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SAT overrules Sebi's order on cancelling of Brickwork Ratings' licence

India's markets appeals tribunal set aside a ruling by the markets regulator cancelling the licence of Brickwork Ratings India, according to an order published on the tribunal's website

Banks can offer NDF contracts to resident Indians for hedging: RBI

MUMBAI (Reuters) - India's central bank has issued rules allowing banks to offer non-deliverable forward contracts involving the rupee to resident Indians.

UBS to wrap up Credit Suisse loss agreement of $9.92 bn with govt by June 7

Under the takeover of Credit Suisse, orchestrated by Swiss authorities, Bern agreed to shoulder up to 9 billion francs in losses after UBS agreed to cover the first 5 billion francs in losses

Sequoia to separate China, India, Southeast Asia businesses by March '24

Global venture capital giant Sequoia announced that it is planning to separate China and India and Southeast Asia businesses into independent firms

Saudi oil output cuts unlikely to lift prices to high $80s-low $90s: Citi

Prices are expected to be range-bound, the analysts added, with Brent averaging $81 a barrel through the year

Crude Oil falls as economic fears overshadow Saudi Arabia's output cut

By Rowena Edwards

India to offer $455 mn in incentives for battery storage projects: Report

The scheme is intended to boost battery storage projects critical to India's ambitious plan to expand its renewable energy capacity to 500 gigawatts (GW) by 2030

Coromandel Express accident: Over 100 bodies remain unclaimed after search

The disaster struck on Friday, when a passenger train hit a stationary freight train, jumped the tracks and hit another passenger train passing in the opposite direction near the district of Balasore

RBI may set cutoff yield on 10-yr state bonds in 7.32%-7.35% band: Poll

MUMBAI (Reuters) - Indian states will aim to raise an aggregate of 173 billion Indian rupees ($2.09 billion) on Tuesday through the sale of bonds maturing in five years to 30 years.

Bankers await signs on RBI's liquidity approach amid persisting disconnect

"Banks are not parking funds with the RBI because they are unsure about how long the surplus liquidity will last," said Soumyajit Niyogi

India's palm oil imports hit 27-month low, buyers pick cheaper soft oils

India buys palm oil mainly from Indonesia, Malaysia - the top two producers - and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine

'Urgency' among world leaders to contain AI risks: OpenAI CEO Sam Altman

Altman is one of the tech world's most prominent voices urging governments to rapidly come up with regulations to make sure Artificial Intelligence is used responsibly

US SEC sues Binance, founder Zhao alleging securities law violations

The agency on Monday sued Binance and Zhao for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls

Saudi Arabia raises July flagship crude price for Asia to 6-month high

The official selling price (OSP) for July-loading Arab Light to Asia was increased by 45 cents a barrel from June to $3.00 a barrel over Oman/Dubai quotes

Microsoft 365 down for more than 15,000 online users, 3rd outage this year

Microsoft services have faced at least three outages since the beginning of the year

Apple shares hit all-time high ahead of Worldwide Developers Conference '23

Apple shares hit a record high for first time in 17 months on Monday, ahead of an annual software developer conference, although their market value remained short of an all-time peak of $3 trillion

OpenAI CEO sees 'huge' Israeli role in reducing risks from AI technology

Altman is one of the tech world's most prominent voices urging governments to rapidly come up with regulations to make sure AI is used responsibly

British Airways, Boots staff's payroll data compromised by cyberattack

British Airways, owned by IAG, said it had notified affected employees and was providing them with support

China's top investment bank CITIC cuts base salary by up to 15%: Report

The country's top investment bank by market value has also yet to pay bonuses to bankers for work done last year, the two sources close to the matter said

Spotify to lay off 200 workers in podcast division, about 2% of streamers

The company has resorted to aggressive expansion to supplement its earnings from music streaming with other revenue-generating formats such as podcasts