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State govts step up relief measures for households battling inflation

Kerala distributed a package of free food items costing about 450 rupees ($5.70) each to over 8 million families during the Onam festival earlier this month.

Wall Street plunges as inflation data stokes bets of large rate hikes

US consumer prices rise more than expected in August; traders see a small chance of 100 bps rate hike next week

US consumer price growth unexpectedly rose in August to 8.3%

So-called core CPI, which strips out the more volatile food and energy components, advanced 0.6% from July and 6.3% from a year ago

Google faces $25.4-bn damages claims in UK, Dutch over adtech practices

Google's adtech has recently drawn scrutiny from antitrust regulators following complaints from publishers.

Lights out early for Eiffel Tower as Paris saves energy amid crisis

Around Europe, countries are looking for ways to cut energy consumption and fill up their gas stores in preparation for a possible total cut-off

Pace of rate hikes by RBI should be calibrated from here on: Ashima Goyal

"We need to be very careful that growth is not snuffed out and we don't go into another decade of slowdown," Goyal told Reuters in an interview on Tuesday.

Futures tumble as US consumer price growth unexpectedly rises in August

Excluding the volatile food and energy components, core CPI increased to 6.3% from 5.9% in July, putting further pressure on the Fed to continue on its rate-hiking spree

Foreign investors snap up Indian bonds set for inclusion in global indices

Barclays also expects another $8 billion to $20 billion from a possible inclusion in the Bloomberg Global Aggregate bond index

Lazard in talks with China, India, Japan on restructuring Sri Lanka's debt

The three countries hold about $13 billion of Sri Lanka's debt, while China is Sri Lanka's largest bilateral creditor

Rupee climbs to 5-week high on dollar inflows, breaches key level

The rupee closed at 79.1475 per US dollar, compared with the previous close of 79.5225, notching up its best session this month

Cryptoverse: Ether snaps at bitcoin's heels in race for crypto crown

The Merge, expected to take place on Thursday, could lead to wider use of the blockchain, potentially boosting ether's price - although nothing is certain in a capricious crypto market

Gold prices hold steady as US' inflation data takes centre stage

U.S. gold futures were down 0.2% to $1,737.00

Dollar eyes longest losing streak in a year ahead of US inflation data

Nevertheless, an upside surprise to inflation will easily cement market expectations of another outsized 75 basis points rate hike

India not defending rupee, does not need to: Chief Economic Adviser

"I don't think Indian fundamentals are such that we need to defend the rupee. The rupee can take care of itself," the country's chief economic adviser, V. Anantha Nageswaran, said.

Vedanta, Foxconn to invest $19.5 billion for chip project in Gujarat

Reuters was first to report on Monday that the joint venture obtained subsidies including on capital expenditure and electricity from Gujarat

India could grow at about 7% annually this decade: CEA Anantha Nageswaran

India should be able to grow at about 7% annually this decade as investment spending is expected to rise and the digital economy picks up, the chief economic adviser said on Tuesday

RBI may hike repo rates by 50 bps with inflation accelerating: Analysts

The Reserve Bank of India may raise interest rates by another 50 basis points this month after data showed inflation rose further above the central bank's tolerance limit in August, analysts said

Most Twitter shareholders vote in favour of sale to Elon Musk: Report

The deadline for the shareholder vote on the deal is Tuesday but enough investors had voted by Monday evening for the outcome to be certain

Google considers making some Pixel phones in India, says report

The company's Chief Executive Officer Sundar Pichai previewed a plan to manufacture in India earlier this year but a final decision has not yet been made, the report added.

Biden to hit China with broader curbs on US chip and tool exports

The letters forbade them from exporting chipmaking equipment to Chinese factories that produce advanced semiconductors unless sellers obtain Commerce Department licenses.