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US prisoners fly out of Iran in swap deal after $6 billion unfrozen: Report

The funds' release triggered an exchange sequence agreed after months of talks between the United States and Iran, who are at odds over Tehran's nuclear ambitions and other issues

Microsoft's chief product exec behind Surface devices to step down

Amazon is set to hire Microsoft's departing product chief Panos Panay, Bloomberg News reported

Drugmaker Biocon appoints Peter Bains as group CEO effective immediately

Bains, who was named as an independent director of the Biocon board in December last year, stepped down on Monday to assume the top charge, the company said in a statement

Verizon executive testifies Google search always pre-installed on phones

Brian Higgins, a 28-year Verizon veteran who was on a team from 2017 to 2023 that struck deals with Google to pick software to preload onto the carrier's phones, testified in a federal court

E-scooter maker Ather readies new models, exports after subsidy cuts

India's electric scooter market is small but growing, with e-models accounting for 5% of total scooter and motorcycle sales in the last fiscal year against a government target of 70% by 2030

Rising ownership costs to hurt commercial vehicle volume growth: Fitch

The ratings agency said increasing regulatory requirements, elevated inflation and high interest rates have pushed up the ownership costs, thereby weighing on purchase decisions

Tata Motors to raise CV prices by up to 3%, third price hike in 2023

The company previously raised prices by 1.2% in January and by 5% in March to ensure its vehicles comply with the new emission norms

Net direct tax collection rises 23.5% to Rs 8.65 trn in April-Sept

The tax collection includes corporate tax of 4.16 trillion rupees and personal income tax of 4.47 trillion rupees, said the statement from Ministry of Finance

Dollar near six-month high before key central bank interest rate decisions

The euro was up 0.1% against the dollar at $1.0667. the yen was up a similar amount at 147.69 to the dollar, with traders out for a Japanese public holiday

Stabilising core inflation shows easing price pressures in economy: RBI

Vegetable prices eased in August and brought down retail inflation to 6.8%. This is likely to continue in September, the Reserve Bank of India said in its monthly bulletin

Rupee falls to record closing low as rising oil pushes up dollar demand

Possible dollar sales from the RBI helped the local unit stay above lifetime lows. The rupee had fallen to a record low of 83.29 in October last year

RBI bought net $3.47 billion in spot foreign exchange market in July

The RBI said it purchased $5.32 billion and sold $1.84 billion in July. In June, the central bank had bought a net of $4.50 billion in the spot market

Entry-level bike buyers unlikely to return soon, says Bajaj Auto MD

Buyers at "the bottom of the pyramid" who were hit by the Covid pandemic, job losses and rising petrol price, are not coming back, Bajaj said

Growth jitters knock global stocks before central bank meeting-packed week

The pan European index slipped 0.5%, dragged down by health care, bank and chip stocks. Societe Generale, France's third-biggest listed bank, saw its shares drop more than 6%

Malaysia to discuss rice export curbs with India to find 'best solution'

State-run Malaysian rice importer Bernas will also be negotiating with other suppliers like Vietnam, Thailand And Cambodia, he said

Foxconn aims to double workforce, investment in India over next 12 months

In August, the state of Karnataka said Foxconn will invest $600 million for two projects in the state to make casing components for iPhones and chip-making equipment

WHO chief pushes China for 'full access' to determine Covid's origins

Ghebreyesus has for long been pressing China to share its information about the origins of Covid-19, saying that until that happened all hypotheses remained on the table

Chinese police detain some Evergrande wealth management unit staffers

Reuters could not confirm that Du was among those detained, and the police statement did not specify the number of people detained, the charges or the date they were taken into custody

LVMH, Gucci to expand in India with new outlets in Reliance's luxury mall

The mall, which an industry source said is likely to open this year, is located inside Reliance's $1 billion business and cultural hub in Mumbai

United Auto Workers union go on historic strike on 'Big Three' firms

The walkouts at the Detroit Three will halt production of the Ford Bronco, Jeep Wrangler and Chevrolet Colorado pickup truck, along with other popular models