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Godrej Consumer Products sees Q3 sales rise on personal, home care demand

The company expects sales on a constant currency basis to increase in the mid-teens percentage range for the third quarter, with overall profit seeing "meaningful improvement," as gross margins expand

Oil prices rebound as dollar weakens; economy concerns cap upside

Big declines in the previous 2 days were driven by worries about a potential global recession, especially since short-term economic signs in world's 2 biggest oil consumers, US and China seemed shaky

China's services activity shrinks in Dec as surging Covid cases hit demand

The Caixin/S&P Global services PMI rose to 48.0 in December from 46.7 in November, but remained below the 50-point mark, which indicates contraction in activity, for a fourth straight month

Biden raises concern over China's Covid management after WHO questions data

Chinese health officials have said only deaths caused by pneumonia and respiratory failure in patients who had the virus are classified as Covid deaths

Oil sinks over 8% in 2 days to below $79, biggest one-day loss in 3 months

Brent futures fell $3.70 to $78.40 a barrel, a 2.9 per cent loss. US crude dropped 3.5 per cent, to $73.36 per barrel. Both benchmarks plunged more than 4 per cent

Citigroup cuts India's current account deficit forecast to below 3% of GDP

Net exports of services rose 35% to $34.5 billion in the second quarter of the current fiscal

Gold prices rise to mid-June highs as markets look to US Fed minutes

The market now awaits the 2 p.m. EST release of the minutes from the Fed's Dec. 13-14 policy meeting

Oil dips 4% on mounting worry about global economy, rising Covid cases

Both benchmarks also plunged more than 4% on Tuesday, with Brent posting its biggest daily decline in more than three months

Switch Mobility, 2 others bag $362-million e-bus contracts by CESL: Repor

A senior CESL official, who did not want to be named, said the exact quantities being awarded to the three companies would be known by Friday

Asian stocks in 2022 suffer biggest foreign outflows since 2008 crisis

After four straight 75-basis point hikes earlier in 2022, the US Federal Reserve raised its overnight borrowing rate by another 50 basis points in December

Nexus Venture to raise $700 mn fund to bet on domestic, US tech startups

Nexus will invest the new funds in early stage funding rounds of Indian internet and technology startups, as well as U.S.-based software firms

Govt sticks to demand for increased share in Barmer oil & gas block

The SC has been hearing a dispute between Vedanta and the federal government related to an extension of the production-sharing contract for the Barmer asset in the western state of Rajasthan

RBI lifts curbs on loan recovery via third parties: M&M Financial Services

MMFSL shares had plunged over 20% following the order in September, before recouping those losses by December

Indian govt portal upgrade may halt new debt issues, says merchant bankers

According to a notification from the Ministry of Corporate Affairs, the website companies use for electronic filings will not be available from January 7 to January 22

Oil falls again as concerns grow over global economy, China Covid cases

Brent futures fell $1.88 to $80.22 a barrel, a 2.3% loss, by 1032 GMT. U.S. crude dropped $1.68, or 2.2%, to $75.25 per barrel

Government bond yields little changed as traders await fresh triggers

The benchmark yield had dipped earlier in the day, as a fall in oil prices and U.S. yields supported buying sentiment for bonds

Dollar falls as European inflation cools and China lifts the Aussie

A series of separate reports showed business-sector activity across the euro zone held up better than expected in December, despite intense pressure from soaring energy prices

Stocks creep higher as inflation data offers hope ahead of US Fed minutes

Investors will parse the minutes to figure out whether more policy tightening is likely

CCI declines interim stay for Google on Android-related antitrust ruling

An Indian tribunal declined Google's request for an interim stay on an antitrust ruling that ordered the tech giant to change its approach to its Android platform

Indian shares open lower ahead of Fed minutes release; metals slide

Indian shares opened lower, ahead of the US Federal Reserve's release of minutes from its December meeting, in which the central bank is expected to give a glimpse of its policy tightening path