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Covid toll on Indian economy deepens, jobs crisis to worsen: Reuters poll

Renewed restrictions have stalled economic activity, leaving many millions out of work and pushing economists to downgrade their views for the second time since early April

Indian states' fisc to depend on Covid infections, vaccinations: Icra

The rating agency has said that there may be a considerable variation across states depending on the impact of the Covid-19 infections, restrictions and vaccinations

Hyundai to slash its combustion engine line-up, invest in EVs: Sources

The move is expected to result in a 50% reduction in models powered by fossil fuels

SoftBank Group chief executive Masayoshi Son's pay fell by half last year

The disclosure ahead of SoftBank's annual general meeting on June 23 follows a turbulent year which saw the group pounded by the Covid-19 pandemic before rebounding to record profit

China's industrial profits growth slows in April amid high commodity prices

Profits at China's industrial firms rose 57% year-on-year in April to 768.63 billion yuan ($120.22 billion), down from 92.3% in March, data from the National Bureau of Statistics (NBS) showed

Dow, S&P 500 gain at open as weekly unemployment claims decline

Lower jobless claims pointed to an improving outlook for the US economy

BPCL may resume Iranian oil buying if no sanctions, needs concessions

India is the world's third largest oil consumer and importer

Workers at Ford's Chennai plant stage protest to seek halt amid Covid surge

The incident is the latest expression of discontent and reluctance among factory employees in Tamil Nadu, home to India's flourishing automobile industry, to work amid a surge in virus infections

US stock index futures dip ahead of weekly unemployment claims data

Investor focus on Thursday will be on the Labor Department's weekly jobless claims report, considered the most timely indicator of economic health.

Government scraps local trials for foreign vaccines to fast-track imports

Govt says working with Pfizer for earliest import; multiple rounds of talks held with J&J, Moderna

Cryptocurrencies turn choppy as bounce momentum ebbs; Bitcoin falls 4%

Cryptocurrencies slipped on Thursday but without falling through recent lows, as enough traders clung to hopes that the asset class can claw its way back from last week's plunge

Economy not as hard hit as 1st wave, uncertainties remain: RBI Report

India's economy has not moderated to the extent it did during the first wave but uncertainties can act as a deterrent in the short term, the Reserve Bank of India said on Thursday

Indian govt exceeded powers with encryption-breaking rule: WhatsApp filing

A rule drafted by the IT ministry will lead to a 'dangerous invasion of privacy' and was 'unconstitutional', says company in lawsuit.

Mehul Choksi held, faces repatriation to India after 'monumental error'

'We will not accept him back,' says Prime Minister of Antigua and Barbuda, from where the diamond merchant fled.

Oil slips on possible return of Iranian supply as nuclear talks progress

Brent crude fell 44 cents, or 0.6%, to $68.43 a barrel at 0220 GMT, erasing Wednesday's gain of 22 cents. Brent has traded between $68 and $69 for most of this week

Indian stock index to nudge past February's record high by year-end: Poll

India's main stock index will exceed the record high it hit before the latest coronavirus wave took hold by year-end, according to a Reuters poll of analysts, most whom predicted modest growth

Gold prices slip from 4-1/2-month peak as US dollar regains footing

Spot gold was down 0.1% at $1,894.88 per ounce by 0235 GMT, after hitting its highest since Jan.8 at $1,912.50 on Wednesday

Asian shares step back from 2-week highs, dollar holds one-week top

Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks were closer to considering winding back their emergency stimulus

Investors, Dutch court deliver 'stark warning for Big Oil' on climate

Investor support for climate concerns could force oil and gas companies to rethink how fast they pivot to other forms of energy

Wall Street CEOs get heat from Congress over social justice, fees & wokeism

the Wall Street bosses frequently found themselves under fire from both sides of the aisle, Democrats and Republicans