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Centre to seek bids to set up green hydrogen manufacturing plants by May

The bidding process is part of a first phase of a $2 billion incentive plan announced last week to boost use of green hydrogen to cut emissions and make India a major exporter in the field

MG Motor expects EVs to make up around 20-30% of sales in India in 2023

MG Motor India, owned by China's SAIC Motor, expects electric vehicles (EV) to account for at least a quarter of its sales in India in 2023, the automaker said during the country's biennial auto show

Asian shares subdued, dollar steady as focus remains on US CPI data

US stocks ended higher as investors heaved a sigh of relief after Powell refrained in a speech from commenting on rate policy but said the Fed's independence was essential for it to battle inflation

Auto Expo 2023 set to feature electric cars, scooters on Wednesday

The clean vehicle push comes at a time when Centre is looking to cut emissions and pollution in major cities while also reducing its oil import bill

Oil prices slip as US crude, fuel inventories reignite demand concerns

Oil prices fell, erasing the previous session's gains, after industry data showed an unexpected build in crude and fuel inventories in the United States

Dollar stands firm amid low bond yields, traders await consumer price data

The U.S. dollar was steady elsewhere, loitering just above a seven-month low on the euro at $1.0737 in the lead-up to U.S. inflation data due on Thursday

Adani Wilmar sees Q3 sales growth in high single digits as demand grows

Growth in the third quarter has been broad across both urban and rural towns, with higher saliency in urban markets, Adani Wilmar said

Google warns Android growth in India will stall due to antitrust order

Google has so far said the CCI decision will force it to change its long-standing business model, but its Indian Supreme Court filing for the first time quantifies the impact and details the changes

Dollar holds near seven-month lows as traders await inflation data

But Fed Chair Jerome Powell avoided speaking about rate hikes in a speech in Sweden on Tuesday

Google warns Android growth in India will stall due to antitrust order

"Google will be required to make far-reaching changes to the Android mobile platform which has been in place for the last 14-15 years"

Guyana wants Indian companies to invest in its oil and gas sector: Govt

India is diversifying its crude import sources and in 2021 imported Guyanese Liza crude

Oil prices stable as market awaits clarity on US Fed interest rate hike

A weaker dollar can boost demand for oil, as dollar-denominated commodities become cheaper for holders of other currencies

Gold prices steady as investors focus on Powell speech for rate guidance

Powell is scheduled to speak at a central bank conference in Stockholm at 1400 GMT, ahead of key US inflation data on Thursday

Edtech start-up UpGrad's chief executive Arjun Mohan steps down

The departure comes as the edtech company was trying to internally cut marketing costs and become profitable

Carlyle Group acquires majority stake in beauty brand VLCC for $300 million

Founded in 1989, VLCC has a network of 210 retail "clinics" in 118 cities across 11 countries in South Asia, the Middle East and Africa

Wheat harvest could hit record on higher planting area, favourable weather

Higher wheat output could encourage India to consider lifting a ban on exports of the staple and help ease concerns over persistently high inflation in food prices

Govt expects utilities' annual coal demand to surge 8% to 821 mn tonnes

State-run Coal India, which accounts for 80% of India's coal production, is seen supplying 620 million tonnes to the power sector in 2023-24, compared with a projected 580 million tonnes in 2022-23

Oil prices fall as concerns over higher interest rates crimp demand

Brent futures for March delivery fell 43 cents to $79.22 a barrel, a 0.5% drop, by 0522 GMT. U.S. West Texas Intermediate crude fell 36 cents, or 0.5%, to $74.27 per barrel

Private-equity firm Carlyle Group buys majority stake in India's VLCC

VLCC founders Vandana Luthra and Mukesh Luthra will continue to hold a significant stake in the company, Carlyle said

US FTC probes Pepsi, Coca-Cola over price discrimination, says report

The US antitrust law prevents large franchises and chains from engaging in price discrimination against small businesses