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India probes L&T's employee welfare arm for alleged fraud

The Registrar of Companies has issued a notice to two companies -- LandT Welfare Co Ltd. and L&T Employees Welfare Foundation -- seeking their response

Bond losses seen as RBI's rate setters move toward a hawkish stance

The benchmark 10-year yield will climb to 6.40% by December, while the five-year yield will increase to 5.90%

Credit Suisse adds risk veterans to board with UBS, Lloyds alums

Credit Suisse is working to rebuild its management ranks after the $5.5 billion hit related to losses from prime brokerage client Archegos

Covid-19: China's port shutdown raises fears of closures worldwide

The shutdown at Ningbo-Zhoushan is raising fears that ports around the world will soon face the same kind of outbreaks and Covid restrictions

India wants Tesla's local sourcing plans, roadmap before any tax breaks

The departments have also asked Tesla for its thoughts on importing fully built cars versus so-called knocked-down units or partially built vehicles

Rishi Sunak pledges 'no return to austerity' as he plots UK recovery

Gears up for a multi-year spending review in the fall, at which he'll set spending budgets for the next three years

China steps up crackdown on insurance technology companies

The regulator has ordered companies and local agencies to curb improper marketing and pricing practices, and step up user privacy protection, according to a notice seen by Bloomberg News

Moderna, BioNTech lose nearly $60 billion in value in two-day drop

The declines deepened Wednesday with Moderna closing 16% lower and BioNTech dropping 14% as trading volume picked up

Poland government passes contentious media law; defies US and EU

Parliament's lower chamber voted 228-216 late on Wednesday to approve the legislation, which ostensibly is designed to protect broadcasters from non-European takeovers

Decoded: Understanding the debate over coronavirus booster shots

US Centers for Disease Control and Prevention recommends that ad­ults receive boosters of the tetanus vaccine every dec­a­de

At 375,000, US initial unemployment claims drop for third week in a row

Continuing claims for state benefits fell to 2.9 million in the week ended July 31.

China's new regulation blueprint signals its crackdown will go on for years

The document said authorities would "actively" work on legislation in areas including national security, technology and monopolies

Edtech firm Eruditus nears $450-mn SoftBank-led funding, valued at $3.2 bn

Some existing shareholders are also offloading about $200 million stake

India set to clear Boeing 737 Max to fly again within days: Report

India, until recently the world's fastest growing aviation market, is increasingly key for global planemakers

Buying shorter debt is now a hot trade in India's bond market

Rising inflation is constraining the central bank from easing further even as the economy remains vulnerable following a deadly wave of coronavirus infections.

New York Times puts newsletters behind paywall to boost subscribers

The subscriber-only emails will be a mix of new and existing newsletters written by Times journalists and contributors in its news and opinion sections

New rich overtake old money of chaebol in Korea's billionaire rankings

Brian Kim, the founder of mobile-messaging app Kakao Corp., is the most prominent example with a fortune of $12.9 billion

Apple faces setback in bias case filed by ex-worker of Pakistani background

Anita Nariani Schulze's lawsuit says two of her former supervisors at the company were a Hindu Indian and a Muslim Pakistani.

Weary of corporate scandals, Indian fund managers outperform foreign rivals

An equal-weighted basket of Indian stocks with high domestic MF ownership and low foreign ownership outperforms a basket with the reverse profile.

Audi's latest concept is an EV that expands and contracts: Details here

Meanwhile Audi has committed €15 billion to electrification across its entire fleet