Page 774 - Reuters/workspace/business Standard Web/video

India's Dec gold imports plunge 79%; fall by over a third in 2022: Report

The drop in imports could help in bringing down India's trade deficit and support the rupee

Alibaba Group sells Paytm stake worth $125 million through block deal

Paytm's stock fell as much as 8.8% to 528 rupees in afternoon trading, and was last down 5.8% as of 2:37 p.m. IST

CCI's 10 antitrust directives on Android that have spooked Google

Google licenses the system to smartphone makers, but critics say its restrictions are anti-competitive

Indian govt's record borrowing in FY24 likely to hit high next fiscal year

The Indian government's borrowing will likely hit a record high next fiscal year, as it prioritizes growth, which could push bond yields higher, ICICI Bank's treasury head told on Thursday

Reviewing govt's show cause notice on tax evasion, says Samsung India

DRI sent Samsung India a show cause notice, accusing it of skirting import taxes by misclassifying networking devices called remote radio heads to avail undue exemption of basic customs duty

China consumer inflation accelerates in Dec; PPI falls with soft demand

China abandoned its strict zero-Covid measures last month, lifting lockdowns, removing quarantine and halting regular testing. As a result, economists expect inflation to continue to accelerate

Oil rises on China demand optimism, Russian supply concerns amid sanctions

Brent crude rose 50 cents, or 0.6%, to $83.17 per barrel by 0135 GMT, while U.S. West Texas Intermediate crude also rose 50 cents, or 0.7%, to $77.91 per barrel

India eyes overseas copper, lithium mines to meet domestic shortfall

"A team of experts has already studied the technical aspects of the one copper and two lithium mines in Argentina by visiting the sites"

Daughter is new Dior CEO as Arnault tightens family grip on Louis Vuitton

Delphine Arnault, 47, has worked at Louis Vuitton for the past decade alongside Burke and previously spent a dozen years at Dior

Uniqlo parent Fast Retailing Co gives jolt to Japan Inc with 40% wage hike

The move by the firm is likely to heighten focus on worker pay ahead of annual spring labour negotiations

India may exempt 30 GW of solar plants from equipment duty: Report

In March 2021, the government announced 25% basic customs duties on solar photovoltaic cells and 40% on solar photovoltaic modules with effect from April 1, 2022

Thousands of flights grounded across US after FAA system outage

A total of 1,230 flights were delayed within, into or out of the United States as of 7.19 am ET (1219 GMT), flight tracking website FlightAware showed

Oil gains 2% on optimism over world economy despite US crude build

If inflation comes in below expectations, that would drive the dollar lower, analysts said, which could boost oil demand because it makes the commodity cheaper for buyers holding other currencies

India eyes overseas copper, lithium mines to meet domestic shortfall

To start with, India has identified one copper and two lithium mines in resource-rich Argentina to either acquire or secure long-term leases, the sources said

Suzuki Motor turns to Toyota for lessons on small EVs, other technologies

Japan's Suzuki Motor Corp plans to learn from partner Toyota Motor Corp how to use EV technology to build small electric cars, its president Toshihiro Suzuki told reporters

Centre to seek bids to set up green hydrogen manufacturing plants by May

The bidding process is part of a first phase of a $2 billion incentive plan announced last week to boost use of green hydrogen to cut emissions and make India a major exporter in the field

MG Motor expects EVs to make up around 20-30% of sales in India in 2023

MG Motor India, owned by China's SAIC Motor, expects electric vehicles (EV) to account for at least a quarter of its sales in India in 2023, the automaker said during the country's biennial auto show

Asian shares subdued, dollar steady as focus remains on US CPI data

US stocks ended higher as investors heaved a sigh of relief after Powell refrained in a speech from commenting on rate policy but said the Fed's independence was essential for it to battle inflation

Auto Expo 2023 set to feature electric cars, scooters on Wednesday

The clean vehicle push comes at a time when Centre is looking to cut emissions and pollution in major cities while also reducing its oil import bill

Oil prices slip as US crude, fuel inventories reignite demand concerns

Oil prices fell, erasing the previous session's gains, after industry data showed an unexpected build in crude and fuel inventories in the United States