Page 680 - Reuters

Go First seeks up to $122 mn in additional funds: Banking sources

Go First, the Indian airline under bankruptcy protection, has asked for between $122mn in additional funds from lenders to resume operations in July

TCS signs $1.1 bn contract with UK's pension scheme Nest for 10 years

The contract, to help Nest transform its administration services, if extended to the entirety of its 18-year tenure would be worth 1.5 billion pounds, TCS said in a statement

WHO prepares for increased spread of viral disease linked to El Nino

The WHO chief also warned that climate change is fueling the breeding of mosquitoes, and incidence of dengue has already risen sharply in recent decades, particularly in the Americas

Amazon duped millions of consumers into enrolling in Prime, says US FTC

The FTC has been investigating sign-up and cancellation processes for the Prime program since March 2021

Aviation emissions targets, net-zero goal in focus at Paris Airshow

Airlines are trying to purchase more SAF, which produces up to 80% fewer carbon emissions on a lifecycle basis than traditional jet fuel

Wheat output 10% lower than govt estimate amid sharp price rise: Trade body

Farmers start harvesting wheat from March, selling most of their crop to state agencies and private traders by June

Russian oil import scales new high of 1.95 mn barrels per day in May

India, the world's third biggest oil consumer and importer, buys more than 80% of its oil from overseas markets

Sebi bars entities from securities market over stock manipulation

Sebi levied a penalty of about 1.26 billion rupees towards wrongful gains made from alleged market manipulation of small-cap companies through bulk messages

PM Modi's US visit may encourage more American firms to invest in India

The United States is the third largest source of foreign investment for India, with over $60 billion invested between 2000 and 2023, according to official data

Govt likely to offer assured base pensions in compromise with states

The current National Pension Scheme requires employees to contribute 10% of their basic salary and the government 14%

Record plane orders raise stakes in India's aviation boom: Report

Indian budget airline IndiGo announced at the Paris Airshow on Monday the biggest ever plane order by number of aircraft with a deal for 500 Airbus narrowbody jets

Rupee ends higher on dollar inflows; Fed's testimony to lawmakers in focus

Foreign investors have poured about $1.8 billion into Indian equities this month, having bought shares worth $5.1 billion in May

Income tax dept raids five Shree Cement locations in Rajasthan: Report

The Kolkata-headquartered cement firm and IT department did not immediately respond to Reuters' requests for comment

Dollar firm ahead of Powell testimony, sterling falls after inflation data

The dollar rose 0.5% against the Japanese yen to 142.15 per dollar after Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank would maintain its ultra-loose monetary policy

Domestic carrier Akasa Air places order for four Boeing 737 Max jets

Akasa Air CEO Vinay Dube told Reuters earlier this year that it would place a "substantially" large order for new narrowbody jets this year

FPIs extend buying streak in Indian equities in June, shows NSDL data

Concerns over China's economic recovery have also aided flows into India, said Sameer Kaul, MD and CEO at TrustPlutus Wealth (India) Pvt

Unlike Netflix, India's ZEE5 Global not balking at password sharing

For ZEE5, which is looking to win new subscribers abroad, password sharing presents an opportunity

Oil rises as hawkish Fed talk expectations offset China demand worries

The congressional testimony by Powell later on Wednesday is expected to provide clues on future rate moves in the world's biggest economy

Monitoring regulatory developments against Zee founder, CEO: Sony

Sony Pictures Entertainment on Wednesday said it took the India markets regulator's order banning Zee Entertainment founder and chief executive officer from holding board positions seriously

Climate-focused VC firm Avaana Capital raises $70 mn in first funding round

This is the first close in the Avaana Climate and Sustainability Fund, India's first tech-led climate fund, meaning it can start investing in companies while raising capital for its own fund