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Oil rises as US launches int'l maritime mission to counter Red Sea attacks

This is an international challenge that demands collective action, Defence Secretary Lloyd Austin said in statement released just after midnight in Bahrain

WHO classifies 'low' risk JN.1 coronavirus strain as 'variant of interest'

The United Nations agency said current vaccines continue to protect against severe disease and death from JN.1 and other circulating variants of the COVID-19 virus

Euro stocks rise, yen falls after BOJ sticks to ultra-easy monetary policy

In a widely expected move, the Bank of Japan kept its ultra-low interest rates unchanged. It also made no change to its dovish policy guidance.

$245 bn IT sector sees tougher terms amid scramble for contracts: Report

The tougher contracts are likely to add pressure on an industry that is already struggling

RBI tightens norms to check evergreening of loans by lenders through AIFs

This includes companies in which lenders have current exposure such as an investment or a loan or in the past 12 months, the Reserve Bank of India (RBI) said

India's IPO momentum seen growing on prospects of political stability

India's share of global IPO proceeds is at an all-time high of 5.98%, Dealogic says, almost doubling in 2 years, while its share of Asia IPO proceeds has also grown to 9.9% this year from 5.9% in 2018

India may need to import sugar as planting wanes due to weak rains: Report

Sugar output could be even lower in the next crop year, which runs to September 2025

India's economy projected to grow at 6.3% in current fiscal year, says IMF

"India has potential for even higher growth, with greater contributions from labour and human capital, if comprehensive reforms are implemented," the IMF said.

WTO's proposed reforms leave question of appeals court unanswered

"In addressing the issue of appeal, delegates are actively exploring potential resolutions that can reconcile the diverse perspectives expressed by Members," he said

Musk gets an edge over Ambani in Centre's satellite internet battle

The proposal was included in a new draft bill for the telecommunications sector, which seeks to replace the 138-year old Indian Telegraph Act that currently governs the sector

US, China agencies race to shield secrets from quantum computers: Report

Machines vastly more powerful than today's fastest supercomputers would be capable of cracking the codes that protect virtually all modern communication, a Canadian cyber security firm has warned

Goldman Sachs faces rocky exit from Apple credit card partnership

The expected unwinding of the Apple-Goldman partnership is another blow for CEO David Solomon's consumer strategy, which aimed to broaden the bank's revenue beyond its traditional mainstays

AI may create more jobs than it can eliminate: Tech Mahindra's outgoing CEO

Generative AI technology can create more jobs than it is expected to eliminate, Tech Mahindra's outgoing CEO said, even as its ability to wreck the job market has been discussed on social media.

India KFC operator Devyani International enters Thailand with $129 mn deal

India's Devyani International said it will begin operating KFC outlets in Thailand after it acquired Restaurants Development Co in deal a worth $128.9 million, expected to be completed by March 2024.

Oil rises by more than 1% after Houthi militants attack on Red Sea tanker

Oil rose more than 1% on Monday as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions.

Yen clings on to gains ahead of key BOJ decision; dollar slips (Updated)

The recent burst of risk appetite has given the Australian and New Zealand dollars in particular a leg up, with both nudging towards five-month highs on Monday.

Shares of India's JSW Group drop after rape allegation against chairman

Shares of JSW Group fell as much as 5% on Monday, a day after its billionaire Chairman Sajjan Jindal said that local media reports accusing him of rape were "false and baseless".

Sugar output down 11% at 7.4 mn tonne during Oct 1-Dec 15 of 2023-24 mkt yr

With Prime Minister Narendra Modi facing election next year, India, which is highly sensitive to food inflation, was likely to ban sugar exports, the first restriction on exports since 2016

Edelweiss Financial Services to sell stake in unit for up to Rs 2,000 cr

The move to sell the stake will reduce the company's debt and improve its market value, it said

Sembcorp signs deal with Japanese firms to export green ammonia from India

The agreement will also expand Sembcorp's footprint in India where it already has a gross renewable portfolio of 3.7 giga-watts (GW), it added