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Flipkart, PhonePe could be $100 bn businesses in India, says Walmart

Flipkart was valued at more than $40 billion in 2022 and counts itself among India's most valuable startups

Federal Reserve holds rates steady, sees two small hikes by end of year

Further rate increases would take into account cumulative tightening of monetary policy, lags with which policy affects economic activity, inflation, and economic and financial developments, it said

Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana

The company is looking at an investment of about 23 billion rupees ($280.1 million), S.M. Vaidya said on the sidelines of an industry event in New Delhi

Tata Steel inks deal to cut carbon emissions with Germany's SMS group

The objective of the demonstration will be to reduce carbon dioxide emissions by more than 50% from the blast furnace's baseline operation, it added

Vodafone, CK Hutchison's $19-billion merger to create UK's largest telco

Vodafone, UK's third-biggest operator, will have an option to buy-out the Hong Kong-based conglomerate three years after completion, if it agrees

US PE firm Bain Capital plans to sell $267 mn stake in Axis Bank: Report

The stake sale would likely be at an offer price range of 964.00 rupees to 977.70 rupees per share, the report added

Belarus starts taking delivery of Russian tactical nuclear weapons

Deployment is Moscow's first move of such warheads - shorter-range less powerful nuclear weapons that could potentially be used on the battlefield - outside Russia since the fall of the Soviet Union

Oil price rises as market awaits Federal Reserve's interest rate decision

The IEA, meanwhile, increased its oil demand growth forecast for this year by 200,000 barrels per day (bpd) to 2.4 million bpd, lifting the projected total to 102.3 million bpd

Dollar down on soft inflation data as traders price in Fed rate hike skip

The dollar index - which measures the performance of the U.S. currency against six others - dipped 0.2% to 103.14, after touching its lowest since May 22 overnight at 103.04

India considers lithium mining royalty at 3% of London Metal Exchange price

At least dozen cos such as Adani Enterprises, Vedanta Ltd, Reliance Industries, Jindal Steel and Power Ltd, Himadri Chemicals and Korea's LX International are likely to take part in auction

Metals, FMCG stocks lift Indian stock market ahead of US Fed decision

The blue-chip Nifty 50 index closed 0.21% higher at 18,755.90, while the benchmark S&P BSE Sensex rose 0.14% to 63,228.51

Sebi may not waive holdings rule for MFs post HDFC Bank, HDFC merger

As per SEBI rules, a mutual fund scheme cannot invest more than 10% in a single security

Mutual funds may not get holdings waiver post HDFC Bank-HDFC merger: Report

As per SEBI rules, a mutual fund scheme cannot invest more than 10% in a single security. However, exchange-traded funds and funds that invest in particular sectors are exempt

Rupee hits one-month high against dollar on corporate dollar inflows

Indian rupee hit a one-month high against the U.S. currency on Wednesday led by likely corporate dollar inflows, five traders said

Agency probes bribery claim in toxic syrup tests killing children in Gambia

A lawyer accused Haryana's drug controller of taking a bribe of Rs 50 million from local manufacturer Maiden Pharmaceuticals to help it switch the samples before an government laboratory tested them

US pushing India to seal big armed drone buy for PM Modi visit: Report

India has long expressed interest in buying large armed drones from the United States. But bureaucratic stumbling blocks have hampered a hoped-for deal for SeaGuardian drones

US inflation eases to 4% in May, Fed may keep interest rates unchanged

Fed now expected to keep interest rates unchanged at this week's meeting

Reddit Groups go silent amid AI-Linked fee dispute: Who gets affected?

Many said the new pricing scheme could kill off some of the most popular third-party apps that many users rely on to browse and comment on the site

Japan's benchmark Nikkei closes above 33K for the first time in 33 years

SoftBank Group jumped 5.25 per cent on reports

Meta Platforms releases 'human-like' AI image creation model: Report

Meta said it would provide researchers with access to components of a new AI model that it said can analyze and complete unfinished images more accurately than existing models