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Antipodean currencies advance ahead of rate decisions, dollar edges lower

The Australian and New Zealand dollars gained ground ahead of expected rate hikes from their respective central banks later in the week, while the dollar slipped against a basket of currencies

India slashes base import prices of crude and refined palm oil, gold

India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market

Will protect business interests after freezing of assets in India: Xiaomi

Chinese smartphone maker Xiaomi Corp on Sunday said it was "disappointed" with an Indian order that froze $682 million of its assets and would continue to protect its interests

Oil jumps more than 3% in Asian trade as OPEC+ mulls cuts up to 1 mn bpd

Oil prices jumped more than 3% in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market

Reliance Jio to launch 4G enabled low-cost laptop at Rs 15,000: Report

Mukesh Ambani-led RIL has partnered with global giants Qualcomm and Microsoft for the JioBook, say sources

Tesla's EV deliveries miss estimates in Q3, slowed by logistic snarls

Tesla delivered 343,830 electric vehicles, while analysts on average had expected 359,162, according to Refinitiv. A year earlier Tesla delivered 241,300 units

Lula leads polls as Brazil votes in tense presidential contest

Most polls have shown Lula with a solid lead for months, but Bolsonaro has signaled he may refuse to accept defeat, stoking fears of institutional crisis or post-election violence

India slashes base import prices of crude, refined palm oil and gold

India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market.

High inflation keeps Wall Street, global stocks muted to end brutal quarter

Wall Street and global stocks made up little ground on Friday, with government bond yields and the dollar holding near recent peaks, as higher-than-expected inflation continued to weigh on markets.

Markets regulator to restart review of $440 mn Digit Insurance IPO: Report

SEBI has agreed with Digit's reasoning and decided to remove the IPO's "abeyance" status from Monday and restart the review process, the two sources said

European Union approves energy windfall profit levies, says report

Ministers from the 27 EU member states approved levies on energy firms' windfall profits to try contain an energy price surge aggravated by Russia's war against Ukraine.

Wall Street keeps stocks down as US dollar rises on higher inflation

The declines Friday cap a week of global market turmoil in which recession fears already sapped stocks and currency markets were rocked by dollar strength

Comprehensive trade deal with EU could make India an export hub: Mercedes

In June, the EU and India relaunched talks for a free trade agreement with the aim of completing them by the end of 2023

Amazon India rolls out live-stream shopping to drive festive season sales

Live-stream shopping events are hugely popular in China, with those on Alibaba Group Holding's Taobao and Bytedance's Douyin driving millions of dollars in sales

Oil set for weekly gain as dollar weakens, OPEC+ considers output cut

Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07%, to $89.44 a barrel by 0948 GMT. The more active December contract was up 81 cents at $87.99

Japan's Daikin to begin assembling ACs in Nigeria in renewed push

Japan's Daikin Industries Ltd will begin assembling air conditioners in Nigeria as it renews a push into Africa that had been delayed by the COVID-19 pandemic, a regional head said on Thursday.

Gold heads for biggest quarterly drop since early 2021 on Fed rate hikes

Gold prices were set on Friday for their biggest quarterly fall since early 2021, as aggressive interest rate hikes by the US Federal Reserve and commitment to deliver more

India's current account deficit widens in April-June quarter: RBI

In absolute terms, the current account deficit (CAD) stood at $23.90 billion in the first quarter of fiscal year 2022/23, its highest since the December quarter of 2012

Asian shares see worst month since pandemic's onset on recession concerns

The Asian index was set to record a staggering 12.5% drop for the month, the largest since March 2020 when the Covid-19 pandemic threw financial markets into chaos

India falls short on FTSE Russell EM government bond index inclusion

Global index provider FTSE Russell said India will remain on the watch list for inclusion in the FTSE Emerging Markets Government Bond Index, dashing market hopes of its entrance into the index