LONDON (Reuters) – Britain has completed the majority of sections of a free trade agreement with India but will only sign off on the deal once happy that it is fair and reciprocal, trade department minister Greg Hands said on Wednesday. “We have already closed the majority of chapters and look forward to the next …
UK says has completed most of India trade deal, will only sign once happy Read More »
BENGALURU (Reuters) – Indian carbon black maker PCBL Ltd reported a 4.9% fall in second-quarter profit on Wednesday, as higher costs offset robust sales of the tire strengthening material. A spike in crude oil prices following the Russia-Ukraine war and accompanying inflationary pressures have resulted in increased costs of production for carbon black. Profit fell …
India’s PCBL posts 4.9% fall in second-quarter profit on rise in total expenses Read More »
By Praveen Paramasivam and Aditya Kalra NEW DELHI (Reuters) -Alphabet Inc’s Google should not restrict app developers from using third-party billing or payment processing services in India, the country’s antitrust body said on Tuesday, as it fined the U.S. giant $113 million for anti-competitive practices. The Competition Commission of India (CCI) said Google used its …
India orders Google to allow third-party payments, slaps on another fine Read More »
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korean flat-screen maker LG Display Co Ltd posted its second consecutive quarterly loss and cut its investment budget, as soaring inflation and a gloomy economic outlook dealt a further blow to demand for TVs and smartphones. Tech gadget makers made large cuts to inventory and …
LG Display posts bigger-than-expected Q3 loss on sluggish device sales Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices edged higher on Tuesday, rebounding from an early fall of more than $1 a barrel, on a lift from a weaker dollar and supply concerns highlighted by Saudi Arabia’s energy minister. Brent crude futures rose 26 cents to settle at $93.52 per barrel, while U.S. West Texas …
Oil prices rise on weaker dollar, supply worries Read More »
(Reuters) -Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals, the Mint reported on Tuesday, citing two people with direct knowledge of the matter. The world’s biggest retailer is keen to bring in strategic investors …
Walmart to raise up to $3 billion for Flipkart – Mint Read More »
By Kavya Guduru (Reuters) – Gold reversed course to trade higher after the dollar fell as weakness in the U.S. economy fuelled expectations the Federal Reserve would likely slow the pace of its interest rate hikes. Spot gold was up 0.4% at $1,654.58 per ounce as of 1:45 p.m. ET (1745 GMT), while U.S. gold …
By Rama Venkat BENGALURU (Reuters) -Indian shares snapped seven straight sessions of gains on Tuesday, weighed down by losses in consumer stocks, while investors assessed prospects of a less aggressive Federal Reserve on rate hikes going ahead. The blue-chip Nifty 50 index was down 0.42% at 17,656.35 at close, while the S&P BSE Sensex ended …
Indian shares snap 7-session gaining streak as consumer stocks weigh Read More »
By Toby Sterling AMSTERDAM (Reuters) – Tata Steel’s Dutch arm plans to supply Ford plants in Europe with “green” steel after 2030, under a preliminary agreement reached by the two companies on Tuesday. Tata plans to start producing green steel – or steel made without using fossil fuels – in 2030 at its plant in …
Tata Steel’s Dutch arm signs MOU to supply Ford with green steel Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – The spread between Indian government bond yields and their corporate counterparts is expected to widen in the second half of this year, as tight liquidity and increased borrowings will push investors to demand higher returns, analysts said. “Many corporates and state-run companies that delayed borrowing will have to tap …
India’s govt, corporate bond yield spread to widen on rising supply -analysts Read More »
