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Spicejet to consider capital raise amid losses, market share battle

Spicejet's market share slipped to 7.3% in January from 7.7% in December

Adani Ports to prepay Rs 1,000 cr on commercial papers due in March

"This part prepayment is from the existing cash balance and funds generated from the business operations," the spokesperson said in an email response

Rupee's expected volatility against dollar hits 7-month low, at 4.50/4.80%

Indian rupee's expected volatility against the dollar over the next one month hit its lowest level in almost seven months on Tuesday

G20 finance chiefs to discuss debt, crypto, inflation, says Indian official

G20 finance ministers and central bank governors will discuss debt troubles in developing economies, crypto currencies and global inflationary pressures at a meeting later this week

Indian jeweller Joyalukkas withdraws Rs 2,300 cr initial public offering

About Rs 1400 crore ($169.16 million) from the IPO funds were to be used for repayment or pre-payment of debt, the company had said in its draft prospectus released in March last year

Foxconn chairman to visit Covid-hit iPhone plant in China: Report

Liu is scheduled to meet with senior government officials including Lou Yangsheng, the Communist Party chief of Henan province where Zhengzhou is located, the source said

RBI may set cutoff yield on 10-yr state bonds in 7.69%-7.71% band: Poll

Indian states will aim to raise an aggregate of 207.37 billion rupees ($2.51 billion) on Tuesday through the sale of bonds maturing between seven years and 30 years

India steel imports from Russia rise to eight-year high in April-Jan: Data

India's imports of Russian steel rose to an eight-year high during the first 10 months of the financial year that began in April 2022, government data compiled by Reuters showed

Brent oil lower amid stronger dollar, caution ahead of Fed minutes

Traders are awaiting the minutes of the latest Federal Reserve meeting, due on Wednesday, as data on core inflation has raised the risk of interest rates remaining higher for longer

India invokes emergency law to force coal-based power plants to up output

Many of India's power plants that use imported coal have not operated at full capacity recently because they have found it difficult to compete with power generated from cheap domestic coal

Enforcement Directorate accuses Pernod Ricard of more policy violations

In the Jan 6 filing documents the federal agency accused Pernod of a 'conspiracy to gain illegal benefit by submitting wrong affidavit' to Delhi authorities

Adani Cement's ACC and Ambuja to resume Himachal Pradesh operations

India's Adani Cement, part of the embattled Adani Group of companies, said its ACC and Ambuja Cements businesses will resume operations at two plants in the Himachal Pradesh

Uber to introduce EVs in India for ride-sharing in push to clean cars

Uber has set a 2040 target for 100% of its rides to be in zero-emission vehicles, public transport or with micro-mobility, including in India

India's sugar output up 5.39%, produced 25.4 mn tonnes so far this season

The association last month cut its 2022/23 output estimates by 7% from the previous forecast, as sugar cane yields in major producing states fell due to weather conditions

Asia shares creep higher, wary on US Fed Reserve and BOJ outlooks

Geopolitical tensions were ever present with North Korea firing more missiles and talk of Russia ramping up attacks in Ukraine before Friday's one-year anniversary of the invasion

Centre opposes Hindustan Zinc's $2.98 billion deal for Vedanta zinc assets

Directors nominated by the government at Hindustan Zinc had dissented to the proposed deal announced on Jan. 19, the letter showed

India's Russian oil imports surge to a record 1.4 mn barrels per day in Jan

Last month Russian oil accounted for about 27% of the 5 million bpd of crude imported by India, the world's third-biggest oil importer and consumer

Meta to test monthly subscription service 'Meta Verified' priced at $11.99

Meta's foray into subscription services follows Twitter, which announced last month that Twitter Blue will be priced at $11 per month

Dollar buoyant in early trade as robust US data keep Fed hawks in control

The greenback advanced broadly in early Asia trade, sending sterling 0.12% lower to $1.2028 and the Aussie falling 0.18% to $0.6866

Five dead as Israeli missile strikes residential area in Damascus

The strike, a rare one aimed at a residential area in the heart of the city, damaged several buildings in the densely populated district close to Omayyad square