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Reliance suspends Sikka port's diesel, oil products exports due to cyclone

Reliance said in a letter sent to traders that it had declared a force majeure on exports from Sikka due to the storm, which weather forecasters say could hit India's western state of Gujarat

IndiGo co-founder's family likely to sell stake worth up to $909 mn: Report

The family of IndiGo's co-founder Rakesh Gangwal was likely to sell between 5% and 8% stake in the Indian airline's parent InterGlobe Aviation Ltd, CNBC Awaaz said in a report, citing sources.

European stocks rise ahead of US inflation data, ECB and US Fed meeting

By Elizabeth Howcroft

India, UAE to raise non-petroleum trade to $100 bn by 2030: Piyush Goyal

India and the United Arab Emirates have mutually agreed to raise non-petroleum bilateral trade between the two countries to $100 billion by 2030, the South Asian nation's trade minister said on Monday

Power plants using imported coal to operate at full capacity till September

Many power plants in India, including those owned by Adani Power and Tata Power use imported coal, but were not operating at full capacity, adding to challenges for the country in meeting power demand

Productivity growth critical for recovery of emerging economies: Patra

Michael Patra, in a speech delivered at the Sixth Asia KLEMS Conference on Sunday, said it is widely believed that structural slowdown has been spreading across the global economy after growth peaked

FinMin to meet Moody's on June 16, to pitch for sovereign rating upgrade

The Indian finance ministry officials will meet credit rating agency Moody's Investors Service on June 16 and pitch for a sovereign rating upgrade, two government sources told Reuters

Wedding bells go silent: Marriages in China slump to historic low

China's birth rate fell last year to 6.77 births per 1,000 people, the lowest on record, from 7.52 in 2021.

Billionaire George Soros hands control of $25-billion empire to son

Alexander will also head his father's foundations

In the end... they're coming after you: Donald Trump rallies supporters

Indictment of Trump set to be a focal point of the Republican nomination contest

World Bank needs new playbook to boost private investment in EMs: Banga

Banga told CNN's Fareed Zakaria GPS program that efforts now under way to stretch the World Bank's lending capacity and revamp its business model could potentially free up tens of billions of dollars

Ola Electric to start meeting investors for IPO next week in Singapore

With the IPO still some way off, Ola is embarking on investor meetings earlier than usual to explain the business potential of India's nascent EV market

Netflix, Amazon, Disney-backed group protests India's tobacco rules: Report

As part of India's anti-tobacco drive, the health ministry last month ordered streaming platforms to insert static health warnings during smoking scenes within three months

IIFL Finance keen to raise more funds through bond market, says CFO

As on March 31, the company's total borrowing stood at nearly 40 billion rupees ($485.07 million). Its borrowing mix currently comprises 60% from banks, 20% from the bond market

Equity mutual fund inflows halve in May; SIP contributions hit record: Data

The slide in equity mutual fund inflows was offset by steady foreign inflows in domestic equities, prompting a 2.60% rise in the Nifty 50 index in May

SBI to raise up to Rs 50,000 crore in FY24 by issuing debt instruments

State Bank of India plans to raise up to 50,000 crore rupees ($6.06 billion) this financial year by issuing debt instruments, as lenders look to meet rising demand for credit

Credit Suisse puts up China brokerage venture for sale due to takeover: Rpt

Credit Suisse and a joint venture partner are seeking buyers for their China securities brokerage business due to the Swiss bank's takeover by rival UBS

Power shock:  Euro zone saw winter recession, more challenges ahead

Along with Germany, GDP also declined in Greece, Ireland, Lithuania, Malta, and the Netherlands

Nomura India's Head of Investment Banking Utpal Oza steps down: Report

Amit Thawani, managing director and head of coverage investment banking has taken over from Oza, the sources said

Rice rates at three-month high on low supplies, paddy price hike

India's 5% broken parboiled variety was quoted at $388-$395 per tonne, up from last week's $375-$380