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Rupee gives up index inclusion-led rally; RBI counted on to help

The rupee was at 83.12 against the US dollar by 11:00 am IST compared with 82.93 in the previous session. The dollar index was largely flat in Asia, but remained near 6-month highs

China central-bank adviser proposes structural reforms to revive economy

Fiscally, Chinese governments at various levels are under stress, he told the annual Bund Summit conference

Can't interfere in dispute between Akasa Air and its pilots: DGCA

The DGCA "does not have any power or delegated authority to interfere in any employment contract," it said

India likely to delay import licensing of laptops, tablets, PCs by a year

After industry objections, the plan, which would also affect Dell and HP, was quickly delayed by about three months, and came under criticism from Washington

X social media's India, South Asia policy head Samiran Gupta resigns

Gupta's tenure at X ended in September, according to Gupta's LinkedIn profile, which said he "enabled transition leadership for Twitter post acquisition by Elon Musk-led X-Corp"

China's artificial intelligence 'war of hundred models' heads for shakeout

China now has at least 130 large language models (LLMs), accounting for 40 per cent of the global total

Murdoch exit may give Trump a Fox News 'reset': Republican strategists

A mutually beneficial relationship between Trump and Fox News broke down after the 2020 election in the wake of the network's coverage of the election

US Federal Reserve cutting staff after more than a decade of payroll growth

A Fed spokesperson said the cuts are focused on the staff of the U.S. central bank's 12 regional reserve banks and mainly hit information technology jobs

India's Lava looks to corner a third of feature phone market share

Since it was set up in 2009, Lava has become popular for the budget phones, which have a keypad but no high-end features

Delta Corp gets tax notice for $1.34 bn along with interest, penalty

The tax notice comes at a time when the company, valued at over $566 million, is already facing heat over the recent move in July by the country's GST Council to impose a 28% indirect tax

Oil prices increase as Russia fuel export ban stokes supply concerns

Brent futures were up 78 cents, or 0.84%, at $94.08 a barrel by 1443 GMT, while U.S. West Texas Intermediate crude (WTI) futures rose by $1.02, or 1.14%, to $90.65 a barrel

Emissions from Tata Steel's Dutch plant reduce life expectancy: Research

The Dutch government, which commissioned the research, said in a statement that living conditions around the plant - on the country's North Sea coast - have to be improved

Abbott India warns of laxatives shortage in tussle with Goa regulator

The two laxative brands together have estimated annual sales of $70 million in India, healthcare data firm Pharmarack says

Intel hit with $400 million EU antitrust fine in decades-old case

The court, however, agreed with the European Commission that Intel illegally excluded rivals from the market which prompted the EU antitrust watchdog to re-open the case

Amazon Prime Video to roll out ads across multiple countries in early 2024

The online retail firm does not break out Prime membership numbers, but Business Insider had earlier this year reported Amazon ended 2022 with 168 million Prime members in the US

UK recession risk deepens but consumers stay unfazed, factory output falls

A business survey, which the BoE factored into its decision to keep rates on hold, showed companies endured a much tougher September than feared, marked by growing unemployment

Citigroup warns UK staff of cuts as hundreds of roles could be affected

Bankers have been bracing for change after CEO Jane Fraser said earlier this month that Citigroup, the third-largest US

Indian Potash sees no Canada supply hit amid row, hopes to extend deal

In April, Canpotex said it had agreed a supply contract with Indian Potash for shipments through Sept. 30

McDonald's plans to raise royalty fees for new US restaurant operators

The change will not affect existing franchisees who are maintaining their current footprint or who buy a franchised location from another operator

Bank of Japan keeps ultra-loose policy, dovish guidance; yen skids

The BOJ's decision contrasts with those of U.S. and European central banks, which in recent meetings have signalled their resolve to keep borrowing costs high to rein in inflation