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Shadow lenders decline after RBI tightened norms for investments by banks

Indian Shadow lenders declined after the nation's central bank tightened norms for investments by banks and other regulated entities into alternative investment funds to plug lending loopholes.

Paytm's billionaire founder-CEO bets on young wealth to hit profit sooner

Billionaire founder-CEO Vijay Shekhar Sharma is overhauling its suite of money management products to better tap growing wealth among younger users, who're warmer to the idea of investing online

Spanish govt to buy Telefonica stake worth as much as $2.2 billion

Sepi, Spain's investment vehicle, will buy as much as 10 per cent of Telefonica's shares - a stake that may total more than €2 billion - in an effort to provide "greater shareholder stability"

Netherlands Tata Steel plant forces choice between public health or economy

Locals have voiced concerns about the factory's pollution for decades. However, it was only in September that the Dutch national public health agency first established a direct link

Hong Kong to offer residency to wealthy for $3.8 million investment

Known as the Capital Investment Entrant Scheme, the plan was announced during Hong Kong Chief Executive John Lee's policy address in October.

Masimo CEO open to settling Apple watch rift but says it takes two to tango

The International Trade Commission ruled earlier this year that the Apple Watch violates two Masimo patents related to blood-oxygen sensing

Tesla analysts eyeing electric vehicle slowdown turn more cautious on 2024

Some of the EVs made by Tesla may no longer qualify for government subsidies in the US and in some European countries in 2024, putting further pressure on the company's revenue

Donald Trump's 2024 win means loss of US democracy, warns Joe Biden

The Biden campaign has increasingly focused on Trump as the likely, if not certain, Republican nominee as it braces for a rematch of 2020

World's best and worst airports for 2023 offer plenty of surprises

This year's survey reflects data collected from Jan. 1 to Sept. 30, plus survey responses from more than 15,800 passengers.

Donald Trump ineligible to serve as US prez, says Colorado Supreme Court

Colorado's Supreme Court issued the ruling, barring Trump from the state's primary ballot, but stayed the decision to allow the former president to appeal, which his campaign said he plans to do

Red Sea chaos has shippers bracing for weeks without key trade route

So shippers are sending vessels the long way around Africa, adding $1 million in costs - and seven to 10 days - to each voyage. Oil prices are creeping higher

Can a US-led naval force protect ships, oil in Red Sea, Persian Gulf?

In recent weeks, the Houthis have conducted an escalating series of attacks against merchant shipping using drones, ballistic missiles and commandos on helicopters and speedboats

US says China curbed 'dangerous' military acts after Xi Biden meet

That development suggests relations between the world's two largest economies are improving after Biden and Xi met in San Francisco in November for the first time in a year

Amazon sellers worry over misleading AI product reviews impacting sales

Product reviews have been a central part of shopping on Amazon for almost three decades, providing word-of-mouth referrals that boost the confidence of those who otherwise might be hesitant

Blackstone to exit embassy office parks in biggest India block sale in FY24

Affiliates of Blackstone Inc. are seeking to exit India's Embassy Office Parks REIT in an $833 million deal that will be the country's biggest block trade this year

Alphabet reaches $700 mn deal in Google Play feud, to alter policies

The deal disclosed in a court filing late Monday calls for tweaks to Google Play policies designed to reduce barriers to competition in the markets for app distribution and payment processing

Hindenburg's Adani Group, Icahn calls mark year of prominent bets

The US firm kicked off 2023 with allegations of accounting fraud and stock manipulation against Indian billionaire Gautam Adani's conglomerate that led to a market value erosion of more than $150 bn

Govt lashes out at IMF for saying currency intervention excessive

As a result, the IMF reclassified India's foreign-exchange regime to a "stabilized arrangement" from a "floating" system, it said in its annual Article IV country report released on Monday

Share-sale frenzy in Indian market seen continuing in 2024, say bankers

Initial public offerings and follow on share sales in India this year exceeded Hong Kong for the first time in at least 30 years, according to data compiled by Bloomberg

Apple Inc loses one of its last remaining designers from Jony Ive era

The executive worked on hardware design for Apple's main products and helped craft the look of its headquarters and retail stores