Page 552 - Bloomberg/workspace/business Standard Web/video

Govt cuts windfall tax on fuel exports as global crude oil prices fall

India imposed the taxes on July 1, joining a growing number of nations placing windfall levies to tap energy companies' booming profits

NTPC set to award first coal-fired plant in about six years: Report

Bharat Heavy Electricals Ltd. emerged as the lowest bidder to build the 1,320 megawatt project in the eastern state of Odisha

Pakistan rupee drops to record, bonds fall as Fitch cuts outlook

The rupee has tumbled to a succession of all-time lows in recent days as escalating political uncertainty has added to concern over the country's bailout deal with the IMF

Janet Yellen touts 'friend-shoring' as fix for global supply chain

Yellen touted her "friend-shoring" concept as a way to reduce the vulnerabilities of a supply system badly strained over the past two years

President Xi Jinping's Beijing invite ignored by top Europe leaders

Chinese Foreign Ministry denies the reports

China's yield curve is steepest in two years as liquidity swells

Longer yields are being kept from falling due to expectations for economic recovery and the prospect of additional debt issuance

Apple becomes latest major tech company to rein in hiring, spending plans

The iPhone maker is looking to limit expenditures and job growth at some of its divisions, Bloomberg reported Monday, though Apple hasn't adopted a companywide policy

Dubai's metaverse plan targets 40,000 virtual jobs in next five years

Government aims to develop global standards in building safe and secure platforms for users and develop infrastructure and regulations to accelerate adoption of these technologies, WAM news said

Vedanta declares dividend of Rs 19.5 per share in boost to London parent

The hefty dividend comes even as the firm plans to ramp up capital investment to as much $2 billion in the year ending March 2023

Rupee declines to record low of 80.01 to a dollar as foreign funds exit

The currency has been buffeted by nearly $30 billion of foreign outflows from the nation's equities so far this year -- a record sum

Race for UK leadership heats up, Rishi Sunak nearly certain to make top two

Conservative Party MPs will vote for a fourth time in the contest to elect Johnson's successor as party leader and UK prime minister, after the latest ballot left Rishi Sunak looking almost certain

Copenhagen's Geranium rated best restaurant in the world for 2022

It's the second year in the row that a restaurant from the capital of Denmark was at the top of the list. Last year, Noma won the No. 1 spot

Netflix looks at alternative route to charge for password sharing

A basic plan allows customers to watch on one device at a time. The pricier standard plan allows for two separate devices, and the premium plan allows four

Twitter dismisses Elon Musk's bots complaints 'irrelevant sideshow'

Musk was fully aware of the bot issue when he signed the deal to buy the company, Twitter's lawyers said in a filing Monday

How Indian tutors are making millions off NEET, JEE aspirants' anxiety

The Indian test-prep market has always been about turning anxiety into cash. More than 1.5 million hopefuls scramble for a little over 100,000 medical and dentistry placements nationwide

Bitcoin rallies to trade above $22,000; Ether, Avalanche advance

June's crypto wipeout has given way to a sharp rebound, with Ether up 47% this month and Polygon more than doubling

Meta Platform's forced sale of Giphy halted as UK court orders review

A judge quashed the Competition and Markets Authority's order that Meta must sell Giphy, according to a ruling made public Monday

Gazprom declares force majeure on at least three European gas buyers

Gazprom has been delivering less gas than ordered by customers over the past month, with the company citing problems with turbines at its main pipeline to Europe that ends in Germany

Alphabet split ends era of jumbo prices for megacaps: Report

The companies billed the moves as a way to make their stocks more accessible for retail investors and that has been achieved

US is exporting inflation, and Federal Reserve hikes will make it worse

With rates in the US rising much faster than in the eurozone and Japan, the dollar is soaring