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US Treasury Secretary Yellen sees possible 'soft landing' for US economy

"The Fed will need to be skillful and also lucky, but I believe it's a combination that is possible," Yellen said

Elon Musk secures over $7-bn funding in new financing for Twitter buy

Expected to serve as temporary Twitter CEO

Top importer India may cut taxes on edible oils to cool prices: Report

India, the world's top importer of vegetable oils, is looking to cut the agriculture infrastructure and development cess on crude palm oil imports

RBI should raise rates more to fulfil inflation mandate, regain credibility

Higher interest rates may complicate the financing of a record $200 billion government borrowing programme, bigger than even in the first year of the pandemic.

Gautam Adani said to be scouting for assets in Indian TV and print media

Adani Enterprises Ltd. established AMG Media Networks, an arm it said would be in the business of 'publishing, advertising, broadcasting, distribution of content over different types of media network'

LIC's record IPO set to be fully subscribed as valuation drives demand

By Thursday, the second day of the offering, investors had already put in orders for 90% of the shares for sale in India's biggest IPO.

India turns to expensive foreign gas to ease its power supply crunch

While natural gas makes up just a small portion of India's power mix, a scarcity of coal and hot weather has triggered scheduled blackouts, threatening to upend the economy

As India faces power outages a 46-degree heat wave is making it worse

Electricity outages and curbs have spread across more than half of all states and the nation's coal-dominated energy system is expected to come under further strain

Volkswagen sees better chip supplies in second half boosting output

VW confirmed a projection that deliveries will rise by as much as 10% this year, it said Wednesday, even after production slumped by 12% during the first three months

Rights of Americans are at risk: Kamala Harris on SC draft leak

She drew sharp contrasts with Republicans, who she said sought to limit the freedom of women and other Americans

Didi Global faces SEC investigation for $4.4-billion US IPO

Didi's shares were down 7% in US pre-market trading, deepening an 85% loss since its initial public offering in the summer of last year

Aston Martin CEO to step down, be replaced by ex-Ferrari chief

Aston Martin named current board member Amedeo Felisa as chief executive officer to replace German manager Tobias Moers

Fed hikes rates half point, will shrink assets to curb US inflation

The US central bank will begin allowing its holdings of Treasuries and mortgage-backed securities to roll off in June.

Yellen sees solid growth and possible 'soft landing' for US economy

A number of economists have predicted a recession in 2023 as the Fed ramps up interest rates

India considering wheat export curbs after heat waves damage crops: Report

The South Asian nation experienced its hottest March on record, shriveling the wheat crop that the world was relying on to alleviate a global shortage

India wants Russia to discount its oil to below $70 a barrel amid war

India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter

Mumbai airport gets $750 million from private bond sale to Apollo Global

A major bond market rout globally has prompted several Asian companies to revise their dent sale plans.

LIC IPO subscription to stay open on Saturday for retail investors

Retail investors will be alloted 35% of the total shares in the offer, and given a discount of 45 rupees from the IPO price

India's heat waves, power outages testing the limits of human survival

Multiple regions of India have already been edging close to critical wet-bulb temperatures over the past week

Facebook pulls the plug on podcast business after a year: Report

Podcasts won't be available on Facebook after June 3; company will also end short-form audio feature, shut audio hub