Page 782 - Reuters

Govt to allow consortium of foreign funds to own over 51% in IDBI Bank

The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a government clarification on Tuesday

Dollar holds firm on account of upbeat US data, RBA rate rise lifts Aussie

The U.S. dollar index, which measures the currency against six major peers, was at 105.24, steady after Monday's 0.7% rally, its biggest since Nov. 21

India's palm oil imports jumed 29% to 1.14 million tonnes in Nov: Report

Higher imports by India, the world's biggest palm oil buyer, would help top producer Indonesia cut its inventories and support benchmark Malaysian palm oil prices

Foreign equity funds pile into Indian financials as credit cycle picks up

Indian shares are trading at a record-high valuation premium to their Asian counterparts, BNP Paribas said

Asian equities witness highest monthly foreign inflows in two years

Expectations that China would gradually loosen its zero-Covid policy and open up its economy also lifted sentiment

India's benchmark bond yield seen at 7.5%, rupee at 84 by March: UBS

India's benchmark 10-year bond yields are expected to rise on the back of higher government borrowings, while the rupee could see steep depreciation by end of this financial year

Investors look to emerging markets as US dollar tumbles: Analysis

As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback

Global renewables capacity set to double over next five years, says IEA

In an annual report on the outlook for renewables, the IEA said capacity worldwide is expected to grow by 2,400 gigawatts (GW) - equal to the entire power capacity of China today - to 5,640 GW by 2027

Apple explores shifting some iPad production from China to India: Report

India is exploring options to bring some of Apple Inc's iPad production to the country from China, CNBC reported on Monday, citing two sources close to the Indian government

Gold regains some ground as US dollar dips; spot silver climbs 1.2%

Spot gold was up 0.4 per cent at $1,775.69 per ounce

Oil prices rise today after price cap on Russian crude, OPEC+ meeting

Oil prices edged higher after a G7 price cap on Russian seaborne oil came into force on Monday on top of a European Union embargo on imports of Russian crude by sea

Vodafone CEO Nick Read to step down from the post by end of month

The mobile group's chief financial officer Margherita Della Valle will take over as interim group chief executive, Vodafone said

Foxconn sees Covid-hit China plant back at full output in Dec-Jan: Report

Analysts say Foxconn assembles around 70% of iPhones, and the Zhengzhou plant produces the majority of its premium models including iPhone 14 Pro

India shares a list of products with Moscow for access to Russian market

Moscow had sent India a list of more than 500 products for potential delivery

Sugar output likely to drop 7% amid erratic weather, could crimp exports

Lower sugar exports from India, also the world's second biggest exporter, could lift global prices and allow rivals Brazil and Thailand to increase their shipments

Tax panel may not reach consensus on taxing online gaming: Report

A panel of Indian state finance ministers has yet to submit its report on taxation of the booming online gaming sector that is crucial to a final decision on how the levies should be imposed

Gold clings near $1,800 on soft dollar as China relaxes Covid-19 curbs

Spot gold ticked 0.1% lower to $1,796.17 per ounce by 0938 GMT, after touching its highest level since July 5 at $1,809.91

Oil prices rise after OPEC+ keeps output steady, Russian price cap imposed

At the same time, in a positive sign for fuel demand in the world's top oil importer, more Chinese cities eased COVID-19 curbs over the weekend

Global central banks extend rate hike push in Nov as inflation soars

The latest moves have brought total rate hikes in 2022 from G10 central banks to 2,400 bps

Former FTX CEO Sam Bankman-Fried to testify before US House committee

The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the collapse of FTX and expects to hear from the companies and individuals involved in it