(Reuters) – Hong Kong-based WH Group, the world’s largest pork producer, said on Friday that its shareholders had approved spinning off Smithfield Foods into a listed company in the United States. WH Group said 99.4% of its shareholders voted in favour of spinning off Smithfield Foods, which the company had proposed last month. At that …
WH Group get shareholders’ nod to spin off, list Smithfield Foods in US Read More »
(Reuters) – India’s CEAT said on Friday it would buy French tyremaker Michelin’s Camso brand for $225 million, as it looks to expand into higher-margin tyres at a time when elevated rubber prices have eaten into its profits. Camso, a Canadian brand that Michelin acquired in 2018 for $1.45 billion, makes tyres that are fitted …
Indian tyremaker CEAT to buy Camso brand from France’s Michelin for $225 million Read More »
By Neha Arora NEW DELHI (Reuters) – India will no longer need to rely on refined copper imports once billionaire Gautam Adani’s new copper smelter ramps up its capacity, the federal Ministry of Mines said on Friday. India, which identified copper as a critical mineral last year, relies on imports to address shortfalls and meet …
Adani smelter expansion will cut India’s refined copper imports, government says Read More »
By Aditya Kalra NEW DELHI (Reuters) – An Indian antitrust investigation has concluded there was no price collusion between the domestic units of delivery companies DHL, United Parcel Service and FedEx, according to three sources and a document seen by Reuters. The Competition Commission of India (CCI) ordered an investigation in 2022 into more than …
India probe clears DHL, FedEx, UPS of price collusion allegations, document shows Read More »
(Reuters) -India’s top carmaker Maruti Suzuki and smaller rival JSW MG Motor on Friday said they will hike car prices to tackle rising raw material and operational costs, joining Hyundai Motor India. Maruti plans to hike prices by up to 4%, depending on the model, while JSW MG Motor – a joint venture between SAIC …
Maruti Suzuki, JSW MG Motor hike car prices following Hyundai India Read More »
STOCKHOLM/SEOUL (Reuters) – South Korean author and Nobel Literature Prize winner Han Kang said on Friday she had been deeply shocked by the news of martial law being declared this week in her homeland, and that force must not be used to suppress the public. “I watched with shock the situation that was unfolding,” she …
South Korean Nobel prize winner Han was shocked by political turmoil at home Read More »
(Reuters) – Australia’s left-arm wrecking ball Mitchell Starc won the Adelaide round of his duel against India opener Yashasvi Jaiswal while claiming a career-best 6-48 in the day-night second test on Friday. Jaiswal smashed 161 in India’s comprehensive win in the series opener in Perth and was caught on stump mic telling Starc he was …
Cricket-Far from ‘too slow’, Starc wins Jaiswal duel in Adelaide Read More »
By Anushree Fadnavis and Sakshi Dayal SHAMBHU, India (Reuters) – Indian police used tear gas and pepper spray against dozens of farmers who began marching from Punjab state along a key highway to Delhi on Friday to demand better prices for their crops. The confrontation took place just over 200 km (125 miles) north of …
Police prevent Indian Punjabi farmers marching to Delhi to demand better prices Read More »
NEW DELHI (Reuters) -Indian police used tear gas and pepper spray on Friday to stop dozens of farmers who were trying to reach Delhi from the northern breadbasket state of Punjab to press a series of demands. Here is a look at why farmers are marching to the capital again. WHAT ARE FARMERS DEMANDING? Farmers …
By Praveen Paramasivam TIRUNELVELI, India (Reuters) – Tata Power’s newly built 4.3 gigawatt (GW) solar module and cell manufacturing facility in southern India will largely cater to domestic markets, its chief executive said, even as exports from the country have grown exponentially. Tata Power, one of India’s leading integrated power companies, has built a new …
India’s Tata Power prefers domestic market over lucrative solar exports, CEO says Read More »
