Page 626 - Reuters

Tata Consumer Products in talks to buy at least 51% stake in Haldiram's

Tatas are, however, not comfortable with the $10 billion valuation sought by the snack maker

Top palm oil buyers expects 26% increase in imports to record 10 MT

Higher purchases by the world's biggest importer of palm oil could help to lower inventories in top producing Indonesia and Malaysia and support benchmark futures

Ind-Swift Labs to sell pharma ingredients ops to Synthimed Labs for $198 mn

Ind-Swift Labs will sell its active pharmaceuticals ingredients (API) and contract research and manufacturing services (CRAMS) business

Billionaires Mukesh Ambani, Gautam Adani set to attend G20 summit dinner

Among the 500 businessmen invited are Tata Sons Chairman N Chandrasekaran, billionaire Kumar Mangalam Birla, Bharti Airtel founder-chairman Sunil Mittal

India seeks additional natural gas volumes to boost power generation

The power ministry is advising states to expedite commissioning of all new power plants and operate gas-fired plants at full capacity, the note said

Foreign investors rush into Indian stocks as locals lie low: Analysis

India is not alone in drawing investors who are disenchanted with China's markets and an economy limping after years of pandemic lockdowns

RBI may extend incremental cash reserve ratio with tweaks: Bankers

"The I-CRR is acting as an indirect rate hike and, at best, the RBI could lower the limit taking into consideration tax outflows," a senior treasury official at a private bank said

Qantas CEO to depart early as airline looks to rebuild reputation

Over a decade and a half Joyce faced regular criticism for cutting jobs, including a 2011 decision to ground the entire Qantas fleet over an industrial dispute

China to launch new $40 bln state fund to boost chip industry: Report

Its target of 300 billion yuan ($41 billion) outdoes similar funds in 2014 and 2019, which according to government reports, raised 138.7 billion yuan and 200 billion yuan respectively

Meta to drop 'Facebook News' tab in some European countries this year

Meta has started blocking news on its Facebook and Instagram platforms for all users in Canada in response to a new law requiring internet giants to pay news publishers

Russia's oil price to India in July lowest since Ukraine war began

India received Russian oil at an average price of $68.09 per barrel in July, marginally down from $68.16 in June and sharply lower than $99.58 in July 2022

India remained top buyer of Russian Ural oil in Aug despite rising prices

Indian refineries said in August that the Urals discount to the dated Brent benchmark crude had narrowed too much, making them cut purchases of the grade in September

Will only agree an India trade deal that works for Britain: PM Sunak

"He said negotiations around a free trade deal were progressing and that he would only agree an approach which worked for the whole UK," his spokesperson told reporters

Weak global activity data sends US dollar to 6-month high, Aussie skids

The dollar climbed 0.63% against the yen to 147.42, its highest since November, and the dollar index, which tracks the greenback against six main peers, rose 0.56% to 104.75, its highest since March

World losing race to meet climate change commitments: COP28 president

The summit, which opened on Monday, is focused on mobilising financing for Africa's response to climate change

Govt may not issue green bonds this fiscal due to lack of premium

"The government is not very keen to issue green bonds because of a lack of premium for such issuances. It had hoped for over 20 basis points of premium in the first auction," said the official

SoftBank's Arm aims for over $52 bn valuation in biggest US IPO of the year

SoftBank is offering 95.5 million American depository shares of the Cambridge, United Kingdom-based company for $47 to $51 apiece and aims to raise up to $4.87 billion at the top of the range

Indian insurers tweak trading strategy as bond-swap spread widens

FRAs are agreements that insurers enter into with banks to lock in rates on long-dated bonds, helping them offer guaranteed returns to policyholders

RBI plans to widen use of wholesale CBDC in call money market: Official

India's CBDC is currently in a pilot phase across the retail and wholesale segments. The central bank has set a target of one million transactions a day by the end of 2023

Indian sugar production concerns drive local prices to 6-year high

This could add to food inflation and discourage New Delhi from allowing sugar exports, supporting global prices which are near their highest in more than a decade