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RBI working on alternate arrangements for banks hit by EU oversight rule

The RBI is continuously engaged with ESMA and other regulators to arrive at a mutually acceptable arrangement, which recognizes the territorial independence of the host regulator, said central bank

Adani's purchase of NDTV founders' stake may test acquisition rules

While the deft legal move shows the ingenuity of the tycoon and his dealmakers in clinching acquisitions - Adani's entry into NDTV 4 months ago was also via an indirect route

A deft legal manoeuvre helped Gautam Adani cement majority stake in NDTV

Adani's entry into NDTV four months ago was also via an indirect route - it could invoke the regulator's scrutiny on grounds that it is unfair to common shareholders

China's economic activity rebounds in cities where Covid-19 peaked

While mobility still remains well below pre-pandemic levels, the quick rebound in activity in cities like Beijing - where the outbreak was most severe - suggests the economy could recover faster

China could face deluge of Covid deaths in new year without pandemic curbs

By the end of April 2023, China may see 1.7 million deaths from this wave of infections, Airfinity said

China further tightens edtech rules in fresh blow to private tutors

The latest restrictions appear in line with Xi Jinping's broader objective of reining in China's increasingly powerful private sector

Virgin Islands takes JPMorgan to court for facilitating Epstein abuse

The suit is seeking unspecified damages for violating sex-trafficking, bank-secrecy and consumer laws

Shot down 54 of 69 missiles launched by Russia, says Ukraine military

Officials earlier said more than 120 missiles were fired into Ukraine

Goldman Sachs to unveil fresh job cuts in a matter of weeks, says CEO

Top managers have been asked to identify potential cost-reduction targets, and no final job-cut number has been determined

Group financially strong, India GDP to add $1 trn every 12-18 months: Adani

Adani group is rapidly diversifying beyond ports and coal-based businesses into green energy, airports, cement, media, data centers and metals

Disney's 'Avatar: The Way of Water' crosses $1 billion at global box office

It's the fastest a film has made that much since Spider-Man: No Way Home a year ago, according to a statement from Disney on Wednesday

US immigrants generate 36% of nation's innovation, finds NBER study

About 36% of the innovative output of the past three decades can be attributed to immigrants - who make up 16% of the country's inventors, the paper concludes

Airlines worldwide keep capacity tight despite boom in Chinese demand

Bookings for outbound flights from China surged by 254% on Tuesday morning versus the same period the day prior, data shows

Tech darling that rose 2,500% in 2021 now among India's worst performers

The beating in the company's shares has wiped away 129 billion rupees ($1.6 billion) in market value

Credit market cracks widen as distressed debt nears $650 billion

Distressed debt in the US alone jumped more than 300 per cent in 12 months, high-yield issuance is much more challenging in Europe and leverage ratios have reached a record by some measures

Chinese tech giant Tencent Holdings wins approval for gaming blockbusters

It was only the second time the Chinese tech giant gained licences for blockbuster titles since Beijing resumed issuing them in April

Reorienting India's food programme a politically deft move, says Nomura

The govt last week discontinued a version of a free-food program for low income households, and replaced it with the new initiative that will also give out free grains while lowering the quantity

China job prospects, incomes plunge to new lows amid economic slowdown

But while economic activity is expected to eventually rebound, it's unclear how quick that will happen given the spread of infections and the weakness in confidence

Countries restrict entry of Chinese travellers as Beijing lifts Covid curbs

Uncertainty over the true scale of infections without reliable official figures is fueling concern that the rapid spread of the virus could lead to the emergence of new variants

As travel roars back post Covid-19 lull, airlines face shortage of planes

As travel springs back and even China dismantles the last remaining Covid curbs, one stark truth is beginning to emerge - the world is running desperately short of planes