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Panasonic to sell entire stake in autos biz to Apollo Global Management

Panasonic said it will also acquire a 20% stake in Star Japan Holdings, the company which will own the new parent company of PAS

Force Motors to shut down its agricultural tractors business from March 31

In financial year 2023, the sale of agricultural tractors accounted for 3.66% of the company's total revenue, Force Motors said

Fed's balancing act could see rate cut in play even with sticky inflation

Others see a slowing economy and weakening job growth on the horizon, pushing the Fed to cut in order to support the labor market

Centre mandates weekly reporting on wheat stocks to prevent hoarding

India had imposed a limit on how much wheat stock traders could hold to moderate prices. However, the limit is set to expire on March 31st and after that, traders must declare their wheat stocks

India keen on trade deals with UK, Oman in PM Modi's probable next term

Modi has asked Indian ministries to set annual goals for the next five years that will fit into a 100-day action plan as he chalks out a strategy to fuel further growth in Asia's third-largest economy

Ukraine requests India to reconsider 'Soviet legacy' of Russia ties

Ukrainian foreign minister has urged India to support it in its war against Russia. India-Russia ties are based on Soviet legacy that is evaporating, he said

Swiggy records $200 million loss in nine months to December 2023: Report

The document showed that losses stood at 17.3 billion rupees $207 million during April to December 2023 - the first nine months of fiscal year 2023-24

Adani Energy mulls borrowing up to $600 mn for smart meter projects

The Indian power distribution company is in talks with a group of global lenders, with the foreign currency loan's tenor likely to be around three to five years, the report added

India to send delegations to Chile seeking lithium and copper assets

Chile is a key target as it is the world's biggest supplier of copper and the second-biggest producer of lithium, which are essential for electric vehicle batteries and renewable energy systems

Strong economy, steady inflows power Nifty to best fiscal since 2021

India's growth has also outpaced its Asian peers, with the domestic economy speeding towards growth of 7.6% in fiscal 2024, the fastest among large economies

UK's Thames Water faces new crisis as shareholders refuse to invest

The group has become a poster child for the failures of privatisation, after its performance deteriorated in the 2010s when its previous investors took out huge dividends

China lifts tariffs on Australian wine, ends three years of punitive levies

Ties have improved significantly since last year, leading China to steadily lifting trade hurdles on Australian goods, including barley and coal

More than 20% of global oil refining capacity is at risk of closure

About 30 European refineries have already shut down since 2009, data from industry body Concawe shows, with nearly 90 still in operation

UBS still examining the risk of misstatement in Credit Suisse's books

A "material weakness" in how Credit Suisse reported its numbers could signal a significant misstatement in the financial statements

China's WuXi AppTec sent US client's data with Beijing: US intelligence

Hong Kong listed Wuxi shares pared earlier gains of nearly 5 % to trade 1% higher, while Shanghai-listed shares were up 0.4%

Russia will not attack Nato, but F-16s will be shot down in Ukraine: Putin

The Kremlin, which accuses the U.S. of fighting against Russia by supporting Ukraine with money, weapons and intelligence, says relations with Washington have probably never been worse

Malaysia to request additional 500,000 MT of white rice from India

According to state-run rice importer Bernas, Malaysia's annual rice consumption is 2.5 million metric tons, with an average imported supply of 750,000 tons

Toyota's global sales slip 7% in Feb, led by slumps in China, Japan

Sales in China - the world's biggest auto market - tumbled 36%. This year the week-long Lunar New Year holiday took place in February while last year it occurred in January

FTSE Russell defers India's inclusion in govt bond index due to taxation

Indian bonds have seen foreign inflows of nearly $10 billion over the last six months

ICICI Securities delisting gets nod, setting up merger with ICICI Bank

Among public institutional investors, which own a total 16.68 per cent in the company, 83.8 per cent voted in favour of the delisting