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India's current account deficit widens in April-June quarter: RBI

In absolute terms, the current account deficit (CAD) stood at $23.90 billion in the first quarter of fiscal year 2022/23, its highest since the December quarter of 2012

Asian shares see worst month since pandemic's onset on recession concerns

The Asian index was set to record a staggering 12.5% drop for the month, the largest since March 2020 when the Covid-19 pandemic threw financial markets into chaos

India falls short on FTSE Russell EM government bond index inclusion

Global index provider FTSE Russell said India will remain on the watch list for inclusion in the FTSE Emerging Markets Government Bond Index, dashing market hopes of its entrance into the index

LNG markets may tighten further in 2023 as demand likely to rise: IEA Chief

LNG markets in 2023 may be tighter than this year as demand may rise in China, India and other parts of Asia, the head of the International Energy Agency (IEA) said

Google to wind down Stadia streaming service three years after launch

Stadia was an attempt from Alphabet Inc.'s Google to take on the video game console giants with a platform of its own

Wall Street tumbles on growing concerns over economic growth

S&P 500 index back at near two-year lows; airlines, cruises fall on cancellations due to Hurricane Ian; CarMax slumps on missing second-quarter expectations

Putin to annex seized Ukrainian land, UN warns of 'dangerous escalation'

If Russia moves ahead with its plans to annex four Ukrainian regions, it would mark a 'dangerous escalation' that would jeopardise the prospects for peace in the region, the UN Secretary-General said

Porsche shares rise despite weaker markets after landmark $72-bn listing

Volkswagen priced Porsche AG shares at the top end of the indicated range and raised 19.5 billion euros from the flotation to fund the group's electrification drive

Indian Oil Corporation sets up new unit for treasury operations

India's top refiner Indian Oil Corp has set up a subsidiary to pool the funds of its overseas units in order to meet capital and trade finance needs, it said in a statement on Thursday

Sterling volatile as PM Truss defends tax-cutting plan, euro drops

In the face of nagging doubts about Britain's economic management and the outlook for global growth, sterling was 0.19% lower at $1.0866 at 1125 GMT, after falling to $1.0764 earlier

Oil prices rise towards $90 as OPEC-plus considers output cut

Brent crude futures rose 52 cents, or 0.6%, to $89.84 a barrel by 1027 GMT and U.S. crude futures rose by 52 cents, or 0.6%, to $82.67

Bed Bath & Beyond quarterly loss widens on merchandising issues

Bed Bath's stock and fortunes have slumped after its move to sell more store-branded products flopped and led to a reshuffle of its management team earlier this year

BBC World Service proposes scrapping 382 posts in digital-only push

BBC said that no language services will close, and that its proposals were subject to consultation with staff and trade unions

Rupee closes marginally higher against US dollar, RBI intervention seen

The rupee had opened higher at 81.61, but was not able to sustain the gains on dollar buying by foreign banks and oil companies

Reliance's retail unit launches its first in-house fashion store Azorte

Reliance Industries Ltd's retail unit launched its first in-house premium fashion and lifestyle store, as the billionaire Mukesh Ambani-led company continues to enter India's luxury market

Oil prices drop again after rebound as dollar strengthens, demand weakens

Oil prices fell on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand and concerns over the faltering global economic outlook clouding market sentiment

Gold prices retreat on bolstered dollar, prospect of more Fed hikes

Gold prices retreated, as prospects for more US interest rate hikes and a subdued outlook for global economic growth bolstered the dollar

World Bank President Malpass warns of stagflation, recession in Europe

In a speech at Stanford University, Malpass said there was an increased likelihood of recession in Europe, while China's growth was slowing sharply and U.S. economic output had contracted

Indian refiners pay dollars for Russian oil after Dubai bank rejects dirham

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams

Amazon unveils contactless device to monitor breathing while sleeping

Amazon.com Inc on Wednesday announced a contactless gadget that can monitor people's sleep, along with updates to its lineup of voice-controlled devices and e-readers