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Foxconn Industrial Internet denies signing deal with Tamil Nadu: Report

The government of the southern Indian state of Tamil Nadu said on Monday it has signed a deal with Foxconn for a new electronic components manufacturing facility that would create 6,000 jobs

Govt hikes windfall tax on petroleum crude to Rs 4,250 per tonne from Aug 1

A windfall tax on diesel has been increased to 1 rupee per litre from nil earlier, according to a government notification on Monday

Wall Street, global stocks remain flat ahead of earnings, economic data

The Dow Jones Industrial Average rose 0.11%, to 35,499.78, the S&P 500 was little changed at 4,582.45 and the Nasdaq Composite added 0.07%, to 14,326.87

Japan chip equipment supplier Disco to set up center in India: Report

The chipmaking device supplier will consider opening an applications laboratory, which performs test cuts and other experimental processing at customer's request, in India, the report said

German data watchdog probing Worldcoin crypto project, says official

Worldcoin, which launched last week, requires users to give their iris scans in exchange for a digital ID and, in some countries, free cryptocurrency as part of plans to create a new identity

X social media reveals reporting structure under Elon Musk: CEO Yaccarino

The company said both Musk and Yaccarino will oversee the trust and safety team, which is responsible for content moderation

After Sequoia split, India's Peak XV to hold CEOs meet for first time

The invite-only Peak XV "Founder Retreat" is planned for Aug 18-19 in the tech hub of Bengaluru, dubbed the Silicon Valley of India and the base of many startups

Petronet eyes lower prices under renewed long-term deal with Qatar

Petronet is "seriously engaged" with Qatar to extend its long-term deal to beyond 2028, Singh said, adding that Petronet has until the end of the year to complete negotiations for an extension

Oberoi Realty Q1 profit falls 20.2% on fewer bookings, higher costs

Meanwhile, total expenses surged by nearly 10% driven by a spike in operating costs

No immediate plan to curb rice exports, says Vietnam food assoc official

Vietnam's 5% broken rice prices rose to $550-$575 per metric ton on Monday, traders said, their highest since 2011, from a range of $515-$525 before India's move

Basmati rice exporters get requests for early shipments following ban

India exported around 4.5 million metric tons of basmati rice in 2022/23, with Saudi Arabia, Iran, Iraq, United Arab Emirates, Yemen and the United States among the top buyers

SBI's infra bond response likely to lure lenders into tapping mkt: Bankers

Earlier in the day, the SBI accepted bids worth 100 billion rupees for 15-year bonds at a coupon of 7.54%

Fiscal deficit for April-June at 25.3% of annual target: Govt data

Total expenditure during the period was Rs 10.51 trillion,or 23.3% of the annual goal, lower than the Rs 9.48 trillion in the same period last year

Glencore to buy Pan American's stake in Argentina copper project for $475mn

The asset has proven and probable mineral reserves of 5.4 million tonnes of copper and 7.4 million ounces of gold, with an initial mine life of 28 years

Solar Energy Corp proposes JV with Reliance to supply green energy

Solar Energy Corp, has offered oil-to-telecoms conglomerate Reliance Industries a 51% stake in a joint venture to supply renewable power to the latter's refineries and other manufacturing plants

Foxconn to sign Rs 1,600 crore components plant deal with Tamil Nadu

The subsidiary, Foxconn Industrial Internet (FII), plans to invest Rs 1,600 crore ($194.45 million) to build a campus in Kancheepuram district

Jana Small Finance Bank refiles IPO papers, seeks to raise Rs 575 cr

The offer consists of fresh issue of shares worth up to 5.75 billion rupees ($70 million) and an offer for sale of up to 4.1 million shares, according to the draft herring prospectus

BHP expects Indian steel industry's boom to boost its coal business

Around 40% of BHP's metallurgical coal, used by steel mills and known as coking coal, is now heading to India, chief commercial officer Vandita Pant told FT

Walmart buys out $1.4 billion hedge fund Tiger Global's stake in Flipkart

Walmart acquired a majority stake of 77% in Flipkart for about $16 billion in 2018, and later that year said it could take the company public in four years

Farmers plant 23.7 million hectares rice so far as monsoon rains revive

Higher rice planting in India, the world's second biggest producer of the grain, will ease concerns about the lower output of the staple