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China's manufacturing activity expands at fastest pace since 2012

The world's second-largest economy recorded one of its worst years in nearly half a century in 2022 due to strict Covid lockdowns and subsequent widespread infections

Adani Group secures $3 bn credit from sovereign wealth fund: Report

Adani Group has told creditors it has secured $3 bn loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease concerns

Adani Group secures $3 bn credit from sovereign wealth fund: Sources

The identity of the sovereign wealth fund was not disclosed in the memo. A third person familiar with the matter said Adani's management told investors it was from the Middle East

Bajaj Finserv gets regulatory license to start mutual fund business

Bajaj Finserv MF aims to create a tech-driven, multi-channel approach to serve investors across various touchpoints and geographies in order to build a future-ready asset management company

Petronas clean energy arm sees India, Australia as key market for growth

The state-owned company has said it would allocate 20% of its overall capital expenditure for decarbonisation projects and cleaner energy solutions from 2023 to 2026

Andhra Pradesh launches probe into fire at Apple supplier Foxlink

The factories department, which is responsible for ensuring the safety and welfare of workers in the state, has launched an investigation

India December quarter GDP growth stronger than data suggests: Economists

India's GDP grew 4.4% in October-December, down from 6.3% in July-September, and below the 4.6% forecast in a Reuters poll

India's unemployment rate rose to 7.45% from 7.14% in January: CMIE

India's unemployment rate rose to 7.45% in February from 7.14% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Wednesday

Feb manufacturing PMI falls to four-month low amid rising borrowing costs

The manufacturing sector shrank 1.1% in the quarter year-on-year, the second straight contraction reflecting a weakness in exports

Oil prices rise as China factory gains boost demand outlook for fuel

Brent crude oil for May was up 24 cents, 0.3%, to 83.69 a barrel at 0214 GMT. The April contract expired on Tuesday up $1.44, or 1.8%, at $83.89.

Apple supplier Foxlink says working to resume production after India fire

Taiwanese Apple Inc supplier Foxlink said it is working hard to resume production following a fire at a plant in southern India that halted operations at the maker of iPhone charging cables

US attaches childcare strings to $52-billion subsidy for chip makers

The condition marks an unusual use of the federal government's powers. Officials said the rule was intended to address a worker shortage

US Federal Reserve may hike policy rates to 6%: BofA Global Research

Strong US consumer demand and a tight labour market would force the central bank to battle inflation for longer

Fox hosts endorsed Trump's lie that Prez elections were rigged: Murdoch

He acknowledged this while being questioned under oath in a $1.6-bn suit by Dominion Voting Systems

Air India to triple current aircraft fleet in a few years: CEO Wilson

Tata group-owned Air India has said that it would increase its fleet by a record 470 aircraft, funding the $70 billion order with internal cash, equity and through sale-and-leasebacks

India's passenger vehicle sales to grow 9%-10% in 2024: Crisil Ratings

SUVs are expected to nearly double their share in overall domestic sales to roughly 55% in fiscal 2024 from about 28% in fiscal 2018

Sebi bars 21 entities from capital markets in Axis MF case: Interim order

The market regulator said it identified Rs 30.5 crore as wrongful gains accrued due to the alleged front-running activities and directed that this amount be impounded from the entities

India's private equity investment declines by 23.4% in 2022, says S&P

Private equity (PE) investments in India dropped 23.4% in 2022 from a year earlier, a report from S&P Global Market Intelligence showed on Tuesday

Sri Lanka's key inflation rate eases to 50.6% in February: Colombo CPI

(Reuters) -Sri Lanka's key inflation rate eased to 50.6% in February from 51.7% in January, the statistics department said on Tuesday, as food prices eased

New Delhi city warns Uber, Ola on use of bike taxis, says official

As of Tuesday, bike taxis continue to be available for booking on Uber and Ola apps in New Delhi.