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Huawei, Alibaba among companies seeking Chinese deepfake approvals

Five Chinese tech firms, including Baidu Inc and SenseTime Group, on Thursday launched AI chatbots to the public after receiving government approval

Reliance Retail Ventures in talks with investors to raise another $2.5 bn

According to a Reuters report, the company intends to raise $2.5 billion, which is part of a combined target of $3.5 billion, and plans to complete this exercise by the end of the quarter

Foreign exchange reserves remain largely flat at $594.86 bn as of Aug 25

Forex reserves fell by a marginal $30 million for the week, compared to a $7.27 billion drop in the week ended Aug. 18, the data showed

Indian automakers post rise in August sales ahead of festive season

In the passenger vehicles (PV) category, sales for Maruti Suzuki and Mahindra and Mahindra grew 16.4% and 25%, respectively, for the month compared to a year earlier

US job growth picks up more than expected in August; wages gains slow

The economy needs to create roughly 100,000 jobs per month to keep up with the increase in the working-age population

93% of Rs 2,000 notes worth Rs 3.32 trillion returned since May: RBI

The RBI had said in May that it would withdraw these high-value notes, permitting their exchange or deposit until Sept. 30

Reliance Retail in talks with global investors to raise $2.5 billion

In an emailed statement, Reliance said "As a policy, we do not comment on media speculation and rumours.", but added "Our company evaluates various opportunities on an ongoing basis"

Vedanta lobbied to weaken environmental regulations during pandemic: OCCRP

Vedanta's oil business, Cairn India, also successfully lobbied to have public hearings scrapped for exploratory drilling in oil blocks it won in government auctions, the report said

Morgan Stanley ups India's FY24 economic GDP forecast while BofA cuts

Economists at BofA Global Research, however, cut their estimates as quarterly growth missed their forecast

India's manufacturing PMI jumps to 58.6 in August, hits 3-month high

This marked a sustained expansion, with 26 months above the 50-mark separating growth from contraction, the longest stretch since March 2020 when pandemic-induced lockdowns were imposed

Nomura raises India's economic growth forecast for FY24 to 5.9%

India's Gross domestic product (GDP) expanded a more-than-expected 7.8% on an annual basis in the June quarter, Thursday's data showed, accelerating from 6.1% growth recorded in the March quarter

India house prices on track for steady rises, affordability to worsen

The outlook was more upbeat and stable compared with companion polls of property markets in developed economies, where house prices are expected to fall or stagnate after surging as much as 50%

Wall Street shows mixed response, dollar gains after inflation data

The tech-laden Nasdaq was modestly higher, the S&P 500 was essentially flat, while the Dow turned negative

UBS Group begins $10 billion cuts, to fire 3,000 Swiss staffers: Report

The prediction of over $10 billion in cost-savings by end 2026 compares with an earlier estimate of $8 billion by 2027

Tesla faces federal probes over secret Musk house, vehicle range: Report

Vehicle range also being probed

Centre invites bids for privatisation of Indian Medicines Pharmaceutical

Interested buyers in Indian Medicines Pharmaceutical should submit initial bids to the government by Oct 15, according to the government document

India's Russia oil imports fall to 7-mth low, Saudi jumps, shows trade flow

Refiners in India have been snapping up discounted Russian oil after some Western buyers shunned purchases over Russia's full-scale invasion of Ukraine in February last year

Pak rupee ends at record low of 305.5/$ on eased import restrictions

Pakistan imposed import restrictions from 2022 to stem outflows from its shrinking foreign reserves

India's April-July finished steel imports from China at five-year high

In all, India imported 2 million metric tons of finished steel in the period, the highest since 2020 and up 23% from a year earlier

Market regulator Sebi examined funds named by OCCRP in Adani Group probe

The funds named today are already a part of a regulatory probe into violations of public float norms by the Adani Group and any new facts will be considered, sources added