Page 635 - Reuters

J&J raises profit forecast as it bets on cancer drugs, medical devices

Shares of J&J, which recently spun off its consumer health unit to focus on drugs and medical devices, rose about 2% in premarket trading

E-scooter maker Ola Electric targeting $1.5 billion sales this year

In June, industry-wide Indian sales of e-scooters more than halved from May to a six-month low of 45,800 units, government data showed

E-scooter maker Ola Electric targeting $1.5 billion sales this year

The government has said it wants electric variants to account for 70% of two-wheeler sales - which also include motorcycles - by 2030, a huge jump from 14% currently

Microsoft hit with EU antitrust complaint by German rival alfaview

This has significant and permanent impact on competition in the communication software market, alfaview continued

IDFC First Bank looks to raise Rs 2,000 crore in second half of FY24

IDFC First Bank has board approval to raise 40 billion rupees. It has already raised close to half that amount through a preferential allotment to IDFC Ltd

Adani to continue using ACC, Ambuja brands; no plans to merge cement units

Media reports had said earlier this year that the Adani Group was exploring a merger between the two companies

Wagner mercenaries, Belarus hold military exercises near Poland's border

Wagner chief Yevgeny Prigozhin was shown in a video on Wednesday welcoming his fighters to Belarus, telling them they would take no further part in the Ukraine war for now

Reliance spin-off Jio Financial valued at $20 billion, above estimates

At a $20 billion valuation, Jio Financial would be one of the top 40 Indian companies by market capitalisation, in a list headed by Reliance at $233 billion

What has become of Western carmakers' Russia assets after Ukraine invasion

Here is an overview of the fate of foreign carmakers' assets in Russia

No word from North Korea on US soldier who dashed across military border

US officials said Pyongyang has not responded to communication from the American military about the soldier, Private Travis T. King

Coal mining bet stumbles as wary banks weigh rising risks: Official

Coal officials and banking executives in the world's second-largest coal producer discussed the issue at a June meeting called by the government in a bid to ease the funding deadlock

World's cheapest Domino's pizza is in inflation-hit India, costs just $0.60

The 49-rupee ($0.60) pizza in India, Domino's No.1 market outside America, is the tip of the spear in its fight against rampant inflation that's squeezing profits and pricing out many customers

India's steelmaking goals risk quadrupling emissions, says report

The world's second-biggest crude steel producer aims to achieve its steelmaking capacity goal of 300 million tonnes by 2030, and aims to be a net zero emitter of greenhouse gases by 2070

Reliance-Jio Financial demerger today: Here's what you need to know

The local stock exchanges will on Thursday hold a special "price discovery" session for the first time ever to determine the value of Jio Financial Services' shares

Indian dairy firm Hatsun Agro's Q1 profit jumps on higher milk demand

Indian milk processing firm Hatsun Agro Product said on Wednesday its quarterly profit surged 54% as a rise in input costs was offset by higher milk prices on the back of strong demand

Tax officials visit offices of edtech startup upGrad for routine survey

Indian tax officials have visited offices of ed-tech startup upGrad for a routine survey, the company said on Wednesday

Sri Lanka parliament passes anti-corruption bill without vote: Speaker

The legislation was passed without a vote in the 225-member parliament

Volkswagen's efforts to boost valuation stifled by lack of succession plan

The company plans to run a series of capital market days in coming months for each of its brands, which it hopes will boost a valuation in freefall since mid-2021

Court order on Disney's in-app payment in India temporary: Google

Google will need to comply with the court directives until it is overturned or modified

Chechen leader's nephew made head of seized Danone subsidiary in Russia

According to a decree signed by Putin on Sunday, the Russian state had taken control of Danone's Russian subsidiary along with beer company Carlsberg's stake in a brewer