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Indian banks to continue raising funds via debt market in Jan-Mar: Analysts

Indian state-run and private banks raised an aggregate of 611.94 billion rupees ($7.39 billion) in October-December, more than double the 301.34 billion rupees raised in July-September

As outage hits thousands of users globally, Twitter says 'let's try again'

During the outage, some users were unable to log in to their Twitter account via desktops or laptops

Indian Rupee inches up as Asian currencies notch marginal gains on Thursday

The Indian rupee eked out slim gains on Thursday in its penultimate trading session of 2022, as Asian markets rebounded to move higher and the dollar flatlined

India's 5G smartphone shipments to cross 4G shipments in 2023: Report

5G handset share in the lower-price band (less than 20,000 rupees or $241.55) is expected to surge to 30% in 2023 from 4% last year

Oil plunges as China's Covid-19 spike dampens global demand outlook

Brent futures for February fell 79 cents, or 1.0%, to $82.47 a barrel by 0730 GMT, while US crude fell 80 cents, or 1.0%, to $78.16 a barrel

Rupee rangebound as dollar sales by exporters help in risk-averse market

The rupee was at 82.78 per dollar by 10:05 a.m. IST, having firmed up to 82.75. The currency closed at 82.8575 on Wednesday

Asia's tourist hotspots prepare for boom as China relaxes Covid rules

International flights to and from China are at just 8% of pre-pandemic levels, shows data

Firms could raise funds via public issues in 2023 as cash tightens: Bankers

Corporates have traditionally preferred raising funds via private placements due to its ease, shorter execution time, and lower costs overall

India extends policy to import refined palm oil at lower duty of 13.75%

The duty cut made refined palm oil imports lucrative for Indian refiners, which traditionally prefer to import crude palm oil

Oil drops 2% in light trading on China demand concern amid Covid surge

Brent crude futures fell $1.82, or 2.2%, to $82.51 a barrel by 11:23 a.m. EST [1623 GMT], while U.S. West Texas Intermediate crude futures fell $1.60, or 2%, to $77.93 per barrel.

CERC retains ceiling of Rs 12/unit on electricity on spot power exchanges

India's power regulator retained a price cap of 12 rupees ($0.1450) per unit on electricity traded on its spot power exchanges ahead of expected record energy demand in the coming summer months

SBI to consider raising funds via infrastructure bonds worth up to $1.21 bn

SBI, the country's largest lender, said it will consider approval for raising funds through the issue of infrastructure bonds worth up to 100 billion rupees ($1.21 billion) during fiscal year 2023

Global markets remained flat, investors on sidelines post-China reopening

By Ankur Banerjee and Naomi Rovnick

Sheela Foam to buy rival mattress maker Kurlon for $241 million: Report

Indian mattress maker Sheela Foam Ltd will soon acquire competitor Kurlon for 20 billion rupees ($241.29 million), ET Now reported on Wednesday, citing sources

Russia retaliates on oil price cap as eastern Ukraine sees heavy fighting

The price cap, unseen even in the times of the Cold War between the West and the Soviet Union, is aimed at crippling Moscow's military efforts in Ukraine - without upsetting markets

Dollar edges to one-week high vs yen amid spike in Treasury yields

The greenback dropped as low as 130.58 yen that day for the first time since early August as traders speculated about an eventual end of BOJ stimulus

Fixing relevance: Twitter restores suicide prevention after backlash

"We know they are useful and our intent was not to have them down permanently"

India plans $2 billion incentive for green hydrogen industry, says report

The 180-billion-rupee ($2.2 billion) incentive aims to reduce the production cost of green hydrogen by a fifth over the next five years, said a senior government official

Banks may need to lift deposit rates as credit demand surges: RBI report

The Reserve Bank of India has raised rates aggressively this year to tame inflation. While banks have swiftly transmitted the hikes to their lending rates, deposit rates have been laggards for most

US dollar falls as China eases Covid rules for inbound travelers

China will stop requiring inbound travellers to go into quarantine on arrival starting Jan. 8, the National Health Commission said on Monday, even as Covid cases spike