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RBI risks falling behind curve on curbing inflation like US Fed: SBI Funds

The Reserve Bank of India has confounded market expectations with its accommodative policy even as inflation breached its 6% limit for two months

Hackers steal over $600 mn in one of the major crypto heists

Hackers stole about $600 million from a blockchain network connected to the popular Axie Infinity online game in one of the biggest crypto attacks to date

World's biggest electric cruise ship sets sail in China

The ship will go into commercial operations from next month, being used mainly for sightseeing trips

Sri Lanka: No medicines, 10-hour power cuts as economic crisis worsens

Ceylon Petroleum requested the public not to queue for diesel on Wednesday and Thursday after the state-run refiner failed to unload a shipment of 37,500 metric tonnes of the fuel

Volvo planning to turn its cars into iPhone on wheels, says CEO Rowan

All the stuff that you can do in your smartphone will be almost inherently native within the vehicle, Rowan said

Wall St: Stock surge is a bear-market trap with curve inverted, warns BofA

The strategists caution that the selloff that took the S&P 500 12% from its January record is not over and sharp rallies are typical of volatility in bear markets

Russia proposes SWIFT alternative to India for Ruble payments

India is keen to continue bilateral trade due to its dependency on Russian weapons and the prospect of buying cheaper oil as global prices surge.

Australia says 'very close' to finalising free-trade agreement with India

A free trade agreement between India and Australia has been more than 10 years in the making, with negotiations beginning in 2011 before being suspended four years later in 2015

7 Indian-origin persons charged in million dollar insider trading scheme

Seven Indian-origin persons have been charged by US federal authorities with insider trading in a scheme through which they made over a million dollars in illegal profits.

Sri Lanka avoids recession in Dec quarter, GDP grows 3.7% in 2021

Sri Lanka's economy grew at a slower-than-expected 1.8% in the 4th quarter of the 2021 financial year, taking its full year growth to 3.7 per cent, data from the govt's statistics department showed

Covid-19: China lockdowns costing $46 billion a month, say experts

A worst-case scenario would be a lockdown of all cities for one month, which would cut national GDP by 53 per cent over that period.

Tesla adds $84 bn in a day on stock split signal; more than Ford's m-cap

Tesla added about $84 billion to its stock-market value on Monday, more than Ford's market capitalisation, after the electric-vehicle maker said it is planning a second stock split in about 2 years

Booming wheat exports from India to help relieve global shortages

The country is the top global producer of wheat after China

AIG says BlackRock will manage up to $150 billion of its assets

The insurer has been sharpening its focus on its core operations and making necessary preparations to split off its life and retirement unit, which is planned for the first half of this year

Shanghai locks down half of city to fight Covid-19 outbreak: Report

The outbreak is testing country's virus strategy, which is proving tougher to prosecute amid more contagious variants and is dragging on the world's 2nd-largest economy as rest of the globe normalises

Biden unveils $5.8-trillion Budget plan with record increase in tax

The White House included measures that would add up to the biggest tax increase in history in dollar terms, helping stabilise deficits relative to the size of the economy.

US recession warning? Part of yield curve inverts for first time in 16 yrs

Shorter maturities have been selling off faster than their longer-dated peers this year as investors ratchet up expectations the Fed will hike rates to combat inflation

Startup chutzpah: Newbie scooter maker Ola leads India's EV race

Ola Electric Mobility Pvt., a Bengaluru-based startup, will get state support to manufacture EV batteries that can store a total of 20 gigawatt-hours of power, the government said on March 24

Airlines and 5-star hotels count gains as Indians holiday lavishly

Indians are holidaying lavishly now, spending more on five-star hotels and booking business-class seats as the country emerges from the coronavirus pandemic that restricted travel for two years

Ukrainian rebel region may vote to join Russia, says report

Days before ordering Ukraine invasion, Vladimir Putin recognised the Ukrainian rebel regions of Luhansk and Donetsk as independent states, though the rest of the world considers them part of Ukraine