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Indian shares rise after RBI keeps repo rate unchanged at 6.5% in MPC meet

The Indian rupee remained mostly unchanged after the policy decision, while the benchmark 10-year bond yield rose to 7.01%

India's May fuel demand rises 8% month-on-month to about 20.03 mn tonnes

Sales of gasoline rose 16.4% to 3.35 million tonnes and sales of diesel increased around 5% to 8.22 million tonnes in May

SpiceJet partners with FTAI to restore fleet, to lease up to 20 engines

SpiceJet had also said there were no plans to file for insolvency, quelling fears of a spillover after rival Go Airlines (India) filed for voluntary bankruptcy

Indian rupee poised to open lower tracking yuan slide, eyes on RBI outcome

The RBI is widely expected to keep the key policy rate at 6.50% in its decision at 10.00 a.m. IST. The focus will on comments around the trajectory of interest rates and inflation

India's inflation has likely cooled to a 20-month low in May: Poll

The poll of 45 economists predicted inflation measured by the CPI rose at an annual rate of 4.42% in May, down from 4.70% in April and set to be the lowest since October 2021

YES Bank aims to expand margins by 100 bps in next 3 years, says MD

"We would aim to improve the overall ratio of current account savings account (CASA) deposits further. There is a huge opportunity available there," Prashant Kumar said

Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe

Crypto companies, including Coinbase, dispute that crypto tokens are securities and have repeatedly called for the SEC to create clear rules

Airbus deliveries shoot up in May, Go First orders fall by 16 units

Airbus delivered 63 aircraft in May, up 34% from the same month last year, bringing its total for the year to 244 jets, the company said on Wednesday, confirming Reuters reports.

US trade deficit widens to 6-month high, expected to dent economic growth

Stocks on Wall Street were trading mostly lower. The dollar slipped against a basket of currencies. US Treasury prices fell

Amazon plans advertising tier for Prime Video streaming service: Report

The streaming industry has been facing a slowdown in new sign-ups as subscribers pull back on discretionary spending amid challenging economic conditions

Coinbase execs defend platform against lawsuit, call for clear crypto rules

Coinbase has been pushing the SEC to formulate new crypto-specific regulations since last year and in April asked the US Court of Appeals for the Third Circuit to compel the regulator to respond

Peak XV says confident of investor backing after Sequoia Capital split

Over years, Sequoia invested in some of India's biggest startups, including food delivery firm Zomato and payments firm Pine Labs

Adani to slow down on acquisitions to focus on existing projects: Report

While the group will continue to review acquisition opportunities, the Adani spokesperson said high debt costs will weigh

Google part of $36 mn funding round for Indian space startup Pixxel

The startup has raised more $71 million from investors including Accenture PLC. Pixxel did not specify the valuation it reflected

YES Bank aims to expand margins by 100 bps in next 3 years, says MD

Yes Bank is targeting a credit growth of 15% to 20% for fiscal 2024

Govt raises kharif crop prices as Modi woos farmers ahead of election

The government raised the cotton purchase price by nearly 9% to 6,620 rupees per 100 kg, also the highest increase in five years

Oil prices edge higher as Saudi Arabia cut outweighs bearish backdrop

The unexpected build in fuel inventories raised concerns over consumption by the world's top oil user, especially as travel demand grew during the Memorial Day weekend

Diverted Air India Delhi-US flight lands in middle of Russia airspace row

A Russian ban on some foreign carriers using its airspace, in retaliation for Western sanctions over the Ukraine war, has redrawn air routes and upset business models for some airlines

Starbucks brews up cheaper drinks in India as domestic rivals expand

Its new offerings are unique to India and unavailable in China, Singapore and the United States

China's exports tumble in May as global demand falters, imports fall

The poor export performance reflects weak demand for Chinese goods as does the weak import performance as China brings in parts and materials from abroad to assemble finished products for export