Page 687 - Reuters

States may fall short of spending targets, posing growth risk: Economists

The states - including Maharashtra, Uttar Pradesh and Gujarat - are estimating expenditure to have risen 21.5% in 2022-23, and plan to increase it further by 11% in 2023-24

From manual pricing to ChatGPT: How Air India is transforming under Tata

The push to modernise underscores the decay left by years of under-investment as Air India looks to shed decades-old bureaucratic processes and recapture customers

FTSE Russell keeps India on watch list post latest govt bond index review

India and Switzerland have been on watch since 2021 for possible inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI) and World Government Bond Index (WGBI) respectively

Microsoft's cloud practices anti-competitive, says Alphabet's Google

There is intense rivalry between the two US tech giants in the fast-growing, multi-billion-dollar cloud computing business, where Google trails market leader Amazon and Microsoft

Hero MotoCorp appoints company insider Niranjan Gupta as new CEO

Hero MotoCorp Ltd, India's biggest two-wheeler maker by volume, on Thursday named company insider Niranjan Gupta as its chief executive officer

Wall Street poised to join stocks advance, inflation ebbs in Europe

The dollar was a touch weaker, while crude oil prices rose after a surprise drop in U.S. stockpiles

Euro, dollar steady as bank fears subside, investors focus on inflation

The dollar had been under pressure from the possibility that the Federal Reserve may have to relent in its fight against inflation and pause rate hikes

Yellen rejects World Bank capital increase; no challengers to US nominee

"We do want to see better mobilization of private resources alongside World Bank investments as well, but we're not requesting a capital increase at this time," she added

Russia's Rosneft signs deal to boost oil supplies to Indian Oil Corp

By Olesya Astakhova

Punjab National Bank to raise $1.5 bn through bonds in one or two tranches

Indian state-run lender Punjab National Bank said on Wednesday it would raise up to 120 billion rupees ($1.46 billion) in one or two tranches, through the issue of bonds

Fitch says, two Adani entities facing 'heightened contagion risks'

(Reuters) -Ratings agency Fitch said two Adani Group subsidiaries were exposed to "heightened contagion risks", possibly affecting their financial flexibility

Google relieved after partial victory in Android antitrust case in India

The Competition Commission of India (CCI) said in October that Google had exploited its dominant position in Android and told it to remove restrictions imposed on device makers

Trickle of foreign inflows to bonds may not speed up in next FY: Analysts

Foreign investors have bought government bonds worth Rs 152.50 billion ($1.85 billion) on a net basis since November.

Russia in talks with India to develop Northern Sea shipping route: Interfax

Russia and India are looking at expanding the use of the Northern Sea shipping route that passes through the Artic and which could include the building of processing facilities

RBI to raise rates once more on April 6 but leave door open for more: Poll

Inflation in Asia's third-largest economy remains above the central bank's upper tolerance limit of 6.00%, reaching 6.52% in January and easing only slightly to 6.44% in February

China spent $240 billion to bail out nations with Belt & Road loans

Beijing now fast catching up with the IMF as a lender of last resort

S&P 500 edges down while bond yields rise with gold for a 2nd day

Gold prices rose after two sessions of declines with support from a weaker U.S. dollar even as bond yields rose and bank sector fears appeared to recede

Automaker SML Isuzu to raise prices to offset higher input costs

Chandigarh-based SML Isuzu also said its costs were rising due to fitting its buses with electronic stability control technology, which helps prevent losing control of a vehicle

Indian corporates likely to see 10%-12% capex growth in FY24: Fitch

The rising capital expenditure trend of Indian corporates is likely to continue and grow at 10%-12% a year during the next fiscal year to March 2024, Fitch Ratings said in a release on Tuesday

Adani shares tumble on report group seeking time to pay ACC, Ambuja debt

ACC dropped 4.8% to its lowest since Feb. 2021 and Ambuja Cement slipped 4.2%