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Bloomberg LP names product head Vlad Kliatchko as new CEO: Report

JP Zammitt will become president and Patti Roskill will be the chief financial officer, the memo said, adding that the company will form a new board

Birics' development bank aims to issue first Indian rupee bond by October

The New Development Bank (NDB) issued its first rand bond in South Africa last week and could consider local currency issuance in members Brazil, Russia and United Arab Emirates

Global equities rise as traders await US Fed meeting, eye earnings

Wall Street opened higher. The S&P 500 gained 4.92 points, or 0.11%, to 4,374.63 and the gained 85.91 points, or 0.65%, to 13,376.69 by 10:56 a.m. ET (1456 GMT)

Citi mulls plan to split institutional clients group in overhaul: Report

The plan would split the Institutional Clients Group into its three primary business segments: investment and corporate banking, global markets and transaction services, the FT report said

Moon landing anticipation builds for Chandyayaan-3 after Russia's crash

All systems on the spacecraft are working "perfectly" and no contingencies are anticipated on the landing day, the Isro said on Monday

RBI nudges local banks to settle UAE trades in rupee, dirham: Report

India's trade deficit with the UAE was $21.62 billion in 2022/23, or 8.2% of its total deficit, government data shows. In July, the two countries agreed to facilitate trade in rupees instead of dollar

China's Honor stages India return with local mfg plans in early 2024

Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget and less prudent portfolio management

ONGC Videsh secures three-year extension to explore South China Sea

India has sparred diplomatically with China in the past over its gas and oil exploration block off the coast of Vietnam.

GQG Partners acquires 0.1% stake in Adani Ports, total holding now at 5.03%

The investment comes after Deloitte quit as auditor for Adani Ports, in the first such move after U.S. short-seller Hindenburg Research's critical report on the Adani group

Tata Group owned Titan Co to pay $560 million to raise stake in CaratLane

Titan has entered into a share purchase agreement to acquire all of the 91,90,327 equity shares held by the founder of CaratLane Trading Private Limited and his family members

At 36.1 mn hectares, India plants 4.3% more land with rice than last year

Higher rice planting in India, the world's second biggest producer of the grain, could alleviate concerns about supplies of the staple

Dollar set for fifth straight week of gains as China stays top of mind

The People's Bank of China (PBOC) set a much stronger-than-expected daily fixing, lifting the yuan from a 9-month low hit on Thursday

Oil up 1% on signs of slow US output, posts first weekly loss in 8 weeks

Oil benchmarks were further depressed by seasonal demand weakness heading into the autumn, said Jay Hatfield, CEO of Infrastructure Capital Management

US 30-year fixed mortgage rate jumps to near 21-year high, shows data

The average 15-year rate also jumped to 6.46 per cent. It was up from 6.34 per cent the week prior and was also the highest level since April 2002

Wall Street, yields take a breather as investors await more from US Fed

The MSCI world equity index, which tracks shares in 45 nations, was last down 0.24%

India faces record low rains in August and threatening summer crops

India is on course to receive an average of less than 180 mm (7 inches) of rainfall this month, he added, based on rains so far and expectations for the rest of the month

Mahindra to inspect over 100,000 XUVs for potential risk of wiring damage

XUV is among SUVs such as Scorpio and Thar manufactured by Mahindra, India's second-largest maker of such vehicles by volume

Foreign exchange reserves up $700 mn to $602 bn, snap 3-week losing streak

The changes in foreign currency assets, expressed in dollar terms, include the effects of appreciation or depreciation of other currencies held in the Reserve Bank of India's (RBI) reserves

Jio launches Netflix subscription option for 400 mn prepaid plan holders

Earlier in July, Jio had announced the launch of a 4G-feature phone in an attempt to reach people who have not yet migrated to smartphones

Moody's affirms India's sovereign ratings, retains stable economic outlook

India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating remains at Baa3, while the other short-term local-currency rating stands at P-3, it said