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India's inclusion in global bond index not enough to lift rating: Moody's

De Guzman's comments mirror global investors' generally bullish outlook on the country that's been layered with notes of caution about macroeconomic challenges

Iranian President's Raisi death leaves Khamenei's succession in focus

His death, along with that of Foreign Minister Hossein Amirabdollahian, was announced by state media early on Monday after rescuers spent hours trying to locate and reach the accident site

LS polls Phase 5: Mumbai heads to vote today as Oppn gets renewed boost

Elections in Maharashtra state, where Mumbai is located, have been fairly predictable until 2019 with the regional Shiv Sena party dominating in alliance with the BJP

'No sign of life' at crash site of helicopter carrying Iran's Raisi, others

Raisi, an ultraconservative cleric in his 60s who won Iran's presidential election in 2021, has been seen as a favourite to eventually succeed Supreme Leader Ayatollah Ali Khamenei

China's housing rescue is too small to end ongoing crisis, say analysts

The decline in China's sales of new homes accelerated in recent months, with households increasingly preferring to buy in the secondary market

Global rate cuts: Slowing inflation primes G-7 central banks for June

Days after US data revealed cooler-than-expected consumer-price growth, the UK, Canada and Japan will all publish numbers for April that are likely to go in the same direction

Goswami Infratech sweetens offer to bondholders, in return for more time

Goswami Infratech is an investment company within the Shapoorji Pallonji group under billionaire Shapoor Mistry. Its projects include apartments, warehouses, parking spaces and shops

Federal Reserve Chair Powell tests positive for Covid-19: Spokesperson

Powell, 71, previously tested positive for Covid in January 2023. The next meeting of the Fed's policy-setting committee is set for June 11-12

Apple's 27% App Store fee an attempt to comply with law, senior exec says

Carson Oliver, senior director for business management for the App Store, testified that Apple hired economic consulting firm Analysis Group Inc. to help create a new commission rate for purchases

ByteDance asks US court to speed up lawsuit over divest-or-ban law

TikTok urged the appeals court to decide on the merits of the case by Dec. 6 so there is adequate time to request an emergency review by the Supreme Court

Climate change likely to intensify India heat wave, says scientists

Night-time temperatures are unlikely to fall below 34 degree celcius for the period, making this event 'particularly alarming'

Kedaara Capital breaks mold for Indian PE firms with record capital raise

Kedaara Capital has raised a record $1.7 billion to put it on par with the deep-pocketed global players that have dominated the space for years

Gaza war tragic, terrible, but not a 'genocide': Israel tells UN court

The ICJ's panel of judges is hearing arguments from Israel at the court on Friday after hearing from South Africa on Thursday afternoon

Vladimir Putin, Xi Jingping vow to cooperate against US 'containment'

The two leaders also warned of "increased strategic risks" from spiraling tensions between nuclear powers

Huawei backed research at US institutions becomes subject of House probe

Huawei, which is blacklisted by the US government, secretly funded a research competition that has awarded millions of dollars through the Optica Foundation

Global investors' preference for AI hits India IT stocks' heft as tech bets

Traditional software companies' earnings and valuations are at risk because their business models are not evolving with the times, said Deven Choksey, managing director of DRChoksey FinServ Pvt

China's housing market crash could hurt millions of promising careers

The value of new-home sales from the 100 biggest real estate companies was down about 45% in April from a year earlier

Walmart shares surge, market value hits $500 billion as results impress

Its shares climbed 7 per cent, the most since March 2020, to close at an all-time high of $64

Eversource Capital, India's top climate investor, seeks to raise $1 bn

Eversource's 32-member team is already on the look out for projects and companies that seek to combat climate change to invest in from the next fund

Number of ultra rich grows, more worth over $100 bn than ever before

Leading the pack is LVMH founder and Chief Executive Officer Bernard Arnault, 75, with a net worth of $222 billion