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Forex reserves slide for fifth week to more than 2-month low at $682 bn

Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves

CCI probe finds Zomato, Swiggy breached antitrust regulations: Report

The CCI documents are not public, in line with its confidentiality rules, and were shared with Swiggy, Zomato and the complainant restaurant groups in March 2024

Ola Electric Q2 results: Loss narrows to Rs 495 crore as sales jump

The Bengaluru-based company said its consolidated loss narrowed to Rs 495 crore ($58.7 million) in the July-September quarter from Rs 524 crore a year earlieR

Swiggy's $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom

The IPO received bids for more than three times the shares on offer at the end of the last day of bids. The portion reserved for institutional investors was subscribed six times

RIL lobbies for India satellite spectrum auction in clash with Starlink

Billionaire Ambani runs India's biggest telecom company, Reliance Jio. Analysts say a spectrum auction, requiring much more investment, would likely deter foreign rivals

India's rice inventories hit record high at 29.7 MMT, triples govt target

Rice reserves in state granaries totalled 29.7 million tons at the start of this month, up 48.5% from a year ago, said the sources who did not wish to be named in line with official rules

State Bank of India to sell Rs 10,000 cr worth of infra bonds by Nov-end

The Indian economy's projected 7.2% growth this financial year is expected to be driven by, among other things, government spending on infrastructure

LIC Q2 profit falls 3.8% on higher benefits paid, but margin expands

The net premium income rose 11.6% to 1.20 trillion rupees but the net benefits paid by the insurer to policyholders climbed 17% to 975.62 billion rupees during the quarter

Steel imports from China increases 36.7% in H1FY25, shows govt data

China exported 1.4 million metric tons of steel to India during the period, up 36.7% from a year ago

After Donald Trump's election win, many Americans research moving abroad

Late Wednesday evening on the US East Coast, Google searches about emigrating were hitting all-time highs for all three countries, according to a Google official

No winners in trade, industrial wars, says China's ambassador to US

Trump's return could revive issues from his first presidency, when he initiated a bruising trade war with the world's second-largest economy in 2018

Thailand to pursue new policies to boost, protect digital economy

The government is supporting the use of artificial intelligence to strengthen the agriculture sector and increase exports to China, she added

Indian banks' microfin loan stress to persist after new regulation: Bankers

Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said

India bond yields inch lower after Fed rate cut pulls down US Treasury

The Fed cut interest rate by 25 basis points on Thursday, as widely expected, amid a cooling labour market, while noting that economic growth remained solid

Boeing to repay lost wages to furloughed employees, proceed with job cuts

Boeing on Monday won ratification of a contract giving its machinists a 38 per cent pay hike over four years and a $12,000 bonus, ending the strike

Explained: How Trump could influence the makeup of the Federal Reserve

Powell's term as chair expires in May 2026, and Trump will have an opportunity to install a new Fed chief then

US investment plan is unchanged after election results, says Taiwan's TSMC

TSMC, the world's largest contract chipmaker and a major supplier to companies including Apple and Nvidia , is investing $65 billion in new factories in the US state of Arizona

Oil prices fall marginally as Hurricane Rafael expected to start weakening

Hurricane Rafael, which has caused 391,214 barrels per day of US crude oil production to be shut, is expected to move slowly

Global gold ETF demand turns positive for first time this year, says WGC

The WGC, an industry body grouping global gold miners, said North American gold demand was boosted by uncertainty around the US presidential election

Musk's backing of Trump in Prez poll likely to enrich his companies

Musk contributed at least $119 million to a pro-Trump spending group, federal records show, and tirelessly touted the former president at the critical late stage of his campaign