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Gambia hires US law firm for action on toxic Indian cough syrup: Report

Gambia has hired a U.S. law firm to explore legal action after a government-backed investigation found that contaminated medicines from India were "very likely" to have caused the deaths of children

Russia says US accessed thousands of Apple's phones in a spy plot

Neither Apple nor the NSA immediately responded to emailed requests for comment outside usual US business hours

Reserve Bank to conduct 14-day VRRR auction worth Rs 2 trillion today

India's banking system liquidity surplus has received a boost over the last few days and rose to Rs 1.76 trillion

GQG adds more Nvidia, considers increasing exposure to Adani, says CIO

Jain said the asset manager is considering raising its exposure to Adani by participating in capital increases the group announced in May.

Higher leasing bills, jet recovery dispute will hit airline costs: AerCap

Tribunal last month granted request from 6th-largest carrier for bankruptcy protection, putting into effect moratorium on its assets that prevents foreign lessors from taking planes out for a year

US manufacturing dips for seventh straight month in May; employment rises

The Institute for Supply Management (ISM) said on Thursday that its manufacturing PMI fell to 46.9 last month from 47.1 in April

Will end monopoly on petrol supplies: Nigeria's NNPC after tripling prices

Nigeria's state owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television, a day after it nearly tripled prices at its fuel stations countrywide

OPEC+ unlikely to extend oil supply cuts at upcoming June 4 meeting

As the economic outlook worsened, several members of OPEC+ in April pledged voluntary cuts starting from May and to continue to the end of the year

Services exports in April rises by 7.5% on year to $25.84 billion

India's services exports in April rose 7.5% on year to $25.84 billion, while imports recorded a 3.1% decline to $13.63 billion, provisional data published by the Reserve Bank of India showed

India clocks robust SUV sales in May, two-wheeler volumes rise

However, SUV sales have been limited to a certain extent due to supply issues for parts, particularly chips

JPMorgan hikes India's FY24 GDP forecast to 5.5%; warns of global slowdown

The economy also grew at a better-than-expected 7.2% for fiscal 2023

Lanka central bank unexpectedly cuts rates by 250 bps as inflation eases

The index peaked at a 69.8% year-on-year surge in September last year. The national inflation rate was at 33.6% in April, easing from 73.7% in September

China's factory activity swings to surprise growth in May: Caixin PMI

The manufacturing subindexes showed factory output rose at the fastest clip in 11 months while new orders including new exports expanded in May.

Investors relieved as US House passes debt ceiling Bill; Senate in focus

Asian markets were trading higher when the bill cleared the house and held their gains. Investors nudged S&P 500 futures from slightly negative back to flat. Treasury yields rose marginally

US set to allow GE to make engines in India for New Delhi's military jets

A deal finalizing the joint production of the engines is expected to be inked and announced by the time President Joe Biden hosts Indian PM Narendra Modi for an official state visit on June 22

ISMC's semiconductor facility plan in India stalled after Tower-Intel deal

A second mega $19.5 billion plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly

European Union for greater transparency for default swaps on 8 banks

US banks saw total deposits decline by a record 2.5 per cent in the first quarter of 2023

GE eyes India boost as foreign travel spurs demand for bigger planes

Airlines in India, a country of 1.4 billion people, still have just 50 widebody planes deployed for long-haul travel, something GE sees changing as more Indians splurge on travel

Sugar mills export entire quota of 6.1 mn tonnes, cash in on high prices

Mills were getting more than Rs 50,000 ($604.6) per tonne from the overseas sale against the local price of 36,500 rupees, dealers said

Bengaluru may need Rs 2,800 cr to fix drainage, avoid flooding: Report

The report projected a jump in population to 18 million by 2031 from an estimated 12.3 mln in 2022. The area within city limits more than tripled in 2011 to 741 square kilometres from 1995 levels