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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 faces high power cut risks after years of coal, hydropower neglect

A rapid addition of solar farms has helped India avert daytime supply gaps, but a shortage of coal-fired and hydropower capacity risks exposing millions to widespread outages at night

UK's CAA told Heathrow to cut fees it charges airlines over 2024-26

Heathrow charges would fall to about 25.43 pounds per passenger in nominal terms over the 2024-2026 period

Russia plans to challenge US nominee Ajay Banga to World Bank

Russia remains a voting member of the World Bank, although the bank halted all programs in Russia and Belarus last March

GQG Partners likely to increase investment in Adani, says Rajiv Jain

GQG Partners' founder Rajiv Jain said on Wednesday the fund manager would likely expand its $1.9 billion investment in the Adani group

India's oil deals with Russia dent decades-old dollar dominance

India is the third largest oil importer, and Russia became its leading supplier after Europe shunned Moscow following its invasion of Ukraine last year

1-yr, 10-yr govt bond yield curve inverts for first time since May 2015

The benchmark 2032 bond yield has risen only 12 bps during the same period, leading to spread compression and ultimately inversion

India must limit H1 bond sales to 55% of annual goal, say traders

India aims to borrow gross Rs 15.43 trillion ($187.85 billion) through a sale of bonds in the next financial year beginning April 1, up from the Rs 14.21 trillion raised this year

GQG founder to meet Australian investors after $1.9 bn Adani investment

Investment firm GQG Partners Inc founder Rajiv Jain will meet clients and investors in Australia this week and will explain its investment into embattled Indian conglomerate Adani Group

Federal Reserve Chair Jerome Powell pushes dollar to three-month high

The rising greenback broke above its 200-day moving average against the yen for the first time this year in Asia trade, hitting its highest since mid-December at 137.49 yen

Govt agencies to buy red onion as prices plunge on surplus output

Govt said it has directed two of its agencies to "immediately intervene" and purchase red onion crops from the market after prices fell significantly over last month, resulting in protests by farmers

Wall Street drops, Treasury yields gyrate on Fed Chairman Powell's remarks

US stocks retreated and benchmark Treasury yields wavered on Tuesday as Federal Reserve Chairman Jerome Powell commenced his semi-annual, two-day monetary policy testimony before Congress

Sri Lanka in talks to extend $1 bn Indian credit line as IMF deal looms

Sri Lanka is negotiating with India to extend a $1 billon credit line by a few months, as the island nation tries to line up funds for the rest of the year

Oil steady post 5 sessions of gains, as market juggles supply, demand fears

Oil prices were little changed on Tuesday after five sessions of gains, with weak oil data from top crude importer China balanced by concern over supply

Adani Group pre-pays over $900 million worth share-backed financing

Adani Group has been looking to ease concerns about its credit profile after a U.S.-based short seller noted high debt and alleged improper use of offshore tax havens and stock manipulation

GQG founder to meet Australian investors after $1.9 bn Adani investment

GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout

US must stop suppressing China or risk 'conflict': Chinese FM Qin Gang

"The United States' perception and views of China are seriously distorted," Qin said

India housing market to remain resilient despite higher rates: Poll

A major source of employment in a country of 1.4 billion people where a majority are unskilled, the Indian housing market is likely to remain a stable contributor to economic activity in India

ONGC signs MoU with France's TotalEnergies for deep-water exploration

The MoU seeks to provide technical help for ONGC's push to explore and reduce green house emissions in development of deep-water blocks especially in Mahanadi and Andamans, off India's east coast

Will pay up to settle labour dispute with Japan, says South Korea

Forced work under Japan's 1910-1945 occupation: The move presents a unified front against China and North Korea