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Reliance Industries stops local petcoke sales, boosts imports: Reports

Reliance Industries has stopped selling petroleum coke within India and boosted imports of the product to turn it into synthetic gas to power its refineries

India's April-Dec fiscal deficit touches 60% of full-year target: Govt data

Net tax receipts rose to Rs 15.56 trillion while total expenditure was Rs 28.18 trillion, the data showed

Indian Oil Corp Q3 net dips 92% to Rs 448 cr on higher costs, forex losses

A 40% surge in input costs pushed up total expenses by 20.4% to Rs 2.30 trillion

Dollar rises ahead of US Fed decision, but set for fourth monthly drop

The US dollar index, which gauges the currency against major peers, was up 0.31% at 102.56 on Tuesday

Dollar set for fourth monthly drop as US Fed Reserve meeting looms

The euro rose as far as $1.0913 after data showed Spanish inflation running surprisingly hot in January, before the broader mood reeled it back to $1.0851

Oil steadies after falling on rate hike worries, Russian crude flows

Brent crude futures gained 28 cents to $85.18 per barrel by 0155 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 9 cents to $77.99

Emerging mkts growth slowdown bottomed out in 2022, but risks remain: IMF

Some 15% of low-income countries are estimated to be already in debt distress and 45% more are at high risk of getting there, with 1-in-4 emerging market economies also at high risk

IMF lifts 2023 growth forecast on China reopening, strength in US, Europe

The IMF said global growth would still fall to 2.9% in 2023 from 3.4% in 2022, but its latest World Economic Outlook forecasts mark an improvement over an October prediction of 2.7%

Russian gas supply hit pushes GAIL Ltd to scout for long-term LNG

ndia's largest gas distributor reported a 93% decline in its December quarter net profit as it transmitted less gas locally due to a reduction in liquefied natural gas (LNG) supply from a deal

Adani firms lose $65 billion in value as US short-seller battle escalates

Adani Transmission, Adani Total Gas, Adani Green Energy, Adani Power and Adani Wilmar fell between 5% and 20% on Monday

Economic survey likely to peg 2023-24 growth at slowest in 3-yrs: Report

According to the report, the survey will likely caution that pressure on the rupee could continue due to the tightening of monetary policy

Infrastructure finance company REC profit rises 5% in Q3 on lower expenses

India's state-owned infrastructure finance company REC Ltd on Monday reported a 5.1% rise in third-quarter profit, as it cut down its total expenses

India economic survey likely to peg 2023-24 growth at 6-6.8%: Experts

India's annual pre-budget economic survey is likely to peg GDP growth at 6-6.8% for 2023-24, according to a source

Mangalore Refinery and Petrochemicals swings to Q3 loss due to windfall tax

MRPL swung to a third-quarter loss from a year-ago profit on Monday, hurt by the government's windfall tax on some fuel exports and a surge in the cost of materials consumed

India's Inox Leisure reports quarterly profit as hits bring back moviegoers

Inox Leisure Ltd posted profit before exceptional items and tax for the third quarter, as movie buffs returned following a string of hits and splurged on pricier tickets and in-theater purchases

Sanofi offers VRS to 800 staffers at India vaccine units amid review

The drugmaker is offering voluntary retirement scheme (VRS) to all its employees at two sites near Hyderabad

Indian wheat prices drop after PM Modi releases grain for flour millers

Prime Minister Narendra Modi's government on Wednesday allowed flour millers to buy up to 3 million tonnes of wheat from state reserves

'Sorry', says Rio Tinto after radioactive capsule lost in Australia desert

Authorities are now grappling with the daunting task of searching along the truck's 1,400 kilometre (870 mile) journey from north of Newman to a storage facility in the northeast suburbs of Perth

Gold treads water as spotlight shifts to US Fed Reserve meeting

Gold prices edged up on Monday on a weaker dollar, as investor attention moved to central bank meetings this week for clarity on their rate hike strategies

Shares and bonds markets worldwide nervy as rate-hike week looms

Stock markets worldwide halted their January rally on Monday, pausing for breath at the start of an agenda-setting week of central bank rate hikes and data releases