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Amit Shah likely to be FM; investors say he will 'get things done'

Amit Shah will probably need to move quickly to stimulate an economy beset by weak farm incomes, slow jobs growth and falling sales of key consumer goods including cars and motorbikes

Huawei's pain may be Samsung's gain in the ongoing trade war, says Fitch

Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and updates to Huawei

Economy in focus as Modi starts second term without key aide Arun Jaitley

Nearly 8,000 people, including leaders of the decimated opposition bloc, are expected to attend the ceremony that will fete the incredible rise of 68-year-old Modi

Economy big worry for PM Modi in second term, needs stimulus: Ficci

Domestic consumption is not growing fast enough to offset a weakening global economic environment, says FICCI.

Uber loses $1bn in first quarter due to high spending on food, drivers

Revenue of $3.1 billion matched the high end of the range Uber forecast for the quarter and the loss of $1.0 billion compared with the company's forecast of $1.0 billion to $1.11 billion

US suspension of trade programme with India 'a done deal', says US official

President Trump announced in March he would end India's access to the decades-old Generalized System of Preferences (GSP) trade program over what the U.S. said was lack of access to India's market

Hurt by trade war, China's factory activity shrinks more than expected

The official Purchasing Managers' Index (PMI) fell to 49.4 in May from 50.1 in April, data from the statistics bureau showed

Kim Jong Un executes officials after failed US-North Korea summit: Report

The North Korean leader is believed to be carrying out a massive purge to divert attention away from internal turmoil and discontent

Economy seen limping behind China as Modi enters second term: Report

Reuters poll forecasts GDP grew 6.3% in January-March quarter; slowest since late 2017

Alibaba to raise $20 billion through second listing in Hong Kong: sources

A second listing will give Alibaba the war chest it needs to keep investing in technology

Delayed visas, plunge in migration chokes business in New Zealand

Unemployment is at decade lows, though at 4.2% it is not unusually low by global standards

Fiat Chrysler, Renault pursue $35 bn merger to combat car industry upheaval

Shares in both companies jumped more than 10 per cent as investors welcomed the prospect of an enlarged business capable of producing more than 8.7 million vehicles a year

Imran Khan snubbed; BIMSTEC leaders invited for Modi's swearing-in: Report

Leaders of Bangladesh, Myanmar, Sri Lanka, Thailand, Nepal, and Bhutan - all members, with India, of the little-known BIMSTEC - have been invited to Modi's swearing-in

Vedanta CEO open to dialogue with Zambia, but says will defend KCM rights

The Zambian government is pressing for the liquidation of KCM, which it has accused of breaching its operating licence

Iran says will defend itself against aggression as Iraq offers support

Strains have increased between Iran and the United States after this month's attack on oil tankers in the Gulf region.

China revs up censorship as 30th anniversary of Tiananmen Square approaches

Chinese AI-based online censors will block out any content related to the "sensitive issue"

Defying US Congress, Donald Trump okays military sales to Saudis, UAE

Members of Congress had been blocking sales of offensive military equipment to Saudi Arabia and the United Arab Emirates

Volkswagen to step up talks with Northvolt on planned battery project

Volkswagen earlier this month pledged to spend 1 billion euros ($1.12 billion) on the project, which it says depends on certain economic pre-conditions, such as subsidised electricity

Novartis' $2-mn therapy for rare disorder is world's most expensive drug

Novartis executives defended the price, saying that a one-time treatment is more valuable than expensive long-term treatments

China's top banking regulator says yuan bears will suffer 'heavy losses'

China's central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening