Page 760 - Reuters

Edtech start-up UpGrad's chief executive Arjun Mohan steps down

The departure comes as the edtech company was trying to internally cut marketing costs and become profitable

Carlyle Group acquires majority stake in beauty brand VLCC for $300 million

Founded in 1989, VLCC has a network of 210 retail "clinics" in 118 cities across 11 countries in South Asia, the Middle East and Africa

Wheat harvest could hit record on higher planting area, favourable weather

Higher wheat output could encourage India to consider lifting a ban on exports of the staple and help ease concerns over persistently high inflation in food prices

Govt expects utilities' annual coal demand to surge 8% to 821 mn tonnes

State-run Coal India, which accounts for 80% of India's coal production, is seen supplying 620 million tonnes to the power sector in 2023-24, compared with a projected 580 million tonnes in 2022-23

Oil prices fall as concerns over higher interest rates crimp demand

Brent futures for March delivery fell 43 cents to $79.22 a barrel, a 0.5% drop, by 0522 GMT. U.S. West Texas Intermediate crude fell 36 cents, or 0.5%, to $74.27 per barrel

Private-equity firm Carlyle Group buys majority stake in India's VLCC

VLCC founders Vandana Luthra and Mukesh Luthra will continue to hold a significant stake in the company, Carlyle said

US FTC probes Pepsi, Coca-Cola over price discrimination, says report

The US antitrust law prevents large franchises and chains from engaging in price discrimination against small businesses

Pfizer CEO rules out talk with China on generic Covid drug Paxlovid license

Bourla said the company had shipped thousands of courses of the treatment in 2022 to China and in the past couple of weeks, had increased that to millions

Jaguar Land Rover sees December quarter free cash flow above $485 million

The British automaker, in its earnings statement for the second quarter, had forecast a positive cash flow for the second half of fiscal year 2023 and "near breakeven" for the full year

Retail inflation likely remained steady at 5.9% in December, finds poll

The Jan. 4-9 poll of 45 economists put consumer price inflation at 5.90% in December from a year earlier, little changed from an eleven-month low of 5.88% in November

Power Ministry asks utilities to import 6% of coal requirement until Sept

Coal accounts for more than 70% of India's power generation, with coal-fired plants accounting for more than three quarters of India's use of the polluting fuel

Microsoft in talks to invest $10 bn in ChatGPT owner, says report

The funding includes other venture firms and will value San Francisco-based OpenAI at $29 billion

Google challenges CCI's Android antitrust ruling in Supreme Court

The challenge comes after Google suffered a setback on Wednesday when an appeals tribunal rejected its request to block the antitrust ruling

Gold hits eight-month peak as dollar slips on US Fed slowdown bets

Higher interest rates dim bullion's appeal as an inflation hedge and raise the opportunity cost of holding the non-yielding asset

India's fuel demand hits 9-month high in Dec due to uptick in PV sales

On a daily basis, consumption of gasoline rose marginally in December compared to the previous month

President Joe Biden visits US-Mexico border as immigration issue hots up

The visit seemed designed to showcase a smooth operation to process legal migrants

'India needs to invest up to $100 bn annually more for 2070 net-zero goal'

Companies in India are already investing $65 billion-$100 billion to cut carbon emission from existing and new capacities

Delivery time gets longer for some Tesla models in China after discounts

The waiting time for orders of the rear-wheel-drive and long-range versions of Model Y was a week longer on Monday than it had been on Friday, Tesla's website showed

Oil prices surge over 3% on demand optimism as China's borders reopen

Brent crude was up $1.96, or 2.5%, at $80.53 a barrel by 1450 GMT while U.S. West Texas Intermediate crude rose $2.10, or 2.9%, to $75.87

IDBI Bank gets domestic, global bids for stake sale, says Dipam secy

On Saturday, the government said it got multiple bids for the majority stake in IDBI Bank