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Pfizer CEO rules out talk with China on generic Covid drug Paxlovid license

Bourla said the company had shipped thousands of courses of the treatment in 2022 to China and in the past couple of weeks, had increased that to millions

Jaguar Land Rover sees December quarter free cash flow above $485 million

The British automaker, in its earnings statement for the second quarter, had forecast a positive cash flow for the second half of fiscal year 2023 and "near breakeven" for the full year

Retail inflation likely remained steady at 5.9% in December, finds poll

The Jan. 4-9 poll of 45 economists put consumer price inflation at 5.90% in December from a year earlier, little changed from an eleven-month low of 5.88% in November

Power Ministry asks utilities to import 6% of coal requirement until Sept

Coal accounts for more than 70% of India's power generation, with coal-fired plants accounting for more than three quarters of India's use of the polluting fuel

Microsoft in talks to invest $10 bn in ChatGPT owner, says report

The funding includes other venture firms and will value San Francisco-based OpenAI at $29 billion

Google challenges CCI's Android antitrust ruling in Supreme Court

The challenge comes after Google suffered a setback on Wednesday when an appeals tribunal rejected its request to block the antitrust ruling

Gold hits eight-month peak as dollar slips on US Fed slowdown bets

Higher interest rates dim bullion's appeal as an inflation hedge and raise the opportunity cost of holding the non-yielding asset

India's fuel demand hits 9-month high in Dec due to uptick in PV sales

On a daily basis, consumption of gasoline rose marginally in December compared to the previous month

President Joe Biden visits US-Mexico border as immigration issue hots up

The visit seemed designed to showcase a smooth operation to process legal migrants

'India needs to invest up to $100 bn annually more for 2070 net-zero goal'

Companies in India are already investing $65 billion-$100 billion to cut carbon emission from existing and new capacities

Delivery time gets longer for some Tesla models in China after discounts

The waiting time for orders of the rear-wheel-drive and long-range versions of Model Y was a week longer on Monday than it had been on Friday, Tesla's website showed

Oil prices surge over 3% on demand optimism as China's borders reopen

Brent crude was up $1.96, or 2.5%, at $80.53 a barrel by 1450 GMT while U.S. West Texas Intermediate crude rose $2.10, or 2.9%, to $75.87

IDBI Bank gets domestic, global bids for stake sale, says Dipam secy

On Saturday, the government said it got multiple bids for the majority stake in IDBI Bank

Fixed income returns in India to surge, prompt higher investments: Analysts

Meanwhile, returns stagnated in 2020 and 2021 with low yields, after the pandemic led to massive rate cuts

European stock indexes rise on 'soft landing' hopes, China reopening

The euro was up 0.3% at around $1.0673, versus a 1.2% jump on Friday

Govt asks utilities to import 6% of their coal need until September

India's power ministry has asked utilities to import 6% of their coal requirement until September, according to letter seen by Reuters

Ocugen-Bharat Biotech Covid vaccine meets main goals in US trial: Report

Ocugen Inc said on Monday the COVID-19 vaccine developed by its Indian partner Bharat Biotech International Ltd met the main goals of a trial in the United States

Dollar slips near 7-month low after US jobs data; labour market still tight

Fed fund futures now show investors believe the most likely outcome for the Fed's February meeting is for a 25-basis point increase

Budget to be fiscally prudent without losing growth focus: DBS economist

DBS Bank expects the government to target a fiscal deficit of 5.8-5.9% of gross domestic product (GDP) in 2023/24 as against the 6.4% outlined for this financial year ending on March 31

India's thermal coal imports up nearly 15% in 2022, says Coalmint

Indian imports of petcoke, mostly used by cement plants, doubled to 9.77 million tonnes in 2022 as they were cheaper compared with coal, whose prices hit record highs following Russia's invasion