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India's rice export curbs put contracts for 2 million tonnes at risk

India's decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said

India's forex reserves top $600 billion, rise to near 15-month high

They rose by $12.74 billion from the week earlier - the biggest gain in four months - having risen by a total of $3.08 billion in the prior two weeks

Morgan Stanley lifts US growth forecast on expectation of infra investment

Economists at Morgan Stanley now expect U.S. real gross domestic product (GDP) to grow 1.3% on average in 2023, from an earlier forecast of a 0.6% rise

India, Sri Lanka agree to boost ties via energy, power and port projects

The two countries also will soon restart negotiations on a more expansive trade deal known as the Economic and Technological Cooperation Agreement

India may continue supply interventions to curb food inflation: Nomura

Earlier this month, the government stepped in to procure tomatoes from certain centres to redistribute them in regions of high consumption to bring down prices

Ultratech Cement's Q1 profit rises 6.6% on strong domestic demand

Consolidated net profit for the quarter ended June 30 came in at Rs 1,688 crore ($205.8 million), compared with Rs 1,584 crore a year earlier

Federal Bank raises Rs 959 cr from IFC via preferential issue of shares

The shares were issued at a price of 131.91 per share and were approved by the board on Friday, the bank said in a notification to exchanges

Tiger Global, other investors ask India to reconsider online gaming tax

Over 100 gaming firms wrote a letter to the finance ministry last week, with a similar request, saying the tax will stifle foreign investment and put $2.5 billion already invested in sector at risk

India aims to trade electricity with Southeast Asian countries: Report

The grid linkages, which industry official said could take at least four years to complete, follow India's effort to begin trading power with Middle Eastern countries such as the United Arab Emirates

Poland to move soldiers to east of country over Wagner risks: Report

On Thursday, the Belarusian defence ministry said Wagner mercenaries had started to train Belarusian special forces at a military range just a few miles from the border with NATO-member Poland

Rice prices to climb further after India export ban, trade at standstill

In Thailand, the world's second biggest exporter, suppliers were waiting to find out prices before signing new deals

Hindustan Unilever stock falls 2.4% after costs hit quarterly profit

Fast-moving consumer goods markets are recovering gradually although the operating environment remains "challenging," CEO Rohit Jawa said

Fed launches long-awaited instant payments service, modernising system

The Fed said on Thursday in a statement that 35 banks and credit unions were currently utilizing the service, as well as the Treasury Department's Bureau of Fiscal Service

US airlines see no letup in travel demand despite broader economic concerns

Airlines say travel has become the topmost priority for consumers, but capacity constraints will not let them catch up with demand for anytime soon, helping sustain the post-pandemic travel boom

WHO seeks help from India in latest toxic syrup-deaths case in Cameroon

The alert about Naturcold is the latest of several similar warnings issued in recent months about contaminated cough syrups sold worldwide

Google tests AI to write news articles, in talks with news organisations

The product named Genesis has been demonstrated for executives at New York Times, Washington Post, and Wall Street Journal

Top rice exporter India bans most shipments as late monsoon hits crop

India accounts for more than 40% of world rice exports but low inventories mean any cut in shipments will fuel food prices driven up by Russia's invasion of Ukraine last year and erratic weather

YouTube hikes prices on US premium plans; annual subscription up $20

It has also hiked prices for YouTube Music by $1 to $10.99 in the U.S. The move follows similar price increases by Amazon Music, Apple Music and Tidal

US weekly jobless claims fall unexpectedly, shows labour market strength

Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 228,000 for the week ended July 15, the Labor Department said on Thursday

Gautam Adani to convert Mumbai slum into modern city despite challenges

It is the latest mega-project taken on by ports-to-energy conglomerate Adani Group, which already supplies electricity in Mumbai through listed unit Adani Transmission