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Rice supply faces new threat as India considers more restrictions

The government is considering imposing a tax on shipments of parboiled rice, according to people familiar with matter. No decision has been made yet

SBI Fund Management turns to cash on bets RBI will hike rates further

The assessment makes it one of the very few money mangers to call for a rate increase, with most market players just pushing back the rate-cut bets to later next year

Here's why Meta's Twitter killer, Threads, needs a desktop version

It's unclear what other functionality the Threads product update will include. The company declined to comment

Shadow banking: India bets on Jio and a boom, while China hits a funk

The trajectory of financiers, especially those who don't take state-insured deposits, is beginning to diverge in the neighbouring economies

Amazon illegally called police on employees, labour board alleges

Last November, a federal judge in New York in a different case ordered Amazon to stop retaliating against employees for workplace activism

Money scams: Deepfakes, AI will drive $10 trn in financial fraud, crime

The proliferation of scam tech has alarmed regulators, police and people at the highest levels of the financial industry. Artificial intelligence in particular is being used to "turbocharge" fraud

Soaring onion prices in India may hurt PM Modi more than tomatoes

India has imposed a 40 per cent export tax on onions and plans to sell them locally at subsidised rates

Oil prices rise for third day as tighter market offsets demand risks

Meanwhile, some refined products such as diesel - the workhorse fuel of the global economy - have started pricing in scarcity this winter, boosting their premium to the oil from which they are made

Two years after catching Covid, patients still risk getting sick: Research

People who were never sick enough to be hospitalized for acute Covid still had a higher risk than uninfected people of developing long Covid-related disorders

American workers want almost $79,000 salary to start new job: US Fed survey

For men the average reservation wage was about $91,000 - and for women it was $25,000 lower than that

Elon Musk told Pentagon that he spoke to president Putin directly: Report

Musk made the comments during an October conversation with Colin Kahl, then the Pentagon's top policy official, about Ukrainian forces losing connection to Space X's Starlink service

US treasury 10-year real yield exceeds 2% for first time since 2009

Benchmark rose as much as 6 basis points to 2%, before easing little under that threshold, extending rise from 1.5% since mid-July. 30-year real yield up 6.6 basis points to 2.14%, new peak since 2011

HDFC Bank wants to ride India consumer boom after home loan dominance

The Mumbai-based bank is converting about 530 offices that previously specialized in mortgages into ones with fully-fledged banking services in the coming months, said Kaizad Bharucha

India's restrictive trade policy is working great, but for Vietnam

One way to think about this is that India is first damaging its competitiveness, and then compensating firms to set up factories in the country

Shares of Ambani's $20 bn Jio Financial Services set to debut in Mumbai

Jio Financial, which as yet boasts of little revenue but owns a 6.1% stake in Reliance, has already announced a partnership with BlackRock Inc. to set up an Indian asset management venture

Rupee outperforms its EM Asia peers even as it approaches record low

The improved economic fundamentals are why the currency is largely holding its own against the dollar - it's down just 0.5 per cent this year and is Asia's third-best performer

Tata Sons seek partnerships for UK battery plant to supply JLR EVs

The collaborations for the battery plant, capable of supplying cells for at least 500,000 vehicles a year, could range from a joint venture and sharing of knowledge to experimentation

Photoshop maker Adobe's co-founder John Warnock passes away at age 82

Warnock created the San Jose-based company in 1982 with Charles Geschke and served as chief executive officer until 2000 and as chief technical officer until his retirement in 2001

China urges banks to boost loans to support recovery, cut debt risks

Major financial institutions, especially big state-owned banks, must increase loan disbursements and avoid big fluctuations in lending

Vladimir Putin now turns to ruble and ballot to shore up authority

The Bank of Russia's emergency interest rate hike this week was not just a response to the latest fall in the ruble but part of a wider effort to subdue inflation before the vote