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Apple supplier Foxlink halts production at Indian facility after fire

Management has estimated damage of 1 billion Indian rupees ($12 million) at the facility, he said, adding there were no casualties

Credit growth of banks accelerates 16.8% in December quarter: RBI

Indian banks' credit growth doubled to 16.8% in the October-December quarter from a year earlier, data released by the Reserve Bank of India (RBI) on Monday showed

Nissan raises global electrified car sales targets; to boost US input

Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal 2030, up from a previous goal of 50%

Adani rebuffs report of $400 mn fundraise against Australian assets

Australia's corporate regulator earlier this month said it will review the report that has flagged a wide range of concerns about the group led by billionaire Gautam Adani

SpiceJet restructures dues to Carlyle Aviation, to raise fresh capital

The airline will also transfer $65.5 million worth of compulsorily converted debentures of SpiceXpress and Logistics to Carlyle Aviation

Nissan Motor Co raises global EV target; to increase US localisation

Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal 2030, from a previous goal of 50%

Adani in talks for $400 mn debt against Australian coal port assets: Report

North Queensland Export Terminal, which is controlled by Adani family trust, is being considered to raise funds for the group, according to the report on Monday, citing sources aware of fundraising

Fabindia withdraws $482 million IPO due to rough market conditions

Fabindia said it has withdrawn its $482.43 million IPO due to rough market conditions, becoming the latest company to shelve listing plans as interest rate worries pressure stock markets

Twitter lays off 200 employees, nearly 10% of current workforce: Report

The layoffs on Saturday night impacted product managers, data scientists and engineers who worked on machine learning and site reliability, which helps keep Twitter's various features online

Berkshire Hathaway posts big loss in Q4, cash hoard swells to $130 bn

The Omaha, Nebraska-based firm found more value buying back its own shares, repurchasing $2.6 billion, and bought back about $700 million more in the first month-and-a-half of 2023

Twitter fires at least 50 in relentless cut on costs, says report

The job cuts impacted multiple engineering teams, including those supporting advertising technology

Nokia changes iconic logo for 1st time in 60 years, signals new strategy

The iconic blue color of the old logo has been dropped for a range of colours depending on the use

World Bank nominee's credentials will overcome selection criticism: Yellen

In an interview, Yellen affirmed her support for the longstanding tradition of the United States choosing the World Bank's leader and Europe choosing the head of the International Monetary Fund

Most G20 nations condemn Russia for Ukraine war but China stays silent

Russia, a member of the G20 but not of the G7, refers to its actions in Ukraine as a "special military operation", and avoids calling it an invasion or war

Delhi govt's decision to allow electric bike taxis to hit thousands: Uber

Uber Technologies Inc said on Friday plans by the local government in India's Delhi city to only allow electric vehicles to function as bike taxis would risk finishing off the sector

US nominee for World Bank president gets positive reviews at G20 meeting

The finance ministers of France and Germany gave positive reviews to Banga, nominated on Thursday by US President Joe Biden as a surprise choice to lead the World Bank's transformation

G20 tussles over Ukraine war as West steps up sanctions against Moscow

US Treasury Secretary Janet Yellen accused Russian officials at the two-day Group of Twenty (G20) meeting in the Indian city of Bengaluru of being "complicit" in war atrocities

Germany to pursue $5.2-billion deal with India to build 6 submarines

The Indian Navy also has two indigenous nuclear-powered submarines.

Oil prices drop as rising inventories offset Russian output cuts

Brent crude futures were down 57 cents, or 0.7%, at $81.64 a barrel by 1423 GMT, having risen by more than $1 earlier in the session

US dollar surges to seven-week highs after strong inflation data

Dollar climbed to seven-week peaks on Friday, after data showed US inflation accelerated while consumer spending rebounded last month