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Millions of Indians exiting labour force no longer looking for jobs: CMIE

Now, more than half of the 900 million Indians of legal working age -- roughly the population of the US and Russia combined -- don't want a job, according to the CMIE

China lockdown fears rip through markets as stocks, commodities, Yuan tank

A Covid flareup that shut down much of Shanghai appeared to worsen over the weekend after China ordered mandatory tests in a district of Beijing and locked down some areas of the capital

Sprng Energy nearing Rs 13,500 cr sale to Shell, agreement in two weeks

Shell was among the bidders for Sprng, along with Adani Group and renewable energy firm Greenko.

Palm oil prices surge on Indonesia ban in risk to global food inflation

Indonesia said on Friday that the shipment halt will start from April 28 and last until the government deems a domestic shortage resolved

Lankan stocks fall as trading resumes after 2 weeks amid deepening crisis

Sri Lanka Stock Market Colombo All-Share Index fell as much as 6.7% while blue-chip index slumped 5.2% within seconds of resumption of trading

Waning demand for LIC IPO highlights fiscal challenges for PM Modi

Life Insurance Corporation of India's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower than the Rs 500 billion estimated before Russia invaded Ukraine

As Tesla CEO Musk bids for Twitter, his fight to tweet freely hits a snag

As Musk ramps up his battle to buy Twitter, the lingering ramifications of his prior use of the social media platform may come back to haunt him

Shanghai reports record deaths; virus-hit premises blocked by fences

Shanghai logged 21,058 new local Covid infections, most of which were mild, authorities said

Tech giants face landmark fines for breaches under EU's new content rules

Noncompliance could cost companies as much as 6% of global annual sales when the rules go into effect, in 2023 or 2024 depending on their size.

Chinese social media users outwit censor with video on Covid lockdown

The six-minute video titled "The Sound of April" was posted on Friday and soon got censored as it went viral

India wants to be friends with the West, but needs Russia: Sitharaman

"India wants to be friends with the European Union and the Western, free, liberal world, but not as a weak friend that needs desperate help here and there," Sitharaman said

China must be treated as equal Sri Lanka creditor: India to IMF, World Bank

"All creditors must be treated equally and with transparency," Sitharaman said in an interview in Washington Friday. "I've emphasized that point in general and in the context of Sri Lanka."

Technology companies face billions in fines under EU content rules

The landmark Digital Services Act is the EU's answer to what it sees as a failure by tech giants to combat illegal content on their platforms.

Japan FM, US Treasury Secretary Yellen confirm existing forex agreements

Japan's Finance Minister Shunichi Suzuki and US Treasury Secretary Janet Yellen met Thursday and agreed to uphold existing foreign exchange-rate agreements

Fed chief Jerome Powell pivots toward 50 bps interest rate hikes

Jerome Powell is taking direct aim at strong demand that the central bank wants to cool

Govt to finalise Pawan Hans sale Saturday, JSW among bidders: Report

The asset sale plan will help bridge the budget gap and meet spending targets as the economy faces fresh headwinds from the geopolitical tensions

India's biggest bullion refiner forays into silver for industrial use

The plant will produce more than 100 million pieces of contacts this financial year, with plans to double output by the end of March 2024, he said

Serum Institute halts Covid-19 vaccine production amid global supply glut

Serum has cited protectionist measures in other countries that led to a shortage of raw materials as one reason it fell short of vaccine production goals at the height of the pandemic

Loved by banks, bond trade worth Rs 2 trn faces scrutiny from RBI

Traders argue that the transactions are structured as so-called forward rate agreements, which are permitted by the RBI, allowing them to clear internal compliance checks

'Mayhem' ensues as Indonesia bans edible oil exports amid shortage

The shipment halt will start from April 28 and last until the government deems the shortage resolved, said President Joko Widodo in a Friday briefing.