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Indian shares slide as IT firms fear high interest ahead of US jobs data

IT stocks lost 0.66%, falling for the third session in a row due to worries about rate hikes in the United States and Europe, where a majority of their clients are based

HUL board names Rohit Jawa next MD & CEO, to succeed Sanjiv Mehta

Rohit Jawa, currently chief of transformation for Unilever, will take charge as MD and CEO from June 27

Global house prices set to decline, risk of more with higher rates

That in turn has pushed up rents sharply in most markets, leaving the overall cost of housing much more expensive in just the past few years

Expectations of US interest rate hikes dragging crude benchmark downwards

Expectations of further rate hikes in the world's largest economy and in Europe have clouded the global growth outlook and driven both crude benchmarks down more than 5% so far this week

Boeing to set up freight conversion facility in India amid growing demand

Boeing Co will set up in India a facility to convert passenger aircraft into freight planes to capitalise on growing global demand for cargo, executives from the US aviation firm said on Friday

Troubled Silicon Valley startup bank spooks share markets, bonds rally

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3% to a two-month low, with banks and Hong Kong tech stocks leading losses, while London and European futures each slid more than 1%

How Apple, Foxconn's efforts led to landmark reforms in India's labour laws

Apple and its supplier Foxconn were among the companies that lobbied for a landmark liberalisation of labour laws in the southern state of Karnataka earlier this month, the Financial Times reported

India's inflation seen easing slightly in Feb, still above RBI target: Poll

Rises in food prices, which account for nearly half of the Consumer Price Index (CPI) basket, likely moderated last month

India's February fuel demand hit at least 24-year high, shows data

India's fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil

Explainer: Why has power demand in India surged post Covid-19 recovery?

Power demand jumps 10% in the first two months of 2023 from a year ago

India jostles with China for April ESPO crude from Russia, prices jump

Indian refiners mostly buy Russian oil on a delivered basis, with the seller arranging for insurance, freight and ship

India's April-February finished steel exports slump 52%: Govt data

Major steelmakers reported a drop in profits in the December quarter, in part because the government in May imposed the tax, which applied to exports of some intermediate steel products, such as bars

Jio's Radisys to buy Mimosa for $60 mn to bolster 5G, broadband services

The conglomerate via Jio, India's leading telecom service provider, is ramping up 5G and broadband services across the country after snapping up airwaves worth $11 bn in a 5G spectrum auction last yr

India, US to sign MoU on semiconductors, says US Commerce Secretary

The two nations will map the semiconductor supply chain together and identify opportunities for joint ventures and technology partnerships, Raimondo added

Gold trades in tight range as investors squared positions for US jobs data

The dollar index slipped 0.3% after hitting a three-month high in the previous session. A weaker greenback tends to make bullion a more attractive bet

Mango's sales hit record $2.8 bn sales as Zara's rival expands in US, India

Mango began to increase its presence in India and opened a flagship store in New York in May, one of nine new shops opened in the United States last year and of 119 outlets in all its markets

RBI to hold 14-day variable rate repo auction for Rs 1 trillion on Friday

The sharp squeeze in liquidity has pushed up money market rates, with the 364-day treasury bills selling at yields above the 10-year paper's on Wednesday

Balance sheet comfort may allow RBI to let rupee appreciate: Citi

Citi estimates the RBI's gross forex sales in the first nine months of fiscal 2023 at $189 billion against $96 billion in the whole of fiscal 2022

Dollar holds near three-month highs on rates outlook by Jerome Powell

The yuan weakened after the government reported unexpectedly low inflation

India must prepare to curb volatility risks of int'l rupee: RBI deputy gov

An international currency is one that is freely available to non-residents, essentially to settle cross-border transactions, and in the case of the rupee, this will be achieved by promoting it An inte