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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

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%

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.

SpiceJet surges on report of potential stake sale by promoter

SpiceJet shares, which have fallen nearly 24% so far this year, posted a record intra-day jump in early trade on Wednesday

Wall Street rises on tech, earnings boost as recession fears ease

US service sector unexpectedly picks up in July; PayPal rises after bumping annual profit outlook; Apple gains 3.5%, Microsoft adds 2.7%; Moderna jumps on $3 bn share buyback plan

Robinhood shares jump 13% after job cuts, smaller-than-feared loss

Analysts welcomed Robinhood's bid to get its expenses under control, suggesting the move could be positive for the company's flailing stock

US plans curbs on export of semiconductor equipment to China producers

The curbs would stop chipmakers like South Korean giants Samsung Electronics and SK Hynix from shipping new technology tools to factories they operate in China

India expects $8-$9 bn bilateral trade with Russia, Sri Lanka in two months

RBI last month allowed importers and exporters to pay in the partially convertible rupee, a move widely seen as making trade with Russia and South Asian neighbours easier instead of relying on dollars

48 vs 43: Race to 10 Downing Street now closer than thought, poll says

Liz Truss is backed by 48% of Conservatives compared with former FM Sunak's 43%, according to a new poll; voting delayed after hacking alert

Taiwan scrambles jets as 22 Chinese warplanes cross its air defence zone

The latest Chinese mission included 16 Chinese Su-30 fighters and 11 other jets, Taiwan's defence ministry said