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China holds most expansive military drills in a year around Taiwan
The drills were intended to serve as a strong punishment for the separatist acts of 'Taiwan independence' forces and a stern warning against the interference and provocation by external forces
 "China holds most expansive military drills in a year around Taiwan")
India needs 'balancing act' to manage bond index capital flows, says S&P
The index inclusion is expected to attract $40 billion in inflows in 18 months, according to estimates from Goldman Sachs Group Inc. and others
 "India needs 'balancing act' to manage bond index capital flows, says S&P")
Danske Bank opposes majority, says rupee bulls wrong as record low looms
The Reserve Bank of India is expected to let the rupee weaken steadily to help local manufacturers fight higher inflation and support exports
 "Danske Bank opposes majority, says rupee bulls wrong as record low looms")
High-speed traders piling into big short on volatility in Indian market
Volatility in Indian equities has been subdued over the past year, compared to US and Hong Kong stocks, but traders are bracing for potential swings around parliamentary election results
 "High-speed traders piling into big short on volatility in Indian market")
RIL's new venture Tira bets on AI tools to push into Indian beauty market
The local beauty segment is expected to grow at 10% between 2022 and 2027, according to a September report by RedSeer Strategy Consultants and PeakXV, beating China's 7% and the US' 5%
 "RIL's new venture Tira bets on AI tools to push into Indian beauty market")
ICC arrest warrants on Israeli leaders extremely wrongheaded, says Blinken
He added that the administration was looking at "appropriate steps to take" on the prosecutor's decision, without commenting further
 "ICC arrest warrants on Israeli leaders extremely wrongheaded, says Blinken")
Houthi rebels using weapons that can reach Mediterranean Sea, says US
The official said Houthis have access to advanced weaponry and that their deployment of anti-ship ballistic missiles is virtually unprecedented
 "Houthi rebels using weapons that can reach Mediterranean Sea, says US")
Disney to sell 30% stake in Tata Play to Tata Group, valuing co at $1 bn
The transaction values Tata Play Ltd. at about $1 billion, the people said. Tata Group took full control of the TV platform after buying the 29.8% stake from Disney
 "Disney to sell 30% stake in Tata Play to Tata Group, valuing co at $1 bn")
Bank of America bullish on rupee despite election led market volatility
The rupee inched up 0.1 per cent to 83.22 per dollar on Wednesday, the highest since April 10
 "Bank of America bullish on rupee despite election led market volatility")
Iran's centre of power moves from clerical slippers to combat boots
With Raisi gone, the Islamic Revolutionary Guard Corps, the most powerful arm of Iran's military is now well placed to become more powerful
 "Iran's centre of power moves from clerical slippers to combat boots")
Apple taps Bank of America veteran Cynthia Bowman as new diversity chief
Bowman left Bank of America Corp. earlier this year after a 17-year career there
 "Apple taps Bank of America veteran Cynthia Bowman as new diversity chief")
Indian bonds underpricing global index move, says ICICI Prudential AMC
India will be included in JPMorgan Chase & Co.'s key emerging market bond index as of next month
 "Indian bonds underpricing global index move, says ICICI Prudential AMC")
China may raise temporary tariffs on some US, EU cars, warns lobby group
Chinese EVs are under the spotlight in the EU and US, as China controls a majority of the battery supply chain and produces more EVs than anywhere else in the world
 "China may raise temporary tariffs on some US, EU cars, warns lobby group")
Tensions between states may be more dangerous than India's religious divide
India's southern states are also wary of an overbearing north. Regional parties lead opposition to the BJP in the south, as in eastern states such as West Bengal
 "Tensions between states may be more dangerous than India's religious divide")
Govt eyes Rs 1 trillion in dividend from RBI to meet budget deficit target
A big surplus transfer will help the government in meeting any shortfall in disinvestment receipts and create room for funding welfare programmes after the elections
 "Govt eyes Rs 1 trillion in dividend from RBI to meet budget deficit target")
Byju's Director Riju Raveendran 'not truthful' on missing $533 mn: US judge
The decision was a symbolic victory for lenders, represented by their agent, Glas Trust, and likely puts only limited pressure on Ravindran to cooperate in order to avoid financial penalties
 "Byju's Director Riju Raveendran 'not truthful' on missing $533 mn: US judge")
Govt asks state-run oil refiners, RIL to jointly negotiate Russia oil deal
Reliance is unlikely to share sensitive information with the state oil refiners given they're competitors in the domestic fuel market
 "Govt asks state-run oil refiners, RIL to jointly negotiate Russia oil deal")
Khamenei's confidant Mokhber takes key role in Iran as succession looms
What happens next is unclear. The election that will have to take place by July may well include Mokhber on the ballot sheet to replace Raisi on a permanent basis
 "Khamenei's confidant Mokhber takes key role in Iran as succession looms")
Apple fights 1.8 billion euro EU antitrust fine for restrictions on Spotify
The EU's crackdown on Apple also included an order to stop preventing music-streaming apps from informing users of cheaper deals away from its App Store
 "Apple fights 1.8 billion euro EU antitrust fine for restrictions on Spotify")
Govt likely to cut bond sales aided by higher cash balance: Officials
The yield on benchmark 10-year bond was little changed at 7.09 per cent on Tuesday
 "Govt likely to cut bond sales aided by higher cash balance: Officials")
