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India's services growth at three-month high in Dec on buoyant demand: PMI

The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, rose sharply in December to 59.0 from November's one-year low of 56.9

India likely to project higher GDP growth estimates of 7% for FY24: Report

S&P expects India, currently the world's fifth-largest economy, to grow at 6.4% this fiscal and estimates growth will pick up to 7% by fiscal 2027

Japan to accept earthquake relief from US only, refuses help from others

Japanese Prime Minister Fumio Kishida said there were offers for help and messages of condolence from governments including Taiwan and China

Muslims in tech world fear retaliation in speaking up: Sam Altman

The Microsoft-backed ChatGPT maker's high-profile boss urged the tech industry to treat members of those communities with empathy

Govt to halve oil refiners' FY24 energy transition equity support: Report

State-run Bharat Petroleum Corp and Hindustan Petroleum Corp aim to end net carbon emissions from their operations by 2040, and Indian Oil Corp has set a target for 2046

Weekly US jobless claims at 2-month low; labour market gradually easing

The government reported on Wednesday that job openings fell to near a three-year low in November. Labor market strength is expected to again shield the economy from recession this year

Israel focuses assault on southern Gaza amid concern over wider war

U.S. Secretary of State Antony Blinken was heading for the Middle East, including a stop in Israel, to continue "diplomatic consultations", a U.S. official said

Iran vows revenge after biggest attack since 1979 revolution: Report

Iran's powerful Guards described Wednesday's attack as a cowardly act 'aimed at creating insecurity and seeking revenge against the nation's deep love and devotion to the Islamic Republic'

Reliance, Disney start antitrust diligence on India media merger: Report

Reliance has appointed Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has roped in AZB & Partners, the people said

Gujarat holding talks with Japan, US firms as PM Modi eyes chipmaking hub

India's chipmaking ambitions, first laid out in 2021, have suffered setbacks and the country does not yet have any semiconductor manufacturing plants

Adani Ports to tap bond market for first time in more than two years

Both of Adani Ports's bonds have an issue size of 2.5 billion rupees. The company will offer a coupon of 8.70% on the bonds maturing in five years and an 8.80% coupon on the bonds maturing in 10 years

Record monthly FPI buying in December drives Nifty 50 to record highs

FPIs bought shares worth 427.33 billion rupees in the first half of December, marking a fortnightly record, driven by lower U.S. bond yields amid expectations of interest rate cuts by Federal Reserve

Carrefour says it will not sell PepsiCo products due to price hikes

Carrefour is telling customers it will no longer sell PepsiCo products like Pepsi, Lay's crisps and 7up because they had become too costly

China expects int'l flights reaching 80% of pre-Covid levels by 2024 end

It added that for the year ahead it would continue to promote a "significant" increase in direct flights between China and the United States from 63 flights presently

Gujarat in talks with chipmakers in Japan, US, South Korea: Bhupendra Patel

The state government will focus on renewable energy, green hydrogen and green ammonia, among other investment sectors, during the summit, he added

India may surpass FY24 target for state-run firms' dividends by Rs 12K-cr

So far this fiscal, India has received Rs 43,800 crore in dividends from state-owned firms, according government data.

Govt plans state-backed consortium for coking coal imports: Report

Indian steel companies consume around 70 million metric tons of coking coal annually, and imports constitute around 85% of the country's total requirement

Emerging markets brace for wave of elections, fiscal discipline at stake

For investors, elections divide into three categories: Those where the outcome is rather obvious, such as Russia or Venezuela; those where it seems clear but ballot is contested, for example India..

In threatening shift, North Korea moves to redefine relations with South

Since the 1950-53 Korean War ended in a stalemate, both nations have had policies that treat each other differently than other countries

SBI likely to issue perpetual bonds to wrap up FY borrowing: Report

Merchant bankers said the lender may have to pay a higher coupon as they are looking to raise a larger quantum this time