Page 814 - Reuters

India's push for homegrown navigation system jolts smartphone giants

In line with Prime Minister Narendra Modi's drive for self-reliance, India has over the years expanded the use of its regional navigation satellite system called NavIC

Pound plunge the latest ill omen as stock markets down across the world

The pound plunged nearly 5% at one point in Asia trade to break below 1985 lows and hit $1.0327. Moves were exacerbated by thinner liquidity in the Asia session

Indian rupee may sink to 82.50 against towering dollar, funding gap: IDFC

The Indian rupee could decline to 82.50 against the dollar by March, driven by the greenback's surge and the country's balance of payment deficit, IDFC First Bank said in a research note

Sterling collapses, pound plunged nearly 5% as investors fly into dollars

Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in Britain's plan to borrow its way out of trouble

Gold hits 2-1/2-year low weighed down by sturdy dollar, Fed rate hike

Gold prices fell to a new 2-1/2-year low on Monday, weighed down by a sturdy dollar and prospects of further interest rate hikes by the U.S. Federal Reserve to bring down inflation.

British PM Liz Truss may lift immigration cap to fight labour shortage

Plans to introduce more tax cuts next year as part of first full Budget

China EV maker Leapmotor set to raise $800 mn in Hong Kong IPO: Report

While that is less than the $1.03 bn the EV maker had said it was aiming to raise in its regulatory filings last week, the IPO would still be Hong Kong's largest this year

After feverish week, global investors lick wounds; brace for more chaos

Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation

Oil India sees 'healthy' profit in September qtr despite windfall tax

Oil India Ltd is expecting a "healthy profit" for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India's state-run oil producer, said

Roger Federer's trophy-laden career ends in defeat at London's O2 Arena

It was surely unthinkable that Roger Federer's trophy-laden career would end with a defeat but that is what transpired as the 41-year-old Swiss maestro lost alongside Rafa Nadal on an emotional night

Oil plunges to 8-months low on strong dollar, looming recession fears

Oil prices plunged about 5% to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession

Byju's pays $234 mn to Blackstone Inc related to Aakash deal: Report

India's Byju's has paid 19 billion rupees ($234 million) to Blackstone Inc, settling its dues owed to the private-equity firm as part of a $950 million deal to buy Aakash Educational

Blackstone to sell $400 mn stake in REIT Embassy, ADIA eyes investment

Abu Dhabi's sovereign wealth fund, one of the world's largest, is likely to pick up at least half of the stake that Blackstone is to sell, one of the sources said

Gold prices hit two-year low on dollar strength, Fed rate concerns

Spot gold was down 1.7% at $1,642.79 per ounce by 1058 GMT and was heading for its second straight weekly decline, down 1.8%. U.S. gold futures GCv1 fell 0.5% to $1,672.10.

Euro zone likely entering recession as price rises hit demand: Survey

Overall demand in the euro zone fell to its lowest since November 2020, when the continent was suffering a second wave of Covid-19 infections

Britain sends investors fleeing with historic tax cuts and borrowing

Pound slides below $1.11 for first time in 37 years

Euro, sterling plunge on dour business activity data, UK mini-budget

Sterling was set for its biggest weekly decline against the U.S. dollar in two years after it touched a fresh 37-year low of $1.1022. The pound was last down 1.9% at $1.1049.

India's forex reserves fall by $5.22 bn to near two-year low: RBI data

India's foreign exchange reserves fell for a seventh straight week, dropping to $545.652 bn in the week to Sept 16, its lowest level since Oct. 2, 2020

Indian Oil plans Panipat refinery maintenance, to revamp naphtha cracker

The cracker annually consumes about 2.3 million tonnes of naphtha and produces 857,000 tonnes of ethylene

Armenia accuses Azerbaijan's armed forces of violating ceasefire agreement

Armenia's defence ministry on Friday accused Azerbaijan's armed forces of opening fire on Armenian positions, in violation of a ceasefire agreement, the ministry said in a post on social media