Page 694 - Reuters

Adani Ports completes sale of Myanmar port for a discounted $30 million

Adani Ports and Special Economic Zone Ltd said that it has completed the sale of its port in sanction-hit Myanmar for $30 million, significantly lower than its investment in the project

Tata Steel CEO Narendran expects Europe ops to improve from July-Sept

Europe is still struggling but things are getting better because energy prices have come down, T.V. Narendran told Reuters in an interview

India, Russia suspend negotiations to settle trade in rupees: Report

India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers

India to become 50% non-cash economy in consumption in 3 years: Report

Market borrowings by India's state governments are likely to be lower than the amounts indicated in their budgets, as off-balance sheet liabilities will continue to be adjusted in this fiscal year

India's exports may hit $900 bn despite global headwinds in FY24: Exporters

Merchandise exports could expand to between $495 billion and $500 billion, while services exports could touch $400 billion in the year ending March 2024

'Plagiarism machines': Writers, studios battle over future of AI

The Writers Guild of America (WGA) is seeking to restrict the use of artificial intelligence in writing film and television scripts

European Union envoys seal deal on joint ammunition buying for Ukraine

Sweden, current holder of the EU's rotating presidency, said the decision "to support the Ukrainian Armed Forces through $1.10 billion for joint procurement of ammunition and missiles"

Oil extends loses by 5%, falls below $73 a barrel; Brent futures dips 3%

Both benchmarks closed at their lowest since late March in the previous session, when they also recorded their biggest one-day percentage declines since early January

Indian-origin Ajay Banga confirmed as next president of World Bank

Ex- Mastercard CEO Ajay Banga to a five-year term as World Bank president

India's 10-year bond yield falls to 1-year-low ahead of Fed rate decision

Madan Sabnavis, Chief Economist, Bank of Baroda said Bond yields have come down sharply due to factors like Sudden demand for bonds by HDFC group ahead of merger

No-frills carrier Go First extends booking hold-up; NCLT plea today

Lenders' meeting on the crisis remains inconclusive, to resume today

Indian Oil to recoup $61 million of fuel sales bill from Go First

By Nidhi Verma and Siddhi Nayak

Tata Chemicals Q4 profit surges 62%, driven by strong soda ash demand

India's Tata Chemicals Ltd posted a 62% jump in fourth-quarter profit on Wednesday, helped by demand for products such as soda ash, bicarbonate and salt

Multiples Alternate announces $640 million first close of PE fund

Indian private equity firm Multiples Alternate Asset Management on Wednesday announced the first close of a $640 million fund aimed at investing in domestic companies

Gold firms up above $2,000 level amid volatility as Fed verdict nears

By Arundhati Sarkar

Brookfield, Tata Group in talks to invest in upcoming IPO of Nexus Malls

By M. Sriram and Rama Venkat

Godrej Properties sees 15% rise in FY24 bookings value after Q4 profit jump

The company expects bookings of 140 billion rupees for the current fiscal, higher than the 123.32 billion rupees in fiscal 2023, which beat its own forecast

Go First saga: The engine dispute at the heart of bankruptcy filing

In India alone, IndiGo and Go First, among the biggest customers for the A320neo planes, grounded as many as 12 planes at one point, and cancelled dozens of flights

Go First owner Wadia Group has no plans to sell its stake in airlines: CEO

By Tanvi Mehta, Chris Thomas and Dhanya Skariachan

Blackstone backed Nexus Malls sets IPO price band at Rs 95-100 per unit

India's Nexus Malls, Blackstone Inc-backed mall real estate investment trust portfolio, has set price band for its 32 billion rupees initial public offering at 95 rupees to 100 rupees per unit