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Oil India plans to invest $2 billion in projects, aims net zero by 2040

State-run energy companies - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, GAIL (India) Ltd, Oil and Natural Gas Corp have already announced their net zero goal

After Reliance, Tata Group set to announce AI partnership with Nvidia

Reliance will create AI applications and services for their 450 million Jio customers and provide AI infrastructure to scientists, developers and startups across India

China slows fertiliser exports, raising concerns for Indian industries

As the world's largest producer of urea, China accounts for about a third of global supplies of the nitrogen-based fertiliser, which is critical to growing crops

Reliance explores chipmaking foray, in talks with potential partner

"There is intent, there is no timeline," said the person, adding that Reliance has "yet to make a call on whether they want to ultimately invest"

RBI's currency defence has likely extended to rupee futures: Traders

Its likely intervention in exchange-traded derivatives is reflected in the more-than-$1 bn jump in open interest on September USD/INR futures over the last three sessions on NSE

Wire and cables maker RR Kabel aims to raise $236 million via IPO

The Mumbai-based company, backed by private equity firm TPG, will issue new shares worth Rs 180 crore, as per its prospectus dated Sept. 6

Indian rupee inches up, but sustainable recovery unlikely - traders

Buying dollars above 83.10-83.15 was advisable only for "long-term players", he added

Biden, Modi to make progress on GE jet engines, nuclear: White House

Earlier this year, the aerospace unit of General Electric announced it had signed an agreement with Hindustan Aeronautics to jointly make engines in India to power fighter jets for the IAF

US, Saudi Arabia, India discuss possible rail, port connectivity deal

The plans for a sweeping, multi-national ports and rail deal would come at a critical time. To counter China's Belt and Road global infrastructure push, Biden is pitching Washington

Unesco seeks regulation in first guidance on GenAI use in education

The Paris-based agency also sought to protect the rights of teachers and researchers and the value of their practices when using GenAI

US plans to give seized Russia money to Kyiv, says Kremlin spokesman

US Secretary of State Antony Blinken said on a visit to Kyiv on Wednesday that Washington was transferring to Ukraine $5.4 million

UN chief says global finance system fragmenting; Myanmar crisis worsens

He called for a mechanism to provide relief for debt-strapped developing economies, to include payment suspensions, longer lending terms and lower interest rates

Oil prices slip on weak Chinese outlook despite US stock drawdown

Brent crude futures fell 19 cents, or 0.2%, to $90.41 a barrel by 11:33 a.m. EDT (1533 GMT), while U.S. West Texas Intermediate crude (WTI) futures fell 17 cents, or 0.2% to $87.36

UK says it won't change immigration policy to secure India trade deal

There is growing optimism that a free trade deal between the countries could be concluded this year though the remaining topics to be discussed are some of the difficult

India digital rupee transactions hits 18,000 a day, still below target

The central bank last year began pilot programmes to use the e-rupee in retail and wholesale markets as an alternative to cash

Inflation likely to be cooled in August, but still above RBI target range

Erratic monsoon rains have ruined some crops of staple food items, prompting the government to subsidise vegetable prices and ban exports of some cereals, providing temporary relief to households

British businesses plan lowest price rises since February 2022: BoE

Businesses surveyed in the three months to August expected to raise prices by 4.9% over the coming year, the smallest percentage since February 2022 when Russia invaded Ukraine

Temasek leads $140 mn Ola Electric funding at $5.4 bn valuation: Report

Ola Electric, founded by Bhavish Aggarwal and backed by Japan's SoftBank Group, has become India's e-scooter market leader with a 32% share

L&T sees share of private orders settle at a third but remain below peak

L&T, seen as a bellwether for investment in the Indian economy, had a consolidated orderbook of Rs 4.12 trillion ($49.55 billion) as of June 30

With Indian rupee near record low, RBI steps up NDF intervention: Bankers

The rupee was at 83.1525 to the U.S. dollar as of 11:16 a.m. IST, not too far from its record low of 83.29 hit in October 2022. The currency has largely avoided the decline in its Asian peers