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How secret talks in London led to Air India's gigantic plane order

On Tuesday, Air India provisionally agreed to acquire almost 500 jets from Airbus and Boeing to take on domestic and international rivals

Govt may consider fuel, maize tax cuts to control climbing retail inflation

The Indian government could consider reducing taxes on some items such as maize and fuel in response to the central bank's recommendations to help rein in climbing retail inflation

Oil prices drop as US crude inventories jump, fuel demand worries

Gasoline stocks rose by about 846,000 barrels, while distillate stocks rose by about 1.7 million barrels, according to the sources, who spoke on condition of anonymity

India's merchandise trade deficit in January down at $17.75 billion

January merchandise exports were $32.91 billion compared with $34.48 billion in December, while imports were at $50.66 billion against $58.24 billion in December, according to government data

India's soymeal exports to soar as drought trims Argentine supply

The drop in Argentina's output has driven up the South American producer's prices, making Indian soymeal more competitive

No refinancing, liquidity issues, says Adani to calm jittery investors

Adani has rejected the concerns in detailed rebuttals of the Hindenburg report's allegations and criticism that it had unsustainable debt

TVS Motor in talks with ADIA, Goldman, Carlyle for EV investment: Report

The $300 million to $350 million investment would value TVS at about $3 billion to $3.5 billion, likely making it India's most valuable EV two-wheeler manufacturer, ET said

Russia price caps spur India interest in naphtha, fuel oil, but not diesel

India's interest in ramping up Russian oil products imports comes after the world's third largest crude importer became Moscow's top oil client after China as the West shunned supplies from Moscow

Rupee to weaken on bets of more Fed Reserve rate hikes, RBI in focus

The non-deliverable forwards indicate that the rupee will open at around 82.85-82.90 to the dollar, compared with 82.7550 in the previous session

Oil falls in early trade after data points to jump in US crude stocks

Brent crude futures lost 20 cents to $85.38 per barrel by 0111 GMT, while US West Texas Intermediate (WTI) crude futures shed 19 cents to $78.87

Dollar hits 6-wk high vs yen, rallies from 2-week low after inflation data

The dollar index, which measures the greenback against a basket of major currencies, was last flat at 103.22. It dropped as low as 102.50, its weakest level since Feb 3

Adani Group likely to repay short-term commercial paper debt: Bankers

Two large companies within India's embattled Adani Group are likely to repay their short-term commercial paper (CP) debt as they come due over the next few months.

BJP has nothing to hide on Adani issue: Home minister Amit Shah

The crisis has stalled parliament, ignited street protests by the opposition, sparked off investigations by regulators and weighed on the broader markets

Apple facing obstacles in move to boost India manufacturing, says report

Apple Inc is facing challenges as it tries to increase production in India, the Financial Times reported on Tuesday, citing people familiar with the iPhone maker's operations

Eicher Motors Q3 results: Profit rises 62.4% on higher motorcycle sales

Total expenses rose 24.4% to 30.06 billion rupees, led by a 39% increase in the cost of raw materials and components

Epic Games alleges Google not complying with Indian antitrust order

In October the agency said Google exploited its dominant position in Android in India, where 97% of smartphones run on the operating system

Bosch's India unit reports 36% jump in profits, warns of "challenging 2023"

Bosch Ltd, the Indian unit of German automotive supplier Bosch, on Tuesday warned of a "challenging 2023" amid growing fears of recession, after reporting a 36% jump in third-quarter profit.

Ford to cut 3,800 engineering, administration jobs in Europe in next 3 yrs

Around 2,300 jobs will go at the carmaker's Cologne and Aachen sites in Germany, 1,300 in the UK and 200 in the rest of Europe, the company said

HAL in talks with four nations to sell its light-combat aircraft Tejas

Malaysia has shortlisted the Tejas light fighter jet for an order of around 10 to 20 planes and Argentina, Egypt and Botswana have also expressed interest

Asian Shares track Wall Street's inflation optimism, yen recoups losses

Japan's currency had weakened on uncertainty surrounding the next governor of the Bank of Japan