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M&M in talks to raise up to $500 mn for EV push, says report

Mahindra is in early talks with global green funds and private equity firms, says a source with direct knowledge of the matter

Gold prices pare losses as dollar pulls back; hawkish Fed weighs

Spot gold was down 0.2% at $1,670.40 per ounce by 0926 GMT, after dropping as much as 1% in the Asia session.

Tesla recalls nearly 1.1 mn US vehicles to update window reversing software

Tesla said it was not aware of any warranty claims, field reports, crashes, injuries, or deaths related to the recall

WhatsApp Pay India head Manesh Mahatme quits, joins Amazon: Report

Mahatme's exit comes at a critical time for Whatsapp, which is seeking to ramp up its payments service in a highly competitive market

Accenture sees Q1 revenue below estimates on IT spending cut, higher USD

Foreign exchange headwinds have intensified since Accenture's third-quarter results, with the US dollar at a two-decade high against a basket of currencies

Credit Suisse considers splitting investment bank in three: Report

Under proposals to the board, the bank is looking to sell profitable units such as its securitised products business to prevent a damaging capital raise, the report said

Rupee hits new low against US dollar as Asian peers tumble on Fed rate view

The rupee closed at a record low of 80.86 to the dollar, down from 79.9750 in the previous session

New York retains top position, Moscow sinks in financial centres ranking

New York remains the world's most favoured financial centre, with London still second and Singapore overtaking Hong Kong to come in third, latest rankings from the Global Financial Centre showed

Dollar hits new 24-year peak to yen as Bank of Japan stays dovish

The US dollar surged to a new 24-year high against the yen after the Bank of Japan stuck to ultra-easing stimulus

Retail inflation in Sept to rise to five-month high at 7.4%: Deutsche Bank

India's headline retail inflation is expected to rise to a five-month high of 7.4% in September, with the risk of going higher if the momentum of food and vegetable prices picks up further in the rest

Amid Fed rate hike Centre not averse to weaker rupee vs US dollar: Report

The comments come against the backdrop of aggressive rate hikes from the US Federal Reserve, which raised rates by 75 basis points overnight, vowing to battle to beat down inflation.

Indian rupee tipped to fall further after reaching record low: Analysts

The Indian rupee is likely to fall further after hitting a record low to the dollar on Thursday as the U.S. Federal Reserve hinted at more aggressive rate hikes to tame inflation

Dollar towering, Asian stocks cowering as Fed interest rates jump higher

The dollar surged to a fresh two-decade high and Asian stocks hit a two-year low on Thursday as the prospect of U.S. interest rates rising further and faster than expected spooked investors

India's palm oil imports to jump 9% on rising demand, lower prices

Higher palm oil imports would lift India's total edible oil imports to 14.1 million tonnes in 2022/23 from 13.8 million tonnes, the survey showed

Banking system liquidity may remain in deficit in second half: Analysts

Liquidity in India's banking system is likely to remain in deficit in the second half of this financial year as credit growth picks up and the circulation of currency notes rises, analysts said

UK unveils $45-billion energy bill bailout for businesses in Europe

"We'll ensure the most vulnerable businesses continue to be supported after that," said British PM Liz Truss

Germany takes over Uniper for $8 billion amid Europe's energy crisis

Germany also took control of a Russian-owned oil refinery, which supplies 90% of capital's fuel, putting a Rosneft unit under the trusteeship of industry regulator and taking over Schwedt plant

Meta aims to cut costs by at least 10% within next few months: Report

The company's business has taken a hit in recent months as recession fears and competitive pressures hit digital ads sales

Trump, adult children sued by New York attorney general for fraud

The lawsuit, filed in a New York state court in Manhattan, accused the Trump Organization of wrongdoing in preparing Trump's annual statements of financial condition from 2011 to 2021

US bank CEOs grilled by Congress over economy, consumer protections, Russia

JPMorgan Chase's Jamie Dimon said consumers continued to be in 'rather good shape', but there is a chance of a mild recession which could be worse depending on the course of Russia's war in Ukraine