Page 690 - Reuters

Three Adani firms consider raising up to $5 bn after $2.5 bn share sale

The three companies said on Wednesday they were holding board meetings on Saturday to consider proposals to raise funds. They did not disclose how much they intended to raise

Siemens India arm's profit jumps 39% on strong order book

Siemens Ltd, the Indian arm of German engineering company Siemens AG, reported a near-39% rise in quarterly profit, helped by a boost in infrastructure spending in the country

'Risky jurisdiction': Aircraft lessors raise alarm over Go First crisis

SMBC, along with firms such as Jackson Square Aviation and Bank of China Aviation, raised the alarm after a tribunal gave Go Airlines (India) Ltd bankruptcy protection to allow it to revive itself

Sterling trims drop after BoE hike, China's data sends dollar higher

The BoE raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday as expected by a Reuters poll, taking borrowing costs to their highest since 2008

Bank of England raises interest rates to 4.5% as inflation slow to fall

The BoE forecast the economy would grow 0.25% this year - compared with its February prediction of a 0.5% contraction

Dr Lal PathLabs reports decline in profit for quarter ending March

Dr. Lal PathLabs Ltd on Thursday reported a sixth consecutive fall in quarterly profit as a continued slide in income from Covid-related testing outpaced growth in its core business

Asian Paints posts 45% rise in Q4 profit on strong demand, easing costs

Asian Paints dominates nearly half of the domestic paints sector, and the decorative paint segment accounts for about 80% of the company's revenue

Go First's bank loans to be classified as 'bad', but has strong collaterals

The Indian central bank's rules for handling substandard assets says banks have to provision for at least 15% of total outstanding loans on secured assets in the first 12 months

Go First needs to raise funds: Resolution professional tells staff

Go Airlines will need to raise funds to revive the bankrupt company amid plans to keep it as a going concern, the recently appointed resolution professional informed staff on Thursday

Hyundai to invest $2.45 bn in Tamil Nadu for EV production over next 10 yrs

Hyundai, through its Indian subsidiary Hyundai Motor India, will also set up a battery pack assembly unit with an annual capacity of 178,000 units and install 100 EV charging stations across the state

Income Tax officials search Mankind Pharma's New Delhi office: Report

India's Income Tax Department is conducting searches at Mankind Pharma Ltd's office in New Delhi, a government source told Reuters on Thursday, days after the condom maker's successful public listing

India to allow duty free imports of sunflower, soyoil until June

Earlier this year, the world's biggest importer of vegetable oils scrapped a duty-free imports quota of 2 million tonnes of crude sunflower oil and soyoil for the this fiscal started on April 1

China's slow consumer inflation, deepening deflation to test policy

The consumer price index (CPI) in April rose 0.1% year-on-year, the lowest rate since February 2021, and cooling from the 0.7% annual gain seen in March, the National Bureau of Statistics (NBS) said

EU proposes tougher cybersecurity labelling for Amazon, Google, MS

While the new provisions underscore EU concerns of interference from non-EU states, they are likely to spark criticism from US tech giants worried about being shut out from the European market

US consumer inflation eases to 4.9% in April after advancing 5% YoY in Mar

The Consumer Price Index (CPI) rose 0.4% last month after gaining 0.1% in March, the Labor Department said on Wednesday

Adani Enterprises to hold board meeting to approve proposal to raise funds

Adani Enterprises Ltd said on Wednesday that the company's board will hold a meeting on May 13 to approve a proposal to raise funds

Consumption of consumer goods in rural India back on growth track in Q1

The consumption of consumer goods in rural India returned to growth after more than a year in the March quarter and is expected to grow for the rest of the year

JSW Infra files for $342 mn IPO to cut debt, fund capital expenditure

JSW Infrastructure has filed for an IPO worth up to 28 billion rupees ($342.4 million), it said in a draft prospectus on Wednesday

India sets deadline of 2035 to establish green hydrogen bunkering

By Nidhi Verma

Escorts Kubota posts drop in Q4 profit to $22.6 mn on higher expenses

Escorts Kubota reported a fall in its fourth-quarter profit on Wednesday, hurt by increased commodity prices, and unseasonal rains in March