Page 748 - Reuters

Oil steadies after falling on rate hike worries, Russian crude flows

Brent crude futures gained 28 cents to $85.18 per barrel by 0155 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 9 cents to $77.99

Emerging mkts growth slowdown bottomed out in 2022, but risks remain: IMF

Some 15% of low-income countries are estimated to be already in debt distress and 45% more are at high risk of getting there, with 1-in-4 emerging market economies also at high risk

IMF lifts 2023 growth forecast on China reopening, strength in US, Europe

The IMF said global growth would still fall to 2.9% in 2023 from 3.4% in 2022, but its latest World Economic Outlook forecasts mark an improvement over an October prediction of 2.7%

Russian gas supply hit pushes GAIL Ltd to scout for long-term LNG

ndia's largest gas distributor reported a 93% decline in its December quarter net profit as it transmitted less gas locally due to a reduction in liquefied natural gas (LNG) supply from a deal

Adani firms lose $65 billion in value as US short-seller battle escalates

Adani Transmission, Adani Total Gas, Adani Green Energy, Adani Power and Adani Wilmar fell between 5% and 20% on Monday

Economic survey likely to peg 2023-24 growth at slowest in 3-yrs: Report

According to the report, the survey will likely caution that pressure on the rupee could continue due to the tightening of monetary policy

Infrastructure finance company REC profit rises 5% in Q3 on lower expenses

India's state-owned infrastructure finance company REC Ltd on Monday reported a 5.1% rise in third-quarter profit, as it cut down its total expenses

India economic survey likely to peg 2023-24 growth at 6-6.8%: Experts

India's annual pre-budget economic survey is likely to peg GDP growth at 6-6.8% for 2023-24, according to a source

Mangalore Refinery and Petrochemicals swings to Q3 loss due to windfall tax

MRPL swung to a third-quarter loss from a year-ago profit on Monday, hurt by the government's windfall tax on some fuel exports and a surge in the cost of materials consumed

India's Inox Leisure reports quarterly profit as hits bring back moviegoers

Inox Leisure Ltd posted profit before exceptional items and tax for the third quarter, as movie buffs returned following a string of hits and splurged on pricier tickets and in-theater purchases

Sanofi offers VRS to 800 staffers at India vaccine units amid review

The drugmaker is offering voluntary retirement scheme (VRS) to all its employees at two sites near Hyderabad

Indian wheat prices drop after PM Modi releases grain for flour millers

Prime Minister Narendra Modi's government on Wednesday allowed flour millers to buy up to 3 million tonnes of wheat from state reserves

'Sorry', says Rio Tinto after radioactive capsule lost in Australia desert

Authorities are now grappling with the daunting task of searching along the truck's 1,400 kilometre (870 mile) journey from north of Newman to a storage facility in the northeast suburbs of Perth

Gold treads water as spotlight shifts to US Fed Reserve meeting

Gold prices edged up on Monday on a weaker dollar, as investor attention moved to central bank meetings this week for clarity on their rate hike strategies

Shares and bonds markets worldwide nervy as rate-hike week looms

Stock markets worldwide halted their January rally on Monday, pausing for breath at the start of an agenda-setting week of central bank rate hikes and data releases

Punjab National Bank has Rs 7,000 crore exposure to Adani Group: MD

Punjab National Bank has a total exposure of $859.30 million to Adani Group, but there is currently no worry pertaining to those accounts, the managing director and chief executive said

L-T profit misses as infrastructure growth eases; net profit rose 24%

BENGALURU (Reuters) -India's Larsen & Toubro reported a smaller-than-expected rise in quarterly profit on Monday, as moderate growth in order inflows hurt the infrastructure company.

Canada's CPPIB invests $205 million in Indian co IndoSpace's new fund

Indian warehouse and parks developer IndoSpace on Monday said the Canada Pension Plan Investment Board (CPPIB) will invest $205 million in the company's new real estate fund

Welspun India reports 68% drop in Q3 profit due to rising inflation

Analysts had, on average, expected a profit of 609.5 million rupees, according to Refinitiv IBES data

India's SRF beats Q3 profit view on strong demand in chemical business

SRF saw strong demand from overseas markets, higher capacity-utilisation of facilities and significant cost-savings across all product streams