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SoftBank results: First profit in 5 quarters with $6.6 bn net income

Net profit totalled 985.5 billion yen ($6.6 billion) in the three months to December, versus a 744.7 billion yen loss in the same period a year earlier

Petronet plans to begin supplying LNG to Sri Lanka in 2025 for five years

Petronet will ship 850 metric tons of gas daily to the island nation in 50 containers of 17 tons each, CEO Akshay Kumar Singh said during the India Energy Week event in Goa

Boeing 'undoubtedly' making progress on quality issues: Avolon CEO

Boeing has been under fire from regulators and airlines over a succession of quality issues that have snagged production and development timelines

NCC Q3 results: Profit jumps 40% to Rs 221 crore on robust order book

The company's consolidated net profit after tax rose nearly 40% year-on-year to Rs 221 crore ($26.63 million) in the three months ended Dec. 31

Escorts Kubota Q3 results: Profit up nearly 49% at Rs 277 cr, misses view

The company's standalone net profit rose nearly 49% to 2.77 billion rupees (about $33 million) for the three months ended Dec. 31, but fell short of analysts' expectations of 2.82 billion rupees

Fuel consumption rises 8.2% in January on strong industrial activity

Total consumption, proxy for oil demand, totalled 20.04 mn tonnes in January, up from 18.51 mn tonnes a year earlier, data from Petroleum Planning and Analysis Cell (PPAC) of oil ministry showed

Unilever launches $1.6 share billion buyback after sales volumes rise

Unilever's shares rose as much as 4% on Thursday, hitting their highest point since it last reported earnings in October

Oil rises 0.72% to $79 a barrel on Gaza ceasefire rejection, US stock data

Brent crude futures rose 57 cents, or 0.72%, to $79.78 a barrel by 1043 GMT. U.S. West Texas Intermediate crude futures were up 47 cents, or 0.64%, at $74.33

British American Tobacco signals ITC stake disposal, shares soar 7%

The maker of Dunhill and Lucky Strike cigarettes disappointed investors when it opted against a fresh buyback programme last year to focus on reducing debt and investing in new products

RBI clampdown on Paytm Payments Bank followed persistent non-compliance

"When such constructive engagement does not work or when the regulated entity doesn't take effective action, we go for imposing supervisory or business restrictions," Guv Das said

BEML Q3 results: Profit up marginally at Rs 66.85 cr on higher expenses

The state-owned company reported a consolidated profit before tax of Rs 66.85 crore ($8.1 million) in the quarter ended Dec. 31, up nearly 1% year-on-year

3M India Q3 result: Profit up 8% at Rs 135 cr, smallest rise in 9 quarters

Consolidated profit after tax came increased more than 8% from a year earlier to 1.35 billion rupees (about $16 million) in the third quarter ended Dec 31

Zomato Q3 results: Profit soars to Rs 138 cr on higher demand, beats view

It reported a consolidated net profit of Rs 138 crore ($16.6 million) for the third quarter ended Dec. 31, beating analysts' estimate of rs Rs 90.98 crore, as per LSEG data

Apollo Hospitals Q3 results: Profit rises marginally to Rs 245 crore

The hospital chain operator's consolidated net profit rose 59% to Rs 245 crore ($29.5 million) in the three months ended Dec. 31, beating analysts' average estimate of Rs 240 crore, as per LSEG data

Dynamatic Tech inks deal with Airbus to make all A220 door variants

Dynamatic's shares jumped as much as 10.7% after the deal announcement to a record high of 7,780 rupees

India wants multi-year oil purchase deal with Guyana: Guyanese minister

"We will make a decision at some point in time" on crude oil sales to India in a long-term deal, Vickram Bharrat told reporters on the sidelines of industry event India Energy Week in Goa

Microsoft partners with India's Sarvam AI for voice-based genAI tools

Microsoft will support the development of voice-based generative artificial intelligence (AI) applications through a partnership with Indian startup Sarvam AI, the Windows-maker said on Thursday

Equity mutual fund inflows jump to nearly two-year high in Jan: Amfi

Net equity mutual fund inflows rose 28 sequentially to Rs 21,781 crore ($2.62 billion), the highest since March 2022

LG Energy plans to sell batteries to more electric scooter makers in India

LG Energy's India unit dominates the supply of battery cells to domestic e-scooter makers such as Softbank Group-backed Ola Electric and domestic rival TVS

China's consumer prices suffer steepest fall in more than 14 years

Citigroup economists said in a research note last week that they expect mild reflation in 2024, and forecast annual CPI inflation at 1.2 per cent year-on-year