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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)

Cough syrups likely to blame for children's deaths in Gambia, CDC concludes

The new investigation strongly suggests that medicines contaminated with the toxins, imported into Gambia, led to the cluster of acute kidney injury among 78 children

US nominee to head World Bank, Ajay Banga, to visit China, other countries

Banga said he believes the scientific evidence on climate change, and underscored the need for the bank to continue to work on poverty reduction and inequality

$50 billon lost in just minutes as Tesla's stock tumbles over 8%

Investor Day disappoints as firm says it would cut EV production costs by 50%, and remains silent on the much-awaited affordable car

More than two dozen sugar mills close early in Maharashtra: Govt official

Sugar mills in Maharashtra were operational until mid-June in 2021/22 as they harvested a record crop

Foreign investors to seek review of enhanced rules after Adani rout: Report

In the first week of February, SEBI wrote to custodian banks asking them to reach out to their FPI clients by March and share details of beneficial owners by the end of September

State Bank of India completes first commercial trade in Sri Lankan rupees

The move comes as Sri Lanka grapples with its worst economic crisis since its independence, triggered by a shortage of dollars

Russia can maintain oil output at pre-conflict levels, says JP Morgan

JP Morgan forecast Russia would be able to maintain its oil output at pre-Ukraine conflict levels due to steady demand from China and India

Stocks, Euro register fall after stubborn Euro zone inflation data

MSCI's broadest index of world shares dipped 0.2%, hovering near 7-week lows. The STOXX 600 index slid 0.3% and Wall Street's S&P futures were down 0.6%

Oil gains on demand growth from China, but European inflation remains high

China's seaborne imports of Russian oil are set to hit a record high this month as refiners take advantage of cheap prices

Supreme Court asks Sebi to check on Adani's related party transactions

The Supreme Court of India also ordered the formation of an investor-protection panel amid sharp falls in the Adani group's shares

Sebi passes interim orders against entities for stock manipulation via YT

The Sebi in preliminary investigations, identified 46 entities that used the video streaming platform to pump and dump stocks

US pick to head World Bank, Ajay Banga, starts 'charm offensive': Report

Directors appreciated Banga's management and leadership experience, and his willingness to engage openly, the source added

Gender equality in boardrooms out of reach until 2038, says MSCI

This means women will not take an average of 50% of board seats across the 2,811 companies which make up MSCI's All Country World Index (ACWI) until 2038, based on the current trajectory

Adani Group secures $3 bn credit from sovereign wealth fund: Report

Adani Group has told creditors it has secured $3 bn loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease concerns

Adani Group secures $3 bn credit from sovereign wealth fund: Sources

The identity of the sovereign wealth fund was not disclosed in the memo. A third person familiar with the matter said Adani's management told investors it was from the Middle East

Bajaj Finserv gets regulatory license to start mutual fund business

Bajaj Finserv MF aims to create a tech-driven, multi-channel approach to serve investors across various touchpoints and geographies in order to build a future-ready asset management company

Petronas clean energy arm sees India, Australia as key market for growth

The state-owned company has said it would allocate 20% of its overall capital expenditure for decarbonisation projects and cleaner energy solutions from 2023 to 2026

Andhra Pradesh launches probe into fire at Apple supplier Foxlink

The factories department, which is responsible for ensuring the safety and welfare of workers in the state, has launched an investigation

India December quarter GDP growth stronger than data suggests: Economists

India's GDP grew 4.4% in October-December, down from 6.3% in July-September, and below the 4.6% forecast in a Reuters poll