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India's gas consumption is estimated to have declined 6% in 2022 as record prices in the aftermath of the Russia-Ukraine conflict squeezed demand, the International Energy Agency (IEA) said on Monday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/phILKtQ

As per the revised rates, commercial LPG cylinders will now cost Rs 2,119.50 per unit in Delhi and price of domestic LPG cylinders will be Rs 1,103 per unit, in the national capital. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4MUTSXg

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The government has withdrawn trading licences of oil tankers, bulk carriers and general cargo vessels that are more than 25 years old, according to a Directorate General of Shipping (DGS) order. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fklD2at

Chief economic advisor (CEA) V Anantha Nageswaran on Tuesday said high frequency data indicate buoyant economic growth momentum and the 7 per cent GDP growth estimate for the current fiscal is very realistic. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/A3CbNt7

The rally in India’s largest consumer stocks has likely run its course as margins are near historical highs and the firms appear reluctant to boost investment, according to one of the nation’s biggest money managers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bgoBlrA

To be sure, this is what the Adani Group has proposed to the Airports Economic Regulatory Authority (AERA). The regulator will come out with the final tariff order which usually sees lower rates than the ones suggested by airport operators, something that has happened in all tariff order till now. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bAjEL5n

The Adani group is moving an investor roadshow to Hong Kong to reassure investors about its financial health and corporate governance. The two-day roadshow follows a series of investor meetings on Monday in Singapore, where executives said the Indian conglomerate has enough money to repay debt due over the next three years in addition to an $800 million credit facility. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/H7lCEvz

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The monsoon may still be about three months away, but there are already concerns that an El Nino effect bringing drought-like conditions would raise food inflation. Several research reports have highlighted the possibility of a drop in agricultural output, keeping inflation high during the current financial year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EONBPSY

As banks' chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, and state-run banks led by Punjab & Sind Bank top the chart offering a cool 8-8.50 per cent per annum. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0v15IeD

Fabindia's listed rivals Vedant Fashions , Aditya Birla Fashion and Retail and Arvind Fashions are down 14%-21% this year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pq1usX8

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 105.25. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qnV9Gus

Indian shares fell on Monday, with the benchmark Nifty briefly slipping below a key long-term average for the first time in over four months, led by tech stocks after US data reinforced fears of a prolonged high interest rate regime. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1Kue79y

The Adani Group is kicking off a charm offensive with fixed-income investors in Asia this week in a bid to stem the fallout from shortseller Hindenburg Research's allegations of accounting fraud and stock manipulation. The conglomerate backed by billionaire Gautam Adani will then hold meetings in Hong Kong at the Barclays Plc office on Tuesday and Wednesday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2yJCneF

Twitter laid off more workers late Saturday in a fresh wave of cuts meant to curb costs at the social networking company now owned by Elon Musk. Employees on teams across the company were impacted, with some learning they were laid off via an email late Saturday and others tweeting that they learned they were terminated when they could no longer log in to the internal system. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1KmQNkq

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The Chinese fintech giant has been discussing options to reduce its stake in One 97 Communications Ltd after its share percentage increased passively due to share buybacks, the people said, requesting not to be identified because the matter is private. Talks are preliminary and details could change depending on regulatory and pricing concerns, the people added. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CoEeSrP

The two wind power plants of 350 MW are scheduled to be commissioned in two years and they will be added to the national grid by 2025. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gG82DOW

This is the first meeting of the finance ministers and central bank governors of G20 -- a grouping of developing and developed nations -- under the India Presidency. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/AaZ9X1F

Both benchmarks ended Thursday about 2% higher on Russia's plans to cut oil exports from its western ports by up to 25% in March which exceeded its announced production cuts of 500,000 barrels per day. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NKWE5wv

India took over the presidency of G20 in December last year and hosted various events and conferences. The meeting of finance ministers and central bank governors is the first major event of G20 under India's presidency. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cDiwH8A

In the Sensex pack, Bajaj Finserv, Kotak Mahindra Bank, State Bank of India, Infosys, IndusInd Bank, Asian Paints, Bharti Airtel, Reliance Industries and UltraTech Cement were among the gainers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XKjMd8q

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An Air India spokesperson said the ferry flight will be operated with Boeing 777 plane that will fly out from Mumbai at around 2 pm and is expected to reach Stockholm at 11 pm (IST). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/VTHoPSc

Zee provided commitments for funding shortfalls in debt service reserve account related to certain financial facilities availed from banks by Siti, multiple exchange filings show. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RSFBj6W

Comments were sought from SpiceJet on Carlyle and awaited till the time of going to press. SpiceJet has been planning to hive off cargo and logistics company SpiceXpress. The airline says this will allow it to raise funds independent of the budget carrier. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pjHZuvd

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Coinbase, the largest US cryptocurrency exchange, posted a $557 million loss and saw revenue tumble 75% in the fourth quarter as trading volumes plunged amid a series of prominent industry bankruptcies and scandals. While the $629 million in revenue for the three-months ended in December was higher than the average analyst estimate of $581 million, it was about a quarter of the $2.5 billion registered in the year-earlier period. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PeCDY0U

Traders are now awaiting the release of minutes from the Federal Reserve's latest policy meeting hoping for an idea about officials' views on how much and how far to lift borrowing costs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SNGH1ky

Prime Minister Narendra Modi on Wednesday said the aviation sector is bringing people closer and boosting national progress with more airports and better connectivity. The Prime Minister shared a tweet by civil aviation minister Jyotiraditya Scindia about domestic air traffic touching a new post-Covid high of nearly 4.45 lakh on February 19. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LCF8dEe

The round of layoffs would be one of the company's biggest ever, according to Bloomberg, which said the firm had increased headcount from 28,000 to 45,000 over the past five years. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/C6G3cZJ

During the ground inspection, oil was seen coming out from the drain mast of engine two, the official said, adding that the inspection is in progress. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bmPi9J7

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Several parts of the country are witnessing unusually warm weather for this time of the year and peak electricity demand over the past week is already close to the record levels seen last summer. The government expects peak power demand to reach 229 gigawatts by April, compared with an all-time high of 215 gigawatts seen last summer. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lgbipEw

With Wall Street closed Monday for Presidents' Day there were few catalysts for regional investors, with focus on the release later in the week of minutes from the Federal Reserve's most recent policy meeting. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lIpcYy0

During a post budget industry event in Jaipur, Nirmala Sitharaman stated that the RBI will implement appropriate measures to control inflation within "anticipated boundaries." According to Sitharaman, the situation in emerging markets is distinct for each country, and the RBI is keeping a close eye on the Indian economy and making necessary decisions accordingly. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YXxOlPT

Concerns about access to overseas financing at the Adani Group remain even as the equity-market shock from allegations of stock manipulation and accounting fraud leveled by Hindenburg is starting to abate. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rJ6tPSk

The US Food and Drug Administration (USFDA) conducted a current Good Manufacturing Practices (cGMP) inspection at the manufacturing facility from February 6-17, the Mumbai-based drug firm said in a regulatory filing on Saturday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WjlzOpX

India’s economic activity cooled off at the start of the year as higher borrowing costs tempered demand at home and abroad, signaling more pain ahead as the global economy slows down. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uEAXZby