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Indian winemaker Sula's IPO oversubscribed with bids worth $190 million

Investors had bid for 43.8 million shares by the final day of bidding, 2.33 times the 18.8 million shares on offer, with institutional investors showing the most interest, exchange data showed

G20 wants to build policy consensus on crypto assets, says Ajay Seth

The Group of 20 (G20) countries are striving to build a policy consensus on crypto assets to inform better global regulation, India's federal economic affairs secretary Ajay Seth said

Mahindra CEO sees US entry for new electric vehicles at least 5 years away

A US market entry "could likely be longer than five years because we have to win in some of our key markets first," including Europe, he added

Wall St keeps its poise ahead of Fed's last rate decision for 2022

The subdued price moves followed a rally in stocks and a sharp drop in the U.S. dollar in the previous session when the consumer prices data showed a slowdown in inflation

Construction work on Adani port in south India to speed up to meet deadline

Clashes between police and protesters in November injured more than 100 people, including 64 police officers

Dollar wallows at six-month lows ahead of last Fed meeting of 2022

After raising interest rates by 75 basis points at four successive meetings, the US central bank is widely expected to deliver a 50 bp increase later in the day

Power producer NTPC to sell stake in green energy business: Sources

The deal marks the first green transaction by an Indian state company, which has drawn interest from investors, such as Canada Pension Plan Investment Board (CPPIB), Malaysia's Petronas and Brookfield

Oil prices up amid forecasts of 2023 demand uptick from OPEC, IEA

Brent crude futures rose 76 cents, or 0.9%, to $81.44 per barrel by 1144 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 80 cents at $76.19

Russia replaces Iraq as top oil supplier to India in Nov with 23% share

India's oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed

UK inflation falls from 41-yr high to 10.7% in Nov giving relief to BoE

British inflation fell more sharply than expected in November to 10.7% from October's 41-year high of 11.1%, according to official consumer prices data

Bludgeoned bond markets hope peak inflation to bring revival: Analysis

Many of the world's big bond fund managers are optimistic that sovereign debt markets have turned a corner after a rout in 2022 with peak inflation and interest rates finally in sight

China stops publishing asymptomatic Covid cases after ending mass testing

China recorded 7,679 new cases a day earlier -- 2,315 symptomatic and 5,364 asymptomatic infections

India's wheat stocks fall to 6-yr low in Dec as prices jump to record high

Wheat reserves in state stores totalled 19 million tonnes at the start of this month, down from 37.85 million tonnes on December 1 last year

China plans over $143 bn push to boost domestic chips, compete with US

Beijing plans to roll out one of its biggest fiscal incentive packages over five years, mainly as subsidies and tax credits to bolster semiconductor production

Indian state-run power companies close to buying Lanco asset for $365 mn

The state companies - Power Finance Corp Ltd (PFC), REC Ltd SJVN Ltd and Damodar Valley Corp (DVC) - aim to acquire the coal-fired power plant of Lanco Amarkantak in Chhattisgarh in central India

India's poultry industry seeks corn export curb to calm local prices

Domestic corn prices have surged, driven by high demand, increased exports and some damage to the crop following heavy post-monsoon rains

RBI removes informal restrictions on rupee NDF trades, says report

The central bank had in October informally communicated to banks to halt building new positions in the NDF market to manage the rupee's volatility

Tata Motors to hike commercial vehicle prices by up to 2% from January

Tata Motors Ltd said it would increase prices of its commercial vehicles by up to 2% from January to partly offset a steep rise in input costs

Reserve Bank of India removes informal NDF restrictions on banks: Report

India's central bank has lifted informal restrictions placed on banks for trading in the non-deliverable forward market (NDF)

Real rates turn positive as inflation eases; peak in sight: Report

India's real interest rate has turned positive after headline retail inflation eased below 6% for the first time this year, analysts said, suggesting that the peak policy rate is now close