Page 684 - Reuters

Indian authorities probe bribery claim in toxic cough syrup tests

"I just want the matter formally investigated," said the 38-year-old, adding that he was waiting to be asked to submit an affidavit that would trigger such a probe

Bank unions ask RBI to withdraw compromise settlement for wilful defaulters

Last week, the Reserve Bank of India (RBI) released a framework for lenders governing technical write-offs and compromise settlements, including those classified as fraud or wilful defaulters

RBI likely to tighten norms for unsecured lending portfolios of banks

Indian banks have been expanding their unsecured lending portfolio as the pandemic-induced stress began easing

Dollar falls before US inflation data, yuan weakens on repo rate cut

By Harry Robertson and Rae Wee

Operations at several ports, oil rigs halted as India prepares for Biparjoy

As India prepares for a powerful cyclone that is likely to hit its west coast this week, the govt has directed all offshore oil installations to ensure the immediate return of all staff

Authorities to impound bike taxis if Uber, Ola do not comply with Delhi ban

India's top court on Monday backed the city government's ban on bike taxis in a setback for U.S. ride-hailing company Uber which had legally challenged authorities to continue offering the services

Biparjoy to make landfall: Here's a look at India's deadliest cyclones

Biparjoy, with maximum sustained wind speeds of 125-135 km per hour (78-84 mph) gusting up to 150 kph, is expected to make landfall on Thursday between Mandvi in Gujarat and Karachi in Pakistan

'Nabard plans to raise at least 20 bln rupees via over 3-yr bonds'

In May, Nabard raised 49.29 billion rupees via bonds maturing in three years, three months and 19 days at a 7.50% coupon

US chipmaker Broadcom set to win EU nod for $61-billion VMware deal

The European Commission's clearance is tied to Broadcom's interoperability remedies to rivals to address competition concerns, the people said

Egyptian supply minister says no credit line has been opened with India

Egyptian Supply Minister Ali Moselhy said on Monday that no credit line had been opened with India but discussions were ongoing regarding payments for imports using currencies other than the dollar

Wall Street set for gains as investors look for cooler inflation, Fed pause

A global index of stocks rose slightly on Monday while US Treasury yields also edged higher ahead of key US inflation readings and interest rate decisions later this week from central banks

Reliance suspends Sikka port's diesel, oil products exports due to cyclone

Reliance said in a letter sent to traders that it had declared a force majeure on exports from Sikka due to the storm, which weather forecasters say could hit India's western state of Gujarat

Indian small-cap Urja Global's shares jump on Tesla-deal confusion

Shares of Indian small-cap renewable energy company Urja Global jumped nearly 40% in two sessions following a deal with Gurugram-based Tesla Power India

IndiGo co-founder's family likely to sell stake worth up to $909 mn: Report

The family of IndiGo's co-founder Rakesh Gangwal was likely to sell between 5% and 8% stake in the Indian airline's parent InterGlobe Aviation Ltd, CNBC Awaaz said in a report, citing sources.

European stocks rise ahead of US inflation data, ECB and US Fed meeting

By Elizabeth Howcroft

India, UAE to raise non-petroleum trade to $100 bn by 2030: Piyush Goyal

India and the United Arab Emirates have mutually agreed to raise non-petroleum bilateral trade between the two countries to $100 billion by 2030, the South Asian nation's trade minister said on Monday

Power plants using imported coal to operate at full capacity till September

Many power plants in India, including those owned by Adani Power and Tata Power use imported coal, but were not operating at full capacity, adding to challenges for the country in meeting power demand

Productivity growth critical for recovery of emerging economies: Patra

Michael Patra, in a speech delivered at the Sixth Asia KLEMS Conference on Sunday, said it is widely believed that structural slowdown has been spreading across the global economy after growth peaked

FinMin to meet Moody's on June 16, to pitch for sovereign rating upgrade

The Indian finance ministry officials will meet credit rating agency Moody's Investors Service on June 16 and pitch for a sovereign rating upgrade, two government sources told Reuters

Wedding bells go silent: Marriages in China slump to historic low

China's birth rate fell last year to 6.77 births per 1,000 people, the lowest on record, from 7.52 in 2021.