Page 726 - Reuters%20/t%20_blank%20

Merger with Sony will get stuck on insolvency proceedings, says ZEEL

The comments came as Zee's chief executive, Punit Goenka, on Thursday said in a statement that he expected a timely completion of a merger between Zee and Sony

Adani Total to start operations at LNG terminal in Dhamra by mid-June

Adani Total Private Ltd will receive its first LNG cargo at the Dhamra terminal on India's east coast in April and expects to start commercial operations 30 to 45 days after receiving the shipment

G20 leaders to gauge toll on global economy on Ukraine war's anniversary

U.S. Treasury Secretary Janet Yellen on Thursday highlighted the improvement, saying the global economy "is in a better place today than many predicted just a few months ago"

Yellen, G7 urge more aid for Ukraine and adherence to Russia sanctions

Yellen took the lead in urging the IMF to pull together a loan programme for Ukraine, adding that Washington was preparing an additional $10 billion in economic assistance

Will deploy Sarmat N-missiles: Putin; G7 raise Ukraine support to $39 bn

Ukraine's parliament imposed sweeping 50-year sanctions on Thursday on Russian financial institutions including the central bank, all commercial banks, investment funds, insurers and other enterprises

Facebook-parent Meta planning more layoffs, to impact thousands: Report

Last year, the social media giant said it will let go of 13% of its workforce, or more than 11,000 employees, as it grappled with soaring costs and a weak advertising market

Biden picks Ajay Banga as US nominee for World Bank president

A senior US administration official said they did not know if other countries would nominate candidates for the post

Banks can see rise in bad loans from retail, small businesses: SBI official

While loans to this segment have been growing fast, defaults have thus far been few

Airbus close to landing large order from IndiGo: French FM Bruno Le Maire

The contract could be signed at the French airshow in Le Bourget in June, the paper said, adding that Le Maire made the comments during his trip to India for a G20 Summit

US jobless claims fall; inflation revised higher in fourth quarter

Weekly jobless claims fall 3,000 to 192,000

Fitch Solutions sees raw sugar prices averaging 2% higher in 2023

Fitch Solutions said it sees raw sugar prices averaging 2% higher this year as production will likely disappoint in various regions including Europe and India, while demand in China should recover

As G20 finance chiefs gather, Yellen calls for more economic aid to Ukraine

Yellen, speaking at a news conference in India on the eve of the first anniversary of the Russian invasion

Need to pause rate hikes as growth risks are significant: Jayant Varma

India's monetary policy panel failed in its mandate to keep inflation within the 2%-6% band, with it breaching the upper tolerance limit for three consecutive quarters to September 2022

Indian footwear retailer Metro hiring up to 2,000 store workers, says CEO

The company, which had 720 stores as of end-2022 and nearly 4,000 employees overall, said last March it would add 260 new stores that sells brands such as Mochi, Walkaway and Metro

Truckers transporting cement say Hindenburg report godsend in Adani dispute

For weeks, around 7,000 truck owners and drivers in India's Himachal Pradesh resorted to protest rallies against Adani's Dec. 15 decision to shut two cement plants over a dispute on freight rates

Real interest rate of about 1% appropriate for Indian economy: Ashima Goyal

"You don't need to keep on raising nominal rates as long as inflation does not come down because then you will definitely overshoot in terms of real rates," Goyal said

Tata Motors in talks to raise $1 bn via stake sale in EV business: Report

Indian carmaker, Tata Motors has begun discussions with soverign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division

Sri Lanka investment board approves $442-mn Adani Green wind power plants

Sri Lankans have been struggling with rolling powers cuts for over a year as the country struggled to generate sufficient amounts of thermal and coal power

Data risk: Drop Big 4 auditors, Chinese authorities urges state-run firms

While offshore subsidiaries can use the global auditors, their parent firms were urged to hire local Chinese or Hong Kong accountants when contracts come up for renewal

RBI onshore, offshore intervention helps rupee outperform: Traders

The rupee was little changed at 82.80 on the day despite an overnight jump in U.S. Treasury yields, after an unexpected rebound in U.S. business activity