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Estee Lauder to buy US fashion label Tom Ford in $2.8 billion deal

The deal is the latest in a series of acquisitions by Estee Lauder, including taking control of Ordinary skincare brand owner Deciem last year for about $1 billion

Govt plans changes in capital gains tax in Budget 2023, says report

Changes in capital gains tax in India are expected in the next budget, an income tax official from India's finance ministry said on Tuesday

Rich nations stick to coal phase-out as China builds new plants

Countries within OECD policy forum and European Union on track to close more than 75% of their coal power capacity from 2010 to 2030

G20: Leaders see deteriorating debt woes in middle-income nations

The leaders said they would step up efforts to implement the Common Framework for debt treatments in a "predictable, timely, orderly and coordinated manner"

Missiles hit Kyiv after Zelenskyy lays conditions for peace at G20

Power provider DTEK announced emergency blackouts in the capital and authorities announced similar steps elsewhere, too

Wheat stocks halve from a year ago, inventories marginally higher: Data

Wheat inventories at government-run granaries stood at 22.7 million tonnes on Oct 1

India may stop releasing early trade data estimate, says official

The move aims to dispel any confusion over divergence between the two sets of data, federal trade secretary Sunil Barthwal told reporters in New Delhi

Warren Buffett's Berkshire Hathaway buys stock worth $4.1 bn in TSMC

TSMC's other foreign investors include U.S. asset managers BlackRock Inc and Vanguard Group Inc, and Singapore sovereign wealth fund GIC

Govt asks state-owned firms to consider insolvency court to shut units

Public sector companies will have to file an insolvency application under IBC for the resolution of a loss-making unit within three months of approval from a committee comprising top cabinet ministers

RBI likely to go for smaller rate hikes as inflation eases: Analysts

The RBI has already raised rates by 190 bps since May, to 5.90%, as it battles to reign in inflation that has stayed above its 2%-6% tolerance band for ten straight months now.

G20 meet: There should be no restrictions on energy supplies, says PM Modi

"India's energy security is also important for global growth," Modi was quoted as saying in a statement released by the Indian foreign ministry.

Six airlines to issue $622 mn in passenger refunds: US transportation dept

The actions helped ensure the carriers paid required refunds "to hundreds of thousands of passengers who had their flights canceled or significantly changed"

Cummins Inc, Tata Motors team up to develop hydrogen-powered engines

India will be one of the first markets to receive Cummins' hydrogen engines, the company said

SpiceJet quarterly loss widens to Rs 838 crore on higher fuel prices

Losses widened to Rs 838 crore ($103.25 million) for the three months ended Sept 30

Dollar surges as traders say markets overreacted to US inflation data

The euro fell 0.6% against the dollar to $1.0284 at 1130 GMT, after rising to a three-month high during Asian trading hours

Opec cuts oil demand growth forecast again as economic challenges mount

The group, which recently cut production targets, will remain cautious, Saudi Arabia's energy minister was quoted as saying last week

India's smartphone shipments drop 10% in Q3 as prices hit record: IDC

The average selling price jumped 15% year-over-year, and 6% from the previous quarter, to a record $226, IDC said

Oil prices fall $1 on surging Covid cases in China, firmer US dollar

Covid-19 cases climbed in China over the weekend, with Beijing and other big cities on Monday reporting record infections

India's palm oil imports dip 4.8% in 2021/22, soyoil overseas buying up 45%

The country's palm oil imports in the marketing year ended on Oct. 31 fell to 7.9 million tonnes

Oil prices extend gains as China eases some Covid-19 restrictions

Brent crude futures rose 87 cents, or 0.9%, to $96.86 a barrel by 0041 GMT after settling up 1.1% on Friday