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Google part of $36 mn funding round for Indian space startup Pixxel

The startup has raised more $71 million from investors including Accenture PLC. Pixxel did not specify the valuation it reflected

YES Bank aims to expand margins by 100 bps in next 3 years, says MD

Yes Bank is targeting a credit growth of 15% to 20% for fiscal 2024

Govt raises kharif crop prices as Modi woos farmers ahead of election

The government raised the cotton purchase price by nearly 9% to 6,620 rupees per 100 kg, also the highest increase in five years

Oil prices edge higher as Saudi Arabia cut outweighs bearish backdrop

The unexpected build in fuel inventories raised concerns over consumption by the world's top oil user, especially as travel demand grew during the Memorial Day weekend

Diverted Air India Delhi-US flight lands in middle of Russia airspace row

A Russian ban on some foreign carriers using its airspace, in retaliation for Western sanctions over the Ukraine war, has redrawn air routes and upset business models for some airlines

Starbucks brews up cheaper drinks in India as domestic rivals expand

Its new offerings are unique to India and unavailable in China, Singapore and the United States

China's exports tumble in May as global demand falters, imports fall

The poor export performance reflects weak demand for Chinese goods as does the weak import performance as China brings in parts and materials from abroad to assemble finished products for export

SAT overrules Sebi's order on cancelling of Brickwork Ratings' licence

India's markets appeals tribunal set aside a ruling by the markets regulator cancelling the licence of Brickwork Ratings India, according to an order published on the tribunal's website

Banks can offer NDF contracts to resident Indians for hedging: RBI

MUMBAI (Reuters) - India's central bank has issued rules allowing banks to offer non-deliverable forward contracts involving the rupee to resident Indians.

UBS to wrap up Credit Suisse loss agreement of $9.92 bn with govt by June 7

Under the takeover of Credit Suisse, orchestrated by Swiss authorities, Bern agreed to shoulder up to 9 billion francs in losses after UBS agreed to cover the first 5 billion francs in losses

Sequoia to separate China, India, Southeast Asia businesses by March '24

Global venture capital giant Sequoia announced that it is planning to separate China and India and Southeast Asia businesses into independent firms

Saudi oil output cuts unlikely to lift prices to high $80s-low $90s: Citi

Prices are expected to be range-bound, the analysts added, with Brent averaging $81 a barrel through the year

Crude Oil falls as economic fears overshadow Saudi Arabia's output cut

By Rowena Edwards

India to offer $455 mn in incentives for battery storage projects: Report

The scheme is intended to boost battery storage projects critical to India's ambitious plan to expand its renewable energy capacity to 500 gigawatts (GW) by 2030

Coromandel Express accident: Over 100 bodies remain unclaimed after search

The disaster struck on Friday, when a passenger train hit a stationary freight train, jumped the tracks and hit another passenger train passing in the opposite direction near the district of Balasore

RBI may set cutoff yield on 10-yr state bonds in 7.32%-7.35% band: Poll

MUMBAI (Reuters) - Indian states will aim to raise an aggregate of 173 billion Indian rupees ($2.09 billion) on Tuesday through the sale of bonds maturing in five years to 30 years.

Bankers await signs on RBI's liquidity approach amid persisting disconnect

"Banks are not parking funds with the RBI because they are unsure about how long the surplus liquidity will last," said Soumyajit Niyogi

India's palm oil imports hit 27-month low, buyers pick cheaper soft oils

India buys palm oil mainly from Indonesia, Malaysia - the top two producers - and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine

'Urgency' among world leaders to contain AI risks: OpenAI CEO Sam Altman

Altman is one of the tech world's most prominent voices urging governments to rapidly come up with regulations to make sure Artificial Intelligence is used responsibly

US SEC sues Binance, founder Zhao alleging securities law violations

The agency on Monday sued Binance and Zhao for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls