Page 634 - Reuters

Sandwich chain Subway agrees to sell itself to Arby's owner Roark Capital

Roark beat out a late challenge from a rival bidding group led by TDR Capital and Sycamore Partners, which also submitted a final bid of more than $9 billion

RBI's MPC to closely monitor food price spike to gauge inflation impact

The MPC, which has three members from the central bank and three external members, kept the repo rate unchanged at 6.50% in an unanimous decision

Brics' bank can finance African countries to tackle urgent challenges

Bank's president Dilma Rousseff also pointed to the need for joint infrastructure projects between several countries, noting that Africa has the world's greatest untapped hydroelectric potential

Indian banks' dividend to rise to at least 7-year high in FY24: S&P report

Banks will likely account for 13% of the aggregate dividend payout across all sectors this fiscal year ending March 31, up from 12% and 9% in the previous two financial years, per the report

Oil down on weak economic data, US Fed chief's speech in spotlight

Brent crude fell 19 cents, or 0.2%, to $83.02 a barrel by 0619 GMT, while U.S. West Texas Intermediate crude dropped 24 cents, or 0.3%, to $78.65 a barrel

Diesel exports to Singapore set for highs in Aug, drop for Europe: Trade

India is on track to ship between 330,000 and 439,000 tons of diesel in August to Singapore, shiptracking data from Refinitiv, Vortexa and Kpler showed

Everstone Capital exits SJS Enterprises by selling remaining 29.5% stake

The stake was bought by investors including some Indian mutual funds, an Everstone spokesperson said, adding that the firm made $66 million from the sale

Economic data in Europe gets worse, ECB interest rate pause on cards

Wall Street futures also pointed to a bounce having been pressured on Tuesday by higher bond yields, which hit 16-year highs

Dollar slips as data shows economy near stalling point, growth at weakest

The U.S. dollar index - which measures the currency against six major counterparts - was down 0.06% at 103.53

Oil down 1% as weak US gasoline demand offsets big draw in crude stocks

Prices bounced off session lows as investors noted a much larger-than-expected draw in U.S. crude stocks

India Post Payments Bank plans to double income in FY24: MD Venkatramu

India Post Payments Bank (IPPB) reported a net profit of 200 million rupees in 2022/23, Venkatramu said, as compared with a loss of 1.6 billion rupees in the previous year

Vegetable price inflation to decline from Sept, says RBI Governor Das

He said despite core inflation in the country remaining elevated, the steady easing seen in the last few months indicates that monetary policy transmission is happening

These Chandrayaan-3 linked firms gained ahead of successful moon touchdown

The mission received heightened attention after Russia's Luna-25 mission failed less than a week earlier

India likely to present incentives for ailing textile by Dec: Trade body

Earlier this month, govt officials reviewed the PLI scheme, launched in 2020, under which govt proposed to offer around Rs 2,400 crore in cash incentives to 14 sectors

Govt set to ban sugar exports from October for first time in 7 years

India allowed mills to export only 6.1 million tonnes of sugar during the current season to Sept. 30, after letting them sell a record 11.1 million tonnes last season

Blue-chips rise on financials boost; small, mid-caps hit fresh highs

The Nifty 50 index settled 0.25% higher at 19,444, while the S&P BSE Sensex gained 0.33% to 65,433.30

RBI asks some banks to stop taking fresh arbitrage positions in NDF market

"The RBI has told us not to take new outright arbitrage positions," a senior trader at a private sector bank said

India's retail inflation surges on food prices in challenge to Modi govt

Food inflation, which accounts for nearly half of the overall consumer price basket, hit a staggering 11.51% in July as compared with a revised 4.55% in June

From Jio Financial to Zerodha, Indian mutual fund managers going 'passive'

Fund houses have launched 23 passive funds so far this year, half the 45 launched in 2022 and well above 10 in 2019, data from Value Research shows

Goldman sees India IT growth pick up in medium-term; initiates coverage

"Indian IT services companies have doubled their market share in the last 10 years," analysts at Goldman Sachs led by Manish Adukia wrote in a note dated Tuesday