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Centre steps up audit of EV firms taking subsidies after complaints: Report

The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received, CNBC TV 18 reported on Wednesday, citing sources.

Kerala police bans rally to support Adani port, protesters refuse to budge

Members of the Hindu United Front have vowed to walk to the port in Vizhinjam, on the southern tip of India, to pledge their support for a project they say will create jobs in the region

Citi expects growth to slow below 2% in 2023 amid challenges from Covid

Citigroup on Wednesday forecast global growth to slow to below 2% next year, echoing similar projections by major financial institutions such as Goldman Sachs, Barclays, and J.P. Morgan

Global stocks to grind higher, lacklustre year ahead likely: Reuters poll

The global economy needs to find a more solid footing before most stock markets break out of their torpor, according to market strategists polled by Reuters

Oil up as US crude stocks seen falling, OPEC+ concerns limit gains

Brent crude futures firmed 95 cents or 1.14% to $83.98 per barrel by 0411 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 80 cents or 1.02% to $79.00 per barrel

Asia stocks choppy as investors cautious after disappointing China data

China's factory activity deepened this month, an official survey showed on Wednesday, weighed down by softening global demand and COVID-19 restrictions

Covid protests escalate in Guangzhou as China lockdown anger boils

China's foreign ministry has said rights and freedoms must be exercised within the framework of the law

Apple supply chain data shows receding exposure to China as risks mount

A Reuters analysis of Apple's supply chain data shows China's prominence in the company's global manufacturing is declining

India's annual GDP growth to slow in Sept quarter as Covid effect fades

India is expected to post annual growth of 6.2% in the three months to September 31, according to a Reuters poll

Radhika, Prannoy Roy resign from NDTV promoter firm RRPR Holding's board

NDTV had previously said the takeover move "was executed without any input from, conversation with, or consent of the NDTV founders"

HSBC to sell Canada business to RBC for $10 billion, says report

The sale comes as HSBC pursues a strategy of focusing its resources on its core markets, amid pressure from its biggest shareholder Ping An to improve its performance

Germany to get new Qatari LNG flows via QatarEnergy, ConocoPhillips deal

Qatar's energy minister Saad al-Kaabi sees no limit to the amount of liquefied natural gas (LNG) that the country is willing to ship to Germany

India asked by sanctions-hit Russia for parts for key sectors: Report

Moscow has sent India a list of more than 500 products for potential delivery including parts for cars, aircraft, and trains

India eyes bumper wheat harvest in 2023 as record price lead to more sowing

The surge in wheat prices is despite the ban on exports of the grain, indicating a far bigger drop in this year's output

Alibaba to sell Zomato shares worth $200 million via block deal: Report

Alibaba Group Holding Ltd plans to sell a stake of about 3% in Indian food delivery firm Zomato Ltd worth $200 million through a block deal

India's EaseMyTrip to step up acquisitions, sees strong Q3, says Co-founder

"We are looking to acquire profitable, asset-light and tech-driven businesses in travel," Prashant Pitti, co-founder of EaseMyTrip, said in an interview on Reuters' Trading India chatroom

India panel to favour linking local gas prices to crude basket: Report

In September India set up a panel headed by energy expert Kirit Parikh to review the India's gas pricing formula to ensure fair prices to consumers

India's finished steel imports from Russia hit 4-year high in April-October

India's finished steel imports from Russia during April-October rose to their highest in at least four years, government data showed

S&P Global Ratings lowers 2023 growth forecast for emerging markets

S&P Global Ratings lowered its 2023 growth forecast for emerging economies, citing persistent pressures from the Russia-Ukraine conflict, a lingering pandemic, and tight monetary policy conditions

Global shipping growth at risk from economic gloom, says UNCTAD

The world's largest investment banks expect global economic growth to slow further in 2023 following a year roiled by Russia's invasion of Ukraine and soaring inflation