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Essar plans to make Saudi Arabia regional hub to drive expansion locally

Saudi Arabia has been trying to shift its economy away from oil and is aiming to manufacture more than 300,000 cars annually by 2030

NFRA probing Adani Group's auditor SR Batliboi, an EY member firm

In a statement on Wednesday, Adani Group rejected any suggestions that the company and its business have not acted as per the regulations and accounting standards of the jurisdictions they operated in

Millions more Americans were food insecure in 2022 than 2021: USDA report

"The report is a stark reminder of the consequences of shrinking our proven safety net," Agriculture Secretary Tom Vilsack said in a statement

Rehearsed delivering a massive retaliatory nuclear strike, says Russia

"Practical launches of ballistic and cruise missiles took place during the training," the Kremlin said in a statement on the nuclear drills

Metal stocks buck the trend on China stimulus, BSE Metal index rises 0.85%

The world's second-largest economy consumes almost half of the global metals supply. As a result, China's economic outlook has a huge bearing on metal prices

Safe-haven gold gains buoyed by Middle East conflict; US data in focus

US business activity ticked higher in October while output in the euro zone took a surprise turn for the worse, surveys showed on Tuesday

US dollar edges higher as risk sentiment sours, treasury yields rise

Analysts, however, see limited room for yields and the dollar to extend gains

Moody's quarterly profit beats market estimates on robust research demand

The New York-based company saw robust demand for its data and insights, including CreditView, its flagship credit research product

Microsoft-backed AI safety forum names first director, plans advisory board

The Frontier Model Forum is backed by ChatGPT-owner OpenAI, Microsoft, Google's parent Alphabet and AI startup Anthropic

Microsoft extends cloud lead over Alphabet, focuses on OpenAI, big clients

Gains in the shares of Microsoft were set to add about $90 billion to its market capitalization.

Boeing trims annual 737 delivery forecast due to supplier errors

It also plans to meet a delivery target of at least 70 widebody 787 Dreamliners in 2023 and is transitioning from a production rate of four to five jets per month

Amazon discloses 181 mn users in EU in first store transparency report

In August, the Digital Services Act (DSA) imposed new rules on content moderation, user privacy and transparency for platforms and search engines labelled as very large online platforms

India govt bond yields edge lower as crude oil prices, US peers drop

The 10-year benchmark bond yield closed at 7.3408% after ending at 7.3769% in the previous session

Hilton's revenue rises by 12%, beat estimates on record lodging prices

The U.S. hospitality industry in recent months has benefited from pricier rates and a strong rebound in international travel as consumers take advantage of a strong dollar

GMR Airports, affiliates to buy 11% additional stake in Hyderabad airport

GMR Aiports holds a 63% stake in GMR Hyderabad International Airport (GHIAL). The acquisition will raise its stake to 74%

Centre extends mandate on imported coal power plants to run till Jun 2024

The order issued using an emergency clause mandates power plants based on imported coal to operate to meet the country's high electricity demand

Stocks rebound globally as US yield stabilises; Dow Jones, S&P gain

The benchmark US 10-year Treasury yield remained high on Tuesday, though it was short of the 5 per cent level

General Motors withdraws its 2023 guidance, UAW strikes SUV plant

With the UAW clash throttling revenue and profits, Chief Executive Mary Barra told investors the automaker will slow its electric vehicle strategy to put profits ahead of sales targets

Instagram linked to depression, anxiety, insomnia in kids, claims lawsuit

In a complaint filed in the Oakland, California, federal court on Tuesday, 33 states including California and Illinois said Meta, which also operates Facebook

Battery testing race to work out what used electric vehicles are worth

With traditional combustion-engine cars, mileage and years racked up can quickly tell prospective buyers how much they should fork out