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S&P Global downgrades multiple US banks on growing liquidity worries

Borrowing costs globally have also surged, with the US Treasury yields hitting their highest in 16 years as the bond market rout entered its sixth week on Tuesday

July Russian oil imports dip; Saudi import down to 2-1/2-yr low: Trade data

India's overall imports also declined 5.2% from June to 4.4 million bpd oil in July, the data showed, as several refining plants are shut for maintenance during monsoon season

Pilots to unite to raise fatigue woes after colleague's pre-flight death

IndiGo, which operates 1,900 flights a day, said it has a comprehensive fatigue management system which tracks various parameters in line with international best practices

Stationery maker Doms files draft papers for $145 mn IPO with Sebi

Milan-listed FILA Fabbrica Italiana Lapis ed Affini SpA, which holds a 51% stake in the company, is selling shares worth Rs 800 cr

India not planning to restrict parboiled rice exports, clarifies food secy

Currently, there are no restrictions on the exports of parboiled rice, which constitutes nearly a third of India's total rice exports

Inflation pressures warrant government, central bank vigilance: FinMin

The ministry's comments come weeks after data showed retail inflation in July rose to its highest in 15 months, as vegetable and cereals prices skyrocketed

Explainer: Why are space agencies racing to the moon's south pole?

Here's what's known about the presence of frozen water on the moon - and why space agencies and private companies see it as a key to a moon colony, lunar mining and potential missions to Mars

North Korea signals reopening with first passenger flight in three years

Cargo train and ship traffic has slowly increased over the past year, but North Korea has only just begun to allow some international passenger travel

Banking system's liquidity slips into deficit for first time in FY24

Banking system liquidity stood at a deficit or 236 billion rupees ($2.84 billion) as of Aug. 21, according to RBI data

Subway nears $9.6 billion sale to Arby's owner Roark Capital: Report

A deal could be finalized this week, the report said, citing people familiar with the matter

Bloomberg LP names product head Vlad Kliatchko as new CEO: Report

JP Zammitt will become president and Patti Roskill will be the chief financial officer, the memo said, adding that the company will form a new board

Birics' development bank aims to issue first Indian rupee bond by October

The New Development Bank (NDB) issued its first rand bond in South Africa last week and could consider local currency issuance in members Brazil, Russia and United Arab Emirates

Global equities rise as traders await US Fed meeting, eye earnings

Wall Street opened higher. The S&P 500 gained 4.92 points, or 0.11%, to 4,374.63 and the gained 85.91 points, or 0.65%, to 13,376.69 by 10:56 a.m. ET (1456 GMT)

Citi mulls plan to split institutional clients group in overhaul: Report

The plan would split the Institutional Clients Group into its three primary business segments: investment and corporate banking, global markets and transaction services, the FT report said

Moon landing anticipation builds for Chandyayaan-3 after Russia's crash

All systems on the spacecraft are working "perfectly" and no contingencies are anticipated on the landing day, the Isro said on Monday

RBI nudges local banks to settle UAE trades in rupee, dirham: Report

India's trade deficit with the UAE was $21.62 billion in 2022/23, or 8.2% of its total deficit, government data shows. In July, the two countries agreed to facilitate trade in rupees instead of dollar

China's Honor stages India return with local mfg plans in early 2024

Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget and less prudent portfolio management

ONGC Videsh secures three-year extension to explore South China Sea

India has sparred diplomatically with China in the past over its gas and oil exploration block off the coast of Vietnam.

GQG Partners acquires 0.1% stake in Adani Ports, total holding now at 5.03%

The investment comes after Deloitte quit as auditor for Adani Ports, in the first such move after U.S. short-seller Hindenburg Research's critical report on the Adani group

Tata Group owned Titan Co to pay $560 million to raise stake in CaratLane

Titan has entered into a share purchase agreement to acquire all of the 91,90,327 equity shares held by the founder of CaratLane Trading Private Limited and his family members