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US govt shutdown would be negative for credit rating, says Moody's

U.S. government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal year starting Oct. 1

Explained: Why are Russian export prices roiling the wheat market

In March, sources told Reuters that the Russian government was recommending exporters ensure prices were high enough to cover farmers' production costs

Apple's Indian contract unit temporarily halts iPhone assembly after fire

Taiwanese firm cancelled first two shifts of day at factory near the city of Chennai in Tamil Nadu state, and is yet to inform assembly workers whether it will operate third shift of day

Govt considering $7.2 billion housing loan interest subsidy scheme

The scheme will offer an annual interest subsidy of between 3-6.5% on up to 0.9 million rupees of the loan amount

Aviation leasing watchdog cuts India's compliance rating amid Go First row

The courtroom battle started after Go First was granted bankruptcy protection in May. Under Indian law, that prevented lessors from recovering 50-plus grounded Airbus planes

Airbus appoints sales chief Scherer as head of core planemaking biz

The move, to be announced within days, frees CEO Guillaume Faury to focus on broader strategy after four years of doubling up as planemaking boss, notably during the pandemic

Google, Walmart ask Bengaluru staff to work at home amid state water row

The dispute over who gets access to the water has been a source of friction between the states of Karnataka and Tamil Nadu for more than a century

Brazil, Mexico, India in good position to attract capital, says Haddad

The finance minister added his team would meet with 25 U.S. investors in Sao Paulo later in the day, following up on the bilateral meeting Presidents Biden and Inacio Lula da Silva held last week

Burmans seek to boost financial services play with control of Religare

The Burmans now want to "increase the family's stake and take control" of Religare, in a move that will pit them against other billionaire families in the same business

Rupee ends weaker on elevated US Treasury yields, record low not in sight

The rupee closed at 83.1450 against the U.S. dollar as compared with 82.93 in the previous session. Most Asian currencies fell, with the Thai bhat and offshore Chinese yuan leading losses

Emcure Pharma plans $400-500 mn IPO in 2024; hires JP Morgan, Jefferies

Emcure, backed by private equity firm Bain Capital, has hired investment banks JP Morgan, Jefferies and Kotak for the IPO, and is targeting a valuation of about $3 billion

India's April-August finished steel imports from China at five-year high

China, the world's top steel producer, exported mostly cold- rolled coil or sheets to India

Govt to auction Jammu & Kashmir's lithium reserves over next few weeks

India found its first lithium deposits in Jammu and Kashmir with estimated reserves of 5.9 million tonnes

Govt could sell wheat in open market to control price: Sanjeev Chopra

India's government could sell more wheat in open market to control price of the grain, the country's food secretary said on Monday

Nomura retains negative view on rupee despite JPMorgan index inclusion

Actual inflows may be smaller with some real money managers that they tracked already invested about 2%-3% on average, the brokerage said

Rupee gives up index inclusion-led rally; RBI counted on to help

The rupee was at 83.12 against the US dollar by 11:00 am IST compared with 82.93 in the previous session. The dollar index was largely flat in Asia, but remained near 6-month highs

China central-bank adviser proposes structural reforms to revive economy

Fiscally, Chinese governments at various levels are under stress, he told the annual Bund Summit conference

Can't interfere in dispute between Akasa Air and its pilots: DGCA

The DGCA "does not have any power or delegated authority to interfere in any employment contract," it said

India likely to delay import licensing of laptops, tablets, PCs by a year

After industry objections, the plan, which would also affect Dell and HP, was quickly delayed by about three months, and came under criticism from Washington

X social media's India, South Asia policy head Samiran Gupta resigns

Gupta's tenure at X ended in September, according to Gupta's LinkedIn profile, which said he "enabled transition leadership for Twitter post acquisition by Elon Musk-led X-Corp"