Page 688 - Reuters

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%

Fiscal year change-led carry boosts Indian rupee; importers cap upside

The rupee was at 82.1825 to the dollar by 11.14 a.m. IST compared with 82.37 in the previous session

Maharashtra to produce nearly 16% less sugar as mills close early

Sugar mills in Maharashtra were operational until mid-June in 2021/22 as they harvested a record crop

India to cut gas prices from April 1 after review panel report: Sources

India's cabinet is set to adopt a gas panel report this week, which has recommended capping the price for most local gas at $6.50 per million British thermal units (mmBtu) in April

Indian govt has 54 Chinese investment proposals pending: Finance Minister

The Indian government has received about 54 foreign direct investment proposals from China since last year that are pending for approval, said Finance Minister Nirmala Sitharaman

World Bank warns of 'lost decade' in global growth without bold policy

The World Bank is also watching developments in the banking sector, which come as rising interest rates and tightening financial conditions drive up the cost of borrowing for developing countriesworld

Debt fund taxation changes to impact corporate bond demand: Fund managers

Fund managers expect mutual funds to focus more on actively managed funds which can allow for higher returns and balance out the impact of higher taxes

India asks state-run banks to monitor top loan accounts strictly: Reports

Indian banks, in the past, have had to take deep haircuts on their exposure to debt-laden companies admitted under bankruptcy legislation

Mamaearth's parent puts IPO on hold amid weak market sentiment: Report

Backed by investors such as Sequoia Capital and Belgium's Sofina, Mamaearth is now in a "wait and watch mode"

Sun Pharmaceuticals to see drop in revenue owing to IT security incident

Indian drugmaker Sun Pharmaceutical Industries Ltd would see a revenue drop in a few of its businesses and incur some expenses due to an IT security incident that happened earlier this month

World may split into rival economic blocs, it'll make all poorer: IMF chief

The IMF predicted growth of 2.9 per cent this year, and will release new forecasts next month

Apple CEO praises China's innovation, history of cooperation during visit

Cook is in Beijing to attend the China Development Forum, a government-organised event being held again in full force after the country ended its Covid controls late last year

Small US banks see record drop in deposits after SVB collapse: Fed data

Deposits at small banks fell $119 billion to $5.46 trillion in the week ended March 15

Pakistan professionals struggle with higher costs as economy teeters

Like most people in the nation of 220 million, Ahsan and her husband, who owns a car servicing business, are struggling to cope with a surge in living costs triggered

Amazon, others revamp 'free' shipping as costs soar, says report

Product inflation and soaring shipping costs are making the service unsustainable as the prospect of recession threatens to wallop already-flagging online spending

Adani share rout: LIC likely to put caps on investment exposure

"LIC is looking to have 'boundary conditions' on its investments that would limit its exposure to scrips," said the source

Euro, sterling fall sharply against dollar amid jitters over European banks

Risk aversion also sent sterling 0.6% lower to $1.2214, despite data showing the British economy was set to grow in the first quarter and confidence was growing

Binance halts deposits, withdrawals after technical glitches: CEO Zhao

"Engine 1 is back online. Still need more time to do reconciliations, and for other engines to catch up," Zhao said in a subsequent tweet

Foreign exchange reserves rise to over six-week high with $572.8 bn

The central bank intervenes in the spot and forwards market to prevent runaway moves in the rupee's exchange rate against the dollar