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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/H7zITDo via IFTTT

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/qMn8Q4H via IFTTT

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The government has withdrawn trading licences of oil tankers, bulk carriers and general cargo vessels that are more than 25 years old, according to a Directorate General of Shipping (DGS)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/tECiBkL via IFTTT

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/qgw3WXE via IFTTT

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/DXFfqWM via IFTTT

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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/ocPIsqb via IFTTT

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/IRQVkYe via IFTTT

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/jsVoxkq via IFTTT

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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/YwIF1vX via IFTTT

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On Wednesday, NCLT admitted a insolvency plea against ZEEL by private sector lender IndusInd Bank and also appointed Sanjeev Kumar Jalan as the resolution professional in the matter. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dDCo5hV via IFTTT

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/8VQveEx via IFTTT

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/BhQesMg via IFTTT

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/iCbDXn6 via IFTTT

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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/VLH3Jri via IFTTT

Against a better economic growth outlook for this year and next compared to many major rivals, the benchmark BSE Sensex Index gained over 4% in 2022, making it one of the best performers among peers that mostly saw double-digit losses. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YXDrj2A via IFTTT

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/7hHb48i via IFTTT

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McKinsey & Co plans to eliminate about 2,000 jobs, one of the consulting giant's biggest rounds of cuts ever. The firm known for devising staff-reduction plans for its clients is taking the ax to some of its own, with the move expected to focus on support staff in roles that don't have direct contact with clients. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vgxG49w via IFTTT

Shares of Adani Power declined 5 per cent, Adani Transmission fell 5 per cent, Adani Total Gas (5 per cent), Ambuja Cements (5 per cent) Adani Green Energy (4.99 per cent), Adani Wilmar (4.99 per cent) and NDTV (4.55 per cent). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0j4lcI6 via IFTTT

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/kRPbdh6 via IFTTT

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/bTjeEzL via IFTTT

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/MQkCn3z via IFTTT

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/PgSoRKN via IFTTT

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From the Sensex pack, NTPC, Hindustan Unilever, Bharti Airtel, Tata Steel, Mahindra & Mahindra, Power Grid, Larsen & Toubro, Tata Consultancy Services, HDFC and HDFC Bank were the major winners. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8E0eslb via IFTTT

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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/COdPW3T via IFTTT

Equities have struggled this month to build on January's rally, with recent data showing that the Federal Reserve still had plenty of work to do to get prices under control. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FcvSJxb via IFTTT

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/WqICQcb via IFTTT

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/OwJ4Eaz via IFTTT