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Mukesh Ambani is again richest Asian as China's Zhong loses $22 billion

With a net worth of about $80 billion, Ambani is again richer than Zhong Shanshan, whose bottled-water company tanked a record 20 per cent this week

India beats China at its own game in Covid-19 vaccine diplomacy

Competition among poorer nations to get cheap or free vaccines to fight the pandemic had given China a golden chance to strengthen ties in emerging markets it has been courting for years

India's sudden peace push with nuclear rivals China, Pak shows Biden impact

The detente in South Asia shows all three countries responding to initiatives from the Biden administration

Judge in Google case disturbed that company tracks even 'incognito' users

Weighing Google's attempt to get the suit dismissed, judge said she finds it "unusual" the firm would make "extra effort" of data collection if it doesn't use it to build user profiles or targeted ads

India looks set to beat recession even as new coronavirus cases loom

India will become one of the few major economies to post growth in the last quarter of 2020, with any improvement in the economy's performance inversely tied to a drop in Covid-19 infections

Standard Chartered CEO's pay drops by 29% amid 2020 profit miss

Winters' total renumeration dropped to £3.8 million, down from £5.4 million in 2019

US' biggest crypto bourse Coinbase files IPO papers for Nasdaq listing

The company won't raise any proceeds in the transaction, Coinbase said in a filing with the US Securities and Exchange Commission on Thursday.

If you've less money than Musk, watch out: Bill Gates on bitcoin

For Gates, it's not something Main Street should buy into - plus it's bad for the environment as mining the coins requires a lot of energy.

World's biggest wealth fund dumps 15 stocks on ethical grounds

The Oslo-based fund generated $123 billion in returns in 2020, marking its second-best performance ever thanks in large part to tech stocks

GameStop Corp reignites meme stock frenzy with $7.6-billion surge

Video game retailer rose as much as 83% to $168 in New York trading

Oil prices retreat from 1-year high alongside global market selloff

Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation

Aston Martin surges as demand for $223,000 SUV brightens outlook

The company plans to produce 6,000 vehicles this year, up from just 3,394 in 2020, with the £158,000 ($223,000) DBX model accounting for much of that output

Hyundai's $900 million recall is a cautionary tale for all EV makers

There's too great a rush to get electric cars to the market. Development must be tempered by care for consumer safety and thought for the consequences to a company's bottom line

India's recession exit gains momentum on services, manufacturing

Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago

Apple has bought more than 100 companies in the last six years: Tim Cook

Apple's largest acquisition in the last decade was its $3-bn purchase of Beats Electronics, the headphone maker founded by rapper and producer Dr Dre.

Global retail banking: A particular breed heading for extinction

When HSBC and Citigroup were expanding, they were offering best-in-class consumer banking. As technology improved, local rivals have overtaken them

Reserve Bank of India concerned crypto may impact financial stability

Prime Minister Narendra Modi's administration is proposing to prohibit all private cryptocurrencies in the country and create a framework for an official digital currency

With vaccine rollout, fortunes of these covid billionaires are fading away

Almost $2.2 billion has evaporated from the net worth of Top Glove founder Lim Wee Chai and his family since October

Apollo Global Management, GIP bid for $10-billion Aramco pipeline stake

Pension funds in Abu Dhabi and Saudi Arabia have separately submitted initial bids, the people said

Tesla shares sink below the price at which it entered S&P 500 index

The stock dropped as much as 12% to $627.10 in New York on Tuesday