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Reliance Industries buys 74% stake in Navi Mumbai IIA for $192 mn

NMIIA operates an industrial area located in Mumbai, India's financial hub and the capital of the western state of Maharashtra.

US lawmakers tell Apple, Google to remove TikTok from app stores on Jan 19

Apple, Alphabet and TikTok did not immediately comment. On Monday, ByteDance and TikTok made an emergency bid to temporarily block the law pending a review by the US Supreme Court

SEC extends deadline for Musk to respond to Twitter inquiry settlement

On Thursday, Musk tweeted a copy of a letter sent by his lawyer to the chair of the SEC saying agency staff had given him 48 hours to agree to pay a penalty or face charges

Trump advisers propose shrinking or scrapping key bank regulators

Advisers have asked the nominees under consideration for the FDIC, as well as the Office of the Comptroller of the Currency, if deposit insurance could be absorbed into the Treasury Department

Broadcom stock soars as company touts mega artificial intelligence demand

Big Tech's push to diversify beyond Nvidia's pricey and supply-constrained AI processors has been a windfall for Broadcom, which makes custom chips for major cloud companies

SEC 'reopens' investigation into Neuralink, says Elon Musk's lawyer

Musk has long sparred with SEC and last year four lawmakers asked to investigate whether Musk committed securities fraud by allegedly misleading investors about brain implant developed by Neuralink.

India's rice stocks reaches record high, boosting export potential

In the middle of overflowing grain bins, Indian farmers have gathered a record rice crop of 120 million tons from this year's summer season, which accounts for nearly 85 per cent of total rice output

Deception, despair marked Syrian Prez Assad's final hours before fleeing

Assad told his presidential office manager on Saturday when he finished work he was going home but instead headed to the airport, according to an aide in his inner circle

Kremlin praises Trump for criticising Ukraine's strikes in Russia

Trump criticised Ukraine's use of US-supplied missiles for attacks deep into Russia in a Time magazine interview published on Thursday, saying it was "crazy" because it escalated the war

Blackstone, Bain to bid for Mitsubishi pharma unit in up to $3.5 bn deal

Mitsubishi Chemical has hired Goldman Sachs to run the sale process and binding bids are due on Dec. 24, the sources said

Shale drilling techniques could lead to a geothermal surge, says IEA

Shale drilling techniques in question have also attracted opposition from environmental campaigners in the context of the oil and gas industry because of concerns over water pollution and earthquakes

UK economy shrinks in Oct, suffers first back-to-back declines since 2020

Gross domestic product shrank 0.1 per cent month-on-month in October, as it did in September, the Office for National Statistics said

Aviva's India executives approve brokerage model queried by tax officials

Indian tax officials have asked Aviva why it should not be penalised for the scheme in the period 2017 to 2023, which a confidential company document shows began in 2013

Worker shortages raise doubts over Britain's plan to build for growth

Britain has long lacked candidates to fill jobs, a problem made worse by the 2016 Brexit vote and Covid-19, with vacancies higher than their level before the pandemic

Russian forces seen advancing towards strategic city in Ukraine's east

Russia controls a chunk of Ukraine about the size of the American state of Virginia and is advancing at the fastest pace since the early days of the 2022 invasion, according to open source maps

Syrians in Germany show no rush to leave as their labour is in demands

Syrian employers, trade unions and business associations are now speaking up to stress how much they are needed in a German economy facing deep labour shortages

China's yuan eases after remarks at key economic meeting fail to inspire

China's 10-year and 30-year sovereign bond yields fell over 4 basis points each to record lows of 1.7650 per cent and 1.9950 per cent, respectively

Asian shares fall, long-dated Treasuries prepare for worst week in a year

It has been a week of rate cuts from Switzerland, Canada and the European Central Bank, which had rate differentials working in the favour of the US dollar

UK consumer confidence touches 4-month high in December: GfK survey

Monthly consumer confidence index from market research firm GfK rose to -17 in December from -18 in November, the highest reading since August

China leads global EV sales as it hits third consecutive record high

China continued to lead sales growth, accounting for almost 70 per cent of total EV sales in the month, while registrations in Europe showed a marginal decline