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Government allows RBI to import gold without paying import levies

As of September 2023, the Reserve Bank of India held 800.79 metric tonnes of gold, including gold deposits of 39.89 tonnes

IIFL Finance to raise $242 mn via rights basis, non-convertible debentures

The company will raise the funds through the issue of shares on rights basis and non-convertible debentures via a private placement, it said in an exchange filing

Adidas posts first loss in 30 years, warns North America sales may decline

Adidas has been battling to right itself after it cut ties with Kanye West in October 2022, suspending sales of the highly profitable Yeezy sneaker line

Volkswagen sees slowdown in vehicle sales growth amid growing competition

The company said on Wednesday it expected a boost to vehicle orders in Western Europe in the coming months from new models including fully electric cars

Japan's Space One's solid-fuelled Kairos rocket explodes after launch

Space One said the flight was "interrupted" after the launch and was investigating the situation. There was no immediate indication of what caused the explosion

Govt bond yields seen higher tracking US peers on inflation uptick

The benchmark 10-year yield is expected to drift in the 7.03 per cent-7.07 per cent range, following its previous close of 7.0274 per cent, a trader with a private bank said.

US airlines' plan to boost capacity in doubt amid delayed Boeing deliveries

Boeing has been under heavy regulatory scrutiny following a harrowing Jan. 5 Alaska Airlines mid-air panel blowout that led to probes into the company's safety and quality standards

Ukraine launches drone attacks on Russia for second night in row: Officials

"No one was injured," Vyacheslav Gladkov, the governor of the Belgorod region that borders Ukraine said on the Telegram messaging app.

Toyota agrees to biggest wage hike in 25 years in sign of big pay bump

Toyota, the world's biggest carmaker and traditionally a bellwether of the annual talks, said it agreed to the demands of monthly pay increases of as much as 28,440 yen ($193) and record bonus payment

Global corporate dividends hit record $1.66 trn in 2023 amid bank payouts

The world's biggest dividend payers in 2023 were Microsoft , followed by Apple and Exxon Mobil

Samsung to use chip-making tech favoured by SK Hynix as race heats up

Samsung, however, has recently issued purchase orders for chipmaking equipment designed to handle MUF technique, three sources with direct knowledge of the matter said

Paving way for end to negative rates, Japan Inc to offer big wage hikes

Unions across industries, including automobiles, electronics, metals, heavy machinery and the service sector have all demanded hefty pay hikes.

ECB will have to gamble with interest rate cut before long, says Wunsch

Euro zone inflation fell in February to 2.6%, but underlying price growth remained stubbornly high, with prices for food, alcohol and tobacco up 4.0% year-on-year and for services 3.9% higher.

NZ to seize black boxes from LATAM's Boeing 787 to probe mid-air incident

The airline and passengers aboard the Sydney-Auckland flight on Monday said the plane with 263 passengers and nine crew members on board dropped abruptly mid-air

Vishal Mega Mart planning $1 bn IPO valuing supermarket chain at $5 bn

The retailer has 560 stores, mainly in smaller cities, that sell clothes and grocery items. It competes with Indian tycoon Mukesh Ambani's Reliance, Tata Group's Trent

Xiaomi to deliver first batch of electric vehicles this month in China

The smartphone maker, China's fifth-largest, said in a Weibo post that 59 of its stores in 29 cities nationwide will take orders for its new Speed Ultra 7 (SU7) sedan

Apple to allow developers to distribute apps directly from their websites

"We're providing more flexibility for developers who distribute apps in the European Union, including introducing a new way to distribute apps directly from a developer's website," Apple said

Paytm's third-party application licence likely to get approval this week

UPI, operated by the NPCI, is India's real-time payments system that allows users to transfer money across banks

BAT plans to sell up to 3.5% of stake in ITC, will own 25.5% after sale

The sale of 437 million ordinary shares in ITC through a block trade, will cut the Dunhill cigarette maker's shareholding to about 25.5% from about 29%

Reliance's fuel supply to Europe avoids Red Sea to keep clear from Houthis

Globally fuel producers are avoiding the Red Sea and go around Africa to avoid Iran-aligned Houthi attacks despite the Suez canal being the shortest route between Asia and Europe