Page 817 - Reuters

HDFC Bank signs multi-year data and technology deal with Refinitiv

HDFC Bank will get comprehensive access to Refinitiv's data and products under the agreement, enabling cost savings across several bank divisions, the companies said in a joint statement.

Oil gives up gains as soaring US dollar offsets Putin's troop mobilisation

Brent futures were 10 cents, or 0.1%, lower at $90.52 a barrel by 10:13 a.m. EDT (1413 GMT), while U.S. West Texas Intermediate (WTI) crude fell 28 cents, or 0.3%, to $83.66.

Wall Street rises as investors gear up for another big rate hike

Ten of the 11 major S&P 500 sectors were up in early trading, led by a 1.1% jump in energy and industrial shares

Gold regains some poise on latest Russia jitters; focus on Fed rate hike

Spot gold was up 0.7% at $1,674.79 per ounce by 1205 GMT. U.S. gold futures rose 0.7% to $1,683.

Amazon drives renewable energy push with 71 new projects

The new projects include three large-scale plants in Rajasthan with a capacity of 420 megawatts, rooftop solar projects in France and Austria, and its first solar farm in Poland

Reliance Retail in talks to get rights for beauty retailer Sephora: Report

The move could result in Sephora's operations transfer from Arvind Fashions Ltd, according to the report

Rupee closes at new low ahead of near-certain big Fed rate-hike

The mobilisation of troops by Russian President Vladimir Putin piled on more pressure on the rupee, already weighed by the surging dollar index

Apple may move a quarter of iPhone production to India by 2025: JPMorgan

The brokerage expects Apple to move about 5% of iPhone 14 production from late 2022 to India, which is the world's second-biggest smartphone market after China

Dollar hits two-decade high as Putin rattles markets before Fed rate hike

Putin ordered Russia's first mobilisation since World War Two, warning the West that if it continued what he called its "nuclear blackmail" that Moscow would respond with might of all its vast arsenal

Indian banks may see bad loans falling to decade low of 4% by end of FY24

Indian banks are likely to see a 90 basis points fall in gross non-performing assets (NPAs) to 5% in this fiscal year to March and further improve to 4% by end of March 2024, rating agency Crisil said

Govt issues draft rules for car firms for mandatory rear seat belt alarm

The government has been considering enforcing the use of rear seatbelts after Cyrus Mistry, the former chairman of Indian conglomerate Tata Sons, died in a car crash recently

India's banking system liquidity slips into deficit after 40 months: RBI

India's banking system liquidity has slipped into deficit for the first time in nearly 40 months, according to the Reserve Bank of India

Indian govt 'in no hurry' on medium-term inflation target: Report

India's government is in no hurry to push inflation, now hovering near 7% and eight-year highs, back to the central bank's 4% medium-term target for fear that aggressive rate hikes could hurt growth

Renewable Energy Development Agency to issue tenor bonds to raise Rs 400 cr

The state-run company has invited coupon and commitment bids from bankers and investors on Friday

Chipmaker Nvidia Corp launches new system for autonomous driving

DRIVE Thor would be able to replace numerous chips and cables in the car and bring down the overall system cost, although he did not give specific numbers on savings.

Offering taste of normality, McDonald's reopens in Kyiv 7 months into war

The branches only opened for delivery services but customers waited outside the restaurants anyway to collect their meals from the motorcycle couriers who were next to them

Gap eliminates 500 corporate jobs amid shrinking margins

The eliminated roles are mainly at its offices in San Francisco, New York and in Asia

Palihapitiya to wind down two SPACs as choppy markets drag valuations

The firms went public in October 2020 and raised $460 mn and $1.15 bn, respectively, which they intended to invest in businesses in the technology sector

Russia triggers plan to formally annex occupied Ukrainian regions

Four Russia-occupied regions announce referendum plans; votes will be held on whether to become part of Russia; Ukraine and the West regard votes as sham and illegal

Twitter to depose Elon Musk in Delaware on Sept 26-27

The two sides are locked in an increasingly acrimonious legal battle that has swept up of some of the biggest names in Silicon Valley and Wall Street