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India commits to help Sri Lanka on debt in prospective IMF program

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday

Wheat prices hit fresh record high following delay in stock release

According to government estimates, wheat output fell to 106.84 million tonnes in 2022 from 109.59 million tonnes a year earlier

Once science fiction, lab-grown meat coming to US restaurants this year

Executives at cultivated meat firms are optimistic that meat grown in massive steel vats could be on the menu within months after a company won the go-ahead from a key regulator

Maruti Suzuki to recall 11,177 Grand Vitara SUVs to fix seat belt defect

The company, which is majority owned by Japan's Suzuki Motor Corp, will report its results for the quarter ending Dec. 31 on Tuesday

Pakistan's national grid fails for the second time in three months

Energy Minister Khurrum Dastagir said the outage was caused by a large voltage surge in the south of the grid, which affected the entire network

Ford plans to cut 3,200 jobs in Europe; union says, 'vowing a fight'

Ford of Europe produces, sells and services Ford brand vehicles in 50 markets, employing around 45,000 people at its own facilities and consolidated joint ventures, according to its website

India plans to cut gold import duty to arrest smuggling: Govt officials

The effective duty on gold is currently 18.45%, which includes 12.5% import duty, 2.5% agriculture infrastructure development cess and other taxes

Wall Street rises as chipmakers lead tech shares higher; Nasdaq up 1%

Six of the 11 major S&P 500 sector indexes were up in early trading, with a 1.3% rise in tech stocks making them the biggest gainers

Shoppers Stop Q3 profit jumps 24% to Rs 63 crore on festive demand

Shoppers Stop's net profit rose to Rs 620.6 million ($7.63 million) for the quarter ended Dec. 31

India's crude imports hit 5-month high in December on cheap Russian supply

Russia continued to be the top oil supplier to India in December, shipping a record 1.25 million barrels per day (bpd)

Gold prices tick lower; growth concerns start weighing on white metals

Zero-yield bullion tends to do well in a lower interest rate environment

RBI orders SBM Bank to stop transactions under remittance scheme

The scheme allowed Indian residents to freely remit funds abroad up to $250,000 per financial year

Oil prices rise to $88 a barrel on back of stronger China outlook

Last week Brent rose 2.8%, while the U.S. benchmark logged a 1.8% gain

Axis Bank Q3 results: Net profit rises 61.9% to Rs 5,853 crore

Analysts on average had expected the bank to report a profit of 54.43 billion rupees, according to Refinitiv IBES data

Euro scales nine-month peak against US dollar as ECB hawks let fly

Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing

IDBI Bank posts record-high Q3 profit of Rs 927 crore on lower provisions

Most Indian banks have managed to improve their asset quality helped by a clean-up of balance sheet, write-offs and recoveries, and by ensuring that new slippages remained in check

Apple targeting to raise India production share to 25%: Piyush Goyal

'They are already at about 5-7% of their manufacturing in India. If I am not mistaken, they are targeting to go up to 25% of their manufacturing'

India's central bank likely buying dollar after rupee rose above 81.125/$

India's central bank likely bought dollars via state-run banks to prevent the rupee from appreciating significantly above the 81 psychological level

Govt to tap brakes on capex growth, key subsidies, finds poll of economists

Food and fertiliser subsidies that help two-thirds of India's 1.4 billion people will also be scaled back

Centre likely to borrow record Rs16 trn in fiscal year 2024, shows new poll

The fall in tax revenue and expected slowing economic growth next fiscal year will limit the government's ability to cut borrowing in the near term