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Axis Bank CEO flags risks of slowing economic growth, says report

Axis Bank Ltd Chief Executive Officer Amitabh Chaudhry said he was watchful over consumer demand in the Indian economy and that expectations for growth might have to be tempered a bit

Australia pauses rate hikes to assess tightening impact, inflation in focus

In March, two-wheelers, three-wheelers, passenger vehicles and commercial vehicles saw a growth of 12 per cent, 69 per cent, 14 per cent, and 10 per cent, respectively

Truly sorry that we could not keep the trust, says Credit Suisse chairman

After years of scandal and losses, Credit Suisse came to the brink of collapse before UBS rode to the rescue with a merger engineered and bankrolled by the Swiss authorities

Oil leaps 6% as Opec+ shocks markets with plans to cut output target

Oil benchmarks jumped 6% on Monday, the day after the OPEC+ group jolted markets with plans to cut more production, raising fears of tightening supplies

India looking to merge hydropower units to create single company: Minister

NTPC, the country's largest power producer, acquired the two hydro companies -- THDC India Ltd (THDCIL) and NEEPCO -- three years ago for about $1.34 billion under a consolidation plan

Revenue in India hit as Delhi delays licence, says Pernod Ricard

Pernod said it is "being severely impacted with loss of market share and revenues" and unable to conduct its business in the city, adding that as a consequence it was "suffering massive losses"

Two-wheeler manufacturers see rise in sales in March on festive demand

Among passenger vehicles, Maruti Suzuki saw a 0.8% decline in domestic sales, while Tata Motors reported a 4.1% jump in sales

Sebi to probe Adani offshore deals for possible rule violations: Report

The three entities allegedly entered into several investment transactions with unlisted units of the ports-to-power conglomerate founded by billionaire Gautam Adani over the last 13 years

US manufacturing activity nears three-year low; price pressures abate

Manufacturing expanded at a 4.5% annualized rate in the fourth quarter, the government reported last week

Bahrain seeks to attract investment with new golden licence for companies

The move is part of an economic recovery plan launched by the oil producing state in October 2021 to boost growth and job creation

Reliance's JioCinema clocks record 1.47 bn digital views in 1st IPL weekend

The broadcasting joint venture of Indian conglomerate Reliance Industries said its JioCinema app saw a record 1.47 billion digital video views on the opening weekend of the Indian Premier League

Airbus in talks for new China jet order ahead of Emmanuel Macron visit

An industry source cautioned there were several moving parts in the talks, with details not yet finalized

India's surging services exports may shield economy from external risks

India's services exports rose 24.5% on year in October-December 2022, hitting a record $83.4 billion during the quarter, shows data

HSBC Holdings brushes aside Hong Kong investor's Asia spin-off proposal

The comment came as Ken Lui, an individual HSBC shareholder and leader of a Hong Kong-based investor group, called for the break up of the bank

Russia shifts to Dubai oil price benchmark in Indian oil deal: Report

The decision by the two state-controlled companies to abandon the Europe-dominated Brent benchmark is part of a shift of Russia's oil sales towards Asia after Europe shunned Russian oil

REC opens bids for dollar-denominated bonds with initial price guidance

The book-building process would go through the day, when the final coupon rate and quantum would be closed, merchant bankers said

India to issue tenders for 250 GW of new renewable capacity by March 2028

Its renewable energy capacity, excluding big hydro and nuclear power, exceeds 122 GW, while non-fossil capacity currently stands at more than 175 GW, according to government data as of February 28

Bond yields seen rising tracking oil prices; H1 borrowing plan weighs

The yield fell 14 basis points in March, its first monthly fall since November, but rose 48 bps in fiscal 2023, and recorded its third consecutive rise

From fast food to autos, India's digitally connected users lure investors

With the cheapest mobile data rates in the world and the explosive growth of social media and personal entertainment, Indian consumers are going digital at a breakneck pace

Oil prices surge post OPEC+ output cuts, markets narrow odds on Fed hike

Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation