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Maruti to shift focus to high-end cars as demand for hatchbacks shrinks

There has been a 25% decline in the market for hatchbacks in the last four years due to increase in commodity prices and taxes by state governments

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

Power giant NTPC rushing back to coal as India's energy crisis worsens

NTPC will this month award a contract to construct a 1,320-megawatt plant in Odisha

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

Citigroup behind error that wiped out $315 billion from European markets

The bank said it identified the error "within minutes" and corrected it

Bond rout deepens as US Fed weighs worst rate hike in 22 years

Australian bonds slid, and the currency jumped, after the nation's central bank increased borrowing costs by more than many had expected

Pfizer stock falls as Covid pill fails in preventive therapy trial

The trial failure, along with reports of rebounding coronavirus levels in some patients who have completed a course of Paxlovid, are unlikely to change the drug's sales potential

Elon Musk's grand vision for Twitter faces reality check in Asian countries

It's not clear how Musk would reconcile his support for more free speech with strict government controls.

European Union charges Apple for keeping rivals away from its pay tech

Apple could face a fine up to 10 per cent of its global turnover or $36.6 billion based on its revenue last year, though EU penalties rarely reach the cap

End of easy money brings with it a $410-billion global financial shock

Inflation is pushing central banks to shrink their balance sheets as they hike interest rates, adding a new risk for the world economy hit by war and lockdowns

Heat to singe India's wheat supplies, adding to world food shortage worries

That's spurring estimates that yields have slumped 10% to 50% this season, according to almost two dozen farmers and local government officials surveyed by Bloomberg

China's stringent Covid curbs threatens to derail world's emerging markets

Fresh Covid outbreaks are spooking global investors who fear shutdowns in China will echo across the world by lowering demand and disrupting supply chains

Biggest treasury buyer outside US quietly offloads nearly $60 bn

The latest data from BMO Capital Markets show the largest overseas holder of Treasuries has offloaded almost $60 billion over the past three months

European Union to propose phasing out Russian oil by the end of the year

The EU will also push for more banks from Russia and Belarus to be cut off from the international payment system SWIFT, including Sberbank, said the people

LIC IPO gets bids from large investors for twice the anchor book

The LIC IPO aims to price shares between 902 rupees and 949 rupees each

Russia to quit International Space Station over Ukraine invasion sanctions

Rogozin earlier this month threatened to end Russia's mission unless the U.S., European Union and Canada lifted sanctions against enterprises involved in the Russian space industry.

Supply chains flare up again, endangering global economy's recovery

Some observers say now is a good time to focus on different metrics than traditional measures of employment, prices and gross domestic product

Tennis star Boris Becker jailed for 2.5 years over bankruptcy dishonesty

Becker, a three-time Wimbledon winner, was accused of "deliberately and dishonestly" putting funds out of reach of creditors.

Amazon's Covid-era buildout proves too much as demand cools

The dour results and forecast sent shares down about 13 per cent in early trade on Friday

India's heatwaves to get worse: 'the only reason is global warming'

Thermometer readings have already reached 46 degrees Celsius in central and northern India, with two months to go before the monsoon season.