Page 760 - Reuters

India commits to help Sri Lanka on debt in prospective IMF program

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday

Blackstone in talks with Bain to sell $480 mn stake in top REIT: Report

A deal would mark US-based Bain's first REIT investment in India where office space is drawing in investors as many workers have returned to offices with the waning of the Covid-19 pandemic

TVS Motor Q3 results: Profit rises 22% to Rs 353 crore on price hikes

TVS', which operates in 80 countries including South Africa, Argentina and Sri Lanka, revenue from operations rose to Rs 6,545 crore from Rs 5,706 crore

Indian lenders expect pick up in retail deposits as interest rates rise

Currently, most large lenders offer deposit rates between 6.75% and 7.30% for 1-2 year deposits and between 5.75% and 7.25% for longer-term deposits

Oil prices steady as China reopening is balanced by economic concerns

A weaker US currency makes dollar-denominated commodities such as oil cheaper for buyers using other currencies

Dollar hovers near nine-month low against euro as yen bounces

Elsewhere, the dollar fell 0.4% to 130.18 yen, breaking a two-day rally

Egyptian President Abdel Fattah al-Sisi heads to India amid investment push

Egypt is trying to drum up foreign investment as it tries to manage a dollar shortage that has led to a sharp depreciation of the Egyptian pound

India's first green bond sale to command 'greenium' on strong demand

The government is expecting a green premium, or 'greenium,' on prices to push yields 5-10 basis points (bps) below sovereign bonds

India may peg nominal GDP growth at about 11% in upcoming Budget: Sources

The government expects nominal growth of 15.4% for the current fiscal year that ends on March 31

US dollar on back foot as euro nears nine-month peak, yen bounces

The dollar-yen pair declined to as low as 127.215, the weakest since May, in the run-up to the Bank of Japan's policy review last week amid rising bets for an end to stimulus

Wheat prices hit fresh record high following delay in stock release

According to government estimates, wheat output fell to 106.84 million tonnes in 2022 from 109.59 million tonnes a year earlier

Once science fiction, lab-grown meat coming to US restaurants this year

Executives at cultivated meat firms are optimistic that meat grown in massive steel vats could be on the menu within months after a company won the go-ahead from a key regulator

Maruti Suzuki to recall 11,177 Grand Vitara SUVs to fix seat belt defect

The company, which is majority owned by Japan's Suzuki Motor Corp, will report its results for the quarter ending Dec. 31 on Tuesday

Pakistan's national grid fails for the second time in three months

Energy Minister Khurrum Dastagir said the outage was caused by a large voltage surge in the south of the grid, which affected the entire network

Ford plans to cut 3,200 jobs in Europe; union says, 'vowing a fight'

Ford of Europe produces, sells and services Ford brand vehicles in 50 markets, employing around 45,000 people at its own facilities and consolidated joint ventures, according to its website

Wall Street rises as chipmakers lead tech shares higher; Nasdaq up 1%

Six of the 11 major S&P 500 sector indexes were up in early trading, with a 1.3% rise in tech stocks making them the biggest gainers

Shoppers Stop Q3 profit jumps 24% to Rs 63 crore on festive demand

Shoppers Stop's net profit rose to Rs 620.6 million ($7.63 million) for the quarter ended Dec. 31

India's crude imports hit 5-month high in December on cheap Russian supply

Russia continued to be the top oil supplier to India in December, shipping a record 1.25 million barrels per day (bpd)

Gold prices tick lower; growth concerns start weighing on white metals

Zero-yield bullion tends to do well in a lower interest rate environment

RBI orders SBM Bank to stop transactions under remittance scheme

The scheme allowed Indian residents to freely remit funds abroad up to $250,000 per financial year