By Kantaro Komiya TOKYO (Reuters) – Japan on Saturday became the world’s fifth country to put a spacecraft on the moon, as the space agency said its Smart Lander for Investigating Moon (SLIM) has made a soft landing on the lunar surface. The Japan Aerospace Exploration Agency has attempted the landing of the probe dubbed …
Japan’s SLIM spacecraft lands on moon, a first for the country Read More »
By Dimpal Gulwani BENGALURU (Reuters) – Indian digital payments firm Paytm posted an operating profit for the fifth consecutive quarter on Friday on account of festive season-led sales. Operating profit, which the company defines as core profit before cost of employee stock-options, was at 2.19 billion rupees for the quarter ended Dec. 31 compared with …
India’s Paytm posts fifth straight operating profit on festive demand Read More »
By Megan Davies and Divya Chowdhury DAVOS, Switzerland (Reuters) – Business leaders in Davos say they are increasingly turning to scenario planning to safeguard supply chains and lessen the potential hit from unexpected geopolitical crises. Many CEOs and executives told Reuters they foresee an upbeat U.S. economy in 2024, but are concerned about China and …
CEOs leave Davos to game out 2024 geopolitical scenarios Read More »
(Reuters) – Meetings between U.S. Treasury and Chinese financial officials in Beijing this week concluded with both sides agreeing to continue to meet regularly, the Treasury Department said on Friday. U.S. officials also indicated that Treasury Secretary Janet Yellen looked forward to a return visit to China at an “appropriate time,” the department said in …
US Treasury, Chinese finance officials agree to keep meeting after Beijing talks Read More »
BENGALURU (Reuters) – Reliance Industries’ third-quarter revenue came in slightly below estimates on Friday due to lower price realisation on its refined products and the planned shutdown of some units at its refinery complex in the western state of Gujarat. The Jamnagar complex, which houses two plants with a combined capacity of about 1.4 million …
India’s Reliance Industries posts Q3 revenue just shy of estimates on refinery shutdowns Read More »
PRAGUE (Reuters) – A Czech appeals court has ruled that Prague can extradite to the United States an Indian man accused by the U.S. of involvement in an unsuccessful plot to kill a Sikh separatist on American soil, the Justice Ministry said on Friday. A final decision on the extradition of Nikhil Gupta, 52, will …
Czech court rules Indian man can be extradited to US, justice minister to decide Read More »
By Praveen Paramasivam CHENNAI (Reuters) -Hindustan Unilever (HUL), the Indian arm of UK’s Unilever, posted a smaller-than-expected increase in quarterly profit on Friday as competition in the consumer goods space heated up and demand in rural regions remained low. Consumer goods giants, including HUL peers Nestle India and Britannia Industries, have been struggling with a …
Unilever India’s Q3 results hit by competition, sluggish rural demand Read More »
By Rishika Sadam HYDERABAD, India (Reuters) – Indian private aircraft provider JetSetGo is planning to offer more flights connecting smaller cities, as it seeks to cash in on growing demand for travel from a mushrooming class of wealthy individuals beyond the urban centres. India is the world’s fastest-growing aviation market and Prime Minister Narendra Modi’s …
India’s JetSetGo to expand in smaller cities with private jets Read More »
NEW DELHI (Reuters) – A cut in duty on mobile phone parts is the “good logical next step” for India, as the nation aims to boost production and exports, the electronics minister told CNBC TV-18 in an interview on Friday. “We have to move from import substitution to export-led growth, that is the transition we …
India minister sees case for duty cuts on mobile phone parts – TV Read More »
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Business leaders and financiers in Davos this week said they are preparing for “high for longer” borrowing costs, despite markets betting on large-scale interest rate cuts this year. Jose Minaya, CEO of global investment manager Nuveen, which manages $1 trillion in assets said markets …
Talk in Davos of ‘high for longer’ as CEOs wrestle with rates Read More »
