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Rice prices set to rally further as weather threatens producers' yields

Rice is a staple for more than 3 billion people and nearly 90% of the water-intensive crop is produced in Asia, where the El Nino weather pattern usually brings lower rainfall

Indian state-run banks to be cautious buyers of govt bonds as yields rise

Bond yields started rising after the Reserve Bank of India's June monetary policy decision pushed out hopes of a rate cut to February, with many participants expecting one only next financial year

Brent crude oil prices steady as economic fears offset supply cuts

The Brent benchmark was down 12 cents, or 0.2%, at $76.13 a barrel by 1205 GMT after falling more than $1 in early trade and then briefly turning positive. The benchmark closed with a $1.60 gain

Marico expects June quarter revenue drop on sluggish rural demand

Rural consumers typically make up about two-thirds of consumer goods makers' sales, according to Bengaluru, Karnataka-based Bizom, which tracks retail industry trends

India in talks to supply tonnes of green hydrogen to EU, Singapore: Report

The meeting was attended by officials from EU governments and Indian renewable companies, including Avaada Group, Renew Power and ACME Group

India's April-May finished steel imports from China at six-year high

In April and May, China emerged as the second-biggest steel exporter to India, selling 0.2 million metric tons of the alloy, up 62% from the same period a year earlier

Foxconn Q2 sales fall 14%, Q3 outlook brighter ahead of shopping season

For the month of June, sales fell 19.7% year-on-year, though at T$422.8 billion it was still the second highest figure on record for the same period

India will put retaliatory barriers on green hydrogen trade, says R K Singh

As one of the world's biggest emitters of climate-warming gases, India is betting on green hydrogen to help cut its emissions and to reach its target of achieving net-zero carbon emissions by 2070

Godrej Consumer estimates double-digit Q1 sales growth on strong demand

Godrej Consumer said its India home care business unit, which houses the Goodknight and HIT brands, recorded double-digit volume growth in the three months ended June 30

Putin says Russian economy faring better than expected; GDP positive

'Our results, at least for the time being, let's say, cautiously, are better than previously expected, better than predicted,' Putin said, according to a transcript on the Kremlin's website

Dollar steady before US Fed minutes, yen hovers below intervention zone

The dollar index - which measures the currency against a basket of six major peers, including the euro and yen - was little changed at 103.02, after tracking between 103.75 and 102.75 since early June

Micron to start construction of $2.75 bn chip plant next month: Report

Micron Technology would start construction in August on a $2.75 billion chip assembly and test facility in Gujarat

Israeli lawmakers give first approval to new judicial overhaul Bill

After the committee vote, the shekel weakened by 0.3 per cent against the dollar. The bill still has to pass three readings in parliament to be written into law

Will stand up against sanctions and 'provocations', says Vladimir Putin

Putin told the group there was a growing risk of a new global economic and financial crisis fuelled by developed countries' debts and worsening food and environmental security

US Big Tech says it meets EU gatekeeper status, TikTok criticises label

Companies can be fined up to 10 per cent of annual global turnover for DMA violations

ONGC Videsh awaiting clarity on equity structure over Kenyan oil field bid

Other Indian companies that are likely to partner with OVL for the stake buy are also evaluating a stake purchase, said the executive, who was not authorised to speak to the media

Surprises from Central banks see June become bumper 2023 rate hike month

Seven of the nine central banks overseeing the 10 most heavily traded currencies that met in June hiked rates, while two opted for no change, Reuters data showed

India tops Russian Urals oil purchases in June as China retreats: Report

Russia has heavily relied on India, China, Turkey and Bulgaria for oil sales since the imposition of sanctions

Jio's new low-cost phone unlikely to disrupt telecom market: Analysts

Jio's launch also comes about a month after India's cabinet approved a $10 billion revival package for loss-making state-owned telecom operator BSNL to help deploy 4G and 5G services

HSBC chases wealthy clients in India with private banking business launch

HSBC said on Tuesday it would target business with India's wealthy as it launched its global private banking business in the country