Page 638 - Reuters

Global temperatures near record highs as US, China meet on climate change

Wildfires in Europe raged ahead of a second heat wave in two weeks that was set to send temperatures as high as 48C

Coal India plans $1.5 bn industrial water transport corridor in east

Coal India, Paradip Port, the Inland Waterways Authority, the Ministry of Mines, and the Ministry of Ports, Shipping and Waterways did not immediately respond to requests for comment

Zee Entertainment forms interim committee to run operations; shares up 6.3%

SAT directed SEBI to pass a final order by the middle of next month and asked Chandra and Goenka to defend themselves before the regulator

Indian Oil signs long term LNG import deals with ADNOC LNG, TotalEnergies

TotalEnergies would supply 0.8 million tpy LNG to IOC under the 10 year deal, it said. TotalEnergies would supply LNG to IOC from its global portfolio

Indian traders scoop up cheaper Chinese steel, says industry execs

Indian traders are buying the grades used in automobiles and construction, main drivers of domestic steel demand, the officials and analysts said

G20 FSB releases global guidelines for crypto firms to safeguard investors

"As recent events have illustrated, if linkages to traditional finance were to grow further, spillovers from cryptoasset markets into the broader financial system could increase," the FSB said

Oil, petrol sales of state retailers decline in July amid heavy rains

Demand from the agriculture sector also gets affected in this period due to fewer irrigation-related requirements

Credit Suisse inquiry will keep files secret for 50 years, says report

Possible punishments for breaching that confidentiality ranged from being barred from speaking at the committee to being barred for six months to three years in prison and fines

China's Xiaomi bets bigger on India retail stores amid Samsung rivalry

But while 44% of India's smartphones sales are now online, the brick-and-mortar segment remains the bigger play and Xiaomi expects it to grow further

India to push G20 to raise share of taxes on cos which earn excess profit

More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinationals

JSW Steel considering bid for up to 20% stake in Canada's Teck Resources

JSW Steel and Teck Resources did not immediately respond to requests by Reuters for comment

Crypto giant Binance lays off more than 1,000 employees, says report

Last week, a string of executives also quit Binance, which included its Chief Strategy Officer Patrick Hillmann

India raises windfall tax on crude oil to Rs 1,600 per tonne from July 15

India had cut the windfall tax on petroleum crude to zero from Rs 4,100 ($50.13) per metric tonne, in May

Govt to consider new drugs bill to regulate imports and manufacturing

India's 'pharmacy of the world' image has suffered some damage after cough syrups made there were linked to the death of at least 89 children in Gambia and Uzbekistan last year

Chinese giant BYD prepares $1 bn bet to build EVs, batteries in India

The company previously said it planned to set up manufacturing in India, now the world's third-largest car market

Rupee-UAE dirham trade mechanism may launch during PM Modi's visit

Sources said on Friday that India would use the mechanism to pay for oil as well as other imports from the UAE, its fourth largest oil supplier in the year to March

Govt offers firms more time to seek IT hardware production incentives

The window to apply for the scheme - PLI 2.0 for IT Hardware - was previously supposed to close on July 15

Wells Fargo raises outlook for interest income after profit surges 57%

Wells Fargo reported profit of $1.25 per share for the three months ended June 30, beating analysts' average estimate of $1.16 per share, according to Refinitiv data

Citigroup profit drops 36% as trading slump casts cloud over earnings

Net income sank to $2.92 billion, or $1.33 per share, in the three months to June 30, the bank reported on Friday

Indian refiners used Chinese yuan to pay for some Russian oil imports

The official also said the Reserve Bank of India will release guidance for banks in two to three days to resolve some teething issues on the rupee trade mechanism