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Oil at $110 could prompt RBI to hike interest rate again: Morgan Stanley

As the world's third-biggest consumer of oil, India is one of the most exposed economies in Asia to rising crude prices

Oil at $110 could prompt RBI to hike interest rate again: Morgan Stanley
Updated On : 06 Nov 2023 | 10:59 PM IST

E-commerce startup Udaan to trim costs, forge partnerships ahead of IPO

Udaan, which competes with Reliance Industries Ltd. and Walmart Inc.'s Flipkart in helping smaller merchants source their goods, will make an operating profit within 18 months

E-commerce startup Udaan to trim costs, forge partnerships ahead of IPO
Updated On : 06 Nov 2023 | 10:25 AM IST

Blackstone expects most Asia deal activity in Japan and India in 2024

"India has the highest growth; it also has the most ebullient stock market," Joe Baratta, Blackstone's global head of private equity, said in an interview in Tokyo

Blackstone expects most Asia deal activity in Japan and India in 2024
Updated On : 06 Nov 2023 | 9:31 AM IST

Elon Musk debuts 'rebellious' Grok AI bot to challenge OpenAI's ChatGPT

Earlier this year, Musk was among the signatories of a petition calling for a pause in advancing AI models in order to allow for the development of shared safety protocols

Elon Musk debuts 'rebellious' Grok AI bot to challenge OpenAI's ChatGPT
Updated On : 06 Nov 2023 | 8:58 AM IST

Pacific Islands want a climate solution, but the US is not listening

That Vanuatu thought to take its dilemma to the highest court in the world demonstrates the severity of the issue

Pacific Islands want a climate solution, but the US is not listening
Updated On : 06 Nov 2023 | 8:24 AM IST

Tata Group and Vedanta offer lessons in India's industrial policy

Tata, at least, has already made the right start. By its own account, Tata Electronics is a "venture of the Tata group with expertise in manufacturing precision components."

Tata Group and Vedanta offer lessons in India's industrial policy
Updated On : 06 Nov 2023 | 7:02 AM IST

Vedanta nears deal to raise $1.25 billion funding via private loan

Representatives for Vedanta also proposed delaying payments on the dollar bonds, a plan that met with investor opposition, Bloomberg reported on Sept. 28

Vedanta nears deal to raise $1.25 billion funding via private loan
Updated On : 04 Nov 2023 | 8:25 PM IST

Cooling electric vehicle sales have Tesla, GM & Ford rethinking investments

While the battery-powered vehicle market is still expanding, the pace of growth has slowed considerably

Cooling electric vehicle sales have Tesla, GM & Ford rethinking investments
Updated On : 04 Nov 2023 | 8:18 PM IST

Why Indian single malt whiskeys could soon turn the table on Scotch

Since scotch accounts for just 2% of the whisky consumed in India, the scope for expansion has distillers in Scotland fairly smacking their lips in anticipation

Why Indian single malt whiskeys could soon turn the table on Scotch
Updated On : 04 Nov 2023 | 1:14 PM IST

Singapore may review past takeovers on grounds of national security

Under the new law, where an entity has acted against Singapore's national security interests, any change in ownership or control of the entity within 2-yrs prior to the act may be reviewed

Singapore may review past takeovers on grounds of national security
Updated On : 04 Nov 2023 | 9:21 AM IST

Amazon boosted junk ads, deleted messages to thwart antitrust probe: US FTC

The FTC alleges that Amazon's increased use of ads boosts profits while it harms sellers and consumers, making it harder for shoppers to find products they are searching for

Amazon boosted junk ads, deleted messages to thwart antitrust probe: US FTC
Updated On : 03 Nov 2023 | 11:35 PM IST

Bonds are looking attractive and set to beat cash, says Goldman Sachs

Goldman Sachs strategists see 10-year Treasury yields at around 4.6 per cent over the next 12 months, just below their current level after this week's sharp fall

Bonds are looking attractive and set to beat cash, says Goldman Sachs
Updated On : 03 Nov 2023 | 11:21 PM IST

Steel expansion plans threatened by scrap metal export restrictions

The country's consumption of ferrous scrap metal will jump 50% to 60 million tons by the end of the decade, and imports will double to about 20 million tons, it estimates

Steel expansion plans threatened by scrap metal export restrictions
Updated On : 03 Nov 2023 | 10:20 PM IST

India debut 50-year bond fully sold on increasing insurer demand

The government sold Rs 10,000 crore ($1.2 billion) of the 2073 bond at a cutoff yield of 7.46 per cent, the Reserve Bank of India said in a statement

India debut 50-year bond fully sold on increasing insurer demand
Updated On : 03 Nov 2023 | 2:20 PM IST

Top US law firms ask Harvard, Yale to take clear stance on antisemitism

Antisemitic incidents have soared since the war began, and the conflict has bitterly divided dozens of campuses, including Harvard University, Stanford University and the University of Pennsylvania

Top US law firms ask Harvard, Yale to take clear stance on antisemitism
Updated On : 03 Nov 2023 | 9:19 AM IST

Apple Inc warns of sluggish holiday quarter after sales in China slow down

Though iPhone revenue is expected to increase in the December quarter, overall sales will be similar to the year-earlier period, Chief Financial Officer Luca Maestri said on a conference call Thursday

Apple Inc warns of sluggish holiday quarter after sales in China slow down
Updated On : 03 Nov 2023 | 6:58 AM IST

70-hour workweek: Here's why Murthy's suggestion won't help India grow

The insight that the more you work, the less you produce in your extra hours on the job has a long history

70-hour workweek: Here's why Murthy's suggestion won't help India grow
Updated On : 03 Nov 2023 | 6:50 AM IST

Russia to face trial in Britain over $60 billion unpaid dues to Yukos Oil

The Wednesday ruling is the latest staging post in a sprawling legal saga that's dragged on for two decades

Russia to face trial in Britain over $60 billion unpaid dues to Yukos Oil
Updated On : 02 Nov 2023 | 11:50 PM IST

Adani Green in talks to borrow $1.8 billion loan from foreign lenders

The loan proceeds will be used to build new capacity in solar and wind projects, said the people, who asked not to be named as the matter is private

Adani Green in talks to borrow $1.8 billion loan from foreign lenders
Updated On : 02 Nov 2023 | 11:29 PM IST

Google, Microsoft bet on Stanford alum to make AI work for billion users

''Every year, big tech companies spend billions of dollars collecting training data for their AI" and machine learning models, said Manu Chopra

Google, Microsoft bet on Stanford alum to make AI work for billion users
Updated On : 02 Nov 2023 | 5:31 PM IST