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Govt starts process to fund state refiners' green goals via equity: Reports

The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) to launch rights issues

Corporate Affairs Ministry ordered inspection of Byju's recently: Report

We have not received any such correspondence from MCA regarding this, and are not aware of any such inspection, the spokesperson said in a statement

Boeing to invest $100 mn in infrastructure, pilot training in India

This comes on the heels of Air India signing firm orders of over 200 jets earlier this week from Boeing, which include 20 787 Dreamliners, 10 777Xs, and 190 737 MAX narrowbody aircraft

India to cut power tariff during solar hours, raise for peak hours

The system is expected to reduce demand on the grid during peak times when many Indian households crank up their use of airconditioning after work

BPCL in talks with Rosneft to buy oil priced on Dubai benchmark: Reports

The deal would deepen India's commitment to its now-biggest oil supplier in the wake of Western sanctions on Moscow and mark a continued shift by Rosneft to pricing its oil

Govt spending to drive India's growth in this fiscal, economists say: Poll

Weakness in consumption has shifted the onus onto the government to maintain strong economic growth by announcing record capital expenditure (capex) plans, given private investment has lagged

Sebi bars Eros Group entities, MD from securities mkt over irregularities

The SEBI has barred Eros International Media Ltd, Eros Worldwide and Eros Digital from the securities market until further orders

Interest rate hikes will come at a 'careful pace' from here: Fed's Powell

Powell did not specify his own view on when and how high rates should move. Most policymakers see at least two more quarter-point rate increases by the end of this year

Warren Buffett donates Berkshire Hathaway's 4.64 bn stock, totals $51 bn

Buffett is donating 10.45 million shares to the Bill & Melinda Gates Foundation, which has received more than $39 billion of Berkshire stock overall

World Bank unveils debt payment pause, IMF touts $100 bn for poorest

An announcement about Zambia's debt was also expected later on Thursday after its creditors indicated this week a restructuring proposal was nearly ready after more than two years of negotiations

Türkiye delivers 650-basis point hike to 15% but still underwhelms

The move suggested that the new central bank governor may have limited room to aggressively tackle inflation under the watch of the country's president

Why GE plan to make fighter jet engines in India a big deal: Details here

The announcement was timed to coincide with Indian Prime Minister Narendra Modi's landmark visit to the United States this week

Group backed by Vikram Solar to invest $1.5 bn in new US factories

The announcement is the latest by an overseas manufacturer seeking to capitalize on incentives in President Joe Biden's landmark climate change law, the Inflation Reduction Act (IRA)

US jobless claims hold steady at 20-month high, current account gap widens

Data from the Bureau of Labor Statistics on Thursday showed 264,000 new claims were filed for jobless benefits on a seasonally adjusted basis in the week ended June 17

MPC minutes: RBI members diverge on further rate hikes amid growth risks

The RBI in its policy also brought back the focus on 4% as the medium term target of the MPC and not just the 2-6% band

Deutsche Bank plans to cut 10% of 17k German retail jobs to curb expenses

The plans at Germany's largest bank come as Claudio de Sanctis prepares to take over the retail unit, known as the private bank division, on July 1

Applied Materials to invest $400 mn in India for new engineering center

Indian Prime Minister Narendra Modi had met with the company's CEO Gary Dickerson in Washington on Wednesday and invited Applied to strengthen the chip industry in the country

VSK Energy backed by Vikram Solar to invest $1.5 bn in new US factories

The newly formed company, VSK Energy LLC, aims to leverage India's extensive solar manufacturing know-how in the U.S. push to build a clean energy manufacturing sector to compete with China

Accenture forecasts fourth-quarter revenue below Wall Street estimates

Shares of the company were down 2% in trading before the bell

Bank of England hikes rates to 5% to tackle inflation, highest since 2008

MPC members Silvana Tenreyro and Swati Dhingra opposed the rate rise - as they have all others this year - saying that much of the impact of past tightening had yet to be felt