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Indian blue-chips slip on Middle-East conflict concerns, metals cap losses

Metals gained nearly 1%, after data showed recovery in exports and imports in world's top consumer China. JSW Steel, Tata Steel were among the top Nifty 50 gainers

Basmati rice growers face losses as current floor price dents exports

India, the world's biggest rice exporter, has also curbed exports of non basmati rice varieties in an attempt to keep a lid on domestic prices ahead of key state elections

Rupee ends at record closing low on intensifying geopolitical worries

The rupee closed at 83.2775 against the U.S. dollar, little changed from its previous close of 83.2625. The currency hit its previous record closing low of 83.2675 on Sept. 18

RBI's $5 billion USD/INR swap expiry fuels dollar shortage concern

The Reserve Bank of India (RBI) had conducted a $5 billion sell/buy dollar/rupee swap last year. Under this swap, the RBI sold $5 billion to banks on April 28, 2022

Rupee to rely on RBI's intervention amid surging oil prices: Traders

Non-deliverable forwards (NDFs) indicate rupee will open at around 83.25-83.26 to the U.S. dollar, barely changed from the previous session

Antony Blinken to extend Middle East tour, return to Israel on Monday

Blinken held talks with Saudi Crown Prince Mohammed bin Salman, one of the most powerful leaders of the region, a meeting the top U.S. diplomat described as "very productive"

EU regulators delay approval of Novavax's revised Covid-19 vaccine

Novavax said it was working closely with the EMA and is looking forward to the recommendations from the regulator

Global markets brace for fallout amid escalating Israel-Hamas conflict

Market reaction in the past week has been relatively muted, though Israel's shekel currency took a big hit

Bodies stored in ice cream trucks as death toll rises in Gaza Strip

The Gaza Strip is in crisis and if the war continues in this way we will not be able to bury the dead. The cemeteries are already full and we need new ones to bury the dead, Ali said

Australia fines Musk's X platform $386,000 over anti-child abuse gaps

Most recently EU said it was investigating X for potential violation of its new tech rules after the platform was accused of failing to rein in disinformation in relation to Hamas's attack on Israel

Backlog at Israeli ports grows, country steps up shipping supplies

Around 13 ships - comprising cargo, container and dry bulk vessels - were currently moored inside Ashdod port, according to MarineTraffic data

MCA probes accounts of Adani Enterprises' Mumbai, Navi Mumbai airports

India's Ministry of Corporate Affairs had in February initiated another probe into the Adani Group's financial statements

Major US banks report rising profits, cautious on economic outlook

JPMorgan's profit jumped 35 per cent on the year-ago quarter, while Wells Fargo profit surged 60 per cent. Citigroup reported a more modest year-on-year 2 per cent gain

Crude oil prices surge on US sanctions, tight stockpile forecasts

Russia is the world's second-largest oil producer and a major exporter and the tighter U.S. scrutiny of its shipments could curtail supply

Israel puts 1.1 million in Gaza on evacuation notice, says report

Israel has said it will not lift its blockade until scores of hostages captured by Hamas are set free

Currency markets interventions not always 'black and white': RBI Governor

Reserve Bank of India Governor Shaktikanta Das was referring to the U.S. Treasury Department's regular foreign exchange report and similar research by the International Monetary Fund (IMF)

Bring back 80% of FX revenues, sell most of that: Russia tells exporters

President Vladimir Putin signed a decree this week mandating the reintroduction of capital controls for an undisclosed list of 43 exporting firms

Dollar edges higher after inflation data reinforces expectations on Fed

"Traders didn't really believe in the hot PPI for September until CPI yesterday reinforced it," Helen Given, FX Trader at Monex USA, said

India to push developed nations to become 'carbon negative' before 2050

India, which is resisting calls to commit to a deadline for phasing out its own use of coal and other fossil fuels, is set to make its proposal at the COP28 climate summit in Dubai later this year

Citigroup profit holds steady in Q3 as investment banking fees jump

The bank's trading unit also boosted revenue, while its division providing treasury and securities services to corporations brought in 12% more revenue