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Citigroup cuts India's current account deficit forecast to below 3% of GDP

Net exports of services rose 35% to $34.5 billion in the second quarter of the current fiscal

Asian stocks in 2022 suffer biggest foreign outflows since 2008 crisis

After four straight 75-basis point hikes earlier in 2022, the US Federal Reserve raised its overnight borrowing rate by another 50 basis points in December

Nexus Venture to raise $700 mn fund to bet on domestic, US tech startups

Nexus will invest the new funds in early stage funding rounds of Indian internet and technology startups, as well as U.S.-based software firms

Govt sticks to demand for increased share in Barmer oil & gas block

The SC has been hearing a dispute between Vedanta and the federal government related to an extension of the production-sharing contract for the Barmer asset in the western state of Rajasthan

RBI lifts curbs on loan recovery via third parties: M&M Financial Services

MMFSL shares had plunged over 20% following the order in September, before recouping those losses by December

Indian govt portal upgrade may halt new debt issues, says merchant bankers

According to a notification from the Ministry of Corporate Affairs, the website companies use for electronic filings will not be available from January 7 to January 22

Oil falls again as concerns grow over global economy, China Covid cases

Brent futures fell $1.88 to $80.22 a barrel, a 2.3% loss, by 1032 GMT. U.S. crude dropped $1.68, or 2.2%, to $75.25 per barrel

Government bond yields little changed as traders await fresh triggers

The benchmark yield had dipped earlier in the day, as a fall in oil prices and U.S. yields supported buying sentiment for bonds

Dollar falls as European inflation cools and China lifts the Aussie

A series of separate reports showed business-sector activity across the euro zone held up better than expected in December, despite intense pressure from soaring energy prices

Stocks creep higher as inflation data offers hope ahead of US Fed minutes

Investors will parse the minutes to figure out whether more policy tightening is likely

CCI declines interim stay for Google on Android-related antitrust ruling

An Indian tribunal declined Google's request for an interim stay on an antitrust ruling that ordered the tech giant to change its approach to its Android platform

Indian shares open lower ahead of Fed minutes release; metals slide

Indian shares opened lower, ahead of the US Federal Reserve's release of minutes from its December meeting, in which the central bank is expected to give a glimpse of its policy tightening path

Indian power plants should be compensated for importing coal: CERC

Power tariffs for imported coal-based plants should cover their costs as well as a "reasonable profit margin," the Central Electricity Regulatory Commission (CERC) said in an order dated Jan 3

German inflation surprise strengthens US dollar as euro nurse losses

The euro fell 1% overnight, its sharpest drop in more than two months, and it hovered near three-week lows at $1.0550 early in the Asia session

China urges 'final victory' over Covid as global concern mounts over spread

China has been particularly critical of decisions by some countries to impose a requirement for a Covid test on its citizens, saying they are unreasonable and lack scientific basis

Oil prices steady after last session's slump as Fed minutes awaited

The Fed raised interest rates by 50 basis points (bps) in December after four consecutive increases of 75 bps each

Asian equities rise, dollar sways as focus firmly on Fed minutes

Asian equities rose on Wednesday, while the dollar was on the back foot after a steep spike overnight, with investors keenly awaiting minutes from the Federal Reserve's most recent meeting

India's palm oil imports in Dec jumps 94% YoY to record high for the month

India's palm oil imports in December jumped 94% from a year earlier to a record high for the month as palm oil's higher discount to rival vegetable oils led refiners to raise purchases

Toyota Motor's Indian unit warns of a possible customer data breach

Toyota India said it has notified the relevant Indian authorities of the data breach at Toyota Kirloskar Motor, a joint venture with Indian conglomerate Kirloskar Group

Pakistan plans to shut malls, markets early in a bid to save power

Khawaja Asif told journalists the Cabinet-approved measures to shut markets, including restaurants, aimed to save the cash-strapped country about 62 billion Pakistani rupees ($273 million)