Page 217 - Reuters

Indian refiners halt trade with US-sanctioned Russian firms and tankers

Washington also sanctioned 183 vessels used for transporting Russian oil while allowing a winding down of some energy related transactions by March 12

Sebi gives nod to JSW Cement's Rs 4,000 cr IPO after 4-month hold-up

The cement making arm of the steel-to-energy JSW group filed for an IPO worth up to Rs 4,000 crore ($461.46 million) in September, aiming to capitalise on the country's booming stock market

US stocks fall as investors scale back bets on Fed rate cuts in 2025

Five of the 11 S&P 500 sectors declined, led by a 1.8 per cent drop in Technology stocks. Megacaps were down, with Tesla sliding 2 per cent, Apple dropping 2.7 per cent

Eli Lilly to buy cancer drugmaker Scorpion Therapeutics for up to $2.5 bn

Lilly will acquire Scorpion's experimental oral therapy, STX-478, which is currently being tested in early-stage trials for breast cancer and other advanced solid tumors

Barclays Bank's sustainability chief Barlow exits in latest reshuffle

Barlow, who was responsible for leading Barclays' efforts to align with world's goal of limiting climate change, retired at the end of 2024 to pursue a portfolio career

Govt 10-year bond yield logs biggest single-day rise in over 7 months

The 10-year yield ended at 6.85 per cent, its highest since Nov. 22, compared with its previous close of 6.7724 per cent. The yield posted its biggest single-session rise since June 4

Apple fights $1.8 bn app store lawsuit in UK on abuse of dominant position

The US tech company is facing a mass lawsuit brought on behalf of around 20 million iPhone and iPad users in the United Kingdom, who were allegedly overcharged for app purchases

Telangana rations Kingfisher beer as Heineken halts sales in price dispute

Alcohol is bought by the state government and then supplied to shops in Telangana, where officials are rationing supplies to deter hoarding and tackle shortages

J&J to acquire drugmaker Intra-Cellular Therapies for $14.6 billion

The deal is the latest in a string of acquisitions by J&J as it looks to drive growth beyond 2025

US oil refiners face a tough year as investor sentiment turns negative

US refining utilization averaged 90.3 per cent in the fourth quarter, up from 87.6 per cent in the same quarter last year, according to Tudor, Pickering, Holt & Co

India expects uninterrupted Russian oil supply for next two months

Global Brent crude futures extended gains to climb above $81 a barrel on Monday, their highest since August, on expected disruption of Russian oil supply to China and India

Facing power losses, UP plans to privatise two power distribution firms

UP is inviting private companies to form partnerships with or privatise state-owned Dakshinanchal Vidyut Vitran Nigam and Purvanchal Vidyut Vitran Nigam, per the tender dated Jan 12

President-elect Trump's call with Putin expected soon, says his advisor

Trump, who will return as US president on Jan. 20, styles himself as a master dealmaker and has vowed to swiftly end the war in Ukraine but not set out how he might achieve that

Bezos' Blue Origin prepares for inaugural launch of its New Glenn rocket

The mission, the culmination of a decade-long, multi-billion-dollar development journey, will include an attempt to land New Glenn's first stage booster on a sea-fairing barge in the Atlantic Ocean

Finished steel imports hit six-year high in April-December, up 20% YoY

The country remained a net importer of finished steel during April-December, with exports slumping 24.6 per cent

TSMC fourth quarter net profit likely to jump 58% on strong AI chip demand

TSMC is set to report a net profit of T$377.95 billion ($11.41 billion) for the quarter ended Dec 31, according to a LSEG SmartEstimate drawn from 22 analysts

PAG acquires majority stake in pharma company Pravesha Industries

PAG has been investing in India since 2009 and currently manages over $3 billion in assets in the country

US, Japanese, Philippine leaders discuss China's behaviour in S China Sea

The three leaders agreed on the importance of continued coordination to advance a free and open Indo-Pacific

Tibet earthquake underscores seismic risks for dams in Asia's highlands

Earthquakes have damaged dams in the past, particularly by setting off landslides and rockfalls

China's exports grew 10.7% in Dec amid uncertainty over trade tariffs

Imports surprised to the upside with 1.0 per cent growth, the strongest performance since July 2024