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Oil prices extend losses on inflation, demand worries; hits 5-month low

Oil prices extended losses, after hitting their lowest since before Russia's February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation

Rupee tipped to open higher as oil slips to 5-month low; RBI policy eyed

The Indian rupee is expected to strengthen against the U.S. dollar at open on Friday as oil prices extended their recent slide to slip to their lowest since February

Russia becomes India's third-largest coal supplier in July, shows data

India's imports from Russia have jumped nearly five times to over $15 billion ever since Russia invaded Ukraine

SpiceJet flights to be reinstated gradually if...: DGCA chief explains how

Arun Kumar said SpiceJet will be permitted to reinstate its capacity but in a gradual manner and once it demonstrates it has fixed the manpower and spare part shortages

US expectations 'in check' as N-talks to resume with Iran in Vienna

The ball is in Washington's court to save the pact, Iran's chief negotiator Ali Bagheri Kani tweeted

Brent crude hits pre-Ukraine invasion lows on account of recession fears

Brent hit a low of $93.50, the lowest since Feb. 21 while US crude touched its lowest since Feb. 3 at $87.97

DLF mulls auction bid for New Delhi mall with base price of $366 mn: Report

DLF will review data related to the mall's occupancy status and contractual obligations and then consider whether to bid for it or not, one of the sources with direct knowledge said on Thursday

BoE raises rates by most since 1995 even as long recession looms

The BoE's Monetary Policy Committee voted 8-1 for a half percentage point rise in Bank Rate to 1.75% - its highest level since late 2008 - from 1.25%

Rise in cash in circulation for April-July stands at Rs 50,800 cr: RBI data

The currency in circulation had jumped by over Rs 4 trillion in 2020-21, while the increase tapered to Rs 2.80 trillion in the last financial year

Axis Bank to wind up UK subsidiary after deal with OpenPayd fails

At the end of June, the bank had an overseas loan book of Rs 38,928 cr, a contraction from Rs 45,750 cr in March quarter

Taiwan says 22 Chinese fighter jets cross median line after Pelosi visit

Furious China fires missiles near Taiwan in drills after Pelosi visit; Japan says five missiles land in its economic zone; exercises around Taiwan scheduled to run through Sunday

Oil prices stabilise after drop to near 6-month low based on supply fears

By Rowena Edwards

Gold gains more than 1% as US dollar, yields pull back; palladium gains 3%

By Arundhati Sarkar

Alibaba revenue beats in June qtr despite flat growth due to Covid lockdown

Alibaba Group Holding Ltd, on Thursday beat market expectations for revenue in the quarter ending late June, even though growth was flat for the first time ever due to the impact of COVID-19 lockdown.

Glencore shareholders get $4.5-bn windfall as coal prices soar

Company to pay out $3 bn in share buyback, also promises $1.45-bn special dividend; adjusted EBITDA more than doubles to $18.92 bn

Oil prices edge up on supply concerns after drop to near 6-month low

By Laura Sanicola and Emily Chow

India's 10-year bond yield drops on report of rate pause by RBI tomorrow

Indian government bond yields dropped on Thursday, with the 10-year benchmark yield down 9 bps after a report said the RBI might be guided by data after Friday's decision.

Yes Bank charts growth roadmap after raising $1 bn from two PE investors

The fundraising marked a rare vote of confidence in Yes Bank, which had to be taken over by the Reserve Bank of India in March 2020 after months of deterioration in its financials and allegations of m

Asian stocks shuffle higher as Pelosi presses on amid tension with China

Hong Kong tech shares led the attempted rebound with a gain of 2.8%, reeling in some of the losses suffered as Sino-US frictions flared over a visit to Taipei this week by Nancy Pelosi

Oil prices rise after dropping to lowest in months on weak US demand

Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data signalling weak U.S. fuel demand.