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Govt may earmark Rs 4 trillion for next year's food, fertiliser subsidies

Food and fertiliser subsidies account for about one-ninth of India's total budget spending of Rs 45 trillion during the current fiscal year that ends on March 31

Adani Group raises stake in IANS, subscribes to fresh shares worth Rs 5 cr

IANS has an authorised share capital of Rs 11 crore, and a revenue of Rs 11.86 crore in FY23

Sugar output declines by 7% to 14.87 MT during Oct 1-Jan 15: Industry body

Maharashtra's sugar production fell to 5.1 million tons from 6.09 million tons, while Karnataka's production dropped 12.7% to 3.1 mn tons, the National Federation of Cooperative Sugar Factories said

Fund flows in IT stocks set to rise on positive earnings surprise: Report

Shares of India's IT companies, which earn a significant share of their revenue from the U.S., surged 16.13% in the final two months of 2023, exceeding the benchmark Nifty 50's 13.9% gain

Asian Paints Q3 results: Net profit up 35% to Rs 1,448 cr on strong sales

Consolidated net profit rose about 35% to 14.48 billion rupees ($174.15 million) in the quarter ended Dec. 31, it said in a filing

Govt cancels foreign funding license of Centre for Policy Research

CPR, a not-for-profit organisation which conducts research on a range of policy issues in India, said it was in "complete compliance" with the law and will seek remedy in every way possible

Will keep diversifying crude oil supply, accelerate energy transition: Puri

Puri said that while OPEC+ nations have a right to decide on their energy production, supply cuts against such uncertainty, and resulting adverse impact on global prices, will dent long term demand

Oil falls as China's recovery misses expectations, dollar strengthens

China's economy in the fourth quarter expanded by 5.2% year on year, missing analysts expectations and calling into question forecasts that see Chinese demand fuelling 2024 global oil growth

UK inflation rate rises to 4% in December for first time in 10 month

Wednesday's figures showed that core inflation - which excludes volatile food, energy, alcohol and tobacco prices - was 5.1% in December, the same rate as November

Airlines, plane makers set to unveil new orders at Indian aviation event

The activity comes despite the financial struggles of two budget carriers GoFirst and SpiceJet, in the wake of the collapse of two other Indian airlines since 2011

China's cyberspace body reviewing Shein's data handling practices: Reports

The government is also interested in the type of Chinese data that the company will disclose to regulators in the U.S. as Shein seeks a listing there, the newspaper reported

ICICI Lombard Q3 results: Profit up 22% at Rs 431 crore as premiums climb

Profit after tax rose to 4.31 billion rupees (nearly $52 million) for the quarter ended Dec. 31 from 3.53 billion rupees ($42.61 million) a year earlier, the ICICI Bank - backed company said

Crop-killing weeds spread across US farms as chemicals lose effectiveness

Farmers say their losing battle with weeds threatens grain and oilseed harvests at a time when growers are grappling with inflation and extreme weather linked to climate change

Chinese economy growing, open for business: China's Premier Li Qiang at WEF

Li said China, with a rapidly urbanizing population of 1.4 billion people, would play an important role in boosting aggregate global demand

Morgan Stanley's Dec quarter profit hit by charges, revenue beats estimates

Morgan Stanley's net income fell to $1.5 billion, or 85 cents per diluted share, in the three months ended Dec. 31, compared with $2.2 billion, or $1.26 per diluted share, a year earlier

Crude oil prices rise 1% to $78.96 a barrel on flaring West Asia tensions

Brent crude futures gained 81 cents, or about 1.04%, to $78.96 a barrel at 1333 GMT. The contract had lost 14 cents on Monday

Burger King owner to take full control of Carrols Restaurant in $1 bn deal

Restaurant Brands will take full control of Carrols Restaurant Group in a deal that values the largest Burger King franchise in the U.S at about $1 billion, the company said on Tuesday

Maersk sends two container ships carrying goods for US army through Red Sea

With a fleet of 20 smaller container vessels, the unit ships goods for U.S. agencies including the Department of Defense, State Department and USAID, Maersk said

US energy tax credit trading grows to as much as $9 bn, show study

This market has scaled faster than anyone anticipated, said Crux CEO and co-founder Alfred Johnson, a former Treasury Department staffer

Lamborghini topped 10,000 sales last year for first time: CEO Winkelmann

The carmaker, a subsidiary of Germany's Volkswagen , delivered a total of 10,112 sports cars and SUVs last year, up from over 9,200 vehicles in 2022, a slide attached to Winkelmann's post showed