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India's plan for raw material curbs ignores Red Sea crisis: Arcelor-Nippon

The curbs planned by the world's second-biggest producer of crude steel could hit output, as they cap imports of a steelmaking fuel, low ash metallurgical coke

India's biz activity grows faster in June, job creation at 18-yr high: PMI

The manufacturing index showed bigger gains to 58.5 from 57.5 in May while the dominant services industry's reading rose slightly to 60.4 this month from 60.2

After rallying to 26-mth high, Asian shares end the week with a whimper

Overnight, the Swiss National Bank cut rates for a second time while the Bank of England opened the door to an easing in August after holding rates steady

Death toll rises to 47 in Kallakurichi hooch tragedy, over 100 hospitalised

Police arrested four people over illicit liquor sales and seized 200 litres of the alcoholic drink

Govt bond yields flat as traders monitor debt sale, RBI policy minutes

Reserve Bank of India (RBI) will release the minutes of its June policy meeting after market hours on Friday

Japan imposes trade curbs on Chinese firms for backing Ukraine war

The new sanctions also target firms in India, Kazakhstan, and Uzbekistan

Govt seeks exemption for sovereign funds from RBI's AIF rules: Official

The rules, tightened to prevent evergreening of loans, were partially eased later in March

India shuns China's calls to resume flights after 4 years, say officials

India-China relations have been tense since the biggest military confrontation in decades on their disputed Himalayan border

Putin says Russia keen to partner with Vietnam in energy, security

Russia, a major energy, natural resources and nuclear power, pivoted to Asia after the West imposed sanctions on Moscow for the conflict in Ukraine

Rice export prices climb to near three-month high as demand picks up

India on Wednesday raised the price at which it will buy new-season common rice paddy from farmers by 5.4% to 2,300 rupees ($27) per 100 kg

Brent oil futures stable above $85 a barrel ahead of US inventory data

Oil prices are likely to remain supported around current levels because of a growing geopolitical risk premium driven by conflict in the Middle East, said ActivTrades analyst Ricardo Evangelista

IHH, Sunway among bidders for Affinity's Malaysian hospital: Report

Private equity firms CVC Capital Partners and TPG Capital also submitted initial bids, one of the sources said

Biocon searches for partner to test generic Wegovy, Ozempic in China

Biocon's generics would join at least 15 other generics or biosimilars in development by Chinese drugmakers ahead of an expiry of patent protection on semaglutide

Monsoon advances, set to bring relief from heatwave in northern plains

The monsoon is expected to advance swiftly from next week and bring down temperatures in northern India

Swiss financial regulations not yet tough enough post-Credit Suisse: SNB

Credit Suisse roiled financial markets last year when it collapsed following a string of financial problems

Malaysian, Chinese firms ink deals worth $2.8 bn in potential investments

The agreements were made in conjunction with Chinese Premier Li Qiang's visit to the Southeast Asian country

EU electric car sales fall in May as German demand slumps, says industry

Overall new car sales in the bloc fell by 3 per cent in May from the same month in 2023, the second drop this year

Vedanta to raise $120 million by issuing non-convertible debentures

In the past two months, Vedanta's board has already approved raising up to $300 mn through debentures

Vaccine group Gavi seeks $11.9 bn to immunise world's poorest children

The amount will be finalised at a meeting on Thursday in Paris, where donors will make pledges for the organisation's plan for 2026-2030

Nippon-US Steel deal may hike decarbonisation costs, say shareholders

Nippon Steel, the world's fourth biggest steelmaker, last year announced a $15 billion takeover offer for US Steel