Page 643 - Reuters

Bain Capital in talks to buy Indian ice cream maker Vadilal: Report

Shares of Vadilal Industries soared to its record high, rising as much as 18.6% after the report

India's green hydrogen push and challenges, everything you need to know

Although first production is expected only in 2026, India has been negotiating bilateral agreements with the European Union, Japan and other countries to start exporting the fuel

Soaring vegetable prices can tip delicate inflation balance: Economists

However, if the spike in vegetable prices sustains, it could push July inflation towards 6%, said Gaura Sen Gupta, an economist at IDFC First Bank

Godrej Aerospace eyes share of GE 414 engine manufacturing, supply chain

Godrej Aerospace will be pitching to manufacture modules of the engine, a company official told Reuters during a plant visit

Gas regulator to pitch for building gas storage to boost clean fuel usage

The country aims to raise the share of natural gas in its energy mix to 15% by 2030 from about 6.5% now

Go Airlines invites Expression of Interest for possible sale of carrier

The last date for receipt of interest for the airline is set for Aug. 9, according to a advertisement

Rupee to climb after dollar's fall on weaker than expected US jobs data

Non-deliverable forwards indicate the rupee will open at around 82.60-82.62 to the U.S. dollar, compared with 82.74 in the previous session

Crude oil eases ahead of China, US data, but OPEC+ cuts limits slide

Brent crude futures fell 22 cents, or 0.3%, to $78.25 a barrel by 0107 GMT, and U.S. West Texas Intermediate crude was at $73.57 a barrel, down 29 cents, or 0.4%

HDFC Bank to sell 2% stake in NSDL IPO; IDBI Bank to sell 22.2 mn shares

In its draft red herring prospectus (DRHP) dated July 7, the depository said the IPO will see sales of 57.3 million shares by its six shareholders

AI4Bharat researchers set to raise $12 mn from Peak XV, Lightspeed: Report

The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI's ChatGPT dazzled users with its ability to engage in human-like conversations

'Refer & earn': EV maker Tesla rolls out global incentives to boost sales

Automakers have historically used employee and loyalty discounts to lower the sticker price

India's fuel demand slips by 3.7% in June as monsoon restricts mobility

Consumption of fuel, a proxy for oil demand, totaled 19.31 million tonnes in June, down from 20.06 million tonnes in May, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry

US job growth slows in June and unemployment rate declines to 3.6%

There was also a jump in the number of people working part-time for economic reasons last month, in part because their hours had been reduced due to work slack or business conditions

HDFC Bank to replace HDFC Ltd on MSCI Global indexes from July 13

Still, HDFC Bank's shares are up 2% so far this year, while HDFC's shares have gained 5%, but are both underperforming the blue-chip Nifty 50, which is up 6.8%

Indian Oil to raise up to $2.7 billion through rights issue of shares

IOC, the country's top refiner, has not specified which projects the newly raised funds would target

UN world food price index hit almost 2 years low at 122.3 points in June

The Food and Agriculture Organization's (FAO) price index, which tracks the most globally-traded food commodities, averaged 122.3 points in June

China's forex reserves rise by $16.49 billion to $3.193 trillion in June

The yuan fell 2% against the dollar in June, while the dollar last month fell 1.2% against a basket of other major currencies

RBI looking to enhance fintech regulations, says Dy Guv T Rabi Sankar

The central bank has been monitoring the fintech space lately to ensure financial stability and mitigate risks related to cybersecurity and prevent fraud

Centre may set mandates for industrial use of green hydrogen: Official

India has set a goal of producing 5 million metric tonnes of green hydrogen annually by 2030, with about 70% of that marked for export markets, he said

China to end Ant Group's regulatory revamp with fine of $1.1 bn: Report

The People's Bank of China (PBOC), which has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020, is expected to disclose the fine in the coming days