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How Agnipath is turning the spotlight on India's unemployment crisis

A military recruitment plan (Agnipath) in India that sparked last month's violent protests is turning the spotlight on an unemployment crisis plaguing the $3.2 trillion economy

Why a historic cascade of defaults is coming for developing countries

Sri Lanka was the first nation to stop paying its foreign bondholders this year, burdened by unwieldy food and fuel costs that stoked protests and political chaos

Rupee's slide to successive record lows pits RBI against mkt full of bears

The rupee's tumble to a succession of record lows is sparking fears of a deeper selloff and pitting the central bank against analysts and strategists who are predicting further losses

Pakistan's $1-billion gas tender receives no takers amid energy crisis

It's the fourth time in roughly a month that Pakistan - which is already suffering frequent blackouts -- has failed to complete an LNG purchase tender

China considers $220 billion stimulus with unprecedented bond sales

The bond sales would be brought forward from next year's quota

SoftBank's Rajeev Misra to step back to launch new fund: Report

A key lieutenant of SoftBank's founder Masayoshi Son, Misra will retain a senior position with the group's first $100-bn Vision Fund, but relinquish other roles, say people familiar with the matter

Putin's Ukraine war has created a food crisis the world can still solve

The invasion has certainly delivered a series of shocks to global commodity markets that have threatened the food security of the most vulnerable countries, especially African ones

5 years of GST: Why the indirect tax regime may not see big-bang reforms

From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of local sales and entry levies

TikTok draws ire after admitting Chinese staffers can access US user data

But denies info goes to the Communist Party of China

Wall Street says a recession is coming. Consumers say it's already here

Layered on top of the inflation squeeze are the mounting concerns about the outlook for economic growth, not just this year, but into 2023

Fed sees 'more restrictive' rates possible if inflation persists: Minutes

Policy makers backed raising rates at their next meeting in July by either 50 or 75 basis points, according to minutes of the FOMC's June 14-15 policy meeting released Wednesday in Washington

Ukraine war: India, China buy Russian oil and gas worth $24 bn in 3 months

China spent $18.9 billion on Russian oil, gas and coal in the three months to the end of May, almost double the amount a year earlier, latest customs data show

Credit lines exhausted, India asks Sri Lanka to pay for fuel in advance

Sri Lanka, which has depleted its foreign exchange reserves, was hoping for a fresh approval from India of a $500 million credit line for fuel purchases

Alternative to SWIFT: NPCI plans to take the UPI system to 32 million NRIs

Indians overseas remitted $87 billion last year, the biggest inflow for any country tracked by the World Bank

Citigroup warns crude oil may fall to $45 a barrel by 2023-end

That outlook is based on an absence of any intervention by OPEC+ producers and a decline in oil investments

Tussle over $5 billion in wages is new risk to India's coal supply

Workers are seeking a 47 per cent increase in wages - having earlier demanded a 50 per cent hike - while Coal India has offered a 3 per cent raise

Syngenta to K Bank: 7 of Asia's biggest IPOs to watch for in second half

Syngenta could seek to raise 65 billion yuan ($9.7 billion) on the Nasdaq-style Star Board

Russia tycoon Vladimir Potanin agrees to Nornickel-Rusal merger talks

Potanin has headed Nornickel since striking a 2012 shareholder accord with aluminum producer Rusal, the company's second-largest investor

Oil plummets below $100 per barrel as recession risks come to forefront

Investors are fretting about the possibility of an economic downturn as central banks across the world take aggressive actions to limit inflation

Copper sinks to 17-month low as recession fears dominate trade

Copper, widely considered an economic bellwether, is trading solidly below $8,000 a ton, after metals posted their worst quarterly slump