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G20 finance leaders eye regional 'conflicts' in tight draft communique

"Risks to the global economic outlook are more balanced," with faster-than-expected disinflation and more growth-friendly fiscal consolidation underpinning growth, the draft said

RBI tweaks rules to standardise filing of supervisory returns by banks

Previously, banks had to submit all audited returns to the RBI within seven days from the date of the completion of statutory audit of books of accounts

Logistics firm Shadowfax raises $100 million in TPG-led funding round

The company declined to disclose the valuation at which it raised the funds. It was last valued at $632 million, as of April 2022, per data from investment tracker Tracxn

India to have largest R&D presence outside US by 2025: Bristol Myers CEO

Bristol Myers also operates a research and development centre in Bengaluru in partnership with the Biocon Group's Syngene International

Govt to conduct another household survey before changing CPI: Report

The findings could lead to a decrease in the weighting of food in the CPI, which is used by the central bank to frame monetary policy

'Thermal coal imports falling first time since pandemic on domestic output'

Lower Indian appetite for imports could further pressure prices, even as miners grapple with a 70% plunge from record highs that followed Russia's invasion of Ukraine in 2022

Vietnam imports husked brown rice from India for re-exports: Reports

Vietnam, the world's third biggest rice exporter, has imported at least 200,000 metric tons of husked brown rice from India between December and February, the sources said

Puma expects weaker first half due to 'challenging' market conditions

Sportswear companies including Adidas, Nike, and Puma, have seen demand weaken as customers battling with inflation cut spending on non-essential goods

Sebi asks small, mid-cap funds to disclose more information about risks

Heavy inflows have sent the Nifty small cap 250 index surging 71% over the past 52 weeks and lifted the Nifty mid cap 100 index 64%. That far exceeds the benchmark Nifty's 28% rise

Volkswagen Group's Skoda eyes larger share in India with new small SUV

Volkswagen and Skoda, which form the bulk of sales for the Volkswagen Group, have a 2.2% market share in India

McDonald's case: Maharashtra to inspect outlets of global fast-food chains

The McDonald's franchisee disagreed with the findings, but in December it dropped the word "cheese" from the names of many burgers and nuggets it sells statewide, letters seen by Reuters show.

Adani Green Energy to raise $409 million via US dollar-denominated bonds

Since then, most of the group's foreign bonds are back above the levels they traded at before the Hindenburg report, giving the company comfort to look at a fresh issue of dollar bonds

India to have largest R&D presence outside US by 2025: Bristol Myers CEO

Bristol Myers also operates a research and development centre in Bengaluru in partnership with the Biocon Group's Syngene International

Russia announces six-month ban on gasoline exports from March 1

This time, the ban will not extend to member states of the Eurasian Economic Union, Mongolia, Uzbekistan and two Russian-backed breakaway regions of Georgia - South Ossetia and Abkhazia

47 Chinese companies cancel IPO plans as watchdog tightens listing rules

"Under high-pressure regulation, the number of IPO (initial public offering) withdrawals reached a new high," securities broker Shenwan Hongyuan said in a note

Meta will set up team to counter misinformation, AI abuse in EU elections

European Parliament elections will take place June 6-9. Its 720 lawmakers, together with EU governments, pass new EU policies and laws

EU council adopts euro instant payments rules to take on Visa, Mastercard

The Council added that the new rule would factor in countries outside of the euro-zone economic bloc

EU carbon border tax will do little to cut emissions, says ADB report

It was designed to level the playing field and make foreign suppliers pay the same carbon price as domestic ones, even if they are not subject to an ETS or carbon tax at home

US new home sales rise 1.5% in January, less than expected: Report

Large parts of the country experienced freezing temperatures in January, which could have kept some potential buyers home

Google plans to relaunch Gemini AI image creation tool in few weeks

Bard was renamed Gemini earlier this month and Google rolled out paid subscription plans, which users could choose for better reasoning capabilities from the AI model