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Adani's ports-to-power conglomerate 'deeply overleveraged': CreditSights

The aggressive expansion pursued by the Adani Group, led by Asia's richest person, has put pressure on its credit metrics and cash flow, CreditSights said

Apple planning for 'made in India' iPhone 14 by Diwali 2022: Details here

The first iPhone 14s from India are likely to be finished in late October or November, following the initial September release

Russian exports of diamonds are rising again after sanctions chaos

The sudden shortage of stones sent diamond prices surging, especially for the smaller and cheaper gems that Alrosa specialises in

Global banks slice and dice $80 bn in M&A debt that no one wants

In the case of the private-equity buyout of Citrix Systems, they're cutting the debt into smaller pieces to attract a wider pool of investors

Elon Musk gets a potential boost with Twitter whistleblower's claims

Zatko claims Twitter executives failed to disclose the true extent of such accounts on the platform. His complaint was reported earlier by the Washington Post and CNN

Inflation to ease to 4% in two years after peaking, says RBI Governor

The RBI has raised policy repurchase rate by a total of 140 basis points since May, including back-to-back half point increases in June and August, to cool down inflation within its mandate

Legendary sprinter Usain Bolt files for trademarks to protect victory pose

Usain Bolt is looking to sell clothing and fashion accessories under a logo that looks like the victory pose he made famous

Chinese firm Evergrande's fall should also serve as a warning to Vietnam

China Evergrande Group's debt blowup, with the tumbling home prices and mortgage boycotts that followed, have sent the economy into its deepest spin since the Cultural Revolution

Chinese banks inflating loan numbers amid struggle to meet govt demands

Some state-owned Chinese banks are extending loans to companies and then allowing them to deposit funds at the same interest rate

Malaysia's Mahathir sees 50-50 chance of Najib Razak getting 1MDB pardon

Mahathir Mohamad, who was prime minister twice, said Malaysia's king could extend a pardon to Najib in the same way current opposition leader Anwar Ibrahim was given

The sleuths who protect cryptocurrencies from hackers are raking in money

As mass firings become the norm elsewhere in crypto, they're boosting hiring, raising prices and taking in fresh funding

Chinese tracking ship leaves Sri Lanka after controversial 6-day visit

The ballistic missile and satellite tracking ship 'Yuan Wang 5' ship was originally scheduled to arrive at the Chinese-run port on August 11 but it was delayed

Trial lawyers in England & Wales to strike indefinitely over funding, fees

The Criminal Bar Association, which represents thousands of barristers in England and Wales, said around 80% of its members backed escalation of industrial action that has run since the end of June

UK PM hopeful Rishi Sunak signals he wouldn't serve in Liz Truss' govt

Sunak, whose shock resignation last month ultimately led to Boris Johnson's downfall as premier, and Truss are at odds with each other over their plans on the economy

Bitcoin drops most in two months as global markets turn risk off

Bitcoin, the largest virtual coin by market capitalization, tumbled as much as 9.2% to $21,271, the biggest intraday drop since June 18

Credit Suisse names Dixit Joshi chief financial officer, replaces Mathers

Joshi will take over on October 1

China plans $29 bn in special loans to troubled developers: Report

Hundreds of thousands of middle-class Chinese have been caught in limbo after making down payments and taking out loans on properties that cash-strapped developers are now struggling to complete

Exports of India's lab-made diamonds may hit $8 bn amid rising US demand

Exports of polished lab-grown diamonds may double in the current financial year started April 1 from $1.3 bn in the prior year, says GJEPC vice chairman

US: AMC, Bed Bath & Beyond lead rout in meme stocks as mania fizzles

AMC Entertainment Holdings Inc. plunged 38% in premarket trading ahead of its debut of a new class of shares and after peer Cineworld Group Plc confirmed it may go bankrupt.

Fastest market rebound since 2003 invites scepticism for Indian stocks

The NSE Nifty 50 Index has surged more than 14% from a mid-June low as overseas investors turned buyers after months of withdrawals