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Enforcement Directorate accuses Pernod Ricard of more policy violations

In the Jan 6 filing documents the federal agency accused Pernod of a 'conspiracy to gain illegal benefit by submitting wrong affidavit' to Delhi authorities

India's sugar output up 5.39%, produced 25.4 mn tonnes so far this season

The association last month cut its 2022/23 output estimates by 7% from the previous forecast, as sugar cane yields in major producing states fell due to weather conditions

Asia shares creep higher, wary on US Fed Reserve and BOJ outlooks

Geopolitical tensions were ever present with North Korea firing more missiles and talk of Russia ramping up attacks in Ukraine before Friday's one-year anniversary of the invasion

Centre opposes Hindustan Zinc's $2.98 billion deal for Vedanta zinc assets

Directors nominated by the government at Hindustan Zinc had dissented to the proposed deal announced on Jan. 19, the letter showed

India's Russian oil imports surge to a record 1.4 mn barrels per day in Jan

Last month Russian oil accounted for about 27% of the 5 million bpd of crude imported by India, the world's third-biggest oil importer and consumer

Meta to test monthly subscription service 'Meta Verified' priced at $11.99

Meta's foray into subscription services follows Twitter, which announced last month that Twitter Blue will be priced at $11 per month

Dollar buoyant in early trade as robust US data keep Fed hawks in control

The greenback advanced broadly in early Asia trade, sending sterling 0.12% lower to $1.2028 and the Aussie falling 0.18% to $0.6866

Five dead as Israeli missile strikes residential area in Damascus

The strike, a rare one aimed at a residential area in the heart of the city, damaged several buildings in the densely populated district close to Omayyad square

Amazon asks employees to be in office at least three days a week from May 1

In a message that was posted on Amazon's blog, chief executive Andy Jassy wrote the decision was taken at a meeting earlier this week and the move would make it easier to learn and collaborate

Binance's US partner confirms firm run by CEO Zhao operated on exchange

Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to the trading firm, Merit Peak Ltd

US to push debt relief, Ukraine aid at G20 finance meeting in India

US Treasury Secretary Janet Yellen will join fellow G20 finance ministers and central bank governors in Bengaluru on Feb 23-25, spanning the first anniversary of Russia's invasion of Ukraine

India setting up $4 billion fund to backstop corporate debt market

During times of stress, the backstop fund could step into the market to buy relatively illiquid investment grade bonds

Goldman Sachs, BofA expect three more US Fed rate hikes this year

Both banks forecast Fed fund rates at 5.25%-5.5% range

Court should check 'truthfulness' of Hindenburg report on Adani: Government

The Supreme Court is yet to issue an order on setting up a panel proposed to examine investor protection mechanisms in the wake of Hindenburg Research's Jan. 24 report

Oil heads for weekly loss on Fed rate hike worries, signs of ample supply

Brent crude futures were down $2.37, or 2.8%, to $82.77 a barrel by 1145 GMT, while West Texas Intermediate (WTI) U.S. crude fell $2.07, or 2.6%, to $76.42.

RBI likely sold dollars in NDF market to keep rupee stronger: Bankers

Two of the bankers said that the RBI had been selling dollars in the NDF market prior to the opening of the onshore over-the-counter markets

India's forex reserves post biggest weekly decline in over 11 months

The reserves stood at a one-month low of $566.95 billion at the end of last week, down from $575.27 billion at the end of the prior week, during which it fell 1.5%

RBI may be selling dollars in NDF to keep rupee above 83/USD: Bankers

The central bank's move to sell dollars in the NDF before the open was likely aimed at ensuring that rupee does not fall below 83, the bankers said

CERC approves proposal to start new market segment for 'expensive' power

The approval from the CERC, given to the country's largest spot power market, is for electricity derived from costlier sources of imported coal and gas, as well as battery storage

GAIL plans to buy up to 26% equity stake in LNG projects in United States

GAIL had run into supply disruptions last year after Russia-owned Gazprom Marketing and Trading (GMTS) failed to deliver some LNG cargoes