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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

Hyundai to invest $2.45 bn in Tamil Nadu for EV production over next 10 yrs

Hyundai, through its Indian subsidiary Hyundai Motor India, will also set up a battery pack assembly unit with an annual capacity of 178,000 units and install 100 EV charging stations across the state

Income Tax officials search Mankind Pharma's New Delhi office: Report

India's Income Tax Department is conducting searches at Mankind Pharma Ltd's office in New Delhi, a government source told Reuters on Thursday, days after the condom maker's successful public listing

India to allow duty free imports of sunflower, soyoil until June

Earlier this year, the world's biggest importer of vegetable oils scrapped a duty-free imports quota of 2 million tonnes of crude sunflower oil and soyoil for the this fiscal started on April 1

China's slow consumer inflation, deepening deflation to test policy

The consumer price index (CPI) in April rose 0.1% year-on-year, the lowest rate since February 2021, and cooling from the 0.7% annual gain seen in March, the National Bureau of Statistics (NBS) said

EU proposes tougher cybersecurity labelling for Amazon, Google, MS

While the new provisions underscore EU concerns of interference from non-EU states, they are likely to spark criticism from US tech giants worried about being shut out from the European market

US consumer inflation eases to 4.9% in April after advancing 5% YoY in Mar

The Consumer Price Index (CPI) rose 0.4% last month after gaining 0.1% in March, the Labor Department said on Wednesday

Adani Enterprises to hold board meeting to approve proposal to raise funds

Adani Enterprises Ltd said on Wednesday that the company's board will hold a meeting on May 13 to approve a proposal to raise funds

Consumption of consumer goods in rural India back on growth track in Q1

The consumption of consumer goods in rural India returned to growth after more than a year in the March quarter and is expected to grow for the rest of the year

JSW Infra files for $342 mn IPO to cut debt, fund capital expenditure

JSW Infrastructure has filed for an IPO worth up to 28 billion rupees ($342.4 million), it said in a draft prospectus on Wednesday

India sets deadline of 2035 to establish green hydrogen bunkering

By Nidhi Verma

Escorts Kubota posts drop in Q4 profit to $22.6 mn on higher expenses

Escorts Kubota reported a fall in its fourth-quarter profit on Wednesday, hurt by increased commodity prices, and unseasonal rains in March

GAIL to build $4.89-bn ethane cracker near LNG import plant in West India

The company plans to import ethane from the United States for the project, the source said

Govt expands scope of money laundering law to cover firm's representatives

The law now also includes individuals who provide the company with an office or correspondence address or act as a trustee, the notification said

Pratt & Whitney to oppose Go First's push to enforce arbitration against it

Go First approached the Delaware court after it won an arbitration order in Singapore against Pratt & Whitney, which it said failed to supply engines on time

Inflation likely to hit 18-month low in April as price rise moderates: Poll

Predictions ranged from 4.40% to 5.80%, with respondents expecting inflation to remain below the RBI's 6.00% upper tolerance limit for the second consecutive month

Govt to decide on Go First bankruptcy, lessors seeking planes fear impact

This is the first time an Indian airline has voluntarily sought bankruptcy protection to renegotiate its contracts and debts

Apollo Tyres beats Q4 profit view on lower rubber costs, strong demand

Apollo's revenue from operations rose 12% to Rs 6,247 cr as the cost of materials consumed fell around 11.2% compared to the year-ago quarter

Market regulator issues legal notices to PTC India Financial Services

The SEBI investigation followed allegations levelled by three independent directors of PTC India Financial Services in January 2022

Apollo Tyres Q4 profit jumps 4-fold on lower rubber costs, strong demand

Apollo also recommended a final dividend of Rs 4 per share