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GIC, ESR Group set up $600 mn India JV to buy industrial, logistics assets

The new JV, in which GIC is an 80% owner, is an extension of an existing partnership between the entities in the country.

Banks' reliance on deposits increases amid strong credit growth

Banks have raised over 3.51 trillion Indian rupees($42.41 billion) through certificate of deposits (CDs)in April-October, 22% higher than the 2.87 trillion rupees raised in 2021-2022

Growth in India's services sector quickens in Oct, PMI edges up to 55.1

The rate of inflation outpaced its long-run average, suggesting no respite from higher cost pressures in Asia's third-largest economy

Asian shares slip after US Fed flags higher peak for interest rates

Investors were initially cheered that the Fed at least opened the door to a slowdown in the pace of hikes after raising interest rates 75 basis points to 3.75-4.0%

Rupee likely to weaken after US Fed's Powell hints at higher peak rate

The rupee is expected to open at around 82.85-82.90 to the dollar, compared with 82.7800 in the previous session.

Oil prices slip as dollar firms, but supply worries check losses

Brent crude shed 44 cents, or 0.5%, to $95.72 a barrel at 0146 GMT, while US West Texas Intermediate (WTI) crude futures retreated 59 cents, or 0.7%, to $89.41

Dollar gains as traders gird for higher US Fed rates, focus on jobs data

The dollar hit a week-high of $0.9810 per euro in early Asia trade and is eying its best week in more than a month

S&P cuts Credit Suisse's rating to one level above junk bond status

S&P cut its rating one notch to BBB- and reduced its view on main operating unit Credit Suisse AG

Treasury Bill yields at multi-year high on near-term liquidity fears

Yields across both securities rose 7-8 basis points over the previous week's auction

Oil prices rise before expected Fed rate hike as US crude stocks drop

Oil prices rose on Wednesday before an expected rate hike by the Federal Reserve, supported by another decline in US oil inventories as refineries picked up activity ahead of the winter heating seas

Barclays builds up Asia business, sees growth in India, Australia

The British lender has been re-building its Asian business after a global restructuring in 2016

CVS Health, Walmart, Walgreens to pay $13.8 bn in Opioid painkillers case

This resolves thousands of US state, local and tribal govt lawsuits accusing them of mishandling opioid painkillers

Stellar quarter for Tinder parent as more people pay to find right match

Match Group topped quarterly revenue estimates as more users looking for matches and connections took paid subscriptions on dating app Tinder, sending the company's shares up 16 per cent

Hate content on Twitter surges, more top-management executives quit

The departures come as hateful content skyrocketed since Musk closed the deal

Jindal Stainless Q2 results: Profit more than halves; revenue up 11.5%

While input costs fell 3% as raw material prices cooled off from their peak, power and fuel costs surged about 35%

Dollar falls as investors await US Fed policy decision, yen and real gain

Against the weakening dollar, the euro and sterling edged up to $0.9890 and $1.1502, respectively

Caution creeps into world stocks as US Fed gets ready to hike big again

US stock futures, which provide an indication of how Wall Street will open, also lost some of their strength and were mixed

Oil prices slip ahead of US Fed meeting, crude stockpiles seen falling

At the same time, gasoline inventories fell 2.6 million barrels, more than expected. Official data is due at 1430 GMT.

Mahindra Holidays Q2 profit down 31% on higher expenses, fall in revenue

Total expenses rose to 5.75 billion rupees from Rs 5.15 billion

Oil prices increase on demand hopes after US crude stocks drawdown

The potential disruption from the European Union embargo on Russian oil that is set to start on December 5 may also be pushing prices higher.