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India's 10-year bond yield ends at one-year low on policy pivot

Earlier this month, the Reserve Bank of India (RBI) surprised markets by holding the key lending rate steady at 6.5 per cent, going against expectations of a 25-basis point (bps) increase

Bitcoin could hit $100,000 by end-2024, says Standard Chartered

Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its rate-hiking cycle

Russian oil cuts Opec's share of Indian market to 22-year low at 59%

OPEC members mainly from the Middle East and Africa, saw their share of India's oil market slide to 59% in the fiscal year to March 2023, from about 72% in 2021-22

Coca-Cola beats revenue estimates on steady demand despite price hikes

Average selling prices rose 11% in the first quarter, the company said, while unit case volumes rose 3%

Financials power Indian shares after quarterly results Reliance, ICICI Bank

Private lender ICICI Bank posted a 30% surge in the March-quarter profit, helped by improved net interest income and loan growth

China urges banks to further cut deposit rates to channel savings pool

The guidance comes as banks and the economy groan under the weight of huge inflows of savings and deposits

Tech investors focus on profits after layoffs; companies to highlight AI

The companies are likely to give updates on their AI efforts, a trend noticeable since last quarter when chief executives packed earnings calls with mentions of the technology

Russia's Medvedev warns Moscow will scrap grain deal if G7 bans exports

The Group of Seven (G7) countries are considering a near-total ban on exports to Russia

SoftBank-owned Arm plans to build its own prototype semiconductor

The SoftBank Group Corp-backed company's newest chip, on which it started work in the past six months, is "more advanced" than ever before, FT said, citing industry executives

US House to vote on Republican debt limit bill this week, says McCarthy

McCarthy floated a plan last week that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the $31.4 trillion U.S. debt limit

Sebi plans to allow mutual funds with performance-based fees: Report

If introduced, India would be one of a handful of major markets to introduce performance-linked fees for mutual funds

Tata Motors to JBM: Bus makers shun govt contracts over payment concerns

Prime Minister Narendra Modi's government wants to deploy 50,000 electric buses countrywide over the next few years which is estimated to cost $12 billion

Maruti Suzuki to recall 7,213 Baleno RS hatchbacks over possible defect

"The affected vehicle may require increased effort in brake pedal application," the company said in a release

Dominic Raab quits as deputy PM; spotlight now turns to Rishi Sunak

Oliver Dowden named new UK Deputy Prime Minister

Indian business delegation to visit Russia to explore agri exports

The exporters expect to sign deals for selling a wide range of products including tea, sugar, coffee, dairy, meat, and marine products, the official said

US business activity rises to 11-month high in April: S&P Global survey

S&P Global said its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 53.5 this month

Indian shares log weekly losses on risk aversion amid Q4 earnings

The Nifty 50 closed 0.40 points lower to 17,624.05, while the S&P BSE Sensex rose 0.04% to 59,655.06. Both indexes lost over 1% this week

Foreign exchange reserves up $1.65 bn to $586.41 bn, hit over 9-month high

The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak

Procter & Gamble raises full-year sales forecast on higher pricing

The Tide detergent maker's shares rose 1% in premarket trading

RBI cautions banks on unsecured lending amid rising interest rates

The RBI, according to bankers, is concerned that the sharp rise in interest rates could trigger defaults and pose more risk. The RBI did not reply to an email requesting comment