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India tweaks gas procurement norms for fertiliser firms to cut cost: Report

The govt has amended the 2015 gas procurement guidelines under which fertiliser plants had to procure 80% of their gas needs through long-term contracts and the balance through three-month tenders

Oil rises on tight US stocks as winter festivities, holiday travel hits

Demand worries, however, stemming from China's COVID-19 surge and fears of a global recession may keep oil futures in check

Indian shares extend losses amid concerns of Covid-19 cases, inflation

Indian shares extended fall for a third straight session, with broad-based declines, after the Reserve Bank of India's latest monetary policy minutes revealed strong concerns about inflation and Covid

Trillions wiped off, here's how 2022 shocked, rocked global markets

The main drivers have been the war in Ukraine, combined with rampant inflation as global economies broke out of the pandemic, but China remained shackled by it

Indian stocks top Asian markets, strong economic growth fuels hope

Next year's optimism for India is driven by strong corporate earnings, a post-pandemic retail boom and an economy set to grow by 6% in the next fiscal year

Chinese cities give out free fever drugs as Covid infections flare

The head of the World Health Organization said it is concerned about the spike in infections and is supporting the government to focus on vaccinating those at the highest risk

Google-parent Alphabet links more of CEO Sundar Pichai's pay to performance

Google-parent Alphabet Inc said it had approved a new equity award for CEO Sundar Pichai that ties more of his pay to performance

Global stock markets advance but face highest monthly losses since 2008

The MSCI All-World index rose about 1.1% on the day, although it is on track for a more than 3% decline in December

Airbus CEO Faury meets PM Modi, pledges deeper industrial ties with India

Airbus plans to deepen its industrial presence in India, Chief Executive Guillaume Faury said after meeting PM Modi

Zero Covid-19 deaths, says China, but panic spreads across globe

Dozens of hearses queue outside Beijing crematoria; firms suffer supply snags, demand falls as cases spread

Global shares regaining stability, but face most monthly losses since 2008

Decision by the BOJ, the last dove of the major central banks, has added to concern among investors about how impact of rising interest rates and persistent inflation will affect the global economy

Foreign investors buy Indian equities in Dec first half even as stocks slip

Foreign investors have latched on to domestic equities between Oct. 15 and Dec. 15 and are on course to become net buyers for two consecutive months

India to bolster carbon trading market with stabilisation fund: Sources

Money in the fund would be used by a market regulator to buy carbon credits if prices fell too low, an officials said

Russia's Rosatom sends 'more advanced' fuel option for Indian nuclear plant

Russia's state-owned nuclear energy company Rosatom earlier this year sent a "more advanced" fuel option for a nuclear power plant in southern India, an Indian government minister told parliament

Washington trip tops Ukrainian prez Zelenskyy's list of surprise war moves

President since 2019, Zelenskiy has made it a point of his leadership to stay in his battered country, close to the people and soldiers fighting in a war

China will work to promote strategic partnership, Xi tells Australian PM

Diplomatic ties between Australia and its major trading partner China deteriorated in recent years, with Beijing imposing sanctions on Australian exports

25 militants killed in Pak army raid on detention centre; one hostage dies

After talks failed to resolve a two-day standoff, army commandos stormed the centre on Tuesday. Ten soldiers, including three officers, were also wounded

Rupee premiums likely to stay above 2% after RBI's push, says report

The RBI looks comfortable with the current level of forward premiums, especially since it has lifted informal restrictions on banks for trading in the non-deliverable forward (NDF) market

Oil prices up as US crude stocks seen falling, dollar eases in early trade

Brent crude futures rose 8 cents to $80.07 per barrel by 0126 GMT, while US West Texas Intermediate (WTI) crude futures gained 6 cents to $76.29

Twitter hit with dozens of legal complaints by laid-off employees

The arbitration demands accuse Twitter of sex discrimination, breach of contract, and illegally terminating employees who were on medical or parental leave