Page 821 - Reuters

Quash Pernod bid to halt lawsuit against $244 mn tax demand: Govt to court

Oct 3 Mumbai court filing by India's customs authority underlines growing dispute between PM Modi's government and Pernod's local unit over how the company valued some of its imports for over a decade

India to examine price cap proposal for Russian crude: Hardeep Singh Puri

India will examine the price cap on Russian oil proposed by the West, oil minister Hardeep Singh Puri said on Wednesday.

India's Nocil Ltd expects stronger sales as buyers pursue China Plus One

In the last two years, Nocil's profit grew more than five-fold to 664.8 million Indian rupees ($8.07 million)

Nestle India's profit rises 8.3% to Rs 668 cr in Q2, tops estimates

The Maggi noodles maker's profit rose 8.3% to Rs 668 crore ($81.1 million) in the quarter ended Sept. 30

Concern about climate change shrinks globally as threat grows: Study

Only 20% of people in China, the world's biggest polluter, said they believed that climate change was a very serious threat, down 3 percentage points from the previous poll in 2019

India-Russia JV hopes for $5 bn in supersonic missile exports by 2025

The joint venture, with a 50.5% Indian and 49.5% Russian partnership, fits into PM Modi's flagship make-in-India programme

Oil prices stable as fears of economic slowdown offset supply woes

Oil prices were stable on Tuesday as the market balanced cuts to OPEC+ production quotas against fears of economic slowdown

Oil prices fall more than 3% on US supply fears, lower China demand

Oil prices fell by more than 3% in volatile trade on Tuesday on fears of higher US supply amid an economic slowdown and lower Chinese fuel demand

British PM Liz Truss vows to carry on as her party support dwindles

After weeks of blaming 'global headwinds', Truss on Monday said she was sorry for going 'too far and too fast' with her radical economic plan to snap Britain out of years of tepid growth

Lafarge pleads guilty to supporting Islamic State, will pay US $778 mn

The admission in Brooklyn federal court marked the first time a company has pleaded guilty in the United States to charges of providing material support to a terrorist organisation

Wall St up as Goldman results keep optimism alive, rising yields cap gains

The benchmark 10-year Treasury note reversed early declines to rise for the fourth straight day, while big technology and growth names like Apple Inc, Amazon.com and Nvidia Corp cut back gains

Dollar edges up but gains under check as global risk appetite rebounds

The US dollar edged higher against a basket of currencies on Tuesday, shaking off some of the weakness of the previous session

RBI's 2013 playbook to rebuild forex reserves unlikely to work: Analysts

The FCNR deposits route might not be as effective this time around for reasons like a narrower US-IN rate spread and less aggressive rate hikes in this cycle versus back in 2013, says an analyst

BoE says report of another delay of its bond sales is 'inaccurate'

Financial Times said the BoE was likely to push back the start of its quantitative tightening gilt sales from a scheduled date of Oct 31, having already delayed it from Oct 6

Govt must set moderate divestment targets, says DIPAM Secretary

Last fiscal year, the government raised just over Rs 13,500 cr from the sale of stakes in state-owned firms, a fraction of its target of Rs 1.75 trn and missing its divestment goal for a third straigh

Copper prices weaken on worries over China and global slowdown

Copper has given up 30% since touching a record peak in March but has largely held in a range between $7,200 and $8,000 since the end of August

Q3 results: Johnson & Johnson beats estimates on demand for cancer drug

The company said it expects some impact of inflation to ease next year but higher costs of inventory manufactured in 2022 could weigh on 2023 profit

Goldman Sachs unveils business revamp as third-quarter profit falls

Profit applicable to common shareholders fell to $2.96 bn, or $8.25 per share, in the quarter ended Sept. 30, from $5.28 bn, or $14.93 per share, a year ago

India cotton output seen rising 12% on bigger crop area, says trade body

India is likely to produce 34.4 million bales of cotton in the 2022/23 season that started on Oct. 1, up 12% from a year ago after farmers expanded the crop area, a trade body said on Tuesday

Gold prices firm as US dollar slides; rate-hike concerns cap upside

Gold prices rose on Tuesday as a weaker dollar lifted bullion's appeal for overseas buyers, although risks from interest rate hikes by the U.S. Federal Reserve limited further gains