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India's Lava looks to corner a third of feature phone market share

Since it was set up in 2009, Lava has become popular for the budget phones, which have a keypad but no high-end features

UK recession risk deepens but consumers stay unfazed, factory output falls

A business survey, which the BoE factored into its decision to keep rates on hold, showed companies endured a much tougher September than feared, marked by growing unemployment

Citigroup warns UK staff of cuts as hundreds of roles could be affected

Bankers have been bracing for change after CEO Jane Fraser said earlier this month that Citigroup, the third-largest US

Indian Potash sees no Canada supply hit amid row, hopes to extend deal

In April, Canpotex said it had agreed a supply contract with Indian Potash for shipments through Sept. 30

McDonald's plans to raise royalty fees for new US restaurant operators

The change will not affect existing franchisees who are maintaining their current footprint or who buy a franchised location from another operator

Bank of Japan keeps ultra-loose policy, dovish guidance; yen skids

The BOJ's decision contrasts with those of U.S. and European central banks, which in recent meetings have signalled their resolve to keep borrowing costs high to rein in inflation

Bond flows may hit $50 bn if other indexes follow: ICICI bank official

Earlier in the day, JPMorgan said it would include India in its global emerging market bond indices over 10 months starting June 2024, triggering close to $24 billion in flows.

India's inclusion in EM bond index can spark higher FX volatility: Bankers

The inclusion is expected to spur staggered inflows of $22-$30 billion, analysts estimate

India says rising oil prices a concern, but economic outlook 'bright'

India, the world's third-largest energy importer, purchases more than 80% of its crude oil from international markets

Go First says airline's revival could be derailed by lessors' demands

Dubai Aerospace Enterprise (DAE) Capital and ACG Aircraft Leasing recently sought a Delhi court's intervention by complaining some parts had been allegedly "robbed" or the jets were corroding

What would India's inclusion in JPMorgan's bond index mean for its markets?

Currently, 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are index eligible, JPMorgan said

JPMorgan index inclusion shows confidence in India's economy: Ajay Seth

Inclusion will start on June 28, 2024, and extend over 10 months, with 1% increments on its index weighting, as India is expected to reach the maximum weighting of 10%

Apple's iPhone seen gaining market share in India as Pro model demand rises

Wait times in India for Apple's latest 15 Pro and Pro Max models, that go on sale Friday, are stretching up to late October, mirroring trends seen in China and the US

China and India lead Asia's biggest hydropower generation crunch in decades

The two countries, which account for about 3/4 of Asia's power generation and most of its emissions, are also to a lesser extent using renewables to make up for the hydropower shortfall

Ambani's Viacom18 to strike deal with Blackstone for new Mumbai HQ

Viacom, which runs TV channels and digital streaming platform JioCinema, competes with the likes of Walt Disney in India

Sebi removes penalties on cos unable to meet mandatory bond mkt borrowing

The regulator said it would grant more flexibility to large companies for incremental borrowing via bonds

India unlikely to export sugar in 2023-2024, says ED&F Man Commodities

Nearly a month ago government sources told Reuters that India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years

Cisco Systems beefs up cybersecurity play with $28 billion Splunk deal

Cisco offered $157 in cash for each share of Splunk, representing a 31% premium to the company's last closing price

India's struggling carrier Akasa blames regulator 'inaction' as pilots quit

Akasa is suing some of the pilots for alleged contractual violations, and has warned in court that it might have to shut down if the exits continue

Tesla proposes building EV battery storage factory in India: Report

While both Tesla and the Indian government remain keen on the proposal, and New Delhi continues to review it, it is not certain if the plan will be realised, said the first source