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Adani Capital planning IPO as soon as 2024 at $2-bn valuation: CEO

The Gautam Adani-backed NBFC is planning to raise at least Rs 1,500 cr through IPO, says MD & CEO Gaurav Gupta

ReNew to invest $8 billion to set up green hydrogen plant in Egypt

ReNew joins several Indian companies tapping the prospects in green hydrogen, which is considered crucial to decarbonise hard-to-abate heavy industries

Vijay Shekhar Sharma seeks to reset Paytm after firm's IPO fiasco

The digital-payments provider is set to become India's first internet company to hit $1 billion in annual revenue by the end of this fiscal year in March, says Vijay Shekhar Sharma

Indian households unlikely to stop investing in stocks, says Morgan Stanley

Despite a record rise in trading by retail investors over the past eight years, Indian households remain "dramatically" underweight in the asset class, says Ridham Desai

To save the planet, it is time poor nations get paid for protection

DRC is the first developing nation to decide if rich countries aren't serious about paying the costs that their carbon emissions will impose on poorer ones, they will have to raise the cash themselves

Indian diaspora, global bankers may profit from New Delhi's dollar crunch

India isn't in the same boat as its South Asian neighbors, even though it's in the same choppy waters

China banks rush to raise debt as slowdown hikes potential bad loans

A record amount of fresh money has come from financial markets in China, with banks selling 29% more bonds in the first half of the year compared to last year

Kim Jong Un says he is ready to fight with US, 'eliminate' South Korea

Kim has been stepping up his provocations this year while US attention has been diverted toward Russia's invasion of Ukraine by firing off a record number of ballistic missiles

Energy crisis set to become worse in debt-ridden countries of South Asia

Emerging markets across the world have been devastated by surging commodity prices following Russia's invasion of Ukraine

Fed raises rates by 75 bps to tame inflation, flags weakening economic data

Policy makers, facing the hottest price pressures in 40 years, lifted the target range for the federal funds rate on Wednesday to 2.25% to 2.5%

Credit Suisse posts $1.6 bn loss in fresh blow to recovery, names new CEO

The bank saw net outflows of 7.7 billion francs as clients traded less and cut risk in response to gyrating equity markets

Megacap tech earnings in Q2 have investors looking past the Fed decision

And two titans of the tech industry are giving investors cause for optimism

Saudi Arabia may hike oil price to record even as traders see risks

The world's top crude exporter is expected to price its Arab Light crude to Asia at a $10.80-a-barrel premium to the region's benchmark for September-loading cargoes

US economy seen narrowly averting back-to-back contractions in Q2

Economists expect GDP to grow at annualised 0.4% in April-June period; consumer spending likely decelerated 1.2% on an annual basis

Walton family loses $11.4 bn after Walmart slashes earnings outlook

The Walton family fortune fell $11.4 billion on Tuesday after Walmart Inc slashed its earnings outlook for the second time this year

China's appetite for commodities is wavering after years of growth

Energy imports in particular plunged in June, capping a weak first half that may foreshadow a rare annual decline in purchases across many commodities

US Fed rate hike will intensify market risks for Asia's central banks

The expected 75-basis-points interest rate increase from the Federal Reserve this week will heap pressure on its Asian counterparts to speed up monetary tightening

And now sneaky shrinkflation is driving people crazy in the United States

Measuring inflation is hard. The goal is to capture changes in the overall price level - the numbers on every price tag - not swings in relative prices

Wuhan locks down 1 mn residents again in an echo of Covid pandemic's start

A district on the outskirts of Wuhan has been locked down, the first time the Chinese city that saw the world's first Covid-19 lockdown has imposed such a measure since 2020

Manganese and a Chinese company might help India grab a slice of the EV pie

After effectively popularizing safer and cheaper lithium iron phosphate, or LFP, chemistry for EV batteries, China's Contemporary Amperex Technology Co. Ltd. is now adding manganese to the mix