Page 454 - Reuters

NBCC planning to set up its own NBFC to help save over $100 million

The Indian government owns infrastructure financial institutions but no other state-run company has created a unit to help it finance projects

Govt discusses crude oil market volatility with OPEC secretary general

During telephone conversation with Haitham Al-Ghais India's oil minister Hardeep Singh Puri "emphasized the importance of balancing market stability, affordability, with pragmatism", said statement

Tata Group seeks regulatory approval to avoid listing NBFC, says report

The Reserve Bank of India's (RBI) revised regulations in October 2021 require that large non-banking finance companies (NBFCs) list their shares within three years

A new ride: Ola Cabs weighs $500 million IPO, in talks with i-banks

The company is in talks with investment banks, including Goldman Sachs, Bank of America, Citi and India's Kotak and Axis, and plans to appoint IPO advisers within a month, said two of the sources

WHO says wider warning about contaminated J&J cough syrup 'likely'

Nigeria's regulator recalled a batch of Benylin syrup last Wednesday, having found a high level of diethylene glycol in the product during routine testing

Govt open to selling stake in GIC Re, LIC in FY24/25, says report

"The government has received good feedback in investor roadshows for GIC, and is open to sell its 10% stake in tranches depending on its shares' value," the official said

P&G raises annual core profit forecast on resilient demand, price hikes

Even as P&G raised prices of its products over the last two years, demand for its daily-use items such as big name brands Tide and Pampers has held steady

Forex reserves come of record highs as 7-week gaining streak ends

The reserves fell by $5.4 billion in the reporting week, the steepest fall in over three months. They had risen by a total of $32.5 billion in the prior seven weeks

American Express beats estimates on high spending by wealthy customers

''We continue to attract high-spending, high credit-quality customers to the franchise," chief executive officer Stephen Squeri said in a statement

Tesla to recall 3,878 Cybertrucks to fix faulty accelerator pedal

A trapped accelerator pedal could cause the vehicle to accelerate unintentionally, increasing the risk of a crash, the auto safety regulator said in a notice

Wheat stocks in govt warehouses at 16-year low after record sales

The government has buffer and strategic reserve norms that mandate holding wheat stocks at or above 7.46 million tons on April 1

Hindustan Zinc Q4 results: Net profit drops 21% to Rs 2,038 crore

Revenue from the zinc mining business - the biggest segment - fell 16%, resulting in a 12% drop in overall revenue to Rs 7,285 crore

Nissan trims annual operating profit estimate by 14.5% on lower sales

Nissan's quarterly sales performance was also hurt by stronger-than-expected US demand for hybrids, Uchida said, a trend that has especially benefited rival Japanese automaker Toyota

Lufthansa executives seek to persuade EU regulators over ITA stake buy

Guillaume Loriot, the European Commission's deputy director general for mergers, and lawyers as well as officials from national competition agencies will also be there

Blackstone nears deal to sell S Korean pharma wholesaler to MBK Partners

The sale would mark Blackstone's first major exit in South Korea, a market in which it established a locally-based team two years ago

How Bitcoin's 'halving' can burnish its value as a scarce commodity

The halving comes after bitcoin hit an all-time high of $73,803.25 in March

UK retail sales stagnate in March despite easing inflation, shows govt data

Friday's figures contrasted with some business surveys that showed a pick-up in retail sales in March

Ships transiting the Gulf, Western Indian Ocean should stay alert: Ambrey

Ambrey said it had received information that indicated an "Israeli military strike" was conducted on Isfahan, Iran

Russia squeezes Mideast, OPEC shares in India's oil mkt to historic lows

Russia is an ally of the Organization of Petroleum Exporting Countries (OPEC) but it has eaten into the share of India's crude diet from key OPEC producers in the Middle East

Bitcoin falls heavily as Israel strikes Iran, slides below $60,000

Israel launched an attack on Iranian soil on Friday, sources said, days after Iran launched a drone strike on Israel