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Biden, Modi to make progress on GE jet engines, nuclear: White House

Earlier this year, the aerospace unit of General Electric announced it had signed an agreement with Hindustan Aeronautics to jointly make engines in India to power fighter jets for the IAF

US, Saudi Arabia, India discuss possible rail, port connectivity deal

The plans for a sweeping, multi-national ports and rail deal would come at a critical time. To counter China's Belt and Road global infrastructure push, Biden is pitching Washington

Unesco seeks regulation in first guidance on GenAI use in education

The Paris-based agency also sought to protect the rights of teachers and researchers and the value of their practices when using GenAI

US plans to give seized Russia money to Kyiv, says Kremlin spokesman

US Secretary of State Antony Blinken said on a visit to Kyiv on Wednesday that Washington was transferring to Ukraine $5.4 million

UN chief says global finance system fragmenting; Myanmar crisis worsens

He called for a mechanism to provide relief for debt-strapped developing economies, to include payment suspensions, longer lending terms and lower interest rates

Oil prices slip on weak Chinese outlook despite US stock drawdown

Brent crude futures fell 19 cents, or 0.2%, to $90.41 a barrel by 11:33 a.m. EDT (1533 GMT), while U.S. West Texas Intermediate crude (WTI) futures fell 17 cents, or 0.2% to $87.36

UK says it won't change immigration policy to secure India trade deal

There is growing optimism that a free trade deal between the countries could be concluded this year though the remaining topics to be discussed are some of the difficult

India digital rupee transactions hits 18,000 a day, still below target

The central bank last year began pilot programmes to use the e-rupee in retail and wholesale markets as an alternative to cash

Inflation likely to be cooled in August, but still above RBI target range

Erratic monsoon rains have ruined some crops of staple food items, prompting the government to subsidise vegetable prices and ban exports of some cereals, providing temporary relief to households

British businesses plan lowest price rises since February 2022: BoE

Businesses surveyed in the three months to August expected to raise prices by 4.9% over the coming year, the smallest percentage since February 2022 when Russia invaded Ukraine

August fuel consumption perks up by 6.5% on strong manufacturing

India's factory growth accelerated at the fastest pace in three months in August, driven by strong growth in new orders and output, according to a private survey

Temasek leads $140 mn Ola Electric funding at $5.4 bn valuation: Report

Ola Electric, founded by Bhavish Aggarwal and backed by Japan's SoftBank Group, has become India's e-scooter market leader with a 32% share

L&T sees share of private orders settle at a third but remain below peak

L&T, seen as a bellwether for investment in the Indian economy, had a consolidated orderbook of Rs 4.12 trillion ($49.55 billion) as of June 30

With Indian rupee near record low, RBI steps up NDF intervention: Bankers

The rupee was at 83.1525 to the U.S. dollar as of 11:16 a.m. IST, not too far from its record low of 83.29 hit in October 2022. The currency has largely avoided the decline in its Asian peers

GAIL to tap spot LNG markets to meet increased demand of electricity

"We have been servicing the demand for the last one month also. Demand is already there," he said

Rupee to stay weak, third of analysts expect new low within a year: Poll

However, the RBI's regular interventions, which have brought foreign currency reserves below $600 billion, ensured limited depreciation

Chinese Premier Li Qiang warns against 'new Cold War' at ASEAN summit

"At present, it is very important to oppose taking sides, bloc confrontation and a new Cold War," Li told the meeting

Bank of England is 'much nearer' to peak interest rates, Bailey says

The BoE has raised rates at each of its last 14 meetings as it grappled with the highest inflation among the world's big, rich economies

India to offer $452 mn in incentives for battery storage: Anurag Thakur

India will offer $452 million in incentives to companies to set up battery storage projects, in a bid to boost the country's green energy capacity, a top minister said

Go First lessor seeks parts replacement 'robbed' from grounded planes

Go First has been locked in legal disputes with many of its foreign lessors since being granted bankruptcy protection in India in May