Page 731 - Reuters

Facebook-parent Meta planning more layoffs, to impact thousands: Report

Last year, the social media giant said it will let go of 13% of its workforce, or more than 11,000 employees, as it grappled with soaring costs and a weak advertising market

Banks can see rise in bad loans from retail, small businesses: SBI official

While loans to this segment have been growing fast, defaults have thus far been few

Airbus close to landing large order from IndiGo: French FM Bruno Le Maire

The contract could be signed at the French airshow in Le Bourget in June, the paper said, adding that Le Maire made the comments during his trip to India for a G20 Summit

Fitch Solutions sees raw sugar prices averaging 2% higher in 2023

Fitch Solutions said it sees raw sugar prices averaging 2% higher this year as production will likely disappoint in various regions including Europe and India, while demand in China should recover

As G20 finance chiefs gather, Yellen calls for more economic aid to Ukraine

Yellen, speaking at a news conference in India on the eve of the first anniversary of the Russian invasion

Need to pause rate hikes as growth risks are significant: Jayant Varma

India's monetary policy panel failed in its mandate to keep inflation within the 2%-6% band, with it breaching the upper tolerance limit for three consecutive quarters to September 2022

Indian footwear retailer Metro hiring up to 2,000 store workers, says CEO

The company, which had 720 stores as of end-2022 and nearly 4,000 employees overall, said last March it would add 260 new stores that sells brands such as Mochi, Walkaway and Metro

Truckers transporting cement say Hindenburg report godsend in Adani dispute

For weeks, around 7,000 truck owners and drivers in India's Himachal Pradesh resorted to protest rallies against Adani's Dec. 15 decision to shut two cement plants over a dispute on freight rates

Real interest rate of about 1% appropriate for Indian economy: Ashima Goyal

"You don't need to keep on raising nominal rates as long as inflation does not come down because then you will definitely overshoot in terms of real rates," Goyal said

Tata Motors in talks to raise $1 bn via stake sale in EV business: Report

Indian carmaker, Tata Motors has begun discussions with soverign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division

Sri Lanka investment board approves $442-mn Adani Green wind power plants

Sri Lankans have been struggling with rolling powers cuts for over a year as the country struggled to generate sufficient amounts of thermal and coal power

Data risk: Drop Big 4 auditors, Chinese authorities urges state-run firms

While offshore subsidiaries can use the global auditors, their parent firms were urged to hire local Chinese or Hong Kong accountants when contracts come up for renewal

UAE eyes renewables partnerships opportunities with India: Jaber in COP28

UAE will explore all partnership opportunities with India to help the south Asian country's growth and low carbon plans, the UAE's climate envoy and designated president of the COP28 summit

RBI onshore, offshore intervention helps rupee outperform: Traders

The rupee was little changed at 82.80 on the day despite an overnight jump in U.S. Treasury yields, after an unexpected rebound in U.S. business activity

India likely to propose expert G20 group for World Bank reforms: Sources

The World Bank Group's climate change action plan for 2021-2025 has set a target to deploy an average of 35% of the institution's financing in support of climate action

Host India doesn't want G20 to discuss Russia sanctions further: Report

The sanctions would also seek to do more to stem the trans-shipment of oil and other restricted goods through bordering countries

Host India does not want G20 to discuss more sanctions on Russia: Report

The officials said the war's macroeconomic impact would be discussed but India does not want to deliberate on additional actions against Russia

Not an era for war, India reiterates, as G20 finance meet starts

India has kept a neutral stance on the war, declining to blame Russia for the invasion, seeking a diplomatic solution and increasing its purchases of Russian oil over the past year

Citigroup forecasts 'less hard' landing for world economy this year

Citigroup economists on Wednesday raised their global growth forecast slightly and see a "less hard" landing but still expect the world's economy to grow at the slowest pace in 40 yearsq

Rupee expected to depreciate on worries over US Federal Reserve rate hikes

Indian rupee is expected to decline versus the dollar at open following an overnight jump in U.S. yields on bets of more rate hikes from the U.S. Federal Reserve