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India considers raising palm oil import tax to help rapeseed farmers

The increase in the tax on palm oil could lift local prices, making the tropical oil a little less competitive than rival soyoil and sunflower oil

Nannies on call, spas; India witnessing 'mad rush' for luxury housing

Many people want to upgrade their homes after the Covid-19 pandemic confined them indoors, industry executives say. Working from home has also led to a demand for larger apartments

Oil prices down on China outlook, spotlight on possible rate hikes

At the same time, oil prices are likely to be impacted by rate hikes across the world as global central banks tighten policy over fears of increasing inflation

Indian shares extend rally for 2nd time after strong economic data from US

Most of the Adani group stocks advanced, extending gains after U.S. boutique investment firm GQG Partners' $1.87 billion investment in the conglomerate on Thursday

Rupee poised to extend rally on soft dollar index, positive risk mood

The non-deliverable forwards indicate the rupee will open at around 81.85 to the dollar compared with 81.9650 in the previous session

Dollar subdued as traders eye Powell's testimony, February jobs report

The dollar index, which measures the U.S. currency against six major peers, was down 0.057% at 104.560, but not far off a seven-week high of 105.36 it touched last week

Can't get my money out of China, India better investment option: Mobius

Mobius, who calls himself 'the Indiana Jones of Emerging Market investing', told FOX Business he's increasing exposure to alternative markets such as India and Brazil

Foxconn reports 11.65% fall in February sales, sticks to Q1 outlook

Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler for Apple, said revenue in February fell 11.65% year-on-year due to weakness in smart consumer electronics

Foxconn seeks cooperation with India in new areas like EVs, chips

Major Apple Inc supplier Foxconn said on Saturday it was seeking cooperation in India in new areas like chips and electric vehicles (EVs) after a visit to the country by its chairman, Liu Young-way

Lanka's central bank raises interest rates in anticipation of IMF bailout

Central bank Governor P Nandalal Weerasinghe said with the rate increase all "prior actions" have been fulfilled and he was hopeful of the IMF bailout being approved within this month

Russians pound access routes to Ukraine's besieged Bakhmut: Report

Prigozhin's men have spearheaded the assault in eastern Ukraine for months

At China political meeting, internet bosses are out, chip execs are in

Economy showing signs of recovery from its Covid slump

Budget airline IndiGo pits Boeing against Airbus in record jet order talks

Indian budget carrier IndiGo is in talks with both Boeing and its supplier Airbus to order more than 500 passenger jets, potentially smashing an industry record set by domestic rival Air India

GQG Partners sees shares fall as much as 3% after Adani investment

In early trade, GQG shares were down by as much as 2.6% whereas the S&P/ASX200 benchmark index was up 0.4%

Adani Group to hold fixed-income road shows in London, Dubai, US in March

Adani group management, including group Chief Financial Officer Jugeshinder Singh, will attend the road shows which will run between March 7 to March 15, the document showed

India's wheat output dented by heatwave, could limit govt stock building

The reduction in production amid a drop in inventories to the lowest level in 6 years may force the world's second biggest producer of the grain to allow imports after banning exports last year

Australian pension fund client queries GQG about $1.9 bn Adani investment

AustralianSuper, which has an external mandate with GQG Partners, will be exposed to the four Adani Group companies following the deal, according to a source familiar with the matter

India's services PMI activity in Feb grows at its fastest pace in 12 years

The S&P Global India Services Purchasing Managers' Index rose from 57.2 in January to 59.4 in February, its highest since February 2011 and considerably above all forecasts

Commercial paper rates may rise further as liquidity dries up, say analysts

Earlier this week, state-run financial institution NABARD raised three-month funds at 7.65%, which was over 40 basis points higher than what it paid for a similar paper a month ago

Major central banks return to rate hikes to fight inflation in February

Policy makers in Australia, Sweden, New Zealand and Britain joined the U.S. Federal Reserve and the European Central Bank in lifting key lending rates by a total of 250 basis points (bps)