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Europe's Airbus opens new assembly line for small jets in A380's shadow

The A321neo is the largest version of the A320 series of jets, which was relaunched with new engines in 2010 just in time for a boom in demand stoked partly by low interest rates

Citigroup downgrades US stocks amid recession risks, upgrades Europe

Strategists at the brokerage downgraded UK stocks on a lack of exposure to growth stocks and a stronger pound

Oil falls by 1% on China, US economic data, but OPEC+ cuts limit fall

Brent crude futures fell 73 cents, or 0.9%, to $77.74 a barrel by 1005 GMT, and U.S. West Texas Intermediate crude was also off 72 cents, or 1%, at $73.14 a barrel

India's consumption is rising as global prices have eased: Gas importer

Eased gas prices, triggered by the built-up of stocks by European nations, is boosting gas consumption in the price-sensitive Indian market

China's car sales shrink 2.9% in June as big-ticket spending falters

Car sales in June totalled 1.91 million units, down 2.9% from last year, CPCA data showed. It was the first monthly contraction since January

EasyJet cancels 2% of summer flights schedule over air traffic worries

This summer, air traffic control issues are likely to be the weak spot, according to warnings from Eurocontrol, which manages European airspace

SAT dismisses plea by Zee's ex-chairman Chandra, CEO Goenka over Sebi ban

An Indian tribunal on Monday dismissed an appeal by former Zee Group Chairman Subhash Chandra and Zee Entertainment CEO Punit Goenka to lift the markets regulator's ban

L&T, Spain's Navantia to jointly bid for $5-bn India submarine tender

L&T has so far built more than 65 defence vessels- both in partnership and on its own- including a handful for the Indian Navy and Coast Guard, according to its website

Inflation likely rose to 4.58% in June on higher food prices: Reuters poll

"We believe the RBI will tolerate a supply-side driven rise in food inflation as long as core price pressures continue to ebb within the bank's tolerance band," said Alexandra Hermann

Adani-Hindenburg case: Sebi defends rule change on offshore investors

The Supreme Court will hear the ongoing Adani-Hindenburg case on Tuesday. The regulator has until Aug. 14 to submit its report

HPCL recieves bids to lease part of Chhara LNG terminal on west coast

HPCL aims to commission the terminal, with a planned capacity of 5 million metric tons per year (tpy) in the December quarter, K Sreenivasa Rao told reporters at an event

Bain Capital in talks to buy Indian ice cream maker Vadilal: Report

Shares of Vadilal Industries soared to its record high, rising as much as 18.6% after the report

India's green hydrogen push and challenges, everything you need to know

Although first production is expected only in 2026, India has been negotiating bilateral agreements with the European Union, Japan and other countries to start exporting the fuel

Soaring vegetable prices can tip delicate inflation balance: Economists

However, if the spike in vegetable prices sustains, it could push July inflation towards 6%, said Gaura Sen Gupta, an economist at IDFC First Bank

Godrej Aerospace eyes share of GE 414 engine manufacturing, supply chain

Godrej Aerospace will be pitching to manufacture modules of the engine, a company official told Reuters during a plant visit

Gas regulator to pitch for building gas storage to boost clean fuel usage

The country aims to raise the share of natural gas in its energy mix to 15% by 2030 from about 6.5% now

Go Airlines invites Expression of Interest for possible sale of carrier

The last date for receipt of interest for the airline is set for Aug. 9, according to a advertisement

Rupee to climb after dollar's fall on weaker than expected US jobs data

Non-deliverable forwards indicate the rupee will open at around 82.60-82.62 to the U.S. dollar, compared with 82.74 in the previous session

Crude oil eases ahead of China, US data, but OPEC+ cuts limits slide

Brent crude futures fell 22 cents, or 0.3%, to $78.25 a barrel by 0107 GMT, and U.S. West Texas Intermediate crude was at $73.57 a barrel, down 29 cents, or 0.4%

HDFC Bank to sell 2% stake in NSDL IPO; IDBI Bank to sell 22.2 mn shares

In its draft red herring prospectus (DRHP) dated July 7, the depository said the IPO will see sales of 57.3 million shares by its six shareholders