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Adani stocks found buyers in India's retail investors during Hindenburg row

Individual holdings in nine of the group's 10 stocks at the end of December are higher than they were before the short-seller's attack on the conglomerate, exchange data compiled by Bloomberg show

Shipping industry CEOs see no short-term end to Red Sea disruptions

Among the other leaders watching the renewed threats to supply chains was European Central Bank President Christine Lagarde

Apple dethrones Samsung as top phone maker for first time since 2010

The iPhone accounted for a fifth of the global market with close to 235 million shipments last year, research firm IDC estimates. Samsung, whose shipments slumped double-digits to 226.6 million

US industrial production edges up to close out consistent sluggish year

The 0.1% advance in production at factories, mines and utilities followed no change a month earlier, Federal Reserve data showed Wednesday

Africa's biggest insurer Sanlam banks on India as its home market reels

India's $3.4 trillion economy is expanding almost five times quicker than Sanlam's home market, with the World Bank forecasting 6.4% growth this year

SBI Chairman Dinesh Khara backs move to curb 'unhealthy' loan growth

Meanwhile, SBI is evaluating if it needs more capital, Khara said. It's exploring raising capital through additional Tier-1 bonds after recently issuing Tier II bonds, he said

Davos 2024: Is India's economic growth showing Chinese characteristics?

The talk in Mumbai's financial circles is about a cheery prediction by Goldman Sachs Group Inc. that by 2027 100 million Indians will enjoy incomes of at least $10,000 a year, five times the national

US-UK airstrikes slow Iran from supplying weapons to Houthis, say officials

On Tuesday, the US hit four Houthi missiles in Yemen in a preemptive strike, a far more limited move than the one carried out on Jan 11

Apple to open US App Store to allow outside payment after SC decision

Both Apple and Fortnite maker Epic Games Inc. had asked the court to hear an appeal related to the case. The justices turned down the appeals without explanation

China weighs more stimulus with $139 billion of special sovereign bonds

The proposal under discussion by senior policymakers would involve the sale of ultra-long sovereign bonds to fund projects related to food, energy, supply chains and urbanization

China showcases plan for massive 'silver economy' to serve elderly

Beijing wants to mobilize state and the private sector companies, it said in an outline released by the State Council

Elon Musk wants atleast 25% voting control of Tesla before building its AI

At Tesla's inaugural AI Day in 2021, Musk said he wanted to show that the company is more than just an electric car maker, but is "arguably the leader in real-world AI."

Asia Pacific home to most 2024 IPO debuts with India taking the lead

Asia equity capital market bankers expect India to remain among the region's most active markets throughout this year

OpenAI to roll out new tools to thwart misinformation ahead of elections

For ChatGPT, OpenAI will enable people to get real-time information about current events using the chatbot

Indian stocks' valuation premium approaches record against Chinese peers

India - long dubbed the "next China" - has emerged as an investor favorite, aided by solid earnings and a booming consumer market. It's ascent came on the back of a sluggish Chinese market

Adani Group set to start mapping famous Mumbai slums Dharavi in weeks

The conglomerate owned by tycoon Gautam Adani won a government contract to redevelop Dharavi in late 2022 and will begin surveying the roughly 600 acre densely packed neighborhood in March

Govt extends low tax on edible oil import by another year to cap prices

Traders and processors will benefit from a zero base import tax until the end of March next year, according to a finance ministry notification

Indian rupee can become a winner only if RBI loosens its grip on currency

"The Reserve Bank of India will let the rupee appreciate only gradually," said Dhiraj Nim, economist and forex strategist at Australia & New Zealand Banking Group

Here's a pessimist's guide to economic risks in 2024 and what can go right

What could possibly go wrong? After years marked by war, pandemic and bank collapse, it hardly needs saying: a lot. That includes-but is not limited to-the following

Apple to pull blood-oxygen tool from watches to avoid ban if appeal fails

The plan was disclosed Monday by Masimo Corp., which has been locked in a feud with Apple over patents related to the technology