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India approves investments worth $1.79 billion from its neighbours

India said on Wednesday it had approved foreign investment worth $1.79 billion from neighbouring states, in its first statement since tightening controls after tensions with China in 2020.

India acts to seize gap in wheat export market left by Ukraine war

India is rolling out ambitious measures over the coming weeks to try to establish the country as a dominant exporter of high-quality wheat as importers scramble for supplies after Ukraine invasion

European Union hikes tariffs on India, Indonesia stainless steel makers

The European Union has determined that imports of cold-rolled flat stainless steel products from India and Indonesia benefit from unfair subsidies and imposed tariffs

Russia and Ukraine both play up compromise as peace talks set to resume

About 20,000 flee Mariupol in private cars while hundreds of thousands still trapped in city; Ukraine president says peace talks more 'realistic'

Future Retail says will act to reverse store takeovers by Reliance

Since the last week of February 2022, Reliance Group has unilaterally terminated the leases and forcefully taken over control of hundreds of Future Retail's stores, said FRL on Wednesday

BPCL delays 25-day crude unit maintenance shutdown to May: Report

BPCL has deferred a maintenance shutdown of a crude unit at a 240,000 barrels per day Mumbai refinery to May as its seeks to gain from strong fuel cracks

Gold prices steady as dollar dip counters Fed rate hike expectations

By Bharat Gautam

Oil price rises back above $100, Russia-Ukraine talks limit gain

Brent crude rose $2.55, or 2.6%, to $102.46 a barrel by 0923 GMT. U.S. West Texas Intermediate (WTI) crude added $1.34, or 1.4%, to $97.78 a barrel.

Global stocks recover on Ukraine talks, Fed hopes buoy US yields

Investors are expecting the U.S. Federal Reserve to raise interest rates by at least 25 basis points amid surging prices later on Wednesday.

Amazon's battle with Reliance for India retail supremacy: 5 things to know

Amazon and Future agreed to out-of-court settlement discussions this month, but the two sides told India's Supreme Court on March 15 they had failed to resolve the matter

IEA says 3 million bpd of Russian oil, products could be shut in next month

By Noah Browning

Alibaba, Tencent preparing to cut tens of thousands of jobs this yr: Rpts

The job cuts at the two companies would be their first major layoffs since Chinese regulators launched an unprecedented campaign a year-and-a-half ago to rein in its internet giants

India's gasoil, gasoline sales top pre-Covid level on price hike fears

India's gasoline and gasoil sales rose above pre-Covid levels of 2019 in the first half of March, preliminary data released on Wednesday showed

Iran raises April crude prices by $2.05 a barrel for Asian buyers: Report

Iran has set official selling price of its Iranian Light grade for its Asian buyers at $4.70 a barrel above the Oman/Dubai average for April, up $2.05 from the previous month, an industry source said

China share surge boosts Asian equity gauges ahead of Fed rate hike

An afternoon surge in Chinese equities lifted a broad gauge of Asian shares on Wednesday on rising hopes Beijing will roll out more economic stimulus

India boosts fertiliser imports from Canada, Israel as Russian supply hit

India is boosting fertiliser imports from nations including Canada and Israel to ensure sufficient supplies for the coming summer sowing season

Dollar near 5-year peak to yen before Fed; Aussie weak amid China risks

The dollar traded near a five-year high against the yen on Wednesday as investors awaited a Federal Reserve policy decision, with the Ukraine war and China's surging Covid-19 cases as the backdrop

Oil prices climb as Russia-Ukraine ceasefire talks stoke volatile trading

Oil prices rose early on Wednesday, bouncing back after earlier falling more than $1 a barrel, as Russia's invasion of Ukraine continues to dominate volatile trading

Oil price benchmarks fall below $100, first time in almost 3 weeks

Oil prices tumbled more than 6% on Tuesday to their lowest in almost 3 weeks, as Iran nuclear deal hopes rise and growing outbreaks in China make traders worry

India's sugar exports seen rising to 7.5 million tonnes in 2021-22

Indian sugar production was expected to climb to 33.3 million tonnes in the 2021/22 season, up from the prior season's 31.2 million: Director General of the Indian Sugar Mills Association