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US AAA credit rating may be downgraded by Fitch on debt-limit impasse

Economists project a US default could trigger a recession, with widespread job losses and a surge in borrowing costs

Increased Russian crude flows to Asia are redrawing the world's oil map

Exports from traditional suppliers are being squeezed. Flows to the pair from West Africa and the US have collapsed by more than 40% and 35%, respectively.

RBI may need to buy $18 bn of bonds to replenish banking liquidity: ICICI

India's central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish banking liquidity that's expected to tighten later in the year, according to a top banker.

China worries spur $56-billion luxury rout; Arnault loses $11 billion

On Tuesday, he gave back some of those gains. LVMH shares fell 5% in Paris - the most in more than a year - amid a broader decline that erased about $30 billion from the European luxury sector

Billionaire Infosys founder Murthy to double private firm's investments

Catamaran Ventures, based in Bangalore, employs about 15 staff in India overseeing holdings spanning e-sports, insurance and Elon Musk's Space Exploration Technologies Corp

Centre plans sweeping overhaul of digital law as Indian market swells

The changes will impact how Alphabet Inc.'s Google to Meta Platforms Inc. to Amazon.com Inc. do business in a market the government estimates will expand to 1.3 billion internet users by 2025

Law-firm Dentons grows in India as Baker McKenzie, others weigh new rules

Confusion persists on the reciprocity framework, the restriction to advise only "foreign" clients in India, and the bar on "fly-in, fly-out" if the law firm has a local office, among other issues

Anil Agarwal's Vedanta raises about $850 million via JPMorgan, Oaktree loan

Investors have been closely watching Vedanta's debt load as rising interest rates worldwide intensify pressure on low-rated borrowers

Covid kills one person every four minutes as vaccination rates fall

Covid is still a leading killer, the third-biggest in the US last year behind heart disease and cancer

India's airlines: Both Go First and bankruptcy laws need a rescue

Insolvent airline Go First will be a test of whether the country is ready to rebalance creditors' rights and shareholders' privileges

One in three people will live in dangerously hot areas by 2080: Report

If emissions are reduced enough to limit global warming, it will bring down the number of people affected to 90 mn in India

Papers left on car roof may keep world's biggest nuclear plant shut

Safety lapses and strict regulatory process have stopped Japan from restarting most of its nuclear reactors shut in the wake of 2011 Fukushima disaster

US default scenarios span from localised pain to Jamie Dimon's 'panic'

Broader disruption in financial markets would quickly put focus on the Fed, which during the 2011 debt-limit showdown compiled a backstop menu of options to avert systemic collapse

Banks set for a profit boost as RBI calls for withdrawal of Rs 2,000 notes

The step could boost deposits by as much as 2 trillion rupees through the end-September deadline to exchange the notes, the asset manager said

India, Mexico 'Best Structural Stories' in emerging markets: Global X

India is also in "prime spot" to benefit from the shift in supply chains away from China, he said

GQG's Jain raises stake in Adani stocks by 10% to $3.5 bn; to buy more

That initial investment in the beleaguered conglomerate bolstered the tycoon's companies after they were accused of "brazen" stock-price manipulation and corporate fraud

Russia pushes India for help to avert its global financial isolation

Many countries in the so-called Global South including India have stayed mostly neutral over Russia's aggression against Ukraine. That balancing act was on display at a Group of Seven summit in Japan

Vivriti seeks $250 mn for India's debut ABS private debt investment

"It will be a performing private credit, which is targeting a rupee return of 11%-12% for its investors, implying a dollar return of anywhere between 7% to 8%," Sukumar said

With Adani, Agarwal under scrutiny, India's privatisation drive stalled

Of three dozen companies originally identified for sale, officials are now left with a list of just 17 - 10 unlisted and 7 listed - largely because of legal and insolvency issues.

Meta hit with record $1.3-billion fine in EU over US data transfers

Meta given six months to stop 'the unlawful processing, including storage, in the US' of transferred personal EU data