Reuters
 "Reuters")
Reuters
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
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Brookfield to invest $1 bn in Avaada Group to fund green hydrogen project
Avaada currently operates a renewable energy portfolio of 4 gigawatt (GW) with plans to reach 11 GW by 2026
 "Brookfield to invest $1 bn in Avaada Group to fund green hydrogen project")
Reckitt names Kris Licht as CEO, continues to beats sales estimates
Licht, who has served as president of Reckitt's health business and as chief customer officer since July 2020, will be appointed to the board as an executive director from June 1
 "Reckitt names Kris Licht as CEO, continues to beats sales estimates")
One in five cars sold globally this year will be electric, says IEA
Over half of electric cars on the road so far worldwide are in China, which also dominates global battery production and was responsible for 60% of electric car sales in 2022
 "One in five cars sold globally this year will be electric, says IEA")
Chivas-maker Pernod challenges New Delhi licence rejection in court
"Merely because there may be certain allegations ... cannot be equated with a criminal or be considered as having a criminal background," Pernod Ricard's April 23 filing stated
 "Chivas-maker Pernod challenges New Delhi licence rejection in court")
China's Fosun drops plan to sell stake in drugmaker Gland Pharma: Report
Fosun Pharma holds a 57.86% stake in the Indian company
 "China's Fosun drops plan to sell stake in drugmaker Gland Pharma: Report")
World Bank chief economist calls for new approaches to address debt crisis
The Common Framework should be replaced, he said, in the strongest terms used by a World Bank official. "It's not the right machinery"
 "World Bank chief economist calls for new approaches to address debt crisis")
Biden at 80: Back in the ring for possible rematch with Donald Trump
Biden made his announcement in a slickly produced video released by his new campaign team that opens with imagery from the January 6, 2021
 "Biden at 80: Back in the ring for possible rematch with Donald Trump")
US consumer confidence falls to 9-month low in April amid recession fears
The Conference Board said its consumer confidence index fell to 101.3 - the lowest since July 2022 - from a revised 104.0 in March
 "US consumer confidence falls to 9-month low in April amid recession fears")
General Electric raises profit outlook despite growing risks of recession
CEO Larry Culp told Reuters that GE's businesses had not seen any loss in momentum despite growing risks of an economic recession as soon as the second half of the year
 "General Electric raises profit outlook despite growing risks of recession")
PepsiCo raises annual forecasts on back of buoyant demand, price hikes
Global consumer goods companies have raised prices to battle sky-rocketing costs of everything from aluminum cans to labor and shipping since the supply-chain disruptions during the pandemic
 "PepsiCo raises annual forecasts on back of buoyant demand, price hikes")
Mahindra CIE Q4 profit rises 73% rise on robust domestic, European demand
The revenue from the India segment rose 13.3% to Rs 1,468 crore
 "Mahindra CIE Q4 profit rises 73% rise on robust domestic, European demand")
Cement maker Dalmia's Q4 profit more than doubles on low fuel costs
Consolidated net profit rose to Rs 589 crore ($71.90 million) in the quarter ended March 31 from Rs 266 crore a year earlier
 "Cement maker Dalmia's Q4 profit more than doubles on low fuel costs")
Tata Consumer Products Q4 results: Net profit rises 23% to Rs 269 crore
The company, which owns the eponymous Tata Tea and Tata Salt brands, said its consolidated net profit rose 23% to Rs 269 crore ($32.85 million) in the quarter ended March 31.
 "Tata Consumer Products Q4 results: Net profit rises 23% to Rs 269 crore")
Adani Ports bond buyback allays refinancing risk: S&P Global Ratings
The company, part of the beleaguered Adani Group, should be able to lower its debt well ahead of the maturity of its unsecured notes worth $650 million, due in July 2024, S&P added
 "Adani Ports bond buyback allays refinancing risk: S&P Global Ratings")
Bajaj Auto Q4 results: Net profit drops 2.5% on sluggish exports
This helped total revenue from operations rise nearly 12% to Rs 8,905 crore
 "Bajaj Auto Q4 results: Net profit drops 2.5% on sluggish exports")
3M to cut 6,000 positions globally to focus on high-growth businesses
The move comes as consumers are cutting back on discretionary spending as a series of interest rate hikes over the past year to bring down stubbornly high inflation
 "3M to cut 6,000 positions globally to focus on high-growth businesses")
Contaminated cough syrup made in India found in Western Pacific: WHO
The new alert follows three similar warnings issued last year by the WHO about contaminated cough syrups for children
 "Contaminated cough syrup made in India found in Western Pacific: WHO")
Mahindra Holidays Q4 profit rises on higher occupancy, membership
Shares of the company jumped 5.3% after the results, and closed 3.4% higher
 "Mahindra Holidays Q4 profit rises on higher occupancy, membership")
Hyundai Motor bolsters US presence with $5 billion EV battery venture
Rivals General Motors Co and Samsung SDI are also set to announce plans to build a joint venture EV battery manufacturing plant in the U.S., sources said
 "Hyundai Motor bolsters US presence with $5 billion EV battery venture")
India rules out immediate impact of WTO panel ruling on IT tariffs
As per the available Dispute Settlement procedures, India is taking the necessary steps, and is also exploring options available in light of its WTO rights and obligations, the government said
 "India rules out immediate impact of WTO panel ruling on IT tariffs")