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More oil middlemen muscle in to supply India with cheap Russian crude

Companies include Wellbred and Montfort have been marketing Russian oil to Indian buyers, joining the likes of Coral Energy and Everest Energy

Zilingo COO Aadi Vaidya quits in yet another high-level departure

Chief Executive Officer Ankiti Bose was dismissed in May after an investigation by an independent firm into complaints of financial irregularities

First global gold exchange in India aims to create regional bullion hub

The India International Bullion Exchange is expected to attract dealers, refineries and foreign banks, Chief Executive Officer Ashok Gautam said

Climate change made deadly UK heatwave at least 10 times more likely

The UK's heat wave earlier this month fueled so many blazes in London that the city's fire service was busier than any day since Nazi attacks in World War II

Adani Capital planning IPO as soon as 2024 at $2-bn valuation: CEO

The Gautam Adani-backed NBFC is planning to raise at least Rs 1,500 cr through IPO, says MD & CEO Gaurav Gupta

ReNew to invest $8 billion to set up green hydrogen plant in Egypt

ReNew joins several Indian companies tapping the prospects in green hydrogen, which is considered crucial to decarbonise hard-to-abate heavy industries

India likely to restart Ukraine sunflower oil imports as trade eases

About 50,000 to 60,000 tonnes may arrive as Ukraine is set to open some Black Sea corridors for agricultural exports

China targets $148 bn in financing for cash-strapped developers: Report

China's property sector has been lurching from one crisis to another for the past year

Meta Platforms falls as sales miss estimates in first-ever quarterly drop

Meta revenue slipped to $28.8 billion in the second quarter, missing the $28.9 billion average analyst estimate

US economy shrinks for a second quarter, fueling recession fears

Surging inflation, rising rates, and continued supply chain snags to blame

Vijay Shekhar Sharma seeks to reset Paytm after firm's IPO fiasco

The digital-payments provider is set to become India's first internet company to hit $1 billion in annual revenue by the end of this fiscal year in March, says Vijay Shekhar Sharma

Indian households unlikely to stop investing in stocks, says Morgan Stanley

Despite a record rise in trading by retail investors over the past eight years, Indian households remain "dramatically" underweight in the asset class, says Ridham Desai

To save the planet, it is time poor nations get paid for protection

DRC is the first developing nation to decide if rich countries aren't serious about paying the costs that their carbon emissions will impose on poorer ones, they will have to raise the cash themselves

Indian diaspora, global bankers may profit from New Delhi's dollar crunch

India isn't in the same boat as its South Asian neighbors, even though it's in the same choppy waters

China banks rush to raise debt as slowdown hikes potential bad loans

A record amount of fresh money has come from financial markets in China, with banks selling 29% more bonds in the first half of the year compared to last year

Kim Jong Un says he is ready to fight with US, 'eliminate' South Korea

Kim has been stepping up his provocations this year while US attention has been diverted toward Russia's invasion of Ukraine by firing off a record number of ballistic missiles

Energy crisis set to become worse in debt-ridden countries of South Asia

Emerging markets across the world have been devastated by surging commodity prices following Russia's invasion of Ukraine

Fed raises rates by 75 bps to tame inflation, flags weakening economic data

Policy makers, facing the hottest price pressures in 40 years, lifted the target range for the federal funds rate on Wednesday to 2.25% to 2.5%

Megacap tech earnings in Q2 have investors looking past the Fed decision

And two titans of the tech industry are giving investors cause for optimism

Saudi Arabia may hike oil price to record even as traders see risks

The world's top crude exporter is expected to price its Arab Light crude to Asia at a $10.80-a-barrel premium to the region's benchmark for September-loading cargoes