Page 700 - Reuters%20/t%20_blank%20

Apple to nearly triple investment, exports in India in coming years

Apple mainly assembles iPhones in India through Taiwan contract manufacturers but plans to expand into iPads and AirPods, as it looks to cut reliance on China

Market regulator Sebi penalises former audiitors of CG Power for violations

India's market regulator penalised two former auditors of CG Power and Industrial Solutions Ltd on Thursday for rule violations, according to an order published on the regulator's website.

Cyient reports 48.3% surge in Q4 revenue on strong deal pipeline

Revenue from the services segment was at Rs 1,448 crore, up from Rs 984 crore a year earlier

Overnight rates stay above repo as banks borrow before VRRR maturity

The current reporting fortnight ends on Friday, and banks are scrambling to borrow funds to maintain the mandatory reserve requirements, traders said

Alaska Air Group posts bigger-than-expected loss as costs mount

Shares of Alaska Air fell 1.49% in premarket trading on Thursday after the company forecast second-quarter CASM, excluding fuel, to rise between 1% and 3%

India's heatwaves putting economy, development goals at risk: Study

Killer heat waves are putting "unprecedented burdens" on India's agriculture, economy and public health, with climate change undermining the country's long-term efforts

India's economic growth seen stuck in low gear due to global slowdown: Poll

India's economy will slow considerably this fiscal year as the global economic slowdown impedes domestic growth prospects, according to a Reuters poll

Dollar bonds of Adani Group firms inch higher post buyback announcement

The US dollar-denominated bonds issued by entities of India's Adani Group were trading marginally higher on Thursday, after a group company said it will consider a buyback of securities

Musk says Tesla likely to launch full self-drive technology this year

"I hesitate to say this but I think we'll do it this year," said Tesla CEO Musk, speaking on a conference call

Fed to deliver 25-basis-point hike in May, stay on hold rest of year: Poll

Nearly 90% - 94 of 105 - of the economists who participated in the latest poll, predicted the US central bank would hike its key policy rate by 25 basis points

Fox settles defamation case for $787 million over US election lies

"Truthful reporting in the media is essential to our democracy," Poulos said.

Iron ore miner NMDC exploring lithium reserves in Australia's Perth

Indian iron ore miner NMDC Ltd said on Wednesday it is exploring lithium reserves 124.3 miles (about 200 km) off Perth, Australia

India's JSW Steel plans to sell specialty steel to Russia: Company source

India's JSW Steel plans to sell specialty steel products to Russia this year, a senior company official told Reuters on Wednesday

Once booming, Indian start-ups set for more pain as funding crunch worsens

"Indian startups are not catering to a billion consumers. All of them are selling to the same 100 million"

Zomato says most Blinkit stores have reopened after wage protests

The disruptions have no material impact on the operations and financial performance of the company, Zomato said

BluSmart seeking to challenge Uber, Ola with an all-electric taxi fleet

A confidential BluSmart investor deck from March, reviewed by Reuters, stated "Uber is losing drivers, riders and market share in India"

Strong 5G gear sales in India boost Ericsson's quarterly net profit

While India boosted equipment sales, analysts said the net growth was chiefly driven by the $6.2 billion aquisition of cloud communication firm Vonage that Ericcson closed last year

Tata Coffee reports 20% rise in profit on strong demand for March quarter

The company, which also exports to over 40 countries, said its revenue from its value added products business increased about 11% to 6.24 billion rupees

India, China snap up Russian oil in April above 'price cap': Report

The advocates of the cap say it reduces revenues for Russia while allowing oil to flow, but its opponents say it is too soft to force Russia to backtrack on its activities in Ukraine

ICICI Lombard General Insurance profit rises 40% as premiums climb

The Mumbai-based insurer's March-quarter profit after tax rose to Rs 437 crore ($53.29 million), from Rs 313 crore posted a year ago