NEW DELHI: Profits in India’s biggest conglomerate Reliance Industries rose 9.3 percent in the December quarter, company results showed Friday, with a small decline in its petrochemical business offset by consumer division growth.

TOKYO: Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed Friday, ahead of a Bank of Japan policy decision next week.

DAVOS: From South Africa to Rwanda to Nigeria, African countries put on a show of force at the World Economic Forum this week, seeking to transform their image by grabbing private investment rather than development aid.

MUMBAI: Deep in the desert, India’s most controversial billionaire is building the world’s largest renewable energy park as he races to future-proof his coal-linked fortune.

PORT TALBOT: Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced on Friday, as the industry struggles to finance greener production of the metal.

KUWAIT: As part of the ongoing panel discussions of “Tamakan” with the executives of National Bank of Kuwait (NBK), the program hosted Mohammed Al-Kharafi, COO – Head of Group Operations and Information Technology, who shared his extensive experience gained through a long career in the banking sector, and gave them advice on the best ways to develop their career.

NEW YORK: US auto giant Ford said Friday that it is reducing production of its F-150 Lightning electric pickup, as it anticipates weaker demand for electric vehicles this year.

WASHINGTON: US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data released Friday.

LAGOS: Record inflation, a sliding naira currency and weak financial structure are keeping investors wary of Nigeria, Africa’s largest economy, with some companies even stepping away despite economic reforms under recently-elected President Bola Ahmed Tinubu.