Page 937 - Reuters

Indian refiners negotiating 6-month deal with Russia to import oil: Report

India has already bought more than twice as much crude from Russia in the two months since its invasion of Ukraine on Feb.

Russia makes last-gasp dollar bond payments in bid to avoid default

Russia's finance ministry said it had managed to pay $564.8 million on a 2022 Eurobond and $84.4 million on a 2042 bond in dollars

Russian central bank lowers key rate to 14%, warns of more cuts

The central bank met after it unexpectedly cut the key rate to 17% earlier in April

Elon Musk sells Tesla shares worth $8.5 bln, says no more sales planned

He sold about 9.6 million shares this week

Barclays suspends market making in its own debt after blunder

Barclays disclosed on March 28 that it had exceeded a U.S. limit on sales of structured products, triggering a loss and a potential restatement of 2021 accounts of two units

Oil extends gains as supply fears outweigh China Covid lockdowns

Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped Covid-19 lockdowns in China

Shell agrees to buy Solenergi Power from UK-based Actis for $1.55 bn

Shell said its unit, Shell Overseas Investment, would buy 100% of Solenergi Power Private Limited, the flagship company of Sprng Energy group, from UK-based investor Actis

Tata Motors planning to launch long-range electric cars by 2050

Last year, Tata announced plans to launch 10 EV models by March 2026, investing about $2 billion

AstraZeneca says its Covid shot still has role despite global glut

AstraZeneca's COVID-19 vaccine still has a role to play in the fight against the pandemic, even as sales slow and the company charges more in some places, CEO Pascal Soriot said

Chiratae Ventures plans to raise $600 million to bet on tech: Report

Chiratae has already invested $950 million in companies over the last 15 years

CCI seizes documents, data from Amazon, Flipkart sellers in raids: Report

The raids relate to an investigation the CCI ordered in January 2020 in which Amazon and Flipkart face allegations of promoting preferred sellers on their websites

Centre woos semiconductor makers in quest to become key global player

India will provide support for companies looking to invest in semiconductor manufacturing, Prime Minister Narendra Modi said on Friday

Global shares rise as earnings boost, US dollar hits 20-year high

The yen dropped to a 20-year low after the Bank of Japan vowed to buy unlimited amounts of 10-year bonds daily to defend its yield target

Dollar hits 20-yr high, euro at 5-yr low as yen tumbles on dovish BOJ

The dollar shot past the key level of 130 yen after the BOJ strengthened its commitment to keep interest rates ultra-low

India's wheat export boom brings a bonanza to farmers, and budget relief

For international wheat markets, India's sales are helping offset a supply shortfall resulting from Ukraine-driven disruptions in Black Sea region, crop cuts in Canada, quality downgrades in Australia

India sweats over worst power cuts in six years during extreme heat

Extreme heat parched large swathes of South Asia this week after India's hottest March on record, prompting PM Narendra Modi to warn of rising fire risks as the country heats up too much too soon

Centre asks state-run companies to consider buying Russian oil assets

Oil ministry also asked OVL, the overseas investment arm of Oil and Natural Gas Corp, to consider buying a 30% stake held by Exxon Mobile Corp, in the Sakhalin 1 project in Russia's Far East

Indonesia industry body confident palm oil export ban could end in May

He added that a palm oil export target of 34 million tonnes in 2022 would be met

Unilever raises prices, warns of more hikes on cost pressures

Unilever, Carlsberg and Pernod Ricard are increasing the pressure on consumers worldwide with higher prices for Dove soap, beer and Havana Club rum

India should drop its high foreign liquor taxes, says France's Pernod

The 150% tax on imported liquor has long been a sore point for the industry, and poses a "large challenge" for Pernod Ricard, South Asia CEO Thibault Cuny said