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Gold price rises as Fed's Powell allays fears over large rate hikes

Spot gold was up 0.6% at $1,743.49 per ounce, as of 0711 GMT, its highest since July 13.

Global shares take breather after Fed rally, dollar retreats on yen

The U.S. Federal Reserve had surprised no one by lifting rates 75 basis points (bps) to 2.25%-2.50% on Wednesday, but did alter its statement to cite some softening in recent data.

Reliance joins Indian Olympic Association as its principal partner

India's most valuable company, Reliance, said it would support the country's athletes in major multi-sport events as part of a long-term partnership with the Indian Olympic Association (IOA)

Volkswagen keeps outlook, warns of Ukraine war, energy shortage in Europe

Volkswagen confirmed its outlook for the year on Thursday as supply chain bottlenecks in items from wire harnesses to chips eased, but warned of the Ukraine war and threats to European energy supply.

As credit demand grows, banks may soon be scrambling for deposits

Loan growth in India is at a 3-year high and seen inching up further as economic activity gains traction but a much slower growth in deposits could send banks scurrying for funds

Oil extends gains by over $1 as risk appetite improves, US inventories fall

Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline demand

Bajaj Finance sees best day in over 1.5 years as profit more than doubles

Shares of Bajaj Finance jumped as much as 9 per cent on Thursday, their biggest intraday gain since November 2020

Oil prices edge up on low inventories, high gasoline demand in U.S

Oil gained more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors.

Dollar hits three-week low to yen as Fed's Powell less hawkish than feared

The dollar dropped to a three-week low versus the yen on Thursday after Federal Reserve Chair Jerome Powell assuaged investors' worries about continued aggressive monetary tightening

Sharp fall in purchases pulls global gold demand down by 8% in Q2

A sharp fall in purchases by investors pulled global gold demand down 8% in the second quarter compared to the same period in 2021, the World Gold Council said on Thursday.

Equinor returns another $3 bn to owners as Q2 profit beats forecast

The company boosted gas supplies to Europe by 18% in the April-June period compared to a year ago

Wall St rises on Microsoft, Alphabet earnings as Fed decision looms

Microsoft, Alphabet results spark rally in megacap stocks; T-Mobile up after raising subscriber growth forecast; Boeing rises on keeping cash flow goal

ICMR invites vaccine makers to make monkeypox shots

Monkeypox, endemic in parts of Africa, is a viral disease that causes flu-like symptoms and skin lesions

Oil rises on US inventory drop, Russian gas cuts as Fed decision looms

By Alex Lawler

WHO confirms two more Marburg virus cases in Ghana, says official

The outbreak is only the second in West Africa. The first ever case of the virus in the region was detected last year in Guinea

WHO says more than 18,000 cases of monkeypox globally, most in Europe

So far, 98% of cases outside the countries in Africa where the virus is endemic have been reported in men who have sex with men, the WHO said

Spotify's quarterly revenue, user growth beats expectations in Q2

Premium subscribers, which account for most of the company's revenue, rose to 188 million, beating analysts' expectations of 187 million

Global growth headed down as inflation surge to endure, says poll

By Hari Kishan

Gold prices tick up on softer dollar, US Fed policy view in focus

By Arundhati Sarkar

Zomato shares up nearly 7% as analysts project bigger order volumes

Analysts at Jefferies said the stock makes a great case for long term investors to buy, while JPMorgan said the company could also see a decrease in cash burn rates