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India spends record $55.7 billion on gold imports in 2021: Report

The 2021 gold import bill easily doubled the $22 billion spent in 2020, and surpassed the previous high, set in 2011, of $53.9 billion, according to an official

Musk-backed Starlink to refund pre-orders in India after govt order

Starlink, a division of Musk's SpaceX aerospace company, has already received over 5,000 pre-orders for its devices in India but is struggling to receive commercial licences

Dollar jumps to five-year high versus yen; rupee slides 30 paise

The dollar index rose 0.009 per cent, with the euro up 0.03 per cent to $1.1297

Foxconn India iPhone plant unlikely to reopen until Jan 7: Govt official

The Foxconn plant, located in the southern state of Tamil Nadu, was closed on Dec. 18, following protests over 250 of its workers being treated for food poisoning

Apple breaches $3 trillion market value again before slipping

Apple accounts for nearly 7% of S&P 500 index's value

Covid: WHO sees more evidence that Omicron causes milder symptoms

WHO sees some 'decoupling' of Covid cases and deaths; raising global vaccine rates will reduce Omicron's impact, says WHO

How Tesla weathered global supply chain issues that knocked rivals

Tesla boosted its deliveries by 87% to a record high in 2021, pushing up its shares up over 13% on Monday

Gold firms above $1800 per ounce as pandemic, inflation risks linger

Spot gold rose 0.2% to $1,804.89 per ounce by 1110 GMT, after recording its worst session in more than a month on Monday. U.S. gold futures rose 0.3% to $1,805.3

Dr Reddy's to launch Molflu at Rs 35 per capsule for Covid treatment

The overall cost for a patient treated with a 5-day course of 40 capsules of the generic drug, to be sold under brand name 'Molflu', will come up to Rs 1,400

Colgate in talks with India sales agents after disruption threats

Last week, a group of distributors said they will stop some Colgate products from Jan. 1 in western Maharashtra state, the richest and one of the most populous in India

Axis Bank concludes structured derivative deals as RBI ban lifts

Axis Bank said first of these transactions was executed with Reliance Industries which involved the use of Barrier FX options for their currency risk management

Wall Street downplays Covid, inflation worries in wishful start to 2022

The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&P 500 gained 30.38 points, or 0.64%, to 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, to 15,832.80

'Return our money!': Investors protest at office of China's Evergrande

Investors in financial products issued by China Evergrande Group protested outside the cash-strapped company's offices in Guangzhou

Chinese city Xian vows strict Covid restrictions even as cases decline

Xian, a Chinese city almost two weeks into a lockdown, is demanding officials "strictly and properly" implement Covid-19 curbs

Japan's Kishida lays out new contingency plan against Omicron risk

Japan will gear up efforts to deal with a possible surge in Omicron coronavirus cases and aim to deliver oral treatment using Pfizer Inc's drugs nationwide next month

Oil prices steady ahead of OPEC+ meeting to decide output policy

Brent crude futures gained 1 cent to $78.99 a barrel at 0239 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $76.06 a barrel.

Indonesia warns coal supply crunch not over as China prices rally

Indonesia has warned that its coal supply situation remains critical, ahead of Wednesday's review of its export ban

China to order cybersecurity reviews for firms seeking overseas listings

Companies will not be allowed to list abroad if the review finds that national security could be impacted, the regulator said in a statement on its official WeChat account

Asia's factory activity grows in Dec as firms take Omicron risks in stride

For now, the direct hit from Omicron on output appeared subdued, according to surveys released on Monday and Tuesday.

Australia regulator to review price hike in Covid-19 antigen tests

Australia's antitrust regulator said it has contacted suppliers of Covid-19 rapid antigen test kits to examine pricing pressures in the market