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Adani Green Energy's CEO Amit Singh to step down for new role in group

He will be replaced by Ashish Khanna starting April 1, who is the current CEO of the group's international energy business

US announces $5.9 billion in additional military, budget aid to Ukraine

Treasury Secretary Janet Yellen said the United States has made available $3.4 billion in additional budget aid to Ukraine, giving the war-torn country critical resources

Rajat Verma appointed as DBS Bank India CEO, to succeed Surojit Shome

In a statement, DBS said Verma, current head of institutional banking group at DBS Bank India, had been appointed, effective from March 1, in line with RBI approval

Govt signs Rs 1,990 crore defence deal with Mazagon Dock Shipbuilders

The ministry also signed a Rs 870 crore ($102 million) contract with France's Naval Group for integration of torpedoes on Indian navy submarines

Banks' gross bad loan ratio seen worsening by March 2026: RBI report

This key measure could rise to 3 per cent by the end of March 2026 from a 12-year low of 2.6 per cent in September 2024 for 46 banks under the so-called baseline scenario

China urges more aid for people in need as economic challenges persist

China's economy has struggled to gather steam this year, mainly due to a protracted property crisis and weak domestic demand

Indian firms raise record funds via corporate debt in 2024; to rise further

Indian firms raised Rs 10.67 trillion ($124.81 billion) through the sale of bonds till Dec. 27, a 9 per cent jump over 2023, data from information provider Prime Database showed

RBI should rethink forex strategy, loosen hold on rupee in 2025: Economists

The rupee's overvaluation relative to its trading partners makes India's exports more expensive. This is the most overvalued the rupee has been since 2004, RBI data showed

Rupee gains slightly as very-near-tenor dollar-rupee swap rates surge

Despite last week's slump, the rupee has fared better than most of its Asian peers over the December quarter

BPCL buys Middle East crude oil to replace declining supply from Russia

India became a top buyer of Russian seaborne oil after the European Union shunned purchases and imposed sanctions on Moscow following its invasion of Ukraine in 2022

Philippines' Marcos signs into law record $109 billion budget for 2025

The spending is higher than a projection of 6.18 trillion pesos announced earlier this month, when revenue was forecast at 4.64 trillion pesos and the budget deficit at 5.3 per cent of GDP

South Korea orders air safety probe after country's worst crash kills 179

Top priority for now is identifying the victims, supporting their families and treating the two survivors, Choi told a disaster management meeting in Seoul

Martial law row: South Korea investigators request arrest warrant for Yoon

It is the first time that an arrest warrant has been sought for a sitting president in South Korea

Oil prices inch lower in thin trade, investors eye China and US data

Brent crude futures fell 6 cents to $74.11 a barrel by 0111 GMT while the more active March contract was at $73.73 a barrel, down 6 cents

World leaders mourn passing of longest-serving former US Prez Jimmy Carter

According to the Carter Center's statement from February 2023, after a series of hospital stays, the former US President decided to stop further medical treatment and spend his remaining time at home

Chinese Salt Typhoon hackers target AT&T, Verizon but networks secure

An independent and highly respected cyber security firm has confirmed the containment, Verizon said

Experts question bird strike as cause of fatal Jeju air crash in S Korea

South Korean officials said they were investigating the cause of the crash of Jeju Air Flight 7C2216, including a possible bird strike

Crashed plane was shot at from Russia, says Azerbaijan Prez Ilham Aliyev

President Vladimir Putin on Saturday apologised to Aliyev for Wednesday's "tragic incident" in Russian airspace involving the plane after Russian air defences engaged Ukrainian attack drones

ECB likely to delay next rate cut due to recent increase in inflation

Euro zone annual inflation accelerated in November to 2.2 per cent from 2.0 per cent a month earlier and above the ECB's 2 per cent target rate

Passengers claim hearing bangs before Azerbaijan plane crash that killed 38

Previous disasters include the shooting down of Ukraine International Airlines Flight PS752 in 2020 by Iran's traders. Revolutionary Guards, killing all 176 people on board