi bets bigger on India retail stores amid Samsung rivalry

But while 44% of India's smartphones sales are now online, the brick-and-mortar segment remains the bigger play and Xiaomi expects it to grow further