Page 875 - Reuters

5G auction day 5 concludes, will continue for few more days: Vaishnaw

Reliance Industries' Jio, rivals Bharti Airtel and Vodafone Idea, as well as billionaire Gautam Adani's Adani Enterprises Ltd were all among the bidders for 5G airwaves

PM Modi asks states to clear payments to electricity distributors

Prime Minister Narendra Modi on Saturday urged state governments to clear their bills and dues to power distribution firms to help ensure stability in the energy sector

SpiceJet lessor asks DGCA to de-register three planes amid high costs

A Dubai-based lessor of SpiceJet Ltd has asked India's aviation regulator to deregister three of the budget airline's planes as SpiceJet struggles with high costs and maintenance challenges

YES Bank to raise $1.1 billion via stake sale to US private equity firms

Yes Bank Ltd said on Friday it will sell up to 10% stake to U.S. private equity firms Carlyle Group Inc and Advent International for $1.1 billion

Russia asks Sakhalin-2 gas buyers to pay via Moscow-based bank: Report

A second source said the energy company was in discussions to switch payment currencies away from US dollars for supply contracts

Nearly 40 Ukraine prisoners killed in blast, say Russian officials

Russia claimed that Ukraine's military used US-supplied multiple rocket launchers to strike the prison in Olenivka, a settlement controlled by the Moscow-backed Donetsk People's Republic

ExxonMobil and Chevron shatter profit records in second quarter

The US pair, along with UK-based Shell and France's TotalEnergies, combined to earn nearly $51 billion in the most recent quarter, almost double what the group brought in for the year-ago period

World Bank has no new financing plans for crisis-hit Sri Lanka: Report

The government hopes to secure an Extended Fund Facility.

Evergrande offers sweetener for debt revamp as China realty crisis worsens

With more than $300 bn in liabilities, Evergrande, once China's top-selling developer has been at the centre of the crisis and its debt restructuring plan is seen as a possible template for others

World's biggest bond markets back in vogue as recession fears mount

By Dhara Ranasinghe

Sri Lanka resumes bailout discussions with IMF, finance ministry says

Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the finance ministry said on Friday.

Dollar rallies from three-week lows as US data shows pick-up in inflation

By Gertrude Chavez-Dreyfuss and Saikat Chatterjee

Nasdaq, S&P 500 rise on upbeat forecasts from Apple, Amazon

Apple sees continued strength in demand for iPhone; Amazon expects higher revenue in third quarter; Intel cuts annual forecasts, shares slide; consumer spending beats expectations in June

Oil rally to stall as recession risks counter tight supplies, says poll

By Brijesh Patel

Judge orders Oct 17-21 trial over Twitter's lawsuit against Elon Musk

Musk must file any counterclaims by 5 pm ET on Friday, according to the order signed Thursday by Chancellor Kathaleen McCormick of the Delaware Court of Chancery

Indian private equity firm Lighthouse in talks to raise $400-mn fund

Lighthouse has raised more than $450 million over the years and has invested in Indian companies that include popular online beauty retailer Nykaa and ethnic apparel and home accessories brand Fabindi

US oil giants Exxon, Chevron post blowout earnings, ramp up buybacks

High prices, margins lift majors to best quarters in history; Exxon earnings surpass previous record set in 2012

World stocks eye best month since late 2020, traders bet on weak US economy

As inflation surges across major markets and central bankers fight to raise rates without killing off growth, riskier markets like stocks have tended to react positively to any softening in sentiment

Reliance, Ola Electric, Rajesh Exports agree to build batteries in India

The companies were among four bidders selected by the government in March to build a total of 50 gigawatt hours (Gwh) of battery storage capacity under a PLI programme

Yen shoots for best month in years as growth concerns bring US yields down

The Japanese yen headed toward its best month in almost three years as growth worries have driven US yields sharply lower and squeezed speculators out of crowded short yen positions