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Court lifts I-T department's block on Xiaomi's Rs 3.7K-crore funds

A court is yet to pronounce a decision on the case following Xiaomi's challenge

Air India jumbo order includes 190 Boeing MAX, 30 787s, say sources

The deal is also expected to include an unspecified number of Boeing 777X long-range jets, according to sources

Crude oil falls almost 3%, still set for weekly gain on demand hopes

The US Federal Reserve indicated it will raise interest rates further next year, even as the economy slips toward a possible recession. On Thursday, the Bank of England and the European Central Bank r

India preparing to launch 20% ethanol with gasoline: Hardeep Puri

India is preparing to launch sales of 20% ethanol with gasoline and will look to gradually raise its share of the cleaner fuel in its energy mix, the country's oil minister Hardeep Singh Puri said

Indian banks' loans rose by 17.5% y-o-y in 2 weeks till December 2: RBI

Indian banks' loans rose 17.5% in the two weeks to Dec 2 from a year earlier, while deposits rose 9.9%, the Reserve Bank of India's weekly statistical supplement showed on Friday

Spurt in India's liquidity surplus may not sustain through FY end: Experts

India's banking system liquidity surplus has averaged above 1.50 trillion rupees on a daily basis from Dec 1 to Dec 14, as against an average of around 500 billion rupees in November

Mirae Asset Mutual Fund aims to launch precious ETF by Q1 next year

Exchange traded funds back each security issued with physical stocks of a given commodity, creating a product considered free from counterparty risk

Govt had no outstanding loans from RBI in Dec 9 week, says central bank

The central government had no outstanding loans in the week earlier as well

Bond yields rise as debt auction sees weak demand; dip on weekly basis

The overall sentiment remained weak because of hawkish commentary from central bankers across the world, which dimmed the hopes of domestic interest rate cuts later in 2023, said a dealer at a bank

Oil falls but poised for biggest weekly gain since early Oct on China hopes

Brent crude futures fell $1.80, or 2.2%, to $79.41 per barrel by 0940 GMT

Domestic textile industry faces tough times as consumers cut spending

While overall economy is relatively strong, the textile sector is a notable exception and orders suggest the downturn will continue well into 2023, raising the risk of layoffs in an industry

GMM Pfaudler falls over 18% on report of promoter selling bulk stake

Shares of GMM Pfaudler fell as much as 18.1%, their worst intraday percentage fall in nearly five years, after a report said that one of its promoters will sell the bulk of its stake

Rupee trade settlement mechanism draws interest from more nations

Tajikistan, Cuba, Luxembourg and Sudan have begun talking to India about using the mechanism

Rupee marginally lower against dollar, PSU banks help limit losses: Report

The rupee was quoting at 82.8375 per dollar by 10:20 am IST, compared with 82.76 in the previous session

India raises base import price of palm oil, gold as prices surge globally

India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold

Twitter suspends accounts of several journalists; Musk cites doxxing rules

Musk tweeted: "Same doxxing rules apply to "journalists" as to everyone else"

US Senate passes record $858 billion defense bill, sends bill to Prez Biden

The fiscal 2023 NDAA authorizes $858 billion in military spending and includes a 4.6% pay increase for the troops, funding for purchases of weapons, ships and aircraft, and support for Taiwan

Govt plans to invite bids to extract gold from dumps at Kolar mines

The Kolar fields, located about 65 kilometres (40 miles) northeast of Bengaluru, are among the country's oldest gold mines

Centre mulls building several refineries, not one UAE-Saudi plant

"The role of Maharashtra government is crucial in acquiring the land," the source said

India eyes record rapeseed crop as high prices prompt farmers to plant more

Higher rapeseed production could help India, the world's biggest importer of vegetable oils, cut expensive overseas purchases of cooking oils that cost the country a record $18.9 billion in the fiscal