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Adani-owned Ambuja Cements to expand production capacity by 14 mn tonnes

The projects are expected to be commissioned in two years and will funded using internal accruals, it added

India's April palm oil imports slump 30% to 14-mth low as preference shifts

Sunoil imports in April surged 68% from a month ago to 249,122 00 tonnes, while soyoil imports edged up 1.4% to 262,455 tonnes

Pratt & Whitney faces higher risks after Go First filed for bankruptcy

"Go First's recent bankruptcy filing has radically changed the field of play in terms of Go First's need for relief and IAE's risk," its filing stated

Pakistan authorities gear for Imran Khan's supporters at his court hearing

His arrest earlier this week, which sparked deadly unrest in the nuclear-armed nation, was ruled "invalid and unlawful" by the Supreme Court on Thursday

Apple to open first online shop in Vietnam in push to emerging market

The opening on May 18 comes just weeks after the Cupertino, California-based company opened its first Apple stores in India - Mumbai and Delhi

Pratt & Whitney opposes Go Airlines' push to enforce arbitration against it

(Reuters) -Pratt & Whitney opposed India's Go Airlines' push to enforce an arbitration ruling against the US company for the supply of spare engines, a Delaware court filing showed

Risky jurisdiction: Aircraft lessors raise alarm over Go First crisis

India is a critical market for lessors, in which sale-and-leaseback deals accounted for 75% of plane deliveries from 2018 to 2022, compared with a global average of 35%

Pfizer pouring windfall profits from Covid-19 vaccine into cancer battle

The U.S. government will end the COVID Public Health Emergency on Thursday that allowed millions of Americans to receive vaccines, tests and treatments at no cost

Pak needs significantly more financing for successful bailout review: IMF

The United Arab Emirates, Saudi Arabia and China came to Pakistan's assistance in March and April with pledges that would cover some of the funding deficit

US weekly jobless claims hit 1-1/2-year high; producer inflation cooling

The government reported on Wednesday that the annual increase in consumer prices slowed to below 5% in April for the first time in two years

WHO declares end to viral disease 'mpox' public health emergency

Almost 90% fewer mpox cases were reported in the past three months, compared with cases in the same duration before that, the WHO chief said

Government's e-commerce network ONDC available in 236 cities: CEO

The government has said existing platforms are tightly controlled, keeping out many small players. It expects ONDC to increase competition and foster start-up innovation

Three Adani firms consider raising up to $5 bn after $2.5 bn share sale

The three companies said on Wednesday they were holding board meetings on Saturday to consider proposals to raise funds. They did not disclose how much they intended to raise

Siemens India arm's profit jumps 39% on strong order book

Siemens Ltd, the Indian arm of German engineering company Siemens AG, reported a near-39% rise in quarterly profit, helped by a boost in infrastructure spending in the country

'Risky jurisdiction': Aircraft lessors raise alarm over Go First crisis

SMBC, along with firms such as Jackson Square Aviation and Bank of China Aviation, raised the alarm after a tribunal gave Go Airlines (India) Ltd bankruptcy protection to allow it to revive itself

Sterling trims drop after BoE hike, China's data sends dollar higher

The BoE raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday as expected by a Reuters poll, taking borrowing costs to their highest since 2008

Bank of England raises interest rates to 4.5% as inflation slow to fall

The BoE forecast the economy would grow 0.25% this year - compared with its February prediction of a 0.5% contraction

Dr Lal PathLabs reports decline in profit for quarter ending March

Dr. Lal PathLabs Ltd on Thursday reported a sixth consecutive fall in quarterly profit as a continued slide in income from Covid-related testing outpaced growth in its core business

Asian Paints posts 45% rise in Q4 profit on strong demand, easing costs

Asian Paints dominates nearly half of the domestic paints sector, and the decorative paint segment accounts for about 80% of the company's revenue

Go First's bank loans to be classified as 'bad', but has strong collaterals

The Indian central bank's rules for handling substandard assets says banks have to provision for at least 15% of total outstanding loans on secured assets in the first 12 months