Page 615 - Reuters%20/t%20_blank

EV cell maker Log9 flags production hit on delayed visas to Chinese experts

"If the Chinese engineers don't arrive on time, then our cell line production will get impacted," Log9's co-founder and director, Pankaj Sharma, told Reuters

Food inflation transitory as monetary policy restrictive: MPC member Varma

Varma said rural demand was an issue, and a poor monsoon was as much of a growth shock as it was an inflation shock

India's fashion retailers suffer sales pain as tomato, onion prices surge

Popular Indian and foreign brands including shoe retailers Japan's Asics and Skechers USA have been offering steep discounts

Adani's Dharavi redevelopment plan spurs doubts and favouritism claims

Adani is at the helm of plans to redevelop Dharavi after the Maharashtra state government in July approved his $614 million contract bid to overhaul the slum

China halves stamp duty on stock trades to boost struggling market

Along with the finance ministry move, CSRC is rolling out measures to shore up market confidence in investing in listed companies

PM Modi warns of new colonialism model over control of critical minerals

China accounted for 70% of world mine production of rare earths in 2022 and is home to at least 85% of global processing capacity

US trade chief flags concerns over India's license rule for laptop imports

US' intervention comes amid worries the licensing regime could impact shipments from the likes of Apple and Dell and force firms to boost local manufacturing

Fan blades, engine parts go missing from Go First jets, says lessor

The lessors have so far unsuccessfully argued in Indian courts to get their planes back, citing concerns that parts could go missing and hurt their assets

Shares trade in green as Fed weighs inflation risks, yields steady

Gains on Wall Street lifted global stocks, and the MSCI All Country stock index edged 0.12% higher

India expands curbs on rice exports with 20% duty on parboiled grade

Last month, India surprised buyers by imposing a ban on exports of widely consumed non-basmati white rice, following a ban on broken rice exports last year

Fed's Powell says higher rates may be needed, will move 'carefully'

"It is the Fed's job to bring inflation down to our 2% goal, and we will do so," Powell said in a keynote address to the Jackson Hole Economic Policy Symposium

Moscow demands bigger discounts from foreign companies exiting Russia

Companies still in the process of negotiating exits include telecoms group Veon, Nasdaq-listed tech group Yandex and Italian lender Intesa.

Japan's SoftBank will likely sell shares in India's Zomato: Report

U.S.-based firms Sequoia and Tiger Global, who were investors in Blinkit, had also received shares in Zomato after the acquisition

ACME Group to invest nearly $3.3 bn in green hydrogen project in Odisha

ACME Group will acquire 343 acres of land in Gopalpur Industrial Park, developed by the Tata Steel Special Economic Zone in the state

Nearly 2 mn excess deaths followed China's sudden end of Covid curbs

China's decision last December to end the three-year zero-Covid policy, which included mass-testing and stringent and persistent quarantine lockdowns

Drug retailer Rite Aid Corp preparing to file for bankruptcy: Report

Regionally focused Rite Aid operates more than 2,330 stores in 17 U.S. states, although it is much smaller than rivals like Walgreens Boots Alliance and CVS Health

BofA sees 'trouble' ahead for technology stocks despite big inflows

The tech-heavy Nasdaq Composite has gained 28% this year, fueled by megacap stocks and excitement over the business potential of artificial intelligence

AstraZeneca sues US govt over Medicare drug price negotiation plans

The British drugmaker, which filed its complaint in a Delaware district court, joins other drugmakers and business groups claiming that the program would restrict the development of new medicines

Moody's cuts Chinese property giant Longfor's ratings to cusp of junk

China's property market has suffered a wave of defaults and debt restructurings since mid-2021 which have also left swathes of homes unfinished

Blackstone Group selling a 22% stake in Bellagio, says WSJ report

Realty Income, which owns more than 13,000 properties in the U.S. and Europe, is paying $300 million for the 22% stake in the casino and resort, the report said