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PSUs set to issue long term bonds worth Rs 5,000 cr to meet investor demand

None of the companies replied to Reuters emails seeking comments. The merchant bankers did not want to be named because they are not authorized to talk to media

'Govt may let foreign investors raise capital in rupees to invest overseas'

The new provision could enable investments in rupees in select nations of "strategic interest" to India, said the official with direct knowledge of the plans

Food inflation likely to drop in coming months on good harvest: Govt report

The steady progress in the southwest monsoon has supported summer sown crops, finance ministry said in its monthly economic report

US auto safety regulator gives clean chit to GM in Cruise robotaxis case

Cruise filed a recall for its software earlier this month affecting all its vehicles equipped with automated driving systems in the United States

Insurer Aegon books $400 mn hit in H1 of 2024 from higher US mortality

Analysts at Barclays and J.P.Morgan called the results mixed, after operating profit also fell 8% to 750 million euros

Walmart joins hands with Burger King to offer discounted deals to members

Walmart's members can avail discounts at Burger King, including 25 per cent off on any digital order every day, the company said

Disney-Reliance may need to dilute cricket dominance to seal merger deal

According to seven antitrust lawyers, to keep the deal alive the companies will now have to come up with structural changes to their arrangement or so-called behavioural remedies

International airlines suspend flights amid rising Middle East tensions

Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights

Russia begins to install concrete shelters in Kursk amid Ukrainian attacks

Smirnov published a photograph of one of the concrete structures being delivered by truck, city of Kursk has a population of around 450,000 people

Sri Lanka to boost tourism, approves free tourist visas for 35 countries

The country of 22 million people, famed for its beaches, ancient temples and aromatic tea, saw its tourism industry pummelled first by the COVID-19 pandemic and then by a severe financial crisis in 20

What you need to know about China's widening probe of European imports

Beijing is already assessing whether EU brandy and pork imports are being sold below market rates

India surpasses China to become biggest importer of Russian oil in July

India surpassed China's July oil imports from Russia of 1.76 million bpd via pipelines and shipments, based on Chinese customs data

Israeli tanks push deeper into central, southern Gaza, as Biden urges peace

A phone call between Biden and Netanyahu late on Wednesday followed a whirlwind trip to the region by U.S. Secretary of State Antony Blinken that ended on Tuesday without producing a breakthrough

To seal India merger, Disney-Reliance may need to dilute cricket dominance

The companies can simply sell rights of certain cricket tournaments or for a particular medium, such as TV or streaming, to meet antitrust concerns, they said

B'desh to tame inflation by interest rate hike of 9% in coming days: Report

Bangladesh Bank's new governor, Ahsan H. Mansur, appointed just a week ago, also said that he would raise interest rates further to 10 per cent or more in the coming months

French economy gets boost in August from 2024 Olympics, PMI shows

France, the euro zone's second-largest economy, has been banking on the Games to bolster its tepid growth rate

Donald Trump anxiety spurs investment in European defence startups

In June, the $1.1 billion Nato Innovation Fund (NIF) announced partnerships with venture capital firms and defence startups across Europe, aiming to bolster security on the continent

Cash-strapped Byju's insolvency case fans fears of employees, parents

India's Supreme Court is set to hold on Thursday its next hearing in the insolvency process it allowed to continue last week, when it sided with the protesting US lenders

China's extreme weather takes bite out of produce as prices rise sharply

Soaring food prices this summer present an additional headache for the world's second-largest economy, which is already wrestling with thorny problems from sluggish factory output and joblessness

Russia repels another Ukrainian attempt to pierce Kursk border: Governor

Russia's defence ministry said it had shot down 28 drones over Russian territory, including 13 in Volgograd region, seven in Rostov, four in Belgorod, two in Voronezh and one each in Bryansk and Kursk