Page 630 - Reuters

Adani family's partners used 'opaque' funds to invest in its stocks: OCCRP

Citing review of files from multiple tax havens, internal Adani Group emails, OCCRP said investigation found at least 2 cases where investors bought and sold Adani stock via offshore structures

J&J, Lupin cut prices for tuberculosis drug in lower-income countries

The drug will be available at lower prices through the Stop TB Partnership's Global Drug Facility, which is the largest procurer of TB treatments

India allots rice export quotas to Bhutan, Singapore, and Mauritius

Last month, India surprised buyers by imposing a ban on exports of widely consumed non-basmati white rice, following a ban on broken rice exports last year

PhonePe forays into online stock broking as it expands its services

The platform will charge users an onboarding price of 199 rupees, while there will be no charge for trades of up to 400 rupees, the company said in a statement

India will buy oil from anyone who offers lowest prices: Hardeep Singh Puri

India, the world's third-biggest oil importer and consumer, gets more than 80% of its oil from overseas

Palm oil futures edges up on supply concerns amid India festive demand

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange strengthened 7 ringgit, or 0.18% to 3,937 ringgit ($849.22) per metric ton by the midday break

10-year bond's yield falls during early trade, following US bonds decline

The benchmark 7.26% 2033 bond yield was trading at 7.1611% as of 10:15 a.m. IST, after ending the previous session at 7.1880%

Inflation will remain steady in coming months, growth on track: FinMin

Food price inflation rose to 11.5% in July, its highest in more than 3-1/2 years, while India is set to receive its sparsest monsoon rains in eight years

Oil rises as dollar falls, US braces for Hurricane Idalia impact on energy

U.S. West Texas Intermediate futures rose $1.07, or 1.3%, to $81.17 a barrel by 1:42 p.m. EDT [1742 GMT], while Brent crude futures were up by 98 cents, or 1.2%, to $85.40 a barrel

Google unveils enterprise artificial-intelligence tech, new AI chip

The flurry of announcements is part of Google's recent effort to showcase its AI plans, after Microsoft caught the company off guard with an ambitious AI strategy it has been rolling out since last yr

Japan at 'inflection point' in 25-year battle with deflation, says govt

The report stopped short of saying Japan has fully eradicated the risk of deflation returning, pointing to a "still moderate pace" of increase in services prices

Goldman Sachs plans to exit part of its wealth business, bets on HNIs

Move in line with strategy shift that began after Solomon restructured the firm

Tata Motors, Mahindra gain certificates for production-linked payouts

Indian automakers Tata Motors and Mahindra and Mahindra have received domestic value certificates, a metric key to qualifying for payouts under the nation's production-linked incentive scheme

Crude oil ticks up as supply concerns outshine macroeconomic jitters

The jitters follow a fire at a Marathon Petroleum refinery last week, after a chemical leak ignited two giant storage tanks filled with volatile naphtha

Rice shipments of 500,000 tonnes postponed after new duty: Exporters

Indian exporters were offering 5% broken parboiled variety last week at $450-$455 per metric ton, but since then have raised prices to a record $520, exporters said, up nearly 40% from a year ago

Escorts Kubota mulls sale of railway equipment unit to focus on tractors

Its railway equipment business makes brake systems, couplers, suspension systems, friction and rubber products. It accounted for 10% of Escorts Kubota's revenue in fiscal 2023, but clocked 32% YoY

Byju's business head Prathyusha Agarwal resigns amid reorganisation

Agarwal had joined Byju's in February 2022 from Zee Entertainment Enterprises. Two other business heads - Himanshu Bajaj and Mukut Deepak - have also left, the company

Disney gambles on free cricket to turn the tables in India streaming war

The India streaming operations, which were Disney's biggest last year globally by users, posted a loss of $41.5 million on revenue of $390 million for the year to March 2022, its last disclosed result

India on track for lowest monsoon rains in eight years, says report

Weather authorities are expected to announce their September forecast on August 31

Running for Prez, China can't threaten me: Foxconn founder Terry Gou

Earlier this year, Gou made a second bid to be the KMT's candidate for the presidential election, but the party chose instead Hou Yu-ih, the mayor of New Taipei City