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Govt proposes guidelines to combat fake online reviews and ratings

Some companies have been criticised by consumers and industry experts for downplaying negative reviews, or accepting fake ratings, making the vetting process difficult for buyers

Oil dives, hits 10-month low on reports of OPEC+ considering output boost

Oil prices fell to their lowest since early January, after the Wall Street Journal reported that Saudi Arabia and other OPEC oil producers are considering a half-million barrel daily output increase

Jindal Steel & Power wins bid to build Botswana's 300-MW coal power plant

State owned Morupule Coal Mine and Minergy's Masama are the country's only operating coal mines

Discounts lift Russia's fertiliser exports, becomes top supplier to India

The surge in Russian supplies halved China's exports to India to 1.78 million tonnes in the first half of 2022/23

Oil prices ease to trade near 2-month lows on China demand fears

Brent crude futures for January had slipped 65 cents, or 0.7%, to $86.97 a barrel by 1000 GMT

US dollar rises as China's Covid-19 worries spur safe-haven buying

The dollar was up 0.5% against Japan's yen at 141.07, its highest since Nov. 11. Meanwhile the euro was 0.62% lower against the greenback at $1.026

Rise in Indian corporate lending to locals signals new investment cycle

That international slowdown will limit the strength of the new Indian cycle, economists say.

Sovereign investors favour US, India as top 2022 investment markets: Study

Among developing nations, India has overtaken China as the most popular emerging market, having climbed to No. 2 in 2022 from No. 9 in 2014.

At least 5 dead, 18 hurt in shooting at gay nightclub in Colorado; 1 held

A suspect was in custody and was being treated for injuries after the attack at Club Q, Colorado Springs police Lieutenant Pamela Castro told a news conference

Ukraine nuclear power plant shelled; it risks major disaster, says IAEA

More than a dozen blasts shook Europe's biggest N-power plant

COP27 climate deal hurtle towards overtime, countries mull EU offer of fund

27-country EU said it would back one of the toughest agenda items financing for countries wracked by climate-fuelled disasters

Jaguar Land Rover looks to hire laid off tech workers, says report

The carmaker on Friday announced a jobs portal for displaced tech workers to fill 800 roles

Euro zone banks return nearly $308 billion in cheap ECB funding

The move is part of ECB efforts to fight record-high inflation in the euro zone by raising the cost of credit and it is its first step towards mopping up even more liquidity

Gold prices fall on US Fed rate hike prospects, bound for weekly dip

Markets currently see an 87% chance of a 50-basis point hike at the Fed's December meeting

India's forex reserves rise at fastest pace since August 2021: RBI data

For the current week, the local currency gave back some of those gains to end down 1.1% at 81.6850 per dollar

Banks' loans rose 17% Y-o-Y in two weeks to Nov 4, deposits up 8.2%: RBI

Bank deposits rose Rs 1.69 trillion to Rs 173.70 trillion in the two weeks to Nov 4

Axis Bank bets on MSMEs, working capital loans to boost credit growth

The lender is seeing demand for capex growth, apart from working capital, an indicator that investments are picking up

Govt had no outstanding loans from RBI in Nov 11 week: Supplement release

The central government had no outstanding loans in the week earlier as well

RBI sold net $10.36 bn in spot foreign exchange market in Sept: Bulletin

The RBI said it bought $23.27 billion and sold $33.62 billion in the spot market

Tesla recalls about 30,000 Model X cars over front passenger airbag issue

The problem will be fixed through an over-the-air software update, the company said