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Indian law firms reluctant to advise on mega LIC IPO: Report

LIC's huge size, complexity a deterrent and poor govt fee for law firms another dampener, say law firms

India considers resuming vaccine exports ahead of Modi's US visit next week

India stopped vaccine exports in April to focus on inoculating its own population, will focus on Africa when it resumes: Report.

Asian stocks stumble as weak China data fan global growth worries

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.82%, extending earlier losses after the release of the Chinese data

Global markets fall after data shows US inflation cooling

MSCI's world stocks benchmark fell 0.33%, and all 11 major sectors in the S&P 500 ended the session lower, with energy and financials falling the most.

Equity index giant MSCI to give 10,000 firms global warming ratings

The firm is launching Implied Temperature Rise scores, which estimate whether a firm's activities and plans are consistent with keeping global warming below 2 degrees Celsius

Ford's India factory workers seek government help to safeguard jobs

Factory workers at Ford Motor Co's southern Indian plant near Chennai city have sought the state government's help to safeguard jobs that will be lost once carmaker stops production, workers said

Apple unveils iPhone 13, adds new features to iPads, watches

The iPhone 13 will have a new chip called the A15 Bionic that will power features like automatically detecting when the phone's camera is pointed at text and will come in five colors

Vaccines set to unleash pent-up oil demand; expect big jump in Oct: IEA

Brent crude rallies above $74 as Storm Nicholas hits US Gulf Coast

China's realty giant warns of defaulting on $305-billion debt

The government is assembling accounting and legal experts to assess the finances of Evergrande, a potential precursor to a restructuring of the world's most indebted developer

Russia fines Facebook, Twitter for not deleting banned content

The Tagansky district court said Facebook had been handed five fines totalling 21 million roubles ($287,850). Twitter received two fines of a total 5 million roubles, it said.

South Korea fines Google $177 mn for blocking Android customisation

The Korea Fair Trade Commission (KFTC) on Tuesday said terms with device makers amounted to abuse of Google's dominant market position that restricted competition in the mobile OS market.

Investors turn bearish on global economy though positioning upbeat: BofA

Rare disconnect between asset prices, fundamentals; liquidity conditions viewed as best since before 2008 crisis

Wall Street slips as tax uncertainty outweighs easing inflation worries

August CPI grows at slowest pace in six months; energy, financials retreat from early gains

Oil prices scale six-week high as Hurricane Nicholas hits US Gulf

Oil prices hit a six-week high on Tuesday as Hurricane Nicholas weakened into a tropical storm, bringing the threat of widespread floods and power outages

Apple expected to unveil new iPhones as part of 5G push

Apple last year introduced its iPhone 12, which featured a new look and its first devices with 5G connectivity

Indian study finds big drop in antibodies within four months of vaccination

The findings made at Regional Medical Research Centre in Bhubaneswar could help Indian govt decide whether to provide booster doses as some Western countries have done

Oil hits 6-week high on fears of US supply disruptions from storm Nicholas

By Yuka Obayashi

India's August WPI inflation quickens to 11.39% on higher fuel prices

Fuel and power prices rose 26.09% in August year-on-year compared with 26.02% in July, while manufactured product prices rose 11.39% compared with 11.20% in the previous month.

Oil extends gains on worries of US supply disruptions from another storm

Brent crude rose 15 cents, or 0.2% to $73.66 a barrel by 0048 GTM, having gained 0.8% the previous day

Walmart says litecoin tieup statement fake; cryptocurrency jolted

Walmart Inc said on Monday that a press release announcing a partnership with litecoin, which briefly led to a nearly 30% surge in the cryptocurrency's price, was fake