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As rupee continues to slide, RBI may be back to spot intervention

Reserve Bank of India's foreign-exchange reserves have fallen by about $30 billion since the end of May to $573 billion, according to its data

China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19

The lockdown comes as China narrowly escaped an economic contraction in the June quarter, when a series of rolling lockdowns shut businesses nationwide, eroded employment and hurt consumer spending

Sooner or later, US recession will come knocking at India's tech-hub door

India's tech industry is ruling out a US recession. Or so you would think from Infosys Ltd.'s cheery forecast of 14 per cent to 16 per cent annual revenue growth

Nothing Romantic: Elon Musk denies report of affair with Sergey Brin's wife

Elon Musk denied he had an affair with Sergey Brin's wife, after the Wall Street Journal reported that the liaison led the Google co-founder to sell his investments in Musk's companies

Google co-founder Brin orders sale of Musk investments after affair: Report

Google co-founder Sergey Brin instructed his advisers to sell his personal investments in Elon Musk's companies in recent months after learning that he had a brief affair with his wife

Credit Suisse considers fresh round of job cuts as losses mount: Report

Discussions among the board of directors and management about a large cost savings package have reached an advanced stage

Volkswagen's billionaire clan plotted CEO ouster when he was on US trip

Decision blindsided jet-lagged CEO under contract until 2025; software missteps were last straw after labour clashes

Rishi Sunak or Liz Truss? Tories shouldn't write off 'Trussonomics' yet

According to a recent YouGov poll, 62% of them want Truss for leader, giving her a colossal 24-point advantage over Sunak

Twitter gets a win over Elon Musk with trial fast-tracked for October

The ruling marks the first victory for Twitter in a case in which many legal experts say Musk will be the underdog

Hyundai says it has 'no evidence' of child labour at Alabama unit

Smart Alabama LLC, a wholly owned unit of the Korean automaker, employed immigrant workers as young as 12, Reuters reported Friday, citing family members of three underage workers

Reliance Industries warns of global recession headwinds after profit miss

"Recession fears are overtaking oil market fundamentals, resulting in lower prices and margins," Reliance's Joint Chief Financial Officer V. Srikanth said in a post-earnings call Friday

Elon Musk's go private tweet suit heads to a settlement conference

The meeting, to take place in October, comes as investors suing Tesla and Musk have made steady progress in the case which is set to go to trial in January

Stuck in air travel's hell? Blame the long shadow of Covid pandemic

While travel volumes are returning to something like normality in most of the world, the legacy of Covid - in the form of the vast debts clocked up during two years on life support has barely shifted

Snap sales wipe $76 billion off social media stocks; Twitter falls 2.5%

The Snapchat parent plummeted as much as 30 per cent in premarket trading

Twitter sales miss estimates amid Musk's takeover battle; revenue drops 1%

Twitter's analysis show a disappointing sales outcome owing to a raging takeover battle with Elon Musk, with both sides preparing for trial

Tesla rally a $1-billion headache for its army of shorts: Report

Shares of the company wrapped up a seven-day winning streak to close at $815.12, the highest level since May 6

Federal Reserve may go easy after 75 basis-point rate hike next week

Powell has said either 50 or 75 basis points would be on the table at the Fed's July 26-27 meeting

After $30 bn exodus, foreign funds trickle back into Indian equities

Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets

China facing stiff competition for its favourite Russian oil from India

India has ramped up purchases of crude from Russia's far east, a grade that's typically favored by Chinese oil refiners

Rishi Sunak's tax affairs back in spotlight in UK race to succeed Johnson

Sunak's tax arrangements were in the spotlight once again as he sought to position himself as the only candidate who could beat Labour leader Keir Starmer at the next general election