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SpiceJet gives lessors shares to clear $28 million outstanding dues

The carrier's shareholders had on Thursday passed a number of resolutions, including a 25 billion rupees fundraise and a preferential issue of shares to lessors to clear outstanding dues

Paytm launches $12 'soundbox' that accepts card payments across networks

Indian fintech firm Paytm on Monday launched a 'soundbox' device that lets merchants accept both mobile and card payments across networks including Visa, Mastercard, American Express

Volkswagen in 'advanced talks' with Mahindra on MEB platform for EVs

Mahindra wants to use central MEB components such as the e-drive and unit cells for its models, said Volkswagen in a statement

Centre monitoring steel import situation as China shipments touch 5-yr high

India is monitoring the import situation on steel after shipments from China touched a five-year high in the first four months

Palm oil buying lifts India's August edible oil imports to record: Dealers

Palm oil imports increased from 1.09 million tons in July to 1.12 million tons in August, the highest in nine months, according to average estimates from the dealers

Reliance Jio seeks up to $2 billion in offshore loans to fund 5G plan

The report neither mentioned the individual amounts that Jio will pay back to Ericsson, BNP and other entities in the loan deal nor clarified whether BNP was acting on behalf of a consortium

Underpaying workers in Australia may soon attract 10-year jail term

Workplace Minister Tony Burke said on Sunday he would introduce the bill making it a criminal offence to deliberately underpay workers

Jet Airways founder Naresh Goyal to remain in custody till Sept 11

The case relates to an alleged 5.38 billion Indian rupees ($65.06 million) bank fraud case filed by state lender Canara Bank

Huawei, Alibaba among companies seeking Chinese deepfake approvals

Five Chinese tech firms, including Baidu Inc and SenseTime Group, on Thursday launched AI chatbots to the public after receiving government approval

Saudi Arabia's Aramco considers selling $50 billion in shares: Report

Saudi Aramco is the world's biggest oil company, with a market value of $2.25 trillion

US Federal Reserve likely done with rate hikes as job market cools

Futures that settle to the Fed's policy rate had already priced in only a slight chance of a rate hike this month

Hong Kong locks down, stock market shut as city braces for typhoon Saola

China's central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for first time this year

Reliance Retail Ventures in talks with investors to raise another $2.5 bn

According to a Reuters report, the company intends to raise $2.5 billion, which is part of a combined target of $3.5 billion, and plans to complete this exercise by the end of the quarter

Canada tries to address news law concerns, Facebook not convinced

Both Google and Facebook have said the law is unworkable for their businesses, and Meta ended news sharing on its platforms in Canada last month

India's rice planting grows on higher prices, cotton sowing lags

Higher rice planting could alleviate supply concerns in the world's second-biggest producer and consumer of the grain

Foreign exchange reserves remain largely flat at $594.86 bn as of Aug 25

Forex reserves fell by a marginal $30 million for the week, compared to a $7.27 billion drop in the week ended Aug. 18, the data showed

Crude oil prices rises to highest in over 7 months on supply worries

Russia, the world's second-largest oil exporter, has already agreed with OPEC+ partners to cut oil exports next month, Deputy Prime Minister Alexander Novak said

Govt invites bids for asset valuer for IDBI Bank to sell majority stake

The Indian government has invited bids to appoint an asset valuer for IDBI Bank as it seeks to sell a majority stake of the lender

Indian automakers post rise in August sales ahead of festive season

In the passenger vehicles (PV) category, sales for Maruti Suzuki and Mahindra and Mahindra grew 16.4% and 25%, respectively, for the month compared to a year earlier

US job growth picks up more than expected in August; wages gains slow

The economy needs to create roughly 100,000 jobs per month to keep up with the increase in the working-age population