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Adani Group plans to demerge more business; dismisses debt concerns

The corporate house plans to spin off, or demerge, its metals, mining, data centre, airports, roads and logistics businesses, said Jugeshinder Singh

China reopening spurs record inflows into emerging market funds: BofA

The sudden shift in Chinese policy has boosted many different asset classes, from commodities and mining stocks to currencies and equity markets in popular tourist destinations

Airbus to win 235 single-aisle jet orders under Air India relaunch -sources

The deal, roughly split with rival Boeing, is set to cover a total of 425 single-aisle jets including 235 Airbus A320neo-family planes as well as 190 Boeing 737 MAX airliners

Gold prices ease as dollar ticks up, but set for fifth weekly rise

The dollar rose 0.3% against its rivals, making gold more expensive for holders of other currencies

'India's gas imports to rise on easing global prices', says Petronet LNG

India's gas imports in October and November declined by about a fifth to about 1.8 million tonnes from this fiscal year's peak of 2.2 million tonnes in May

Oil prices head for second week of gains on China fuel demand outlook

For the week, Brent was heading for a gain of about 1.2% and the U.S. benchmark for a 0.8% rise

Govt to extend export scheme benefits to green hydrogen fuel manufacturers

The country aims for annual production of 5 million tonnes of green hydrogen and hopes to provide at least 10% of global demand by 2030

Bombay High Court quashes write-off of YES Bank's additional AT1 bonds

The final order is yet to be uploaded on the court website and the bank can choose to appeal in Supreme Court

Indian banks' switch to IFRS norms unlikely to drive rating changes: Fitch

The RBI introduced a discussion paper last week that suggested banks make provisions for bad loans using the expected credit loss (ECL) method

Dollar hovers around seven-month lows as economic storm clouds gather

Data on Friday showed Japan's core consumer prices in December rose 4.0% from a year earlier, double the central bank's 2% target

Bandhan Bank Q3 profit slumps 66% to Rs 291 crore on higher provisions

Higher provisions for stressed loans also pushed its credit cost up to 6.4% in the quarter from 3.7% a year earlier

Oil prices set for second week of gains on brighter China outlook

Brent futures for March delivery gained 26 cents, or 0.3%, to $86.42 a barrel by 0655 GMT, while U.S. crude advanced 43 cents to $80.76 per barrel, a 0.5% gain

Sebi opts for principles-backed approach on ESG ratings, says report

The move by SEBI would allow such scores to be assigned to more companies, making it increasingly possible for investors to assess businesses with a yardstick seen to be growing in importance

HDFC to raise at least Rs 3000 cr via bonds; may invite bids next week

India's Housing Development Finance Corp (HDFC) will return to bond market after a gap of two months, three merchant bankers said on Friday

Dollar around seven-month low as growth concerns mount, yen retreats

The US dollar loitered around its seven-month lows on Friday as fears of an economic slowdown dented risk appetite

Birla Group Holdings to raise funds through sale of commercial papers

The company will offer a yield of 7.85% for this issue for which it has received commitments worth around 2 billion rupees ($24.62 million) so far

Rupee up briefly, searches for direction around familiar resistance level

The Indian rupee briefly rose against the dollar above a level that's being closely watched by traders, but was unable to pierce it convincingly

India committed to increasing investment in Lanka: EAM Jaishankar

India has told the global lender that it strongly supports Sri Lanka's debt restructuring plan, with Colombo owing around $1 billion to its nearest neighbour

IT service firm Coforge reports 24% jump in Q3 profit aided by deal wins

The company said that it de-risked its operating profile with declining client concentration, while attrition fell 15.8% from 16.3% Y/Y

Unilever's India unit falls as royalty fee rise overshadows profit beat

Shares of Hindustan Unilever (HUL) fell as much as 4.3% on Friday, as a deal to pay its UK parent higher royalty fees took the shine off a bigger-than-expected rise in quarterly profit