Page 749 - Reuters

India plans to invoke emergency law to force imported coal-based utilities

India plans to evoke an emergency law next month which would force power plants running on imported coal to generate power, two government sources

Adani Group CFO says stocks rout similar to colonial-era massacre

'This is not merely an unwarranted attack on any specific company but a calculated attack on India'

Tech Mahindra's Q3 profit slides 5.3% as expenses jump on macro challenges

India's Tech Mahindra reported a fall in third-quarter profit on Monday, hurt by higher expenses and a subdued performance by its communications division

Indian shares slip, tracking financials as Adani stocks extend slide

The Nifty 50 index was down 0.98% at 17,432.45 as of 1:58 p.m. IST, while the S&P BSE Sensex fell 0.91% to 58,792.16. Both indexes had gained 0.6% earlier in the session

Maybank says no impact from subscription to Adani's share offering

Subscriptions to Adani Enterprises' offering were client subscriptions and fully funded by client funds, the bank told Reuters in an emailed statement

India's Laurus Labs posts 32% profit jump on demand for drug ingredients

India's Laurus Labs Ltd reported a 32.1% rise in third-quarter profit on Monday, boosted by strong demand in its businesses that make chemicals and other ingredients used in medicines

Govt asks utilities to not retire coal-fired power plants till 2030

'It is advised to all power utilities not to retire any thermal units till 2030 and ensure availability of units after carrying out renovation and modernisation activities if required'

Adani group hits back at Hindenburg, insists made full disclosure

Adani's response stated that over the past decade, its group companies have "consistently de-levered"

Gautam Adani's $2.5 bn share sale faces crucial day after rout in stocks

For 60-year-old Adani, the stock market meltdown has been a dramatic setback for a school-dropout who rose swiftly in recent years to become the world's third richest man

Sugar mills in Maharashtra to close early as rain hits cane supply

India has allowed sugar mills to export only 6.1 million tonnes of the sweetener in the current season and, out of that, mills have already contracted to export 5.7 million tonnes

China's smartphone sales plunge to lowest in a decade, says report

In 2022, Vivo retained top spot with a 19.2% market share in China, followed by Apple at 18% and Oppo at 17.5%

Adani's $2.5 billion share sale faces crucial day after Indian rout

Adani faces a critical day on Monday with his flagship company's $2.5 bn share sale's second day of bidding overshadowed by a $48 bn rout in his stocks which was sparked by a US short seller's report

Bankers consider delay, price cut in Adani's $2.5 bn FPO after market rout

Seven listed companies of the conglomerate controlled by Gautam Adani have lost a combined $48 billion in market valuation since Hindenburg report came out

Hindenburg report puts Asia's richest man Gautam Adani in eye of a storm

Gautam Adani, the school drop-out turned billionaire who rose to become Asia's richest man, faces possibly the biggest challenge of his career after a US short seller cast doubts on his business

'Britain needs you', Hunt urges older people to rejoin workforce

Hunt addressed problems in the labour market in a speech on Friday

US consumer spending softens in December even as inflation eases

The data was included in the advance fourth quarter gross domestic product report, which showed consumer spending maintaining a solid pace of growth

Indian refiners' crude oil processing in December rises 4% y/y: Govt data

India's Bharat Petroleum Corp plans to shut its multiple refineries for maintenance in the coming months

World stocks, dollar edge higher as economic data keeps US Fed on track

The euro slid 0.29% to $1.0857, just off from a nine-month high of $1.09295 it touched on Monday

Maharashtra sugar mills likely to shut early as rain hits cane supply

Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1

Govt may peg gross market borrowing below Rs 16 trillion in 2023/24: Report

The poll also suggested that the government would bring the budget deficit down to 6.0% of GDP in 2023/24. It aims to reach a target of 4.5% by 2025/26