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Pain for rupee likely as India's trade gap, capital outflows balloon

A shortfall in India's current account -- the broadest measure of trade -- will probably widen to 2.9% of gross domestic product in the fiscal year ending March 31

Big-budget blockbusters from southern India outdo Bollywood in power shift

Streaming with subtitles has changed the game for some of the regional movies, said Anupama Chopra, a film critic and director of the MAMI Mumbai Film Festival

RBI fighting on several fronts to slow rupee's decline to fresh records

The rupee closed down 0.3% to 78.97 a dollar on Wednesday, extending this year's losses to 5.9%. RBI's stated stance is that it intervenes to curb currency volatility

How Mukesh Ambani will divide his business empire to avoid dad's folly

Ambani's first-born, Akash, 30, will succeed him as chairman at India's No.1 wireless carrier Reliance Jio Infocomm Ltd

India steps up fuel imports amid shortage; Asia's pool of supplies shrinks

Rush to import petrol and diesel has already led to a surge in regional refining margins

BT Group asks UK's government for more time to remove Huawei core

The core is the most sensitive part of a broadband network, akin to a sorting office for mail

Spain inflation soars to record 10% as ECB gears up for rate hikes

Energy and food costs drove Spanish inflation to 10% last month -- defying government efforts to curb it and raising pressure on Prime Minister Pedro Sanchez

EU countries endorse a push to end combustion engine sales by 2035

Environment ministers struck a deal on the proposal after Italy gave up demands for a five-year delay in the EU's plan for automakers to clean up their fleet

Byju's offers to buy US-listed edtech firm 2U for over $1 billion

Byju's made the offer of about $15 a share to 2U's board last week, said the person, who asked not to be named as the bid isn't yet public

Recession worries hand emerging stocks worst first half since 1998

The MSCI EM Index has fallen about 17 per cent this year through Monday - the second-steepest plunge for the period in data stretching back to 1993

MicroStrategy buys $10-mn Bitcoin in middle of crypto's big chill

As of June 28, the company holds about 129,699 Bitcoin bought for about $3.98 billion, or $30,664 per coin, according to the filing

NFTs have 'fallen off the cliff' as sales, prices plummet in recent weeks

The crypto niche is on course to record its first month with under $1 billion in sales since June 2021, according to data tracker DappRadar

Mukesh Ambani's daughter Isha set to be named chairperson of retail unit

An announcement of Isha Ambani's elevation could come as early as Wednesday, according to people with knowledge of the matter, who asked not to be identified ahead of a formal statement

Attendance of Japan, S Korea at NATO Summit may stoke China's worst fears

For the first time, the leaders of Japan, South Korea, Australia and New Zealand will all attend a 30-member NATO Summit

Junk bond investors stung by China look to India and Southeast Asia

Asian junk bond investors are increasingly looking to smaller pockets of the market as a debt crisis among the biggest issuers, Chinese property developers, forces old playbooks to be rewritten

Jupiter CEO Andrew Formica quits to 'sit at the beach and do nothing'

Formica, 51, will leave the position on Oct. 1 and will also resign as a director of the London-based company on that date, according to a statement Tuesday

Netflix's plan to fix its subscription crisis starts in Asia: Report

The Asia Pacific region accounts for 15 per cent of Netflix's 221.6 million global subscribers and is forecast to be the biggest driver of further expansion

Crisis-hit Sri Lanka's economy shrinks 1.6% in the March quarter

The contraction likely marks the beginning of a painful and long recession for the country

Edtech company Byju's pushes back payments for $1 billion acquisition

Blackstone, which owned 38 per cent of Aakash, opted to defer payments due until this year, one of the people said

Ant-backed Zomato loses $1.1-billion market value in just two days

Zomato - among the first-generation of internet unicorns to tap into India's capital market - tumbled 8.4 per cent in Mumbai trading on Tuesday on top of a 6.6 per cent drop on Monday