Page 705 - Reuters

OPEC cites downside risk to summer oil outlook, holds demand forecast

Some members of OPEC+, which includes OPEC, Russia and others, announced new voluntary production cuts on April 2

India equity mutual fund inflows rise to 1-year high in March

The rise in inflows offset some of the pressure on markets, which witnessed sustained selling by foreign investors

NHB may issue 3-year bonds in April, Reliance plans 2-month CP, and others

In March, NHB raised Rs 1,900 crore through bonds maturing in three years and 10 days at a coupon of 7.77%, and this issue had a put and call option at the end of one year

Reserve Bank begins evaluating five potential bidders for IDBI Bank

Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those that have submitted expressions of interest, two of the people said, speaking on condition of anonymity

GAIL seeks LNG cargo for delivery to Dhamra terminal in May: Reports

GAIL (India) has issued a swap tender offering one liquefied natural gas (LNG) cargo for loading in the United States in exchange for another cargo for delivery to India, two industry sources said

India's merchandise trade deficit in March stood at $13.7 billion

That was lower than the $17.43 billion recorded in the previous month, and below the $18.30 billion forecast in a Reuters poll

'RBI's proposal to regulate bank penal charges could dent lenders revenues'

"We believe there could be some negative revenue impact for banks," Morgan Stanley analysts wrote in a research note

Passenger vehicle sales up 26.7% in FY23 as chip shortages ease: SIAM

Buying ahead of implementation of new fuel emission norms, and strong demand during the festival season also drove sales towards the end of the year

Apple in talks with suppliers to make MacBooks in Thailand: Report

According to the report, it has also been mass-producing its Apple Watch in Thailand for more than a year

Sovereign debtors, creditors agree steps to jumpstart debt restructurings

The meeting came amid ongoing delays in finalizing debt treatment agreements for Zambia, Ghana and Ethiopia under the G20 Common Framework

Japan, France and India to launch platform to coordinate Sri Lanka debt

Sri Lanka last month secured a $2.9 billion programme from the International Monetary Fund to tackle its suffocating debt burden and its worst economic crisis in more than seven decades

US consumer prices rise moderately in March; underlying inflation still hot

The Consumer Price Index (CPI) climbed 0.1% last month after advancing 0.4% in February, the Labor Department said on Wednesday

Cotton exports seen sliding, matching imports for first time in years: USDA

India's cotton exports are expected to slide sharply for 2022-23 and match imports into the top producer for the first time in about two decades on low domestic stocks among other factors, USDA said

TCS blames US financial crisis for weak fourth quarter results

"The quarter has come out weaker than what we originally anticipated and primarily coming out of North America," TCS CEO Rajesh Gopinathan said in a media conference

Swiss parliament rebukes Credit Suisse rescue by rival bank UBS

While the upper house had approved the government's contribution to the rescue package, parliament's lower, and larger chamber, pushed back again on Wednesday

NPR to quit Twitter after being labeled as 'state-affiliated media'

"We are officially deemphasizing Twitter across the organization," NPR said in a statement, adding that it had made the decision after Twitter refused repeated requests to remove the inaccurate label

Rupee in narrow range ahead of US inflation, Fed minutes

The rupee finished at 82.0775 per dollar compared with 82.1250 in the previous session

PhonePe raises another $100 mn to expand into lucrative lending space

With the latest round, PhonePe, India's most valuable payments firm with an estimated value of $12 billion, has raised $650 million across four tranches from its backers, including Tiger Global

RBI to extend rate pause through year-end, likely done hiking: Poll

The Reserve Bank of India will likely keep interest rates unchanged at least until the end of this fiscal year, a Reuters poll of economists showed

Rupee edges up as dollar softens ahead of US inflation data, Fed minutes

The rupee was trading at 82.0750 per dollar by 10:44 a.m. IST compared with 82.1250 in the previous session