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Chinese business confidence falls to lowest in almost a decade on Covid-19

The index fell to 48.1 in December from 51.8 in November, showed the World Economics' survey of sales managers at over 2,300 companies conducted Dec. 1-16

Yes Bank completes transfer of $5.81 bn worth bad loans to JC Flowers

Yes Bank's gross bad loan ratio edged down to 12.89% at the end of the Sept quarter from 13.45% at the end of June

India set to offer wheat to flour millers, biscuit makers to tame prices

Wheat prices have surged in India this year after a sudden rise in temperatures hit crop yields and output

India eyes quality control measures for rubber, cement industries: Report

India aims to implement quality control measures for the light engineering, rubber, cement and concrete building materials industry by next year, a government source said

Recovery in Asia M&A, stuck at 8-year-lows, rests on macro conditions

Deals are set to revive slowly as companies and funds watch out for easier macroeconomic conditions, they said. Hopes that Chinese companies will return to the market have strengthened

Festivity on hold for Asian stocks as prospect of rate hikes beckon

Japan is set to tweak its 2% inflation targeting policy, possibly giving the central bank more wiggle room

Oil prices climb on account of optimism over China's demand recovery

Brent crude futures rose 72 cents, or 0.9%, to $79.76 a barrel by 0103 GMT while U.S. West Texas Intermediate crude was at $74.89 a barrel, up 60 cents, or 0.8%

Banks reluctant to lend to e-bus makers on concerns of recovery of dues

Lack of funding is limiting the ability of e-bus makers to participate in federal govt tenders to supply to states, the sources told, threatening to slow the electrification of major public transport

CCI raids some steel firms for alleged price collusion, says report

In all around eight to nine offices of steel companies were searched, though names of other firms raided were not immediately clear

Britain's Labour Party works to become 'the party of business'

"They're asking a lot of questions," one large international investor in Britain said

Russia fires 70 missiles in one of its biggest blitz on Ukraine: Report

Either we'll win the war or world would be destroyed: Putin's key aide

Court lifts I-T department's block on Xiaomi's Rs 3.7K-crore funds

A court is yet to pronounce a decision on the case following Xiaomi's challenge

India to remain top buyer of Russia's Urals crude in Dec, says report

India is taking most of Russia's Urals crude oil loading in December as it remains top buyer for a second month in a row, according to traders and Refinitiv data

Air India jumbo order includes 190 Boeing MAX, 30 787s, say sources

The deal is also expected to include an unspecified number of Boeing 777X long-range jets, according to sources

Crude oil falls almost 3%, still set for weekly gain on demand hopes

The US Federal Reserve indicated it will raise interest rates further next year, even as the economy slips toward a possible recession. On Thursday, the Bank of England and the European Central Bank r

India preparing to launch 20% ethanol with gasoline: Hardeep Puri

India is preparing to launch sales of 20% ethanol with gasoline and will look to gradually raise its share of the cleaner fuel in its energy mix, the country's oil minister Hardeep Singh Puri said

Indian banks' loans rose by 17.5% y-o-y in 2 weeks till December 2: RBI

Indian banks' loans rose 17.5% in the two weeks to Dec 2 from a year earlier, while deposits rose 9.9%, the Reserve Bank of India's weekly statistical supplement showed on Friday

Spurt in India's liquidity surplus may not sustain through FY end: Experts

India's banking system liquidity surplus has averaged above 1.50 trillion rupees on a daily basis from Dec 1 to Dec 14, as against an average of around 500 billion rupees in November

Mirae Asset Mutual Fund aims to launch precious ETF by Q1 next year

Exchange traded funds back each security issued with physical stocks of a given commodity, creating a product considered free from counterparty risk

Govt had no outstanding loans from RBI in Dec 9 week, says central bank

The central government had no outstanding loans in the week earlier as well