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Tata Consumer Q3 result: Profit rises 27% to Rs 513 crore on festive demand

The company reported a consolidated profit before exceptional items and tax of 5.13 billion rupees ($61.8 million) in the quarter ended Dec. 31, up 27% from the year-ago period

Ola Electric considers bidding for mining rights of lithium blocks

Amid growing energy needs, India is trying to encourage electric vehicle production to cut greenhouse gas emissions and reduce reliance on fossil fuel imports

IPO for India unit not decided yet, final decision in a month: Hyundai

'We constantly review various measures, including listing overseas subsidiaries, to increase corporate value, but nothing has been decided,' Hyundai Motor said in a regulatory filing

Alibaba boosts share buy back as revenues miss estimates for Dec qtr

Alibaba is under pressure as consumers in China, have been cutting spending, boosting rival lower-cost domestic e-commerce players such as PDD Holdings

Payments from crypto ransom attacks doubled to record $1 bn in 2023

Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion last year, compared with $567 million in 2022

US trade deficit shrinks 18.7% in 2023, slightly widens in December

Economists expected trade, which added to gross domestic product growth last year, to remain supportive to the economy in 2024, though Red Sea shipping disruptions posed risk

ISPRL signs deal with Hindustan Petroleum to lease 300,000 MT space

State-run ISPRL has been selling from the caverns to local refiners after a change in the government rules in 2021

Apollo Tyres Q3 results: Profit surges 70% to Rs 736 crore, revenue up 2.7%

Consolidated pre-tax profit before exceptional items was Rs 736 crore (around $89 mn) in the quarter ended Dec 31, compared with Rs 424 crore a year earlier

Oil prices rise on lower-than-expected surge in US crude stockpiles

Brent crude futures rose 56 cents to $79.15 a barrel as of 1159 GMT, while U.S. West Texas Intermediate crude climbed 59 cents to $73.90

Sobha Q3 results: Profit declines more than 50% to Rs 15.08 crore

Consolidated net profit for the Bengaluru-based company was Rs 15.08 crore ($1.8 million) in the quarter ended Dec 31, compared with Rs 31.81 crore a year earlier

India plans to protest EU's proposed carbon tax at WTO meeting: Report

New Delhi has also opposed EU regulations banning the import of products based on deforestation in the country of origin, likely to hit billions of dollars worth of exports from India

Govt bond yields settle lower ahead of RBI's policy outcome

The overall market sentiment has remained positive after the government said it aims to reduce the fiscal deficit and lower its gross borrowing by a wide margin next financial year

Alibaba Dec quarter results: Revenue at $36.19 billion, misses estimates

The company's U.S.-listed shares, which announced an increase of $25 billion to its share repurchase program through the end of March 2027, were up 3.5% in premarket trading

Manappuram Finance Q3 results: Profit up 46% at Rs 573 cr on strong demand

The October-December quarter included some key festivals that typically spur demand. Most Indian lenders have reported double-digit loan growth for the period

Petrobras in talks for projects with Gulf, Indian, Chinese firms, CEO says

"We have two groups of Asian countries that we're interacting very much right now and we're building relationships right now - Gulf countries, India and China," he said

UAE wealth fund plans $4-5 billion in investments via India's GIFT city

Trade between India and the UAE totalled $85 billion for the financial year ending March 2023, according to Indian government data

Tata-owned Trent Q3 profit jumps more than two-fold on festive demand

The Tata Group-owned company reported a consolidated net profit of Rs 371 crore (about $45 million) for the three months ended Dec. 31, from Rs 155 crore a year earlier

Hamas proposes three-stage ceasefire over 135 days, leading to end of war

According to a draft document seen by Reuters, the Hamas counterproposal envisions three phases lasting 45 days each

From jail, Imran Khan asks supporters to wait by poll stations after vote

Any large-scale gathering of Khan's supporters near booths could raise tensions because of what they call a military-backed crackdown on him and his party that has restricted campaigning

India to be largest global oil demand growth driver through 2030: IEA

The agency forecast India's demand would reach 6.6 million bpd in 2030, up from 5.5 million bpd in 2023