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Epsilon Advanced Materials to build $650 mn EV battery plant in US

EAM expects the North Carolina plant to reach full capacity by 2031, with a targeted annual production capacity of 50,000 standard tons of anode materials

Colgate-Palmolive India Q2 results: Net profit rises 22% on higher demand

ntensive marketing efforts and increased distribution, meanwhile, have boosted demand in rural areas

SBI mulls to raise up to Rs 10,000 cr tier-II bond issue next week

The bonds are rated AAA by consulting and rating firms CRISIL and India Ratings

China top exporter of finished steel to India in April-Sept: Govt data

The Indian steel industry has sought government intervention through safeguards against Chinese imports

McDonald's India franchisee Westlife's PAT falls to Rs 22.37 cr in Q2FY24

The franchisee said consolidated net profit after tax fell to Rs 22.37 crore ($2.7 million) in the July-September quarter from Rs 31.54 crore a year earlier

RBI to meet senior bank officials next week, liquidity to be discussed

Market participants are also eagerly awaiting hints on when the RBI would conduct an open market sale of debt as announced in the October monetary policy meeting

India's lentils imports from Canada keep flowing despite tensions

Canada is India's main import source of lentils, a protein-rich staple used to make daal curry

Unilever CEO Schumacher's strategy plan fails to excite investors: Report

Consumer goods industry has struggled for more than two years with soaring costs

ONGC hopes to recover over $500 mn dividend as Venezuela sanctions eased

The Biden administration on Wednesday eased sanctions on Venezuela's oil sector after the government and opposition parties reached a deal for the 2024 election

Festival season to bring some cheer to economy, say economists: Poll

Battered during the pandemic, consumption, which makes up for about 60 of Asia's third-largest economy has been slow to reach its pre-Covid levels

Essar plans to make Saudi Arabia regional hub to drive expansion locally

Saudi Arabia has been trying to shift its economy away from oil and is aiming to manufacture more than 300,000 cars annually by 2030

NFRA probing Adani Group's auditor SR Batliboi, an EY member firm

In a statement on Wednesday, Adani Group rejected any suggestions that the company and its business have not acted as per the regulations and accounting standards of the jurisdictions they operated in

Millions more Americans were food insecure in 2022 than 2021: USDA report

"The report is a stark reminder of the consequences of shrinking our proven safety net," Agriculture Secretary Tom Vilsack said in a statement

Rehearsed delivering a massive retaliatory nuclear strike, says Russia

"Practical launches of ballistic and cruise missiles took place during the training," the Kremlin said in a statement on the nuclear drills

Safe-haven gold gains buoyed by Middle East conflict; US data in focus

US business activity ticked higher in October while output in the euro zone took a surprise turn for the worse, surveys showed on Tuesday

US dollar edges higher as risk sentiment sours, treasury yields rise

Analysts, however, see limited room for yields and the dollar to extend gains

Moody's quarterly profit beats market estimates on robust research demand

The New York-based company saw robust demand for its data and insights, including CreditView, its flagship credit research product

Microsoft-backed AI safety forum names first director, plans advisory board

The Frontier Model Forum is backed by ChatGPT-owner OpenAI, Microsoft, Google's parent Alphabet and AI startup Anthropic

Microsoft extends cloud lead over Alphabet, focuses on OpenAI, big clients

Gains in the shares of Microsoft were set to add about $90 billion to its market capitalization.

Boeing trims annual 737 delivery forecast due to supplier errors

It also plans to meet a delivery target of at least 70 widebody 787 Dreamliners in 2023 and is transitioning from a production rate of four to five jets per month