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India considers selling small stakes in its mammoth coal, zinc miners

The government is looking to sell 5%-10% in Coal India Ltd, Hindustan Zinc Ltd, Rashtriya Chemicals and Fertilizers Ltd via the so-called offer-for-sale mechanism

RBI MPC blames global factors for high inflation in letter to Centre

The war in Ukraine and resultant spurts in energy and food costs, and supply disruptions caused by the pandemic are among main reasons cited by RBI for high inflation

Global funds may invest $25 bn a year in Indian infra, says Ambit Capital

Ambit Capital MD Rahul Mody cited investment infrastructure trusts, known as InvITs, as a type of vehicle that has attracted global funds

Bangladesh seen on track to be a $1 trillion economy by 2040: BCG report

With average annual growth of 6.4% between 2016 and 2021, the South Asian nation has outpaced peers such as India, Indonesia, Vietnam, the Philippines and Thailand

Delayed reopening may hit China's GDP growth rate by 1 point: Oxford report

If China pushes back its economic reopening to the first half of 2024, an anticipated recovery in private consumption will be delayed, says the report

ICBC leads big banks to offer $179 bn aid to China's real estate developers

China's priority has been to ensure that unfinished homes get completed, while supporting the stronger firms that have so far survived the crisis

Gautam Adani's $5 bn bet aimed at silencing debt-obsessed critics

Gautam Adani is seeking legitimacy in the face of questions about his group's breakneck expansion from a traditional port operator to a sprawling empire

Brazil misses out on Fifa world cup betting. What's India's wager?

Will President-elect Luiz Inacio Lula da Silva end the country's decades-long ban on games of chance?

Global economic growth to be as weak next year as 2009, forecasts IIF

The world economy will be as weak next year as it was in 2009 after the financial crisis as the conflict in Ukraine risks becoming a "forever war," the Institute of International Finance said

Covid surge in Beijing triggers panic buying, lockdown-like restrictions

The case increase, which has escalated from under 100 infections a day a fortnight ago, is leading to stepped-up controls in Beijing, a city of 22 million

JPMorgan, Deutsche Bank sued by Epstein accusers in New York: Report

JPMorgan was accused in the suit of "financially benefiting from participating" in the alleged sex trafficking through providing financial support from 1998 to August 2013

Twitter loses entire Brussels office after Musk's hardcore working culture

The small office of six employees was cut to two in recent weeks following Elon Musk's dramatic culling of staff, according to people with knowledge of the exits

China to ramp up monetary stimulus as growth outlook darkens amid lockdown

The State Council said in a statement Wednesday that monetary tools "such as a RRR cut" will be used "in a timely and appropriate manner" to maintain reasonably ample liquidity

Paytm's 75% share slump is world's worst for large IPOs in a decade

Paytm's stock price dive is the steepest first-year slide globally among IPOs that raised at least the same amount since Spain's Bankia SA's 82% drop in 2012

Foxconn offers staff $1,400 to leave after protests in China's iPhone city

Apple Inc.'s main global production partner said in an online notice the sum, to be paid out in two installments, will help smooth the journey home for employees

World's most expensive drug approved to treat Hemophilia at $3.5 mn a dose

CSL Behring's Hemgenix, administered just once, cut the number of bleeding events expected over the course of a year by 54%, a key study of the therapy found

Elon Musk must preserve Twitter's most vital function - citizen journalism

For all the controversy surrounding his purchase of Twitter Inc, Elon Musk has at least one thing right: Twitter really is "like open-sourcing the news"

China's iPhone city locks down urban areas as Covid-19 cases rise

The new restrictions were announced after hundreds of workers at Apple's main iPhone-making plant in Zhengzhou streamed out of dormitories earlier in the day

Gautam Adani weighs $5 billion fundraise as banks urge deleveraging

The fundraising will start with Adani Enterprises and is separate from the group's plans to raise debt, one of the people said

World's most expensive drug approved to treat hemophilia at $3.5 mn a dose

CSL Behring's Hemgenix, administered just once, cut the number of bleeding events expected over the course of a year by 54%, a key study of the therapy found