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Took steps to ensure biz continuity: RIL defends takeover of Future stores

Future Retail had earlier written to RIL over the takeover of its stores, according to three people in the know

Wall Street set for worst quarter since pandemic crash of 2020

The S&P energy index was set to record its best quarter ever as oil prices jumped to multi-year highs on concerns over tighter supplies due to the war and Western sanctions on Russia

Gold set for best quarter in nearly 2 yrs on Ukraine war, inflation woes

Spot gold was up 0.4% at $1,941.11 per ounce by 10:45 a.m. ET. For the month, bullion was up nearly 1.8%

Most Russian forces have left Chernobyl: Ukraine's state nuclear company

Ukraine has repeatedly expressed safety concerns about Chernobyl and demanded the withdrawal of Russian troops, whose presence prevented the rotation of the plant's personnel for a time

European stocks set for biggest quarterly drop since 2020

The MSCI World Equity index was down 0.3% on the day, while Europe's STOXX 600 eased 0.2% to sit just below a one-month high hit on Tuesday

Global fund managers turned more defensive in March: Poll

The March 21-31 survey captured this defensive strategy many fund managers adopted after the Russia-Ukraine war broke out

Toshiba's top shareholder would sell stake if Bain launches tender offer

The agreement with Singapore-based Effissimo, which owns about 9.9% of Toshiba, could potentially force Toshiba to revive talks for a private equity buyout

US does not want 'rapid acceleration' in Indian energy imports from Russia

India has bought at least 13 million barrels of Russian crude oil since the country invaded Ukraine in late February

Sri Lanka to turn off street lights in deepening economic crisis

The island of 22 mn people is struggling with rolling blackouts for up to 13 hours a day because the govt does not have enough foreign exchange for fuel imports

India's Oct-Dec current account deficit widens to 2.7% of GDP

In the preceding quarter, the shortfall stood at $9.9 billion or 1.3% of GDP, RBI data showed

Gold prices head for best quarter in six on Russia-Ukraine war

Bullion has gained about 5.2% this quarter as a Russia's invasion of Ukraine in late February drove gold to a near record high earlier this month

GFG Alliance appoints Tata Steel executive as chief investment officer

GFG Alliance, owned by commodities tycoon Sanjeev Gupta, has appointed Sandip Biswas, a former executive with Tata Steel, as chief investment officer

Shanghai residents rush to stock up as second stage of Covid lockdown looms

Many residents have vented frustration on social media with videos and images of crowded quarantine centres, while seeking help with medical treatment and buying food

Oil prices dive as US considers record reserve release of 180 mn barrels

Brent crude futures for May fell $4.87, or 4.3%, to $108.58 a barrel by 0855 GMT

India's March electricity shortage is the worst since coal crisis in Oct

The energy hungry nation has seen a surge in power demand in recent days, forcing India to cut coal supplies to the non-power sector

Sri Lanka to turn off street lights as minister says power cuts to extend

Sri Lanka is turning off its street lights to save electricity, a minister said on Thursday, as its worst economic crisis in decades brought more power cuts and gloom to its main stock market

European stock markets set for biggest quarterly drop since 2020

Asian shares fell and oil prices plunged following news that the United States was considering releasing up to 180 million barrels from its strategic petroleum reserve

Ukraine expects Russian assault in east after troops pushed back near Kyiv

Ukrainian forces are preparing for new Russian attacks in the southeast region where Moscow's guns are now trained after its assault on the capital Kyiv was repelled, President Zelenskyy said

Reliance Group in letter defends its takeover of Future Retail stores

Reliance, has privately defended an abrupt takeover of the stores of debt-laden rival Future Retail, saying mounting dues of $634 million compelled it to act beyond expectations, a letter shows

India electricity shortage in March worst since October coal crisis: Data

India's electricity shortage of 574 million units from March 1 to March 30 is the worst since October 2021, a Reuters analysis of government data showed.