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India to withdraw licenses for oil tankers, bulk carriers older than 25 yrs

"Age norms will assist in ensuring gradual phasing out of fossil fuel ships and ushering in of alternate/low carbon energy efficient ships," the order said

Court orders jail for 2 Maiden Pharma execs for exporting substandard drugs

The company has denied its drugs were at fault for the deaths in Gambia and tests by an Indian government laboratory found there were no toxins in them

Apple supplier Foxlink unlikely to resume full India ops for 2 mths: Report

The facility in India's Andhra Pradesh state, where Foxlink makes charging cables for iPhones, was engulfed in a massive fire on Monday that led part of the building to collapse to the ground

Apr-Jan fiscal deficit comes at $144.19 bn; touches 68% of full-year target

India aims to end the current fiscal year with a budget deficit of 6.4 per cent

SBI raises $1 billion via syndicated social loan for further lending

The funds will be used to further lend to microfinance institutions and self-help groups, a senior official at SBI, who declined to be named, told Reuters

Passenger vehicle sales expected to grow 9-10% in 2024: Crisil Ratings

Higher incomes and a strong order book driven by pent-up demand, especially for SUVs, will support domestic growth even as exports remain sluggish helping vehicle sales touch a record of 5 mn units

Indian banks unprepared for RBI's ESG push, survey shows: Report

A majority of domestic banks, particularly mid-sized and small ones, are grappling with issues on the ESG definitions applicable to lenders, how the norms will be built into ending decisions

Adani Group to repay up to $790 mn share-backed loans by March: Reports

Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named

Ukraine war, US-China tensions to dominate G20 foreign ministers meet

In all, representatives of 40 countries, including non-G20 members invited by India, and multilateral organisations will attend

Apple supplier Foxlink halts production at Indian facility after fire

Management has estimated damage of 1 billion Indian rupees ($12 million) at the facility, he said, adding there were no casualties

Oil futures slip 1% on worries about more US interest rate hikes

Oil prices slid about 1% on Monday as strong U.S. economic data had investors bracing for more interest rate hikes from the U.S. Federal Reserve to fight inflation which could also cut oil demand

British PM Rishi Sunak, EU strike deal over trade in Northern Ireland

A government source said Sunak had agreed the terms with European Commission President Ursula von der Leyen as they met in London

$61-billion VMware deal: Broadcom to get warning from regulators

The EU competition enforcer, which will decide on the deal by June 7

Credit growth of banks accelerates 16.8% in December quarter: RBI

Indian banks' credit growth doubled to 16.8% in the October-December quarter from a year earlier, data released by the Reserve Bank of India (RBI) on Monday showed

Nissan raises global electrified car sales targets; to boost US input

Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal 2030, up from a previous goal of 50%

Adani rebuffs report of $400 mn fundraise against Australian assets

Australia's corporate regulator earlier this month said it will review the report that has flagged a wide range of concerns about the group led by billionaire Gautam Adani

SpiceJet restructures dues to Carlyle Aviation, to raise fresh capital

The airline will also transfer $65.5 million worth of compulsorily converted debentures of SpiceXpress and Logistics to Carlyle Aviation

Nissan Motor Co raises global EV target; to increase US localisation

Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal 2030, from a previous goal of 50%

Adani in talks for $400 mn debt against Australian coal port assets: Report

North Queensland Export Terminal, which is controlled by Adani family trust, is being considered to raise funds for the group, according to the report on Monday, citing sources aware of fundraising

Fabindia withdraws $482 million IPO due to rough market conditions

Fabindia said it has withdrawn its $482.43 million IPO due to rough market conditions, becoming the latest company to shelve listing plans as interest rate worries pressure stock markets