Page 712 - Reuters

Tesla slashes prices of its electric vehicles in US to spur demand

Tesla doubling down on a discount drive against the backdrop of a weakening economy

Indian government forms panel to review pension system, says FinMin

The Indian government has formed a panel to review the country's pension system and discuss whether changes are warranted, the finance ministry said on Thursday

Adani Wilmar's overall oil sales volume drop in Q4 on weaker demand

The company saw smoother supplies of imported edible oils during the quarter with prices cooling off, resulting in higher consumer demand, especially among the rural population

Inflation seen easing in March to 5.80% on softening food price rises

Forecasts ranged from 5.40% to 6.40%, with a quarter of survey respondents predicting inflation above 6.00%. It was 6.52% in January and spent most of last year above 6.00%

Govt plans panel to help resolve state-owned firms' land disputes

Land is a state subject in India, with both the Parliament and state assemblies able to write laws around certain land rights

RBI proposes expanding UPI digital payments system to allow credit

UPI is an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details

India startups call for antitrust probe of Google in-app billing fee

Google, which counts India as a key growth market, faces other regulatory challenges, including a recent setback that forced it to change how it markets its Android system

Buildup to ODI World Cup clouded by India-Pakistan relations: Report

Delay is in stark contrast to the 2019 event when dates and venues for the tournament in England and Wales were announced more than a year out in keeping with usual practice for major sporting events

Dollar plunges close to two-month low ahead of pivotal US jobs data

For markets, this could make for a highly volatile session

RBI may pause on rate hikes at next meet also: ICICI official Prasanna

The central bank's surprise decision to hold its key repo rate steady, at 6.5 per cent

Rupee falls below 82 against US dollar after RBI hits pause on rate hikes

The rupee declined to an intraday low of at 82.06 per U.S. dollar versus 81.88 before the RBI policy announcement

RBI expansion of NDF access to help manage rupee volatility: Analysts

They were earlier permitted to transact in rupee NDF forex derivatives contracts with non-residents and with other eligible banks

Western curbs on Russian oil products redraw global shipping map: Analysis

The redrawing of the shipping map underscores the knock-on effects of Western efforts to punish Russia over its invasion of Ukraine last year, adding to fuel supply insecurity and pushing up prices

Delivery firm Dunzo secures $75 mn funding, lays off 30% of staff: Report

According to the report, under the new business model, Dunzo will cut about 50% of its dark stores and run only those that can be profitable or are nearing that threshold

India plans green hydrogen incentives of at least 10% of cost: Report

According to the report, the government will give incentives worth at least 30 Indian rupees per kg for production of green hydrogen fuel

Fuels from Russian crude oil get backdoor entry into Europe via India

Access to cheap Russian crude has boosted output and profits at Indian refineries, enabling them to export refined products competitively to Europe and take bigger market share

Rupee to cling to 82 against US Dollar ahead of RBI rate decision

Near-term momentum favours the rupee "on margin", a spot trader at a private sector bank said, but cautioned that important data points lined up through the week could fuel volatility on the rupee

RBI set to raise rates 25 bps on elevated inflation, keep hawkish stance

Retail inflation rose 6.44% year-on-year in February, easing from 6.52% in January but has remained above the RBI's mandated target range of 2%-6% for 10 out of the last 12 readings

Power generation grows at fastest pace in 33 years, fuelled by coal

Output from plants running on fossil fuels rose 11.2 per cent, the quickest growth in over three decades, thanks to a 12.4 per cent surge in electricity production from coal

S&P 500 dips, Treasury yields fall as soft data fuels recession worries

The Nasdaq joined the S&P 500 in the red, while defensive stocks helped buoy the Dow into positive territory, while 10-year Treasury yields extended their decline, touching levels last seen in Sept