Page 261 - Reuters

Thermal coal imports plunge by 31% in Oct on slow power generation

Indian shipments of the fuel used mainly for power generation have been tracking the trajectory of growth in shipments by top importer China over the last year, shoring up international prices

SoftBank returns to quarterly profit with $7.7 bn gain, beats expectations

But while Vision Fund 1 has had a gross gain of $22.6 billion since inception this has been largely offset by Vision Fund 2's $21 billion loss

Norway okays $1.6 bn govt takeover of extensive gas pipeline network

Norway in 2023 announced plans to nationalise most of its vast gas pipeline network, a major processing plant and other infrastructure when many existing concessions expire in 2028

Opec cuts forecast for 2024 oil demand growth, lowers projection for 2025

The Organization of the Petroleum Exporting Countries in a monthly report said world oil demand will rise by 1.82 million barrels per day in 2024, down from 1.93 million bpd it expected last month

Host nation Azerbaijan defends oil, gas sector at COP29 amid West criticism

Azerbaijan's oil and gas revenues accounted for 35 per cent of its economy in 2023, down from 50 per cent two years earlier. The government says these revenues will decline to 22 per cent by 2028

Samvardhana Motherson Q2 results: PAT rises over four-fold to Rs 880 crore

Indian automakers reported a decline in shipments to dealers for the first time in more than two years during the July-September quarter, to help manage the excess inventory

Wall Street bonuses likely to rise for first time since 2021: Consultant

Investment bankers in debt underwriting are projected to receive the biggest surge in bonuses of 25% to 35% for 2024, the estimates showed, buoyed by a resurgence of activity

BASF India Q2FY25 results: PAT falls 14% to Rs 128 cr on higher input costs

Net profit fell to Rs 128 crore ($15.2 million) for the three months ended Sept. 30, from Rs 149 crore a year earlier

Nestle and P&G probe palm oil sourcing after Indonesia deforestation claims

Some images, which RAN said were taken during a field investigation in February 2024, showed that oil palm seedlings were planted on burnt ground surrounded by fallen trees inside the reserve

AstraZeneca raises expectation for next year profits after Q3 performance

AstraZeneca now expects 2024 revenue and core earnings per share to grow by a high-teens percentage, from a previous forecast of a mid-teens percentage at constant currency rates for both revenue

Shaping up as refining hub, will rely on fossil fuels until 2040, says Puri

The minister said there are "robust discussions" among state-owned and private refiners to scale beyond 310 mtpa, which might be achieved even before the targeted 2028

Dollar roars with bitcoin as Trump trades shine; euro, yuan slump

The euro languished at a seven-month trough and the yuan slumped to its lowest in more than three months, with Europe and China both targets of potential Trump tariffs

IMF holds key talks with Pakistan on $7bn bailout amid fiscal concerns

Sources in the finance ministry said the Nov 11-15 visit will discuss recent developments and program performance to date, adding the mission was not part of the first review

Hyundai Motor Q2 result: Profit drops 16.5% to Rs 1,338 cr on weak demand

The company's shares fell nearly 3 per cent before recovering to trade down about 1 per cent in late afternoon trading

Govt may relax quarterly spending limits to meet FY25 capex target

Analysts say the weaker spending is one of the reasons for a recent slowdown in India's high frequency economic indicators

India's thermal coal imports hit 15-month low amid lower power demand

Shipments into the world's second-largest coal importer plunged 31.8 per cent to 13.56 million metric tons

DBS Bank nominates Rajat Verma to be next India unit CEO, say sources

Rajat Verma was appointed DBS managing director and head of institutional banking for India last year

Republicans win majority in US House, paving way for Trump's plans

By contrast, during the past two years of divided government, Biden has had little success in passing legislation and Congress has struggled to perform its most basic function of providing the money

Baidu bolsters AI lineup with text-to-image generator, no-code app builder

These interactions include tasks such as generating text, answering questions, and assisting with various applications utilizing AI. Baidu's commercialization efforts have largely revolved around

Russian frigate with hypersonic missiles conducts drills in English Channel

This is the first long-distance voyage of the multipurpose frigate since it was accepted into the Russian Navy in December 2023, TASS state news agency reported. The ship left its main base in Russia