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Three NBFCs looking to raise funds through dollar bond issue, say bankers

Manappuram Finance, Muthoot Finance and state-run REC are aiming to issue benchmark-sized bonds, which means the issuance will be around $500 million each, the three bankers said

Foreign exchange reserves drop to six-week low at $640.33 billion

For the week to which the foreign exchange data pertains, the rupee had fallen to a lifetime low of 83.5750 to the dollar but logged marginal weekly losses

RBI releases draft guidelines for web aggregators of loan products

While LSP can adopt any mechanism to ascertain the willingness of the lenders to offer a loan, the RBI said it should follow a "consistent approach" that must be disclosed suitably on their website

Vietnam Parl chief Hue quits over violations in latest leadership upheaval

The statement said his resignation had been accepted and would be removed from the Central Committee and the powerful Politburo. It did not specify what the violations were

SBI Life Insurance Q4 results: PAT rises 4.4% to Rs 811 cr, VNB up 9%

The value of new business (VNB) - the expected profit from new policies - rose 9.5% to 55.50 billion rupees ($666.1 million). The VNB margin contracted to 28.1% from 30.1% a year earlier

India receives oil cargo in Russian SCF tanker after brief halt: Report

The SCF Baltica, carrying 90,000 metric tons of fuel oil for Reliance Industries was expected to leave the port later on Friday after full discharge, source said

Russian central bank holds interest rates at 16%, raises inflation forecast

The decision was in line with a Reuters poll of economists, which had forecast that the persistence of inflation, fanned by strong consumer demand and widespread labour shortages

India expects annual power output to grow at fastest in over a decade

India's weather office has forecast more heat-wave days than normal between April and June this year, potentially boosting power use and generation further

Sri Lanka approves IMF-backed law to seize any proceeds from crimes

The Proceeds of Crime Act (POCA) will allow for the judicial freezing and forfeiture of proceeds of crime and establishes a new authority to manage such seized assets

Japan's yen hits fresh 34-year low after BOJ holds interest rates

The yen also nudged down to its weakest almost 16 years at 167.38 per euro and its weakest in nearly a decade on the Australian dollar

Asia stocks rise, yen slips as BOJ maintains accommodative monetary policy

Nasdaq futures advanced more than 1%, while S&P 500 futures rose 0.85%

Tesla's plan for affordable cars follows playbook of its Detroit rivals

Tesla said the change would allow the company to launch low-cost vehicles swiftly but would result in smaller cost reduction than had been expected and modest volume growth

Rice prices at three-month low on shrinking demand, ample supplies

Vietnam's markets will be closed from Monday through Wednesday for national holidays

Blinken to meet Chinese counterpart in Beijing, discuss complex issues

Taiwan and the disputed South China Sea remain flashpoints, while the US is eager to see more progress on the curbing of China's supply of the chemicals to used to make fentanyl

Trump compares Israel's college protests to 2017 white nationalist rally

Trump, the Republican candidate for president in the November elections, also sought to place blame for the campus protests on Democratic President Joe Biden

Global economy to continue solid momentum for rest of the year: Survey

A 60% majority of economists, 98 of 162, said the global economy this year was more likely to grow faster than they expected than undercut their predictions

Global wine demand drops to 27-year low as prices hit record high

The fall in demand last year was particularly big in China, estimated at minus 25%

Russia reinsurer backs firms to get India marine insurance permit

India has approved the three new insurers after Russian National Reinsurance Company (RNRC) provided a financial guarantee, the two sources with direct knowledge of matter said

Dow sees quarterly sales below estimates over weak consumer durables demand

Retail sales in Germany, Europe's largest economy, fell unexpectedly in February, while the continent's manufacturing activity continued its decline during the first quarter

GlaxoSmithKline sues Pfizer, BioNTech over Covid-19 vaccine technology

GSK said in the lawsuit that Pfizer and BioNTech's Comirnaty vaccines violate the company's patent rights in mRNA-vaccine innovations developed "more than a decade before" the outbreak of COVID-19