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Reliance’s profits hit by oil business slump

INDIA’s Reliance Industries reported weaker-than-expected quarterly profits Friday (21), weighed down by its oil-to-chemicals arm even as its consumer-facing divisions posted healthy profits. Reliance, owned...

Asda cuts prices of own-label products

ASDA has announced price cuts on more than 200 products as the UK’s inflation pressure eased but remained at elevated levels. The retailer said it...

Grant Shapps urges India to achieve energy security

INDIA and the UK are working closely on energy security, a senior British minister said on Friday (21). Britain’s energy security and net zero minister...

India imposes major rice export ban

INDIA on Thursday (20) ordered a halt to its largest rice export category in a move that will roughly halve shipments by the world’s...

Air India finalises engine order for new fleet

AIR INDIA and CFM International have finalised the order for LEAP engines for the carrier’s new fleet of 400 narrow-body planes. The engines will power...

Jet Airways founder raided over money laundering allegations

INDIA’S economic intelligence agency conducted searches against Jet Airways founder Naresh Goyal on Wednesday as part of a fresh money-laundering investigation against him and...

Gautam Adani plans to convert Mumbai slum into modern city

INDIAN billionaire Gautam Adani on Thursday (20) said he plans to convert India’s largest slum in Mumbai, Dharavi, into a modern city hub, a...
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