Page 195 - Reuters/14

Pernod Ricard considers sale of GH Mumm to focus on premium labels

The company has been selective in who it sells assets to and a sale may not happen, the person cautioned

Kia challenges $14 million tax demand by India over trade treaty benefits

The 101-page, July 2023 tax notice alleges the company used incorrect tax declarations for imports such as engine and door control units between 2019 and 2022

LIC Q3 FY25 results: Net profit increases 17% to Rs 11,056 crore

Employee compensation and welfare expenses dropped 30% on year to Rs 6,691 crore

3M India Q3FY25 results: Net profit decreases 16% to Rs 114 crore

The company, whose products range from "Post-it" notes to power tools, said its profit after tax fell to Rs 114 crore ($13.05 million) for quarter ended December 31, compared to Rs 135 cr a year ago

Rate cut alone insufficient to boost lending amid tight liquidity: Bankers

Indian banks' loan growth has moderated for six straight months through December as the liquidity constraints forced lenders to focus on boosting deposits, instead of issuing credit

About 500 Samsung TN factory workers hold protest in latest dispute

It was the second significant labour dispute in less than six months at the plant in Sriperumbudur near Chennai, which makes refrigerators, televisions and washing machines

Rupee sidesteps RBI rate cut to end higher, posts worst week in over 2 yrs

The Reserve Bank of India cut its key interest rate for the first time in nearly five years and signalled a less restrictive policy approach, seeking to provide stimulus to a sluggish economy

Govt to roll out monthly unemployment figures from April for data accuracy

Until now, the government released only quarterly unemployment figures for urban areas and combined annual data for urban and rural areas

India's fuel demand in January rises 3.2% to 20.49 million tonnes

Consumption of fuel, a proxy for oil demand, rose to 20.49 million metric tons, data from the oil ministry's Petroleum Planning and Analysis Cell (PPAC) showed

Ola Electric Q3 results: Company reports a wider loss of Rs 564 crore

The SoftBank-backed firm reported a loss of Rs 564 crore ($64.51 million) in the October-to-December quarter, compared with a loss of Rs 376 crore a year earlier

Britain orders Apple to give it access to users' encrypted accounts

UK's office of the Home Secretary has served Apple with a document called a technical capability notice, ordering it to provide the access, as per Washington Post

Pakistan faces big external financing risks despite economic growth: Fitch

Pakistan needs to repay over $22 billion in external debt in the fiscal year 2025, including nearly $13 billion in bilateral deposits, Fitch said

RBI Guv Sanjay Malhotra cautions lenders against rising digital frauds

The governor said the RBI is introducing an exclusive domain name for banks called 'bank.in', while for non-bank entities in the financial sector the domain name will be 'fin.in'

Donald Trump meets Japan's PM Shigeru Ishiba as China trade tensions loom

Trump put a 10 per cent tariff on all imports from China in what he called an opening salvo in a clash between the world's two largest economies

Forex reserves up $1.1 bn at $630.6 bn after rising $5.58 bn in last week

The reserves increased by $1.1 billion in the reported week, after rising by $5.58 billion in the prior week

US job growth expected to remain 'moderate' in January employment report

The unemployment rate is forecast at 4.1 per cent amid historically low layoffs, with wages rising solidly

Donald Trump meets US Steel CEO to discuss deal with Nippon Steel

A $14.9 billion bid for US Steel by Nippon Steel was blocked last month by former President Joe Biden

US judge says Trump ignored rule of law to curb birthright citizenship

There was applause in the courtroom after US District Judge John Coughenour extended an order he had issued two weeks ago temporarily blocking Trump's order from being implemented

China's trade tariffs could direct US crude exports lower in 2025

The US has grown into the world's third-largest exporter behind Saudi Arabia and Russia since it lifted a 40-year federal ban on exports of domestic oil in 2015

Republicans say they are nearing deal on Trump's tax cuts, divided on cost

Republicans, who hold narrow majorities in the House of Representatives and Senate, have spent weeks trying to agree on a plan to cover the cost of extending the tax cuts