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Vodafone CEO Nick Read to step down from the post by end of month

The mobile group's chief financial officer Margherita Della Valle will take over as interim group chief executive, Vodafone said

Foxconn sees Covid-hit China plant back at full output in Dec-Jan: Report

Analysts say Foxconn assembles around 70% of iPhones, and the Zhengzhou plant produces the majority of its premium models including iPhone 14 Pro

Gold clings near $1,800 on soft dollar as China relaxes Covid-19 curbs

Spot gold ticked 0.1% lower to $1,796.17 per ounce by 0938 GMT, after touching its highest level since July 5 at $1,809.91

Oil prices rise after OPEC+ keeps output steady, Russian price cap imposed

At the same time, in a positive sign for fuel demand in the world's top oil importer, more Chinese cities eased COVID-19 curbs over the weekend

Global central banks extend rate hike push in Nov as inflation soars

The latest moves have brought total rate hikes in 2022 from G10 central banks to 2,400 bps

Former FTX CEO Sam Bankman-Fried to testify before US House committee

The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the collapse of FTX and expects to hear from the companies and individuals involved in it

Govt plans federal oversight of all real-money online games: Report

An Indian panel tasked with drafting the regulation in August proposed a new body to decide whether a game involves skill or chance, and then let skill games be governed by planned federal rules

Kerala will proceed 'no matter what' with protest-hit Adani port: Minister

The protesters say the huge project causes coastal erosion that has undermined their livelihoods, calling for a complete halt on the construction

German strategy paper targets China trade dependence, says report

Executives from firms including chemicals giant BASF , Deutsche Bank and industrial group Siemens pushed back on the government's plans in a call with Economy Minister

Vladimir Putin is open to talks and diplomacy on Ukraine, says Kremlin

The premier replying to US President Joe Biden' comment stating his willingness to speak with Putin but with conditions, said the the West must accept Moscow's demands

Strong jobs growth in the US has Federal Reserve in a fix: Report

Hiring remains strong despite technology companies, including Twitter, Amazon, and Meta announcing thousands of jobs cuts

Oil prices remain steady ahead of OPEC+ meeting, EU Russian oil ban

Brent crude futures were up 14 cents, or 0.2%, at $87.02 per barrel by 1008 GMT. U.S. West Texas Intermediate (WTI) crude futures inched up 5 cents, or 0.1%, to $81.27 per barrel

India extends deadline to levy cap on digital payment transactions

India has decided to extend the deadline on capping the share of digital payment transactions by about two years to Dec. 31, 2024, the National Payments Corporation of India (NPCI) said on Friday

Dollar slips to 5-month low, yuan set for biggest weekly gain since 2005

The dollar index, which measures the currency against six major peers including the yen and euro, fell 0.2% to 104.47, having earlier touched its lowest level since June 29 at 104.36

India's forex reserves rise for third straight week to $550.14 billion

India's foreign exchange reserves rose for the third straight week, to $550.14 billion in the week through November 25, RB) weekly statistical supplement showed on Friday

After FTX collapse, pressure for tougher crypto rules to protect meltdown

Policymakers have for years highlighted the need for effective rules on the crypto industry, pointing to risks to consumers after a string of big market crashes and corporate failures

Chip shortage to cause bigger hit to Dec production: Maruti Suzuki India

Maruti Suzuki India Ltd, the country's top carmaker, said on Friday it expected a shortage of electronic components to impact its production in December more than in recent months

India G20 presidency 2023: What does it mean and what can we expect

G20 currently comprises 19 countries cutting across continents and the European Union, representing around 85% of the world's GDP

Maruti Suzuki plans price hike in Jan due to inflation-led cost pressure

Maruti Suzuki said the price hike would vary across models

Rupee premiums close to bottoming, RBI key moving part, says report

The 1-year rupee overnight index swaps declined about 30 bps in November, helped by a better inflation outlook domestically