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India likely to impose ceiling on next season's sugar exports: Report

It has capped current season's sugar exports 10 mn tonnes, wants ample local supplies.

Oil slumps 5%, US gasoline price drops 6% as dollar reaches record high

With the Fed expected to keep raising interest rates, open interest in WTI futures on the New York Mercantile Exchange fell on Thursday to its lowest since May 2016

Reliance considers buying out cosmetic firm Revlon in US: Report

The report comes as Revlon filed for bankruptcy earlier this week after global supply chain disruptions drove up raw material costs and prompted vendors to demand upfront payments

Indian gold discounts narrow, Covid-19 curbs keep leash on China demand

With demands falling post-wedding season in India, Indian gold discounts have currently grown slim. Moreover, gold demand in China has also lessened possibly due to the Covid-19 restrictions imposed

Elon Musk's SpaceX fires at least five for letter criticising him: Report

SpaceX is reported to have around five employees who have sent out a letter against CEO Elon Musk on grounds of making other staffs feel 'bullied'.

Oil rises on tight supply and Iran sanctions, though rate hikes weighs

Brent crude was up $1.13, or 0.9%, to $120.94 a barrel at 1016 GMT, and U.S. West Texas Intermediate (WTI) crude had gained $1.03, or 0.9%, to $118.62

Week of rate hikes has stocks on course for steepest slide since 2020

World stocks are down 5.7% for the week so far, on course for the steepest weekly percentage drop in more than two years

Sequoia India grapples with fallout from several governance issues

The Silicon Valley firm has invested $5.5 billion in India and, since 2017

WTO approves package of trade agreements, prompting cheers from delegates

At one stage, a series of demands from India appeared set to paralyse talks but accommodations were found, trade sources said

Ferrari boss promises electric means building 'even more unique' cars

Ferrari and its rivals also sell an emotional experience to wealthy customers currently centred on the throaty roar of that powerful engine

Global food crisis set to drive record displacement levels higher, says UN

A report by the UN body showed on Thursday that some 89.3 million people were forcibly displaced worldwide as a result of persecution, conflict, abuse and violence at the end of 2021

Toshiba, Sony, Samsung Electronics lose court fight against EU cartel fine

The European Commission in 2015 fined five firms 116 million euros ($120.5 million)

Google fined $260,000 for breaching data localisation rules: Report

Russia has issued multiple fines to US technology companies in recent years

Hyundai Motors working on compact, affordable electric car for India

Hyundai plans to invest in launch electric vehicles in India by 2028, making a clean energy drive in a country with some of the most polluted cities in the world

Investors dump shares on growth fears as Swiss, UK hike lending rates

While Swiss National Bank and UK's central bank increased their lending rates, global shares took a dive as investors began dumping shares based on recession fears.

January 6 committee probes Trump pressure on Pence to reject election

The House panel intends to show how Trump's false claims of a fraudulent election left him grasping for alternatives as courts turned back dozens of lawsuits challenging the vote

Elon Musk tells Twitter employees headcount will be rationalised

At a virtual meeting, he told Twitter staff he wants to raise the service's user numbers to at least a billion people and said advertising would remain important for the company

Gold steadies in choppy trade as US dollar dip counters rate hikes

Gold prices have turned stable as the Dollar has fallen countring the US Federal Reserve's rate hikes.

Investors brace for recession, more mkt turmoil after Fed's supersized hike

The S&P is down 22.2% year-to-date and is in a bear market

Oil prices rebound as new Iran sanctions fuel more supply concerns

The market had been lower earlier as interest rate hikes in the United States, Britain and Switzerland fed concerns about a slowdown in global economic growth.