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India, Russia discussing free trade agreement, says Russia's deputy PM

Russia's Manturov was speaking at an event in New Delhi with India's foreign minister, S. Jaishankar, who said the South Asian country was in advance agreement for a bilateral trade treaty with Moscow

WTO panel rules against India in IT tariffs dispute with EU, others

The EU is India's third largest trading partner, accounting for 10.8% of total Indian trade in 2021, according to the European Commission

Apple CEO Tim Cook to meet PM Modi, IT minister amid India expansion plans

The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India

Nike, Adidas shoes maker Pou Chen to invest nearly $281 mn in India

The investment, which would create about 20,000 jobs in Tamil Nadu over a span of 12 years

Apple chief executive Tim Cook to meet PM Narendra Modi amid expansion

The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India

Russia's Gazprombank deepens ties with Indian banks for bilateral trade

Trade between India and Russia has surged since the West imposed sanctions against Russia for its invasion last year of Ukraine, which has altered flows of oil and other goods

State refiners post 8.4% rise in gasoil to 3.45 mn tonnes in April 1st half

Indian state refiners posted an 8.4% rise in sales of gasoil to 3.45 million tonnes in the first half of April compared with the same period last month, preliminary sales data showed

Merck & Co to buy Prometheus Biosciences for nearly $11 billion

The company, through one of its subsidiaries, will pay $200 per share for Prometheus Biosciences

G7 ministers set ambitious new targets for solar and wind capacity

G7 ministers finish two days of meetings on climate, energy and environmental policy in the northern Japanese city of Sapporo on Sunday

Sudan army, paramilitary clashes kill 59 civilians, including Indian

It was the first such outbreak since both joined forces to oust president Omar Hassan al-Bashir in 2019

Emmanuel Macron's controversial pension reform passes constitutional test

Macron and his government will hope such an outcome would discourage further trade union-led protests, which have at times turned violent

US retail sales post second straight monthly drop, factory output falls

Ebbing demand for goods is undercutting production at factories, with other data on Friday showing manufacturing production declining last month

New IT fact-checking unit will not censor journalism: Rajeev Chandrasekhar

A proposed Indian government unit to fact-check news on social media is not about censoring journalism nor will it have any impact on media reportage, a federal minister said on Friday

James Murdoch's Bodhi Tree cuts planned investment in Reliance JV Viacom18

A source familiar with the matter said the investment amount was reduced due to a broader funding squeeze amid a slowdown in dealmaking

Wage protests halt high-speed grocery deliveries at Zomato's Blinkit

Zomato in an email said it had introduced a new structure for riders that compensates them based on their effort and was engaging with them to reopen the shut stores

Citigroup's Q1 profit beats estimate on higher interest income from loans

The banking sector was jolted by the collapse of Silicon Valley Bank and Signature Bank last month, which wiped out billions of dollars in market value

Foreign exchange reserves jump to 9-month high to $584.76 bn: RBI data

That is an increase of $6.3 billion from the previous week

JPMorgan profit surges 52% in Q1 on back of robust consumer business

The bank's profit increased 52% to $12.62 billion, or $4.10 per share, in the three months ended Mar. 31

Investors put $538 billion into cash funds over eight week: BofA

BofA, citing EPFR data, said investors put $51.6 billion into money market funds in the week to Wednesday as the outsized flows continued

Opec+ output cuts may add to surging oil prices, IEA sees record high rates

Brent crude futures were up 22 cents, or 0.26%, to $86.31 per barrel at 1046 GMT. West Texas Intermediate crude futures (WTI) rose 21 cents, or 0.26%, to $82.37