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NCDEX raises $88 million from brokers ahead of equity foray, says CEO

The exchange, which dominates agricultural commodity trading in India, received in-principle approval from the markets regulator in July to launch equity and equity derivatives trading

US tariffs: India eyes Russia, Netherlands for pharma exports' growth

India's pharmaceutical industry is currently exempt from U.S. President Donald Trump's tariffs of up to 50% but the sector has been on edge due to the uncertainty surrounding the situation

India to boost LNG import capacity by 27% by 2030, add two new plants

The South Asian nation wants to raise the share of gas in its energy mix to 15 per cent by 2030 from about 6 per cent at present to cut its carbon footprint

India's power output hits fastest growth in 5 months on industrial boost

The sustained growth in renewable energy capacity has aided in lowering India's dependence on coal for power generation this year

Sebi issues new rules for monitoring intraday derivative positions

The new framework, which will take effect from October 1, sets an intraday net position limit of ₹5,000 crore per entity in index options, compared with an end-of-day limit of ₹1,500 crore

SBI to raise up to $1 bn via 5-yr dollar bonds after India's rating upgrade

SBI, the country's largest lender by assets, is eyeing at least $500 million through the issue, and based on the response, could go as high as $1 billion

ArcelorMittal South Africa job cuts likely to rise above 4,000: Report

The company has been reporting losses since 2023 and posted a half-year headline loss of 1.0 billion rand ($56 million) on persistently low sales volumes and low prices

Govt allows production of ethanol from sugarcane juice syrup, molasses

The world's second-biggest sugar producer had restricted production in the current marketing year because of a drop in sugarcane supplies

Tesla's sales rout in some European markets extends to eighth month

Registrations of new Tesla cars in France were down 47.3% in August from August 2024, while the overall car market grew nearly 2.2%, data showed on Monday

Putin says Nato enlargement has to be addressed for Ukraine peace

Speaking at the summit, Putin said the West had tried to bring Ukraine into the West's orbit and then sought to entice the former Soviet republic into the US-led NATO military alliance

GST overhaul may slash levies on shampoos, hybrid cars, TVs, electronics

Consumer electronics like air conditioners and televisions could see rates drop from 28% to 18%, ahead of the Diwali shopping season starting in October

China's Xi pushes a new global order, flanked by leaders of Russia, India

Xi was hosting more than 20 leaders of non-Western countries at a summit in the Chinese port city of Tianjin for the Shanghai Cooperation Organisation

Saudi Aramco, Iraq's SOMO halt crude oil sales to India's Nayara Energy

The halting of supply from the two Gulf exporters means Nayara, majority-owned by Russian entities including oil major Rosneft, relied entirely on Russia for its crude oil imports in August

At $2.4 billion, India's current account back in deficit in June quarter

The current account deficit stood at $2.4 bn, or 0.2% of GDP, in the first quarter of the fiscal year 2025-26, compared with a surplus of $13.5 bn, or 1.3% of GDP, in preceding quarter, data showed

Deutsche Bank puts India retail banking business up for sale, invites bids

The Germany-based bank has pledged to make its retail business more profitable

Mahindra's SUV sales to dealers dip for first time in over 3 years

Despite the drop in August, Mahindra has defied a wider industry slowdown in the world's third-largest car market, backed by strong demand for its newer SUVs and EVs

India's strong GDP growth fails to boost equity markets amid US tariffs

GDP in India grew at 7.8 per cent in April-June quarter in real terms, but nominal growth, which represents output at current market prices, fell to 8.8 per cent from 10.8 per cent in last 3 months

RBI likely to meet bond market this week to discuss H2FY26 borrowing

The meeting will take place on Wednesday and Thursday, and comes at a time when banks are staring at huge treasury losses from the recent spike in bond yields

Asian shares drop on tech pullback as investors await key US jobs data

The dollar and bonds were little moved ahead of a busy week for data which includes surveys of manufacturing and services, and a range of labour numbers culminating in the August payrolls report

Man arrested after ramming car into gates of Russian consulate in Sydney

Police said a 39-year-old man drove into the consulate gates after refusing to speak with officers, injuring a 24-year-old constable before being arrested