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Jobs creation in South Asia lags population growth, says World Bank chief

"If only they can be employed. It's a fantastic opportunity to grow but until recently employment ratios have been falling," says Franziska Ohnsorge

Haldia Petchem planning $10 bn oil-to-chemical project in south India

The company wants to boost profits by locally producing specialty chemicals

New EV policy: No restrictions on imports from any country, including China

Last month, India announced lowering import taxes on certain electric vehicles produced by carmakers who commit to invest at least $500 million and start domestic manufacturing within 3 years

Oil gains on expectations for higher demand as Middle East concerns rise

Opec's output fell last month by 50,000 bpd, indicating the voluntary cuts are having some effect

Indian Oil Corp set to tap spot oil market as Russian term deal lapses

State-run IOC's term contract with Rosneft expired on March 31, two sources said

Potential Tesla buyers snub company as Musk's reputation dips: Survey

Market intelligence firm Caliber cited strong associations between Tesla's reputation and that of Musk for the scores

Smartphone giant Xiaomi's EV buyers face up to 7-month wait for car

On Sunday, co-founder and CEO Lei Jun, in a Weibo post said that it would open a second round of sales for the Founder's Edition, though he didn't specify the quantum

Microsoft to separate Teams, Office globally amid antitrust clampdown

The European Commission has been investigating Microsoft's tying of Office and Teams since a 2020 complaint by Salesforce-owned competing workspace messaging app Slack

India's hydropower output records steepest fall in nearly four decades

Renewables accounted for 11.7% of India's power output in the year that ended in March, down from 11.8% a year earlier

Israeli airstrike in Damascus kills top Iranian commander Zahedi: Report

A Lebanese security source, speaking to Reuters, said one of the dead was Mohammad Reza Zahedi, a senior commander in Iran's Revolutionary Guards Corps (IRGC)

RBI reverts to multiple price auctions for govt securities after 3 years

Under the multiple price auctions, buyers are allotted bonds at the price they bid at, while uniform pricing means bonds are sold at the cutoff level

Equity market returns to 'normalise' this fiscal year, says Canara Robeco

Canara Robeco Mutual Fund manages around 880 billion rupees ($10.55 billion) of Indian equities

Govt raises Rs 16,500 cr by selling stakes in companies in FY23-24

Prime Minister Narendra Modi's ambition of privatising state-run firms has taken a back seat due to general elections that start on April 19

China's factory activity expands at fastest pace in 13 months in March

Citi last week raised its forecast for China's 2024 growth to 5.0 per cent from 4.6 per cent, citing recent positive data and policy delivery

China's SAIC Motor aims to slash jobs at GM, VW ventures, and EV unit

The state-owned automaker hopes to cut 30 per cent of employees at SAIC-GM, 10 per cent at SAIC Volkswagen and more than half at its Rising Auto EV subsidiary, the people said

Ultra-orthodox need to join military to help economy: Israel's central bank

In its 2023 annual report, the central bank said Israel's war against Palestinian Islamist group Hamas in Gaza that began on October 7 had highlighted the personnel needs of the military

GDP set to grow at least 8% in Jan-March quarter: FM Nirmala Sitharaman

Country's economy is projected to grow at 7.6% in the current fiscal year to March 31, according to the latest government estimates

India's forex kitty rises by $139 mn to $642.63 billion: RBI data

Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund

US monthly inflation slows, consumer spending surges, reveals data

The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said

Musk's Grok-1.5 AI chatbot to be available on social network X next week

Musk said xAI would open-source Grok, days after the billionaire sued Microsoft-backed OpenAI for allegedly abandoning its original mission in favor of a for-profit model