Reuters

Soufflet Malt to invest $118 mn in new India facility amid high beer demand

Soufflet Malt's push in emerging markets contrasts with restructuring in Europe, where it faces declining beer consumption

India's flash PMI rises to 59.3 in February on strong manufacturing growth

The improvement was supported by robust total new orders which rose at he quickest pace since November

Novartis to sell majority stake in India unit in ₹1,446 crore deal

The consortium will offer ​Novartis India's ‌public shareholders ₹860.64 per share, ‌an exchange filing showed, representing a 3.6 per cent ‌premium to ​its closing ​price on Thursday

Indonesia signs trade deal with Trump admin, tariffs slashed to 19%

Indonesian coffee, chocolate, natural rubber and spices would be tariff-free, the Jakarta government said

Oil prices rise to 6-month high as Trump puts time limit on Iran stand-off

The major oil producer lies opposite the oil-rich Arabian Peninsula across the Strait of Hormuz, through which about 20 per cent of global oil supply passes

Nestle in talks to sell ice cream business as overhaul gathers pace

Nestle had already handed the reins of its European and US ice cream units to Haagen-Dazs owner Froneri, a joint venture it established with European buyout firm PAI Partners in 2016

US gives IEA one-year deadline to drop net zero focus or they'll quit

The Paris-based IEA was formed after the 1970s oil supply crisis and provides research and data to the US and other industrialised governments to guide energy policy

Meaningful deal in 10 days or 'bad' things will happen: Trump warns Iran

"Otherwise bad things happen," Trump, who has repeatedly threatened to attack Iran, told the first meeting of his Board of Peace in Washington

ECB chief Lagarde tells colleagues rumoured early resignation not imminent

Recipients of the message said this indicated that Lagarde did not want to leave the ECB immediately but she did not firmly close the door to such a step either

Brokers seek six-month pause on RBI curbs on bank lending, document shows

A six-month pause would give market ‌participants time ​to submit feedback, ​conduct impact assessments and engage in constructive consultations, according to the letter

Tata signs OpenAI as 1st customer for data centre under Stargate initiative

The deal is a major boost for TCS, which in a strategic shift last year ‌disclosed plans to invest up to $7 billion in a 1 gigawatt data centre unit in India

Asian shares get tech lift as Iran, rate uncertainty loom over markets

Trading was ​thinned in Asia with markets in Hong Kong, China and Taiwan closed for the Lunar New Year holiday, but MSCI's broadest ‌index of Asia-Pacific shares outside Japan was up 0.5 per cent

Bharat Petroleum, HPCL Mittal buy Venezuelan oil amid crude sourcing shift

The crude was bought in two separate deals and will be co-loaded on a very large crude carrier to cut shipping costs, lifting India's Venezuelan imports to at least 6 million barrels through April

Big Food pours millions into rebrands as obesity drugs reshape US demand

Peter ter Kulve, CEO of Magnum Ice Cream, said GLP-1 users continue to eat treats, but they exhibit "a stark reduction of mindless munching and binge eating"

US scraps rule that granted electric vehicles higher fuel economy credits

The DOE said it had concluded that the fuel content factor was "unlawful" and was issuing a rule to immediately remove it from fuel economy calculations

Markets calm as ECB President Christine Lagarde's exit buzz grows

An ECB spokesperson said Lagarde was focused on her job and had not taken any decision regarding the end of her term

Oil edges up after 2% drop as focus turns to US-Iran negotiations

Political consultancy Eurasia Group said in a Tuesday note ‌to clients that it thinks there is a 65 per cent probability of U.S. military strikes against Iran by the end of April

India allows limited Chinese equipment imports for key sectors

The Indian Sugar & Bio-Energy Manufacturers Association (ISMA) has forecast output at 30.95 million tons for the year

India allows limited Chinese equipment imports for key sectors

This is the first significant easing of ‌five-year-old curbs that have largely shut Chinese firms out of India's $700 billion-$750 billion government contract market

French major Valeo plans to invest $236.7 million to expand sales in India

Valeo said it would be investing more than $236.7 million in the coming years to expand its presence in India