Page 587 - Reuters

Lawmakers to hold discussions with select banks, insurance cos next year

Indian government, in 2019, announced the merger of 10 state-owned banks into four lenders

India's love of homegrown single malts is shaking up Pernod, Diageo

As India comes into its own as a maker, not just consumer, of whisky, its single malts are reshaping the country's $33 billion spirits market

Opposition parties stage protest against Adani's Dharavi overhaul plan

Adani and the state government have denied any wrongdoing and say contracts have been awarded as per laws and policies

India to allow diversion of up to 1.7 million tons of sugar for ethanol

"A quota will soon be allocated for sugar mills and distilleries," said a senior government official, who preferred not to be named, following official rules

Disney-Reliance entertainment biz deal may be beset with antitrust issues

If a deal was struck, it would be the second to seismically reshape India's TV and streaming landscape as Japan's Sony also plans to merge its India business with India's Zee Entertainment

Rising civilian death toll: US pushes Israel for Gaza strategy shift

Hospitals in Deir al-Balah, Khan Younis and Rafah reported a new influx of dead and wounded early on Friday including two children

10-yr bond yield logs biggest weekly fall; gold set to sizzle, oil rises

The benchmark 10-year bond yield ended at 7.16 per cent, after closing the previous session at 7.19 per cent

Centre gets bids for green hydrogen, electrolyser production incentives

In July, India invited pilot bids under its $2 billion programme to incentivise production of green hydrogen and manufacturing of electrolysers

Prateek Gupta loses bid to lift freezing order in Trafigura fraud case

Gupta has said in his defence that Trafigura staff devised the scheme at the centre of the case to substitute low-value metals such as scrap for high-grade nickel

Pound rises against euro as UK composite PMI hits a six-month high

Markets expect the BoE to start cutting interest rates from May, slightly later than the European Central Bank (ECB) or the Fed, which analysts say could support the pound

US opens probe into over 450,000 Nissan vehicles on engine failure concerns

The Japanese automaker has looked to address main bearing and L-link damage or seizures on the engines by introducing multiple manufacturing process changes over time, the regulator said

Russian central bank hikes interest rates by 100 basis points to 16%

"The return of inflation to target in 2024 and its further stabilisation close to 4% assume that tight monetary conditions will be maintained in the economy for a long period"

Disney-Reliance merger may be beset with antitrust headaches: Experts

One key area of regulatory scrutiny for a Disney-Reliance merger would be their streaming businesses and their power over advertising during cricket

H&M reports 4% drop in Sep-Nov sales, slightly more than expected

H&M has been losing ground to Zara owner Inditex, which on Wednesday reported a 15% rise in local-currency sales for the nine months through October, and a 14% rise for the following six weeks

India to resume Venezuelan oil purchases, says Hardeep Singh Puri

India is willing to buy oil from any country that is not sanctioned, the minister added

Blizzards sweep across Russia bringing more than 20 cm of snow fall

A cyclone brought more than a day of constant blizzards to the Russian capital in what could be one of the strongest snow storms to hit Moscow in 60 years, according to meteorologists

Disgraced ex-IMF chief Rodrigo Rato goes on trial for tax evasion

The credit card case sparked widespread anger at a time when Spain was recovering from years of recession and a banking crisis partly triggered by Bankia's massive bailout

China pressures Taiwan with trade accusations, warplanes ahead of elections

China in October said it was extending its trade barrier investigation to Jan. 12, the eve of Taiwan's elections. Taiwan denounced that at the time as election interference

China to run budget gap of 3% of GDP in 2024, issue special debt: Report

"The 2024 deficit ratio is set to be 3% and the insufficient part can be supplemented by special sovereign debt," one of the sources said

China Nov industrial output rises 6.6%, retail sales below expectations

The data on output released on Friday by the National Bureau of Statistics (NBS) exceeded analysts' expectations for a 5.6% rise in a Reuters poll and made it the strongest growth since September 2022