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India extends $1 billion credit line to crisis-hit Sri Lanka by a year

The credit line, part of about $4 billion in emergency assistance extended by India during the peak of Sri Lanka's financial crisis early last year, was scheduled to end in March

Japan's Mitsubishi Electric to build plant in Tamil Nadu for $231 million

The Indian arm of Japan's Mitsubishi Electric Corp said on Tuesday that it will invest 18.91 billion rupees ($231.2 million) to set up a manufacturing facility in the southern state of Tamil Nadu

Govt bailout of Go First unlikely unless engine issue resolved: Dy Minister

Deputy Aviation Minister VK Singh said the government has offered help to US-based Pratt & Whitney

Adani Ports to pay $130 mn of debt early, $413 mn debt tendered for payment

Adani Ports had floated a tender of up to $130 million of 3.375% 2024 maturity dollar-denominated bonds late last month

Prez Joe Biden wants airlines to pay passengers in US for lengthy delays

The US Department of Transportation did not specify how much cash it aims to require airlines to pay passengers for significant delays

Russia has again halted the Black sea grain deal, says Ukraine

Russia launches 'biggest' kamikaze drone attack

Blackstone's delisting offer for India's R Systems International fails

The US investment fund failed to draw enough interest from public shareholders

Bain Capital seeks to raise $4 bn for new global special situations fund

Bain Capital kicked off the fundraising at the start of the year and has already raised about $2 billion for the new fund, said the sources, who requested anonymity

Banking system sheltered from wider sector turmoil seen globally: FSDC

FSDC considers the country's banking system to be protected from any spillover from issues in the sector globally, country's economic affairs secretary said

India's diesel sales soar, overall fuel consumption eases in April

Consumption was down to about 18.41 million tonnes from 18.45 million a year ago

HSBC agrees to buy its China fund management joint venture partner

HSBC, which currently owns a 49% stake in HSBC Jintrust Fund Management, has signed an agreement with Shanxi Trust under which the Chinese state-owned company will sell its 51%

UPL's profit declines by 42% in March quarter as raw material costs surge

The Mumbai-based company's revenue from operations rose 4.5% to 165.69 billion rupees, with its Latin American operations raking in about 39% of the total revenue

Oil Ministry panel proposes ban on 4-wheeler diesel vehicles by 2027

By Nidhi Verma

Go Airlines asks firms's tribunal to urgently pass order on bankruptcy plea

Go Airlines asked country's company law tribunal to urgently pass an order on its insolvency plea, citing lessors' efforts to take back planes, per the court hearing

Russia's Wagner group appears to do U-turn on Bakhmut withdrawal

Elsewhere, Ukrainian and Russian media reported explosions across Russian-occupied Crimea

TPG-backed RR Kabel files for IPO to raise up to $27.5 million

Indian wire and cable maker RR Kabel Ltd., backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to $27.53 million

Temasek considers investing $100 million in jeweller BlueStone: Report

The potential deal could boost BlueStone's plans to expand aggressively in India, the second-largest jewellery consuming nation behind China, as demand surges after the pandemic

Inflation slightly above 'tolerance limit', govt working to control it: FM

India's annual retail inflation for March rose at the slowest pace in nearly 15 months

MSCI to lower free float of two Adani companies in its May index review

MSCI now sees the Adani Total Gas' free float at 14% and Adani Transmission at 10%, from 25%

AI's threat to world may be 'more urgent' than climate change: Pioneer

He added: "With climate change, it's very easy to recommend what you should do. If you do that, eventually things will be okay. For this it's not at all clear what you should do"