Business
Should aim to become clean energy exporter by 2030: Former NITI CEO Kant
Kant called for improvements in India's energy infrastructure, including smart grids. | File Photo: Kamlesh Pednekar 3 min read Last…
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Business
High Ulip share to weigh on life insurance companies' margins in Q2
High share of low-margin unit-linked products (Ulips) and increased investments in distribution channels are likely to weigh on listed…
Business
Goldman Sachs sees high bar for IPOs easing as market broadens
THE spreading of the rally across equity markets into more than just a handful of stocks is making room for more initial public offerings,…
Business
Meesho records 40% increase in total orders during annual festival sales
Meesho's flagship sale held from September 27 to October 6, 2024. 2 min read Last Updated : Oct 07 2024 | 7:50 PM IST SoftBank-backed…
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Japan’s Nissan to invest in auto tech firm ChargeScape
JAPAN’S Nissan Motor said on Monday (Oct 7) it would invest an undisclosed amount in ChargeScape and roll out the battery charging…
Business
US: Wall Street opens lower as changing rate expectations boost yields
Wall Street’s main indexes fell at the open on Monday (Oct 7), pressured by a rally in Treasury yields as investors dialled back bets on…
Business
Rajasthan traders flag land, transportation issues ahead of investor summit
2 min read Last Updated : Oct 07 2024 | 6:40 PM IST The Rajasthan government is gearing up for a three-day investment summit in December.…
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Saudi Arabia tees up multibillion-dollar bet on hydrogen
SAUDI Arabia has been preparing to make a multibillion-dollar bet on hydrogen, and will launch a new company to produce the low-carbon…
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US dollar close to 7-week high after strongest week since 2022
THE US dollar was just off its highest level in seven weeks on Monday (Oct 7) after a rally sparked by Friday’s strong US jobs data and an…
Business
Airbus will increase sourcing of components from India: CEO Guillaume Faury
The company has more than 100 suppliers in India. | Photo: Reuters 2 min read Last Updated : Oct 07 2024 | 4:46 PM IST Airbus will…
Business
AstraZeneca signs US$1.92 billion licensing deal with HK-listed CSPC
Hong Kong-based CSPC will also get an upfront payment of US$100 million as part of the deal AstraZeneca said on Monday (Oct 7) it would…
Business
HDFC Bank raises MCLR by 5 bps for select tenures, effective October 7
2 min read Last Updated : Oct 07 2024 | 3:47 PM IST HDFC Bank has raised its marginal cost of funds based lending rate (MCLR) by 5 basis…
Business
Samsung Electronics not interested in spinning off foundry business
Samsung Electronics is not interested in spinning off its contract chip manufacturing business as well as its logic chip designing…
Business
BP drops oil output reduction target in strategy reset: sources
BP HAS abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to…
Business
LG Energy aims to double sales by expanding non-EV business
BATTERY maker LG Energy Solution said it plans to more than double sales by 2028, through aggressively expanding non-electric vehicle…
Business
RBI likely to keep rates steady as economic growth slows, global rates ease
Despite the recent dip, a Reuters poll has estimated that inflation will pick up again, to average 4.5 per cent this fiscal year and 4.3…
Business
BOJ highlights broadening wage, price gains but warns of potential risks
Core consumer inflationaccelerated for the fourth straight month in August and tracked comfortably above the central bank's 2 per cent…
Business
Tokyo Metro looks to raise up to US$2.4 billion in largest Japan IPO since 2018
TOKYO Metro has set a price range at 1,100 to 1,200 yen per share, against an initial estimate of 1,100 yen, a regulatory filing showed on…
Business
Bandhan Bank share price rises 3% after Q2 total deposits jump 27% YoY
2 min read Last Updated : Oct 07 2024 | 11:56 AM IST Bandhan Bank share price: Shares of private lender Bandhan Bank rose as much as 2.88…
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Commerzbank would lose clients in UniCredit merger, German lender’s CEO says
COMMERZBANK and UniCredit did not discuss a merger at a recent meeting, the German lender’s CEO Bettina Orlopp told a local newspaper,…
Business
Maldives president Muizzu to meet PM Modi amid growing economic woes
New Delhi: President Droupadi Murmu and Prime Minister Narendra Modi welcome Maldives President Mohamed Muizzu and his wife Sajidha…
Business
Bank Indonesia intervenes in FX markets after rupiah slump
Bank Indonesia is intervening in the spot, domestic non-deliverable forwards and bond markets to maintain the balance of currency supply…
Business
Commerzbank would lose clients in UniCredit merger, says CEO Orlopp
Orlopp, who has expressed support for Commerzbank's strategy of independence | Photo: Reuters 2 min read Last Updated : Oct 07 2024 | 9:49…
Business
Hedge funds bought yen right before the biggest drop in 15 years
HEDGE funds turned bullish on the yen just before dovish comments by Japan’s new prime minister and a robust US jobs report helped spark…