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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

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

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

Twitter to enable organisations to identify their associated accounts: Musk

"Rolling out soon," Musk in a tweet on Sunday said. "Twitter will enable organizations to identify which other Twitter accounts are actually associated with them."

Crypto exchange FTX's collapse being scrutinised by Bahamas authorities

FTX filed for bankruptcy on Friday, one of the highest profile crypto blowups, after traders rushed to withdraw $6 billion from the platform in just 72 hours

Asian share markets pause as US Fed Reserve warns against exuberance

A modest miss on U.S. inflation was enough to see two-year Treasury yields dive 33 basis points for the week and the dollar lose almost 4%

India's wheat planting gathers momentum, acreage rises nearly 10%

Late rains in October and November raised soil moisture levels and helped farmers bring in more area under wheat, the main winter crop, growers said.

At COP27 climate talks, slow progress stokes worry over final deal

With a long list of demands for COP27, country delegates said there had been little progress so far on the technical details of how to deliver on deals and pledges made in previous years