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Rupee recovers from record low to settle 8 paise higher at 86.62/$

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.39 per cent lower at 109.38

Govt likely to incentivise textiles in Budget as crisis hits B'desh exports

India's textile sector employs an estimated 45 million people and the government is considering increasing the textile ministry's budget allocation for 2025/26 by 10 per cent-15 per cent

Govt may forecast stronger growth next FY while sticking to fiscal targets

It is likely to forecast nominal economic growth of 10.3 per cent-10.5 per cent. That's higher than the forecast of 9.7 per cent for the current year

Party of Bangladesh's former PM Khaleda Zia urges elections by August

Yunus has said elections might be possible by the end of 2025, but only following electoral reforms

China likely to cut pay by half for staff at its top 3 financial regulators

Staff at the People's Bank of China (PBOC), National Financial Regulatory Administration (NFRA) and China Securities Regulatory Commission (CSRC) will see total income slashed by about hal

Ukraine strikes Russia in drone, missile attack, destroying 2 factories

Alexander Bogomaz, the governor of the Bryansk region in western Russia, said Ukraine had launched a major missile attack

Dollar drifts near 2-year high as rate-cut bets fade, eyes on tariffs

The threat of tariffs along with the Federal Reserve's stated measured approach to rate cuts this year have lifted Treasury yields and the dollar

EU reassesses its probes into tech giants such as Apple, Google and Meta

The review could lead to Brussels reducing or changing the range of the probes, and will cover all cases launched since March 2024

US govt tightens its grip on AI chip, technology export across globe

The new regulations will cap the number of AI chips that can be exported to most countries and allow unlimited access to US

Hyundai India's slow EV ramp-up hurts its decarbonisation plan: Greenpeace

Hyundai and Kia saw their per-vehicle tailpipe emissions drop in their major markets of Europe and South Korea between 2018 and 2023

Apple, Samsung smartphone shipments fall in Q4 as China competition bites

The global smartphone market rebounded strongly after two years of decline, with Chinese smartphone companies rapidly expanding their market share

Tech supplier Arm plans to hike prices, considers developing its own chips

Arm planned to achieve this partly by increasing the per-chip royalty rates that customers pay for ready-made parts of chip

RBI likely sold dollars heavily before local spot market open, say traders

The rupee was last quoted at 86.5150 per US dollar as of 09:35 am IST, up nearly 0.1 per centon the day

Global EV sales jump 25% in 2024 as China leads and Europe stabilises

Incentives and emission targets pushed EV sales in China and aided Britain in overtaking Germany as Europe's biggest battery-electric market in 2024

US President-elect Trump says he will meet 'very quickly' with Putin

He did not provide a timeline for the meeting, which would be the first between the leaders of the two countries since Russia's war with Ukraine started in February 2022

NZAM suspends activities after BlackRock exit amid US political pressure

BlackRock, which manages some $11.5 trillion in assets, left the Net-Zero Asset Managers (NZAM) initiative on Jan. 9 citing confusion over its climate efforts

US lawmakers urge Joe Biden to extend TikTok January 19 ban deadline

Biden could extend the deadline by 90 days if he certifies ByteDance is making substantial progress toward a divestiture

Mexico's Sheinbaum plans to cut Chinese imports in apparent nod to Trump

Sheinbaum also used her speech to defend the US-Mexico-Canada (USMCA) trade pact, which she said was the only way to compete with China

Six EU countries call for lowering of G7 price cap on Russian oil

Price caps on Russian seaborne crude as well as refined petroleum products were set by G7 countries to curb Moscow's revenues from oil trade

Malaysia imposes anti-dumping duties on iron, steel from four nations

The decision followed an investigation begun in August into the products from China, India, Japan and South Korea that started after a petition from a domestic producer