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BP boosts dividend after Q2 profit hits 14-year high of $8.45 bn

BP boosts dividend by 10%; BP to boost spending on oil and gas, CEO says; profits driven by strong oil trading, hit by LNG

Al Qaeda leader Zawahiri killed in US strike in Afghanistan, says Biden

The United States killed al Qaeda leader Ayman al-Zawahiri in a strike in Afghanistan over the weekend, President Joe Biden said

Uber likely to sell stake in Zomato in mega block deal tomorrow: Report

The offer size of $373 million was based on the lower end of a Rs 48-Rs 54 price range set for the block deal, shows a document

Semiconductor stocks under pressure as China-Taiwan tensions mount

China views the visit by Pelosi, second in the line of succession to the U.S. presidency and a long-time critic of China, as sending an encouraging signal to the pro-independence camp in Taiwan

Uber turns cash flow positive for the first time in Q2, shares surge

Uber generated free cash flow of $382 mn in second quarter, topping analysts' expectations of $263.2 mn, as trips exceeded pre-pandemic levels, boosted by reopening of offices, travel demand surge

Govt eases coal import targets as inventories improve in some states

Power ministry has asked PSU utilities and private power producers to assess the amount of coal needed to be imported for blending, according to a notice issued

Toyota unit falsified emissions data from at least 2003, probe finds

The investigative committee tasked by truck and bus maker Hino Motors Ltd blamed the scandal on an environment where engineers did not feel able to challenge superiors

Oil prices slip as global demand concerns weigh, OPEC+ meeting eyed

Surveys showed on Monday that factories across the United States, Europe and Asia struggled for momentum in July as flagging global demand and China's strict COVID-19 restrictions slowed production.

Gold steadies as lower US treasury yields counter uptick in dollar

Spot gold was flat around $1,771.29 per ounce by 0843 GMT, after hitting its highest since July 5 at $1,780.39 earlier in the session.

GAIL starts to ration gas as former Gazprom unit cuts supplies: Report

GAIL (India) Ltd has started gas rationing, cutting supplies to fertiliser and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom

Oil prices fall as weak factory data fuels global demand concerns

Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn

Saudi to push OPEC+ to increase oil production at upcoming meeting: Report

Saudi King Salman bin Abdulaziz assured US President Joe Biden of the production increase when they met on July 16

Asian stocks slide with oil on recession jitters; dollar drops against yen

Asia stocks continued a decline from Wall Street, and US long-term Treasury yields sank to a four-month low, pulling dollar down against the yen

RBI to raise rates in August but no consensus on size of hike: Report

The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but there was no consensus on the size of the move

Yen recovery continues on lower US yields; markets on edge over Pelosi

The dollar continued its decline, falling to its lowest in 2 months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace.

Oil prices slip as weak manufacturing data stokes recession fears

Brent crude futures fell 29 cents to $99.74 a barrel by 0002 GMT, with WTI crude futures down 22 cents at $93.67 a barrel

Pelosi to visit Taiwan on Tuesday, says local media, despite China warnings

Beijing issues firm warning against a Pelosi visit to Taiwan; Pelosi would be first US House Speaker to visit Taiwan since 1997; Pelosi's Asia trip includes Singapore, Malaysia, South Korea, Japan

GAIL rationing gas as former Gazprom unit cuts supplies: Report

An industrial consumer said GAIL has restricted its gas quantities to a 'take or pay level', the lowest level at which it will not attract a penalty from the customer

Wall Street struggles to gain as earnings-driven rally peters out

US manufacturing sector slows modestly; PerkinElmer rises on $2.45-bn divestment

Zomato plans new management structure, with multiple CEOs: Internal memo

CEO Deepinder Goyal also said in the memo that 'Eternal', the proposed name for the parent organisation, would remain an 'internal name for now'