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Govt allows FCI to sell wheat from stocks to flour millers, biscuit makers

Last year, FCI began selling wheat to private players in June. It sold a little more than 10 million metric tons in the fiscal year to March 2024, a record sale from state reserves

Saudi Arabia raises $12.35 bn from Aramco share sale after increasing offer

Aramco's shares have risen 3.3 percent since the offering last month

Official employment data masks India's jobs problem, say economists

The jump in employment cannot be equated to the creation of formal jobs with regular wages

N Korea balloons, GPS interference raise safety risks for S Korean airspace

Hundreds of balloons landed in the South during seven waves between May 29 and June 27, including one on a runway at Incheon airport

Microsoft ditches board observer seat at OpenAI amid regulatory scrutiny

iPhone maker Apple had also been expected to take an observer role on OpenAI's board but would not do so

China's June consumer inflation misses expectations amid weak demand

Beijing has sought to revive consumption after a stuttering post-Covid recovery, but concerns are lingering over more fundamental issues including a protracted housing downturn

Consumer price inflation seen up in June due to soaring vegetable prices

Prices of tomatoes, onions, and potatoes - staples in every Indian kitchen - surged by double digits last month as extreme heat, heavy floods in northern states disrupted agricultural production

Unsure of Trump's actions if re-elected in US elections: Zelenskiy

Zelenskiy, speaking in Washington as world leaders gather for this week's Nato summit, said he hoped Trump would not quit the 75-year-old Nato alliance

Embattled Biden welcomes heads of Nato member states in Washington

"We are fighting for additional security guarantees for Ukraine - and these are weapons and finances, political support," he said in a video on the Telegram messaging app

French elections: Left bloc wants to rule but centrists demand a role

The left-wing New Popular Front (NFP) won the most seats in the National Assembly but fell short of an absolute majority by about 100 seats

France's election outcome 'negative' for credit rating, says Moody's

France is facing complex negotiations to form a government after a left-wing surge in elections on Sunday blocked Marine Le Pen's quest to bring the far right to power

Funding into AI-focused startups more than doubles to $24 bn in Q2

Overall startup funding grew 16% sequentially to touch $79 bn in last quarter, primarily driven by investments in AI, which became largest sector for first time, followed by healthcare and biotech

More good data will strengthen case for interest rate cut: Fed's Powell

A jobs report on Friday showed a still-solid 206,000 jobs added in June, but with a slowing monthly trend and a rising unemployment rate now at 4.1%

Crisis-hit Paytm gets govt panel's nod to invest in payments arm: Report

The approval, which still has to be vetted by the finance ministry, will remove the main stumbling block to the unit, Paytm Payment Services, resuming normal business operations

Inflation edges higher in June due to soaring vegetable prices: Survey

The July 5-9 Reuters poll of 54 economists forecast consumer price inflation rose to 4.80% last month on a year earlier, up from 4.75% in May. Food accounts for around half the overall CPI basket

Expert panel suggests exchanges reduce options contract expiries: Report

The recommendations will be taken up for consideration next week, the sources added, declining to be named as they are not authorised to speak to the media

EU warns of data 'black holes' amid efforts to uncover shadow bank risk

Private credit lenders are increasingly the go-to financiers of companies that struggle to raise money from mainstream banks

India races to build hydropower plants in region claimed by China: Report

Under the scheme, about Rs 9,000 core will likely be allotted for the 12 hydropower projects in Arunachal Pradesh, said the sources, who have direct knowledge of the matter

Investors shift to Singapore Exchange after RBI's curbs on rupee futures

The Reserve Bank of India has been seeking to increase the volume of rupee derivatives traded in the local market relative to offshore, which helps them have more control over the currency

Fed mulls rule change that could save biggest US banks billions in capital

Updating those inputs or "coefficients" would reduce the banks' systemic scores and resulting capital surcharge, said the people who declined to be identified discussing private regulatory issues