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Bank of America profit rises as it cashes in on higher interest rates

Bank of America's net interest income, which reflects how much money the bank makes from charging interest to customers, rose 25% to $14.4 billion in the quarter

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 plans to appeal against WTO panel ruling on IT tariffs: Govt

If India appeals, the case will sit in legal purgatory since the WTO's top appeals bench is no longer functioning due to US opposition to judge appointments

Goldman Sachs profit falls in first quarter as dealmaking sputters

Goldman booked a $470 million loss on the sale as the bank rejigs its strategy after a foray into consumer banking, which Chief Executive David Solomon had championed for years, flopped

India's migrant millions: Caught between jobless villages and city hazards

"There are not enough jobs, and they are not good enough to attract people for the long term, not good enough wages to invest in housing, to get their children to the cities to study"

From iPhone 3G to 1st retail store: Here is Apple's 15-yr journey in India

As Apple opens its first stores, here is a timeline of its journey in India, where the US firm's contract manufacturers are increasingly making iPhones

India's sugar output drops 5.4% y/y as mills close early, worst in Maha

Lower sugar output from India, the world's biggest producer of the sweetener, will leave hardly any surplus for additional exports during the current 2022/23 season

HDFC Bank set to meet reserve ratio requirements post merger: Report

The $40 billion merger, announced last April, is expected to conclude by July, HDFC Bank's Chief Financial Officer Srinivasan Vaidyanathan told analysts at a conference call on Saturday

New Delhi rejects renewal of Pernod's liquor sale licence, cites probes

The 12-page order also stated, "Pernod Ricard India Private Limited and its employees had active involvement in the said criminal conspiracy"

Apple craze draws long queues at opening of first India store in Mumbai

The new store, located in the premier Reliance-owned Jio World Drive mall, underscores Apple's growing ambitions for India

India, Russia talk free trade agreement in a bid to strengthen ties

Jaishankar said Indian business could benefit from Russian technology and that New Delhi was working to iron out payments, certification and logistics issues

India, Russia discussing free trade agreement, says Russia's deputy PM

Russia's Manturov was speaking at an event in New Delhi with India's foreign minister, S. Jaishankar, who said the South Asian country was in advance agreement for a bilateral trade treaty with Moscow

WTO panel rules against India in IT tariffs dispute with EU, others

The EU is India's third largest trading partner, accounting for 10.8% of total Indian trade in 2021, according to the European Commission

Apple CEO Tim Cook to meet PM Modi, IT minister amid India expansion plans

The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India

Nike, Adidas shoes maker Pou Chen to invest nearly $281 mn in India

The investment, which would create about 20,000 jobs in Tamil Nadu over a span of 12 years

Apple chief executive Tim Cook to meet PM Narendra Modi amid expansion

The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India

Russia's Gazprombank deepens ties with Indian banks for bilateral trade

Trade between India and Russia has surged since the West imposed sanctions against Russia for its invasion last year of Ukraine, which has altered flows of oil and other goods

State refiners post 8.4% rise in gasoil to 3.45 mn tonnes in April 1st half

Indian state refiners posted an 8.4% rise in sales of gasoil to 3.45 million tonnes in the first half of April compared with the same period last month, preliminary sales data showed

Merck & Co to buy Prometheus Biosciences for nearly $11 billion

The company, through one of its subsidiaries, will pay $200 per share for Prometheus Biosciences

G7 ministers set ambitious new targets for solar and wind capacity

G7 ministers finish two days of meetings on climate, energy and environmental policy in the northern Japanese city of Sapporo on Sunday