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Top US House Republican McCarthy calls for Biden impeachment inquiry

Many in McCarthy's party were infuriated when the House, then controlled by Democrats, twice impeached Republican President Donald Trump - in 2019 and 2021 - though he was acquitted both times

RBI issues revised classification, guidelines for banks' investments

The Reserve Bank of India on Tuesday issued revised classification, valuation and operation guidelines for the investment portfolio of commercial banks, which will be effective from April 1, 2024

Gold ticks down by 0.2% as US inflation data eyed for Fed rate cues

Spot gold was down 0.2% to $1,918.72 per ounce by 1016 GMT, while U.S. gold futures dipped 0.3% to $1,941.70

Steel mills expect wheel prices to ease after anti-dumping duty on China

Late on Monday, the Indian government imposed an anti-dumping duty on steel wheels used in tyres, from China, in a bid to crack down on predatory pricing

Brent holds above $90; markets await data for clues on Fed, ECB outlooks

The Federal Reserve is widely expected to leave interest rates unchanged at a policy meeting next week, though views are split over whether the Fed will hike or pause again in November

Alibaba's Wu lays out strategic priorities for staff- user first, AI driven

This would help maintain a "start-up mindset" and prevent the company getting "stuck in our old ways", he said

Qualcomm to supply Apple Inc with 5G chips until 2026 under new deal

Under the deal announced Monday, Qualcomm said it will supply Apple with chips for phones that will come out each year until 2026

India imposes anti-dumping duty on some Chinese steel for 5 years

India on Monday imposed an anti-dumping duty on some Chinese steel for five years, according to a government notification

Yen jumps on Bank of Japan's comments; dollar dips as US inflation ease

The dollar softened ahead of U.S. inflation data due on Wednesday, with the Federal Reserve widely expected to pause its interest rate hikes

Global companies to hike security spending as threats rise: Survey

A survey of 1,775 chief security officers in 30 countries found their companies had lost more than $1 trillion in revenue in 2022 as a result of non-cyber security incidents

Walt Disney, Charter Communications near distribution deal: Report

Charter, one of the biggest cable companies in the United States, has been locked in a distribution battle with Walt Disney over how much its channels are worth and how to package them

Saudi Arabia to consider Sovereign Wealth Fund office in India's GIFT City

Saudi Arabia will consider setting up an office of its Sovereign Wealth Fund in India's Gujarat International Finance Tec-City (GIFT) in the west

State-owned non-bank lender IREDA files for IPO with market regulator

State-owned non-banking financial company, Indian Renewable Energy Development Agency (IREDA), has filed for an initial public offering (IPO) with the country's markets regulator, as per draft papers

UK, India agree pensions and insurance partnership, says British FM

Britain and India have agreed to launch partnership to boost cross-market investment by insurance and pension sectors, Britain's finance ministry said

Offshore paying, stop losses push India's 5 yr OIS rate to 10 month peak

The five-year swap rate jumped to 6.81%, the highest since Nov. 9, 2022, while the one-year swap rate inched higher to 7.08%, the highest since March 9

Govt may relook at allowing Indian companies to list overseas: FM

Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. They can only list on foreign exchanges through instruments such as depository receipts

Tesla supercomputer may boost market value by $600 bn: Morgan Stanley

The electric-vehicle maker (EV) started production of the supercomputer used to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo

Grocery delivery app Instacart aims for up to $7.7 bn valuation in US IPO

The San Francisco-based company and its selling shareholders are looking to raise up to $616 million by offering 22 million shares priced between $26 and $28 each, it said in a regulatory filing

'Lulu Group expects to launch IPO in H1 2024, shares to be listed in Gulf'

Hypermarket chain and mall operator Lulu Group International expects to launch its initial public offering (IPO) in the first half of 2024, its chairman said on Monday

Oil prices ease from 10-month highs but hold above $90 a barrel

Saudi Arabia and Russia last week announced that they will extend voluntary supply cuts of a combined 1.3 million barrels per day (bpd) until the end of the year