Page 756 - Reuters

Sooner or later, US Fed may need technical tweaks for rate control toolkit

The Fed is widely expected to raise the target rate to 4.5% to 4.75% at Wednesday's Federal Open Market Committee meeting

Global factory activity contracts again in Jan, highlights fragile recovery

The latest figures come as central bankers gear up for another round of interest rate increases to combat high inflation

Gillette India Q2 profit rises 6% on strong demand for grooming products

Shares of the company ended about 0.3% lower on Wednesday and about 4% in 2022

Govt in touch with Sebi on Adani Group-Hindenburg row, says report

Adani Group has denied allegations on the use of tax havens and concerns on high debt levels made by short seller Hindenburg Research

Mahindra Logistics Q3 profit down 21.5% as costs rise; revenue up 17%

Mahindra Logistics also flagged weakness in its freight forwarding service due to a sharp drop in freight rates

Biocon sells 9.96% stake in contract research firm Syngene via open market

Bengaluru-based Biocon had in September 2022 sold a 5.4% stake in the open market, as per an exchange filing

Budget 2023: Oil companies will spend Rs 1.06 trn in next financial year

Nearly half of overall expenditure would be for refineries expansion and upgrade while about 44% will be used for exploration and production of hydrocarbons, the data provided in the budget documents

Britannia Industries' Q3 net more than doubles to Rs 932 cr on price hikes

Consolidated total revenue from operations grew 17.4% to Rs 4,197 crore for the reported quarter

India to see challenges in meeting fiscal glide path, says Fitch analyst

The government is targeting a budget deficit of 5.9% of GDP for 2023/24, while the deficit was 6.4% in 2022/23, according to revised estimates

India earmarks $3.7 billion for state oil companies' energy transition

"This Budget builds on our focus on green growth," finance minister Nirmala Sitharaman said in her budget speech

Gold prices edge down as traders strap in for US Fed policy decision

Gold tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion

Oil prices stable as market awaits Federal Reserve, OPEC decisions

WTI is trading in contango, which means front-month delivery contracts are trading higher than later deliveries, indicating current oversupply

Adani no longer Asia's richest person as stock rout deepens to $74 billion

Wednesday's stock losses saw Gautam Adani slip to 10th on Forbes rich list with an estimated $84.1 billion, just below rival Mukesh Ambani

UK set for biggest strike in years as teachers, civil servants walk out

Between June and November, more days were lost to industrial action than in any six months for over 30 years, according to official data

Pakistan's economic turmoil moves toward deal-or-default endgame: Analysis

A devaluation of 15% in the Pakistani rupee and a rise last week in fuel prices could help eliminate some key snags, particularly as tax measures are apparently imminent

Currencies take a breather as investors await US Fed interest rate decision

After a series of jumbo rate hikes in 2022 to tame inflation, the market is all but certain of a 25 basis points (bps) increase in interest rates later on Wednesday

Markets 'overpricing' banks' risk from Adani exposure: Societe Generale

India's banking sector has been one of the hardest hit by the collateral damage from the sharp correction in the Adani group stocks over the past week post the Hindenburg report: SocGen

Rupee poised to inch up on fall in US yields; budget, Fed outcome eyed

The rupee is expected at around 81.75-81.80 per U.S. dollar at open, compared with 81.92 in the previous session

Jindal Steel and Power says enquiries from European buyers on rise

We did see some increase in the order book and a lot of enquiries (from Europe): Bimlendra Jha, managing director of Jindal Steel and Power

Asia's factory activity contracts despite China easing Covid curbs

China's factory activity shrank more slowly in January after Beijing lifted tough Covid curbs late last year, a private sector survey showed