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US job growth beats expectations in February; wages rise moderately

Economists polled by Reuters had forecast job growth of 205,000

Adani group seeks to sell stake in Ambuja Cements for $450 million

Adani on Thursday made a formal request to international lenders to sell 4 per cent to 5 per cent in Ambuja Cements, his cement business, the report said

Centre concerned about rising T-bill yields, may take remedial measures

The Indian government is concerned about rising yields on Treasury-bills and will take appropriate remedial measures

Dollar steady as volatile markets brace for payroll data, Swiss franc jumps

Futures pricing now implies a roughly 52% chance that the Fed will raise rates by 50 basis points this month, compared with 70% before the data release, according to CME's Fedwatch tool

India's forex reserves increase, snapping four-week losing streak

The reserves stood at $560.94 billion in the week to Feb 24

Indian shares slide as IT firms fear high interest ahead of US jobs data

IT stocks lost 0.66%, falling for the third session in a row due to worries about rate hikes in the United States and Europe, where a majority of their clients are based

Indian exporters need to adapt strategy given low rupee premiums: Analysts

Premiums are not expected to move back to the 4%-5% level given the inflation outlook and the likelihood that the Fed will keep rates higher for longer

HUL board names Rohit Jawa next MD & CEO, to succeed Sanjiv Mehta

Rohit Jawa, currently chief of transformation for Unilever, will take charge as MD and CEO from June 27

Global house prices set to decline, risk of more with higher rates

That in turn has pushed up rents sharply in most markets, leaving the overall cost of housing much more expensive in just the past few years

Expectations of US interest rate hikes dragging crude benchmark downwards

Expectations of further rate hikes in the world's largest economy and in Europe have clouded the global growth outlook and driven both crude benchmarks down more than 5% so far this week

Boeing to set up freight conversion facility in India amid growing demand

Boeing Co will set up in India a facility to convert passenger aircraft into freight planes to capitalise on growing global demand for cargo, executives from the US aviation firm said on Friday

Troubled Silicon Valley startup bank spooks share markets, bonds rally

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3% to a two-month low, with banks and Hong Kong tech stocks leading losses, while London and European futures each slid more than 1%

How Apple, Foxconn's efforts led to landmark reforms in India's labour laws

Apple and its supplier Foxconn were among the companies that lobbied for a landmark liberalisation of labour laws in the southern state of Karnataka earlier this month, the Financial Times reported

India's inflation seen easing slightly in Feb, still above RBI target: Poll

Rises in food prices, which account for nearly half of the Consumer Price Index (CPI) basket, likely moderated last month

India's February fuel demand hit at least 24-year high, shows data

India's fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil

Explainer: Why has power demand in India surged post Covid-19 recovery?

Power demand jumps 10% in the first two months of 2023 from a year ago

India jostles with China for April ESPO crude from Russia, prices jump

Indian refiners mostly buy Russian oil on a delivered basis, with the seller arranging for insurance, freight and ship

India's April-February finished steel exports slump 52%: Govt data

Major steelmakers reported a drop in profits in the December quarter, in part because the government in May imposed the tax, which applied to exports of some intermediate steel products, such as bars

India, US to sign MoU on semiconductors, says US Commerce Secretary

The two nations will map the semiconductor supply chain together and identify opportunities for joint ventures and technology partnerships, Raimondo added

Gold trades in tight range as investors squared positions for US jobs data

The dollar index slipped 0.3% after hitting a three-month high in the previous session. A weaker greenback tends to make bullion a more attractive bet