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India's inclusion in key govt bond index pushed back to next year: Report

Indian government bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues

Axis Bank looks to buy near 10% stake in Go Digit Life Insurance

The development underscores private lenders' growing interest in India's lucrative and largely untapped insurance sector

Wall Street deep in bear market as S&P 500 hits new two-year low

S&P 500 hits lowest since Nov. 2020; rate-sensitive tech, growth stocks give back gains; energy stocks among rare gainers

Piramal Finance MD sees no slowdown in credit growth despite rising rates

The company typically draws its customers from the self-employed category with a monthly take-home income of anywhere between 15,000 rupees ($183.99) to 60,000 rupees

Embattled emerging markets face fresh pain from US Fed rate hikes

That's a sharp and swift change from just 12 months ago, when Fed forecasters predicted no rate hikes in 2023

Europe suspects sabotage as mystery gas leaks hit Russian pipelines

Poland's PM said the leaks were caused by sabotage, while Denmark's prime minister and Russia, which slashed its gas deliveries to Europe after Western sanctions, said it could not be ruled out

ONGC gets better price for crude oil under new rules, says report

ONGC accepted bids at that level through auction of light sweet oil from its western offshore field, including supplies from the country's flagship Mumbai High fields

Rupee inches up, likely delay in bond index inclusion caps gains

Reuters on Tuesday reported local govt bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues

RBI may need to tap old ways to boost forex reserves: Economists

"The central bank should intervene to ensure that a falling currency does not eclipse India's fundamentals," Abheek Barua, chief economist at HDFC Bank, wrote in a note this week

Dish TV stock falls 10% as shareholders reject results, auditor appointment

The shareholders rejected appointments of Rakesh Mohan as an independent director as well as S.N. Dhawan & Co LLP, Chartered Accountants as the auditor of the company

Oil rises from 9-month low on US Gulf supply cuts, softer dollar

Crude soared in early 2022, with Brent coming close to its all-time high of $147 in March after Russia invaded Ukraine, adding to supply concerns

World stocks edge above Nov 2020 lows, sterling recovers some ground

Markets remain nervous, however, after U.S. Federal Reserve officials on Monday said their priority remained controlling domestic inflation

Gold prices climb 1% as dollar slipped; rate-hike bets limit gains

Spot gold rose 0.9% to $1,636.30 per ounce as of 0833 GMT. Prices had hit an April 2020 low of $1,620.20 on Monday

Govt bonds' inclusion into JPMorgan index pushed to next year: Report

Indian government bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues

As dollar eases, pound rises by 1% as traders turn to BoE response

As the dollar eased, the pound rose 1% in Asia to $1.0805 and is up nearly 5% from Monday's low at $1.0327. The kiwi also rose 1%, its first gain in seven sessions, the euro rose 0.5% and the Aussie r

ByteDance-owned TikTok inching toward US security deal to avoid sale

US lawmakers and TikTok are hammering out a plan, under which the short-form video app would make changes to its data security and governance without requiring its parent firm ByteDance to sell it

RBI may need to reload reserves as rupee falls further: HDFC economist

The Reserve Bank of India may need to find ways to replenish its foreign exchange reserves such as encouraging non-resident Indians to deposit more funds, as it looks to stabilise a depreciating rupee

Oil prices rise after nine-month lows as focus shifts to OPEC+ supply cuts

Analysts believe further sell offs in oil markets could see OPEC+ intervene to support prices by collectively reducing their output

Bank of England eyes market turmoil, says 'will not hesitate' to act

Finance minister Kwasi Kwarteng sent sterling and govt bonds into freefall with a so-called mini-budget that was designed to grow the economy by funding tax cuts with huge increases in govt borrowing

Porsche IPO poised to price at top end of range, say bookrunners

Volkswagen, Europe's largest carmaker and Porsche's owner, said earlier this month it would price preferred shares at 76.50-82.50 euros, giving a valuation of up to 75 bn euros