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India open to additional $2-bn aid for Sri Lanka with eye on China: Report

Sri Lanka, hit by its worst economic crisis since independence and on the brink of its first debt default, has been asking friendly nations including India and China for credit lines, food and energy

Govt's mandatory airbag proposal to hurt car sales: Maruti Suzuki chairman

India's road transport ministry is firm on its plan and is pushing automakers to agree to the rules, two sources told Reuters

US dollar climbs to near 20-year peak vs yen as more Fed hikes loom

Against a basket of six major currencies, the dollar climbed to 100.52, the highest since May 2020, but was last little changed at 100.29

Wall St ticks higher as recovery in growth stocks offsets mixed earnings

Delta Air Lines jumps on profit forecast; BlackRock up after profit beats estimates, JPMorgan down after profit falls 42%

India allows state utilities to sell 25% allocated coal to other producers

India is likely to face more power cuts this year as utilities' coal inventories are at the lowest pre-summer levels in at least nine years

World Bank cuts India's FY23 GDP growth forecast to 8% from 8.7%

In India, household consumption will be constrained by the incomplete recovery of the labour market from the pandemic and inflationary pressures, the bank said

US mortgage interest rates top 5%, buyers look to lock in rates

Investors see the Fed bringing its federal funds rate to 2.5%-2.75% by the end of 2022, up from the current target range of between 0.25% and 0.5%

Nexo and Mastercard launch 'world first' crypto-backed payment card

It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream

Russia says over 1,000 Ukrainian marines surrender in Mariupol

Mariupol, which has been encircled by Russian troops for weeks, has seen the fiercest fighting and the most comprehensive destruction since Russia invaded on Feb. 24

JPMorgan's Q1 profit falls 42% on slowdown in deals, trading

The largest US lender, whose fortunes are often seen as a barometer of the health of the economy, posted a profit of $8.28 bn, or $2.63 per share, in the quarter ended March 31

Crypto firm MoonPay raises $87 mn from Bieber, Sharapova, others

The investments are part of the firm's Series A round, disclosed in November last year, which valued the company at $3.4 billion, MoonPay said

Global gold prices inch higher as Ukraine conflict lifts safe-haven bids

Spot gold was up 0.2% at $1,970.21 per ounce, as of 0748 GMT, after hitting a near one-month peak of $1,978.21 on Tuesday

Global shares pause on inflation view; oil steady on Ukraine talks

In currency markets, Putin's remarks were a major driver with the euro up 0.1% against the dollar but just above a five-week low

Oil prices edge higher amid worries over falling supplies

The International Energy Agency (IEA) on Tuesday said it expected Russian oil output losses to average 1.5 million bpd in April, with losses growing to close to 3 million bpd from May

Investors snap up dollar on hawkish Fed views; yen slumps past 126

The yen led losers against the dollar with the Japanese unit weakening 0.8% to cross the 126 yen to the dollar level for the first time since May 2002.

Indian crypto exchanges block deposits via state-backed system, stir alarm

The decision by CoinSwitch to halt UPI acceptance resulted from "regulatory uncertainty" after the NPCI statement.

Indian Oil Corp buys 4 million bbls of crude via tenders: Report

Indian Oil Corp, the country's top refiner, has purchased a total of 4 million barrels of crude via tenders for May and June loading, traders said on Wednesday.

USDA attache sees record-large India wheat harvest, exports in 2022-23

Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service (FAS) post in New Delhi:

India to face more power cuts due to coal shortage, soaring demand

India is likely to face more power cuts this year as utilities' coal inventories are at the lowest pre-summer levels in at least nine years

Former chiefs of CARE Ratings found not guilty after misconduct inquiry

An independent inquiry has found former top executives of India's CARE Ratings Ltd not guilty of potential misconduct, the company said in a regulatory filing on Tuesday.