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Chinese EV maker BYD to launch 1st passenger car in India amid global push

Warren Buffet-backed Chinese electric carmaker BYD will launch its first passenger car in India on Tuesday, an electric SUV, marking its entry into the mainstream market

War, looming rate hikes hoist dollar, gilt wipeout hits Treasuries

Asian stockmarkets fell and the dollar rose on Tuesday with investors worried about rising interest rates and an escalation in the Ukraine war

Oil prices slide as dollar strengthens, China's Covid-19 woes dampen demand

Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S. dollar and a flare-up in COVID-19 cases in China increased fears of slowing global demand

Will weigh what Russia offers on Sakhalin-1 ownership revamp: Hardeep Puri

India maintains a "healthy dialogue" with Russia and will look at what is offered following announced ownership revamp to the Sakhalin-1 oil and gas project, Hardeep Singh Puri said

Biden vows air defense systems for Ukraine after missile attacks by Russia

Joe Biden pledged to Ukraine President Volodymyr Zelenskyy that the United States will provide Ukraine with advanced air systems after a devastating missile barrage from Russia

Dollar gains on rate-hike fears, yen flirts with intervention levels

The dollar loomed large over fragile financial markets, with worries about rising interest rates and geopolitical tensions, while the yen was testing levels that have prompted official intervention

JPMorgan CEO Jamie Dimon warns of global recession in 6-9 months

Runaway inflation, big interest rates hikes, the Russian invasion of Ukraine and the unknown effects of Fed's quantitative easing policy are among the indicators of a potential recession, Dimon said

TCS sees softness in long-term deals after second-quarter beat

Many of India's top IT services firms are looking at various cost-cutting measures, as they are worried that tightening budgets at recession-wary US and European clients will sharply hit their profits

Rivian shares skid 9% after EV maker recalls nearly all vehicles

The Amazon.com Inc-backed firm on Friday recalled about 13,000 vehicles due to a possible loose fastener that could cause the driver to lose steering control

Nasdaq falls as US export controls on China weigh on chip stocks

US bond market shut for Columbus Day holiday; S&P 500 tech sector leads declines

Oil price steadies as supply tightness duels with recession fears

Brent crude futures for December settlement fell by as much as 1.1% but recovered to being down 17 cents, or 0.2%, at $97.75 a barrel by 1353 GMT

Benchmark yield at near 4-month high on spike in US yields, oil prices

The benchmark Indian government bond yield ended at 7.4758%, highest since June 21. It had ended at 7.4596% on Friday, and had risen 10 basis points in last two sessions

Oil falls as China demand concerns fuel recession fears

Economic slowdown in China, world's second-largest oil consumer, adds to rising concerns about possible global recession triggered by numerous central banks raising interest rates to combat inflation

Gold prices slip for 4th time as dollar stands tall on US rate hike bets

The dollar index hit a more than one-week peak, making gold more expensive for buyers holding other currencies

India's fuel demand slips to 10-month low in September: Government data

India's monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed

After Apple iPhones, AirPods to be made in India, says IT Ministry

Apple did not immediately respond to a request for comment

Gold prices fall as renewed bets of sharp rate hikes lift dollar

Gold prices fell to a one-week low on Monday, as solid US jobs data boosted expectations that the Federal Reserve will continue to deliver oversized rate hikes

Large Indian lenders shun direct rupee transactions in Russia trade: Report

Large Indian lenders are reluctant to process direct rupee trade transactions with Russia months after the mechanism was put in place for fear of becoming the target of sanctions by the United States

Sept retail inflation likely to hit five-month high of 7.30% on food prices

India's retail inflation accelerated to a five month high of 7.30% in September due to surging food prices, staying well above the Reserve Bank of India's (RBI) upper tolerance band

RBI sells dollars as rupee hits record low on US rate hike woes: Report

The Reserve Bank of India likely sold dollars via state-run banks on Monday after the rupee plumbed a fresh record low following a US jobs report that firmed bets of more aggressive rate hikes