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Govt seeks exemption for sovereign funds from RBI's AIF rules: Official

The rules, tightened to prevent evergreening of loans, were partially eased later in March

India shuns China's calls to resume flights after 4 years, say officials

India-China relations have been tense since the biggest military confrontation in decades on their disputed Himalayan border

Brent oil futures stable above $85 a barrel ahead of US inventory data

Oil prices are likely to remain supported around current levels because of a growing geopolitical risk premium driven by conflict in the Middle East, said ActivTrades analyst Ricardo Evangelista

IHH, Sunway among bidders for Affinity's Malaysian hospital: Report

Private equity firms CVC Capital Partners and TPG Capital also submitted initial bids, one of the sources said

Biocon searches for partner to test generic Wegovy, Ozempic in China

Biocon's generics would join at least 15 other generics or biosimilars in development by Chinese drugmakers ahead of an expiry of patent protection on semaglutide

Monsoon advances, set to bring relief from heatwave in northern plains

The monsoon is expected to advance swiftly from next week and bring down temperatures in northern India

Swiss financial regulations not yet tough enough post-Credit Suisse: SNB

Credit Suisse roiled financial markets last year when it collapsed following a string of financial problems

Malaysian, Chinese firms ink deals worth $2.8 bn in potential investments

The agreements were made in conjunction with Chinese Premier Li Qiang's visit to the Southeast Asian country

EU electric car sales fall in May as German demand slumps, says industry

Overall new car sales in the bloc fell by 3 per cent in May from the same month in 2023, the second drop this year

Vedanta to raise $120 million by issuing non-convertible debentures

In the past two months, Vedanta's board has already approved raising up to $300 mn through debentures

Vaccine group Gavi seeks $11.9 bn to immunise world's poorest children

The amount will be finalised at a meeting on Thursday in Paris, where donors will make pledges for the organisation's plan for 2026-2030

Nippon-US Steel deal may hike decarbonisation costs, say shareholders

Nippon Steel, the world's fourth biggest steelmaker, last year announced a $15 billion takeover offer for US Steel

Govt bond yields to remain rangebound as traders watch US yields, RBI cues

India's benchmark 10-year yield is likely to move in a 6.95 per cent-6.99 per cent range

Asian stocks hold on to gains; BoE in focus ahead of rate decision meeting

Apart from the BoE, investors will also watch out for central bank decisions from Switzerland and Norway on Thursday to set the tone for global rates outlook

Global fossil fuel use, emissions hit records in 2023, says report

Overall global primary energy consumption hit an all-time high of 620 Exajoules (EJ), the report said

Job creation is India's top economic challenge, policy experts say: Poll

An overwhelming 91 per cent majority of development economists and policy experts, 49 of 54, said unemployment would be the biggest economic challenge for the government's term

India's economic inequality to persist despite roaring GDP growth: Poll

Inequality is not something that will go away on its own ... it needs proactive government interventions

Why has a visit by US lawmakers to India upset China? All you need to know

The meeting annoyed Beijing, which urged the United States on Tuesday to "fully recognise the anti-China and separatist nature of the Dalai clique"

Bank of England to keep rates at 16-year high of 5.25% before UK election

Last month the central bank forecast inflation would rise to around 2.6 per cent by the end of the year

UK takes top spot in Europe, Israel for GenAI startups, says Accel

Accel analysed 221 GenAI startups and found that 30 per cent were founded in the UK, 14 per cent in Germany, and 13 per cent in Israel