Page 709 - Reuters

James Murdoch's Bodhi Tree cuts planned investment in Reliance JV Viacom18

A source familiar with the matter said the investment amount was reduced due to a broader funding squeeze amid a slowdown in dealmaking

JPMorgan profit surges 52% in Q1 on back of robust consumer business

The bank's profit increased 52% to $12.62 billion, or $4.10 per share, in the three months ended Mar. 31

Investors put $538 billion into cash funds over eight week: BofA

BofA, citing EPFR data, said investors put $51.6 billion into money market funds in the week to Wednesday as the outsized flows continued

Opec+ output cuts may add to surging oil prices, IEA sees record high rates

Brent crude futures were up 22 cents, or 0.26%, to $86.31 per barrel at 1046 GMT. West Texas Intermediate crude futures (WTI) rose 21 cents, or 0.26%, to $82.37

Bharat Petroleum gets MP state government approval for refinery expansion

Bharat Petroleum will invest 430 billion rupees ($5.27 billion) to 500 billion rupees for the two projects, adding that the petrochemical project would start production by fiscal year 2027-28

Global economy mired in weak growth, sticky inflation: IMF chief Georgieva

IMF's projection of 2.8% global growth for 2023 "is not enough to bring opportunities to businesses and people around the world, and most worrisome is the projection for weak growth over longer period

OPEC cites downside risk to summer oil outlook, holds demand forecast

Some members of OPEC+, which includes OPEC, Russia and others, announced new voluntary production cuts on April 2

India equity mutual fund inflows rise to 1-year high in March

The rise in inflows offset some of the pressure on markets, which witnessed sustained selling by foreign investors

NHB may issue 3-year bonds in April, Reliance plans 2-month CP, and others

In March, NHB raised Rs 1,900 crore through bonds maturing in three years and 10 days at a coupon of 7.77%, and this issue had a put and call option at the end of one year

Reserve Bank begins evaluating five potential bidders for IDBI Bank

Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those that have submitted expressions of interest, two of the people said, speaking on condition of anonymity

GAIL seeks LNG cargo for delivery to Dhamra terminal in May: Reports

GAIL (India) has issued a swap tender offering one liquefied natural gas (LNG) cargo for loading in the United States in exchange for another cargo for delivery to India, two industry sources said

India's merchandise trade deficit in March stood at $13.7 billion

That was lower than the $17.43 billion recorded in the previous month, and below the $18.30 billion forecast in a Reuters poll

'RBI's proposal to regulate bank penal charges could dent lenders revenues'

"We believe there could be some negative revenue impact for banks," Morgan Stanley analysts wrote in a research note

Passenger vehicle sales up 26.7% in FY23 as chip shortages ease: SIAM

Buying ahead of implementation of new fuel emission norms, and strong demand during the festival season also drove sales towards the end of the year

Apple in talks with suppliers to make MacBooks in Thailand: Report

According to the report, it has also been mass-producing its Apple Watch in Thailand for more than a year

Sovereign debtors, creditors agree steps to jumpstart debt restructurings

The meeting came amid ongoing delays in finalizing debt treatment agreements for Zambia, Ghana and Ethiopia under the G20 Common Framework

Japan, France and India to launch platform to coordinate Sri Lanka debt

Sri Lanka last month secured a $2.9 billion programme from the International Monetary Fund to tackle its suffocating debt burden and its worst economic crisis in more than seven decades

Cotton exports seen sliding, matching imports for first time in years: USDA

India's cotton exports are expected to slide sharply for 2022-23 and match imports into the top producer for the first time in about two decades on low domestic stocks among other factors, USDA said

TCS blames US financial crisis for weak fourth quarter results

"The quarter has come out weaker than what we originally anticipated and primarily coming out of North America," TCS CEO Rajesh Gopinathan said in a media conference

Swiss parliament rebukes Credit Suisse rescue by rival bank UBS

While the upper house had approved the government's contribution to the rescue package, parliament's lower, and larger chamber, pushed back again on Wednesday