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Over 20,000 new hires leave Apple supplier Foxconn's China plant: Report

The worker departures come after the Taiwanese firm offered 10,000 yuan ($1,396) to employees who wanted to resign and leave the chaos-hit plant

States seek greater fiscal space, budgetary autonomy from finance ministry

The federal government fixes the permissible budget gap. It was set at 3.5% of GSDP for 2022-23, with some extra room given to states who meet certain conditions

Toyota launches second hybrid vehicle in India amid green car push

Green investors have criticised the world's largest carmaker by sales for slowness in moving its product line-up to all-electric, battery electric vehicles

Adani to raise $2.45 billion in India's biggest follow-on share sale

The share offering would increase the company's public float from the current 27.4% level. Rival Reliance Industries' public float stands at around 49%

India's wheat planting area up nearly 11% y/y on record prices

Farmers have also increased acreage under rapeseed, the key winter-sown oilseed, to 7.1 million hectares as of Nov. 25

China frees up $70 bn for banks to underpin economy hit by Covid lockdowns

The central bank hopes to spur more lending into the economy but analysts are sceptical it could achieve quick results, as new COVID outbreaks throw factories and households into lockdown

India forms panel to revamp only govt job guarantee scheme: Report

'Residents of relatively affluent states, however, may have fared better in securing work under the key anti-poverty job program, triggering calls for changes to the scheme'

Dollar set for weekly loss amid expectations of US Fed slow hikes

The dollar was struggling to make headway after thin trading on Thursday due to the U.S. Thanksgiving holiday

Tesla recalling more than 80,000 cars, says Chinese market regulator

U.S.-based electric car maker has recalled 67,698 Model S and Model X cars imported to China between Sept. 25, 2013 and Nov. 21, 2020, due to software problems affecting the battery management system

US yields sink amid dovish Fed signals; HK stocks slip on Covid concerns

The 10-year Treasury yield dipped to 3.659%, the lowest since Oct. 5 in Tokyo trading, after Thursday's US Thanksgiving holiday; the two-year yield slipped to a one-week bottom at 4.44%

Gold edges toward weekly gain on hopes of dovish Fed rate hike strategy

Spot gold gained 0.2% to $1,758.41 per ounce by 0223 GMT, and was up 0.5% so far this week. U.S. gold futures rose 0.7% to $1,758.30

China's daily Covid-19 cases hit record high at 32,695; curbs tightened

China on Friday reported another record high of daily Covid-19 infections, as cities across the country enforce measures and curbs to control outbreaks

Dollar headed for weekly loss as investors brace for slower Fed hikes

The dollar stood close to a three-month low and was on track for a weekly loss on Friday, as the prospect of the Federal Reserve slowing monetary policy tightening

Oil inches up in early trade amid wrangling over Russian oil price cap

Brent crude futures inched up 13 cents, or 0.2%, to trade at $85.47 a barrel at 0121 GMT

India seeks to use global energy challenge as opportunity: Hardeep Puri

G7 nations, including the United States, as well as the European Union and Australia, are planning to implement a likely price cap of $65 to $70 a barrel on sea-borne Russian oil exports from Dec 5

Apple supplier Foxconn apologises, offers new hires $1,400 to quit

'We apologize for an input error in the computer system and guarantee that the actual pay is the same as agreed and in the official recruitment posters'

Singapore's gig workers to get work injury and pension coverage

The new rules will affect about 73,000 workers who deliver food or drive passengers for companies such as Grab , Gojek, Deliveroo and Delivery Hero's Foodpanda

LIC hopes to mirror last year's $4.9 bn profit from equity sales: Chairman

LIC is aiming to increase its share of premium or participating policies to 15% in two years from about 9% presently, Kumar said

SBI to consider raising $1.2 billion through infrastructure bonds

The fundraising, if approved, would be through a public issue or private placement during fiscal 2023, the bank added

Dubai-based Coral Energy turns focus to Asia, halts trade in Russian crude

he trading house emerged as one of the key suppliers of Russian crudes to Asia after some western entities shunned purchase of Russian oil