Page 635 - Reuters

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

China's Xiaomi wins state planner nod to make EVs amid glut in autos

While NDRC's nod brings Xiaomi closer to mass production of EVs more than two years after it first announced the plans, the venture still needs clearance from the Ministry of Industry and Information

Blood and billions: Here's a look at the cost of Russia's war in Ukraine

Russia's expenditure on the war is a state secret, but it coincides with a major shock to the Russian economy from the toughest ever Western sanctions imposed after the invasion

Equinor inaugurates world's largest floating wind power farm in Norway

Its 88 megawatts of capacity will cover around 35% of annual power demand for five platforms at the Snorre and Gullfaks oil and gas fields in the North Sea, about 140 kms (87 miles) off Norway's west

Unpaid workers, silent sites: China's property woes hit Country Garden

We are all worried," said a labourer surnamed Wang, 50, who said he had stopped work at the Yunhe Shangyuan site last week

Traffic in Suez Canal remains unaffected after collision of two tankers

The two tankers were separated after the collision

S&P Global downgrades multiple US banks on growing liquidity worries

Borrowing costs globally have also surged, with the US Treasury yields hitting their highest in 16 years as the bond market rout entered its sixth week on Tuesday

July Russian oil imports dip; Saudi import down to 2-1/2-yr low: Trade data

India's overall imports also declined 5.2% from June to 4.4 million bpd oil in July, the data showed, as several refining plants are shut for maintenance during monsoon season

Pilots to unite to raise fatigue woes after colleague's pre-flight death

IndiGo, which operates 1,900 flights a day, said it has a comprehensive fatigue management system which tracks various parameters in line with international best practices

Stationery maker Doms files draft papers for $145 mn IPO with Sebi

Milan-listed FILA Fabbrica Italiana Lapis ed Affini SpA, which holds a 51% stake in the company, is selling shares worth Rs 800 cr

India not planning to restrict parboiled rice exports, clarifies food secy

Currently, there are no restrictions on the exports of parboiled rice, which constitutes nearly a third of India's total rice exports

Inflation pressures warrant government, central bank vigilance: FinMin

The ministry's comments come weeks after data showed retail inflation in July rose to its highest in 15 months, as vegetable and cereals prices skyrocketed

Explainer: Why are space agencies racing to the moon's south pole?

Here's what's known about the presence of frozen water on the moon - and why space agencies and private companies see it as a key to a moon colony, lunar mining and potential missions to Mars

North Korea signals reopening with first passenger flight in three years

Cargo train and ship traffic has slowly increased over the past year, but North Korea has only just begun to allow some international passenger travel

Banking system's liquidity slips into deficit for first time in FY24

Banking system liquidity stood at a deficit or 236 billion rupees ($2.84 billion) as of Aug. 21, according to RBI data

Subway nears $9.6 billion sale to Arby's owner Roark Capital: Report

A deal could be finalized this week, the report said, citing people familiar with the matter

Bloomberg LP names product head Vlad Kliatchko as new CEO: Report

JP Zammitt will become president and Patti Roskill will be the chief financial officer, the memo said, adding that the company will form a new board

Birics' development bank aims to issue first Indian rupee bond by October

The New Development Bank (NDB) issued its first rand bond in South Africa last week and could consider local currency issuance in members Brazil, Russia and United Arab Emirates

Global equities rise as traders await US Fed meeting, eye earnings

Wall Street opened higher. The S&P 500 gained 4.92 points, or 0.11%, to 4,374.63 and the gained 85.91 points, or 0.65%, to 13,376.69 by 10:56 a.m. ET (1456 GMT)

Moon landing anticipation builds for Chandyayaan-3 after Russia's crash

All systems on the spacecraft are working "perfectly" and no contingencies are anticipated on the landing day, the Isro said on Monday