By Jayshree P Upadhyay MUMBAI (Reuters) – The Bombay High Court on Friday quashed the write-off of additional Tier-1 (AT1) bonds issued by Yes Bank Ltd, according to a court order. The bonds were written off as part of a restructuring plan to rescue Yes Bank in March 2020. Equity holders, on the other hand, …
India court quashes write-off of Yes Bank’s AT1 bonds – order Read More »
By Nidhi Verma and Sethuraman N R NEW DELHI (Reuters) – India’s liquefied natural gas (LNG) imports are set to recover as global prices ease, the chief executive of the country’s top gas importer Petronet LNG Ltd said.  Asian spot LNG prices have fallen due to mild weather in Europe and ample inventories, from an …
India gas imports to rise on lower global prices – Petronet Read More »
By Aditi Shah and Tim Hepher DELHI/PARIS (Reuters) -European planemaker Airbus is set to win an order for 235 single-aisle planes as part of a historic purchase of some 495 jets due to be announced by a resurgent Air India on Jan. 27, industry sources told Reuters. The deal, roughly split with rival Boeing, covers …
Airbus to win 235 single-aisle jet order under Air India relaunch -sources Read More »
By Daniel Ramos LA PAZ (Reuters) – Bolivia has chosen a consortium including Chinese battery giant CATL to help develop the South American country’s huge, but largely untapped, reserves of lithium after a lengthy bidding process involving firms from the United States and Russia. The deal announced at an event in the political capital La …
Bolivia taps Chinese battery giant CATL to help develop lithium riches Read More »
GENEVA (Reuters) – Major fishing nation China aims to approve the World Trade Organization’s agreement on cutting fisheries subsidies this year, the commerce ministry said on Friday. At a meeting in June 2022, all of the WTO’s 164 members agreed to reduce the fisheries subsidies that spur over-fishing. China is a major subsidiser, so its …
China aims to approve WTO fisheries subsidy deal in 2023 Read More »
(Reuters) -Netflix Inc’s steady stream of hit shows is helping it stand out in a crowded market while paving the way for double-digit revenue growth later this year, analysts said, after the firm topped estimates for subscriber additions. Shares of the streaming pioneer surged more than 8% on Friday, as its fourth-quarter earnings report showed …
Netflix’s ability to churn out hits gives it an edge over rivals Read More »
By Muhammed Husain (Reuters) -Banknote printer De La Rue said on Friday it had been made aware of an investigation by Indian authorities into a former Indian finance secretary in which the historical activities of De La Rue in India prior to 2016 have been implicated. De La Rue said in a statement it had …
Banknote printer De La Rue says made aware of India probe Read More »
BENGALURU (Reuters) – Indian IT services provider LTIMindtree reported a 4.7% drop in third-quarter profit on Friday, as rising costs took the sheen off the company’s first-ever earnings report. LTIMindtree, formed when the merger of Larsen & Toubro’s IT unit with Mindtree closed in November 2022, said net profit fell to 10.01 billion rupees ($123.4 …
Indian IT firm LTIMindtree posts profit drop in first quarterly report Read More »
By Hyonhee Shin and Daewoung Kim SEOUL (Reuters) – Fire swept through part of a shanty town in the South Korean capital, Seoul, on Friday, destroying 60 homes, many constructed from cardboard and wood, and forcing the evacuation of around 500 people. Emergency services took five hours to put out the blaze, which erupted before …
Hundreds evacuated as blaze erupts in slum next to Seoul’s posh Gangnam district Read More »
QUETTA, Pakistan (Reuters) -At least fifteen people were injured when a bomb blast derailed a passenger train in the southwestern Pakistani province of Balochistan on Friday, a provincial government official said. The attack – which was claimed by the Baloch Liberation Army, a regional separatist group – derailed eight carriages including the locomotive, Deputy Commissioner …
Blast claimed by separatist group derails train in southwest Pakistan Read More »
