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India's jobless rate rises to three-month high of 8% in Nov: CMIE data

India's unemployment rate rose to 8.0% in November, highest in three months, from 7.77% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed

Online British fashion retailer Boohoo partners with India's Myntra

Online fashion retailer Boohoo said on Wednesday it was entering the Indian market through a deal to feature its brands on Walmart Inc-owned online fashion site Myntra

SoftBank plans to sell 5% stake in PB Fintech via block deal: Report

The block deal on Friday could be at a base price of 440 rupees per share, CNBC-TV18 said in a tweet. PB Fintech's shares closed at 461 rupees on Thursday

Essar Group plans $4.9 billion petrochemical complex in Odisha

India's Essar Group plans to set up a 400 billion rupee ($4.92 billion) petrochemical complex in the eastern state of Odisha in a tie-up with a global player, it said in a statement on Thursday

Economy likely to grow 6.5%-7% next fiscal year, says Sanjeev Sanyal

Global agencies such as the International Monetary Fund and the World bank, for instance, have forecast India's growth will be 6.1% and 6.0%, respectively, next fiscal

Global factory activity shrank in November but price pressures ease

While the surveys indicated that factories in the euro zone still face a harsh winter it may not be as bad as initially feared and there were signs rampant inflationary pressures were abating

HDFC Bank completes mega bond issuance amid strong demand: Analysts

The private lender raised 150 billion rupees ($1.85 billion) through 10-year Tier-II bonds at an annual coupon of 7.86%, for which it had received bids worth 240.80 billion rupees

e-Rupee: India's digital currency fails to excite interest, say bankers

Seven bankers told Reuters that using the e-rupee of the Reserve Bank of India (RBI) was much the same as internet-based banking that users were already satisfied with

India to offer slew of incentives to boost shipbuilding industry: Report

The plans include subsidies so that at least 50 new vessels can be built as well as the granting of "infrastructure status" to the industry which would help with financing from banks, said the govt

Oil rises ahead of OPEC+ meeting, easing China Covid curbs lend support

"Oil is finding support on investor optimism that OPEC+ will deliver further cuts in production when they meet," said Ehsan Khoman, analyst at MUFG Bank, in a report

RBI seen raising interest rates by 35 bps in December MPC meet: Poll

The expectations for a more modest rate rise follow a series of 50 basis point hikes by the RBI

Asia's factory activity shrinks in Nov as China lockdown impact widens

The results highlight Asia's darkening economic outlook for 2023, as lockdowns in China disrupt international supply and heighten fears of a further slump in its economy

Rupee seen higher at 81.20 after Fed Chair Powell's dovish tilt; RBI eyed

The Fed Chair did acknowledge, like other policymakers, that the central bank had a long way to go to achieve price stability

NSE, SGX aim to start joint derivatives project by second quarter

The collaboration, launched in July earlier this year, would enable orders from the SGX members to be routed to NSE IFSC for trading

Oil price edges higher on tight supply, China demand recovery optimism

Oil prices nosed ahead in early Asian trade, lifted by signs of tighter supply and by optimism over a Chinese demand recovery

Dollar sinks to 3-mth low vs yen as Powell says Fed considering going slow

The dollar-yen pair is extremely sensitive to changes in long-term US yields

Asian stocks jump after US Fed chair Powell hints at rate hike slowdown

Powell's comments at the Brookings Institution in Washington sent Wall Street equities soaring, while the U.S. dollar and Treasury yields fell

Rate hike slowdown possible in Dec, inflation fight not over: Fed's Powell

The Federal Reserve could scale back the pace of its interest rate hikes "as soon as December," Fed Chair Jerome Powell said

Elon Musk says Apple never considered removing Twitter from App Store

On Monday, Musk had accused Apple of threatening to block Twitter from its app store

Remittances up 5% in 2022, but growth to slow to 2% next year: World Bank

Remittances are a vital source of household income for people in low- and middle-income countries, helping to alleviate poverty and building resilience