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Investors from US, China, India eye $844 million port project in Peru

The port ‌is expected to have a greater draft depth than Chancay, the northern Peru port operated by China's Cosco Shipping Ports since late 2024

RBI tightens rupee derivatives rules, widens 20% cash reserve requirement

The move is the latest in a slew of measures announced by the central bank since Saturday aimed at supporting the rupee, which has been falling due to steep oil prices and capital outflows

What is the Putin-Trump diesel deal, and can it ease US fuel price pain?

Trump has lifted sanctions on Russian diesel exports to lower US prices, but supply limits, tanker sanctions and refinery damage could curb the impact ahead of midterm polls

AI investment keeps global growth around 3%, with major Asia benefits: IMF

IMF chief Kristalina Georgieva said AI infrastructure investment is supporting global growth despite an energy supply shock

Banks seek RBI relief, clarity on India's latest rupee-defence measures

Lenders have approached ‌RBI via a forex industry body, seeking the removal of a mandate that banks make a 20% cash deposit with the RBI for FX derivatives used to hedge current-account exposures

Mutual funds set to extend $4.5 bn bond sellfoff after RBI policy shift

The Reserve Bank of India raised rates for the first time in nearly four ‌years and signalled further increases as inflation rises

Amazon in talks to acquire AI startup Decart for around $7 billion

Decart's Lucy model, ​backed by Nvidia, ​can edit live video in real time, according ​to the company's website

Peak XV, Accel-backed Zetwerk seeks $2.6 billion valuation in India IPO

The $518 million IPO will open for ‌public subscription on October 15 and close on October 19, with the contract electronics manufacturer's shares expected to begin trading on October 23

Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies

Brent crude futures fell $1.54, or 1.47%, to $103.18 a barrel by 0154 GMT ​while US West Texas Intermediate crude was at $90.31 a barrel, down $1.54, or 1.68%

Asian shares cautious as earnings loom, oil prices slip on easing fears

South Korean stocks fell 1.1%, while MSCI's broadest index of Asia-Pacific shares outside Japan was little changed

West Asia war, debt woes top agenda of IMF-World Bank meetings in Bangkok

Finance officials gather amid an energy supply shock, rising rates and mounting debt, as World Bank chief Ajay Banga warns of compounding diesel, fertiliser and El Niño risks

INWIT shareholders explore financing for potential take-private deal

French private equity firm Ardian and investment ‌vehicle Oak Holdings 1, the latter ​backed by co-investors GIP, Vodafone and ​KKR, are exploring a bid to buy out minority shareholders in ​INWIT

Elon Musk vows affordable Starlink in India ahead of record Jio IPO

Cheap data is the playbook ​that built Jio in India, and the one Musk has used in ​markets like Kenya to unsettle local telecom players

China's securities watchdog seeks investor ideas as stock selloff deepens

China Securities Regulatory Commission Chairman Wu Qing met with listed companies and experts from brokerage and fund management to ‌hear suggestions on improving China's capital ​markets

Nvidia in talks to deepen investment in or acquire AI startup Reflection

Talks are at an early stage ‌and deal could ​take several forms, including ​so-called acqui-hire arrangement where Nvidia would hire staff and ​license technology rather than pursue a full acquisition

Hurricane Isaias kills 4 in US, about 670,000 without power after landfall

About 420,000 customers in Florida, 190,000 in Alabama, 43,000 in Georgia and 17,000 in Mississippi had no power as of midday Saturday

US military disables cargo ship attempting to breach Iran blockade

CENTCOM said the cargo vessel had attempted ‌to transit regional waters after leaving an Iranian port

Neither Putin nor Trump wanted to hang up first, says Kremlin aide

The Kremlin said most of the conversation focused on efforts to resolve the war in Ukraine. Putin also downplayed the likelihood of three-way peace talks resuming soon

TCS withholds quarterly bonuses for senior staff after missing targets

Employees in C3A grade and above will receive no quarterly variable allowance this quarter, while junior-level staff will get 100 per cent of their eligible pay, an internal memo said

Nvidia-backed Firmus scraps $5 bn Australia IPO amid growing AI scrutiny

Nvidia-backed Firmus has scrapped its planned $5 billion Australian IPO amid investor concerns over its valuation, debt burden and ambitious AI data centre expansion plans.