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Indian govt 'in no hurry' on medium-term inflation target: Report

India's government is in no hurry to push inflation, now hovering near 7% and eight-year highs, back to the central bank's 4% medium-term target for fear that aggressive rate hikes could hurt growth

Renewable Energy Development Agency to issue tenor bonds to raise Rs 400 cr

The state-run company has invited coupon and commitment bids from bankers and investors on Friday

Japan's Kirin in talks to triple investment in beer maker Bira: Report

Kirin, which first invested $30 mn in Bira for an under 10% stake last year, is set to pump in the additional funds at an equity valuation of $450 mn, say sources

Chipmaker Nvidia Corp launches new system for autonomous driving

DRIVE Thor would be able to replace numerous chips and cables in the car and bring down the overall system cost, although he did not give specific numbers on savings.

Offering taste of normality, McDonald's reopens in Kyiv 7 months into war

The branches only opened for delivery services but customers waited outside the restaurants anyway to collect their meals from the motorcycle couriers who were next to them

Gap eliminates 500 corporate jobs amid shrinking margins

The eliminated roles are mainly at its offices in San Francisco, New York and in Asia

Palihapitiya to wind down two SPACs as choppy markets drag valuations

The firms went public in October 2020 and raised $460 mn and $1.15 bn, respectively, which they intended to invest in businesses in the technology sector

Russia triggers plan to formally annex occupied Ukrainian regions

Four Russia-occupied regions announce referendum plans; votes will be held on whether to become part of Russia; Ukraine and the West regard votes as sham and illegal

Twitter to depose Elon Musk in Delaware on Sept 26-27

The two sides are locked in an increasingly acrimonious legal battle that has swept up of some of the biggest names in Silicon Valley and Wall Street

India starts debt-restructuring talks with Sri Lanka, vows support

"The discussions held in a cordial atmosphere symbolise India's support to early conclusion and approval of a suitable IMF programme for Sri Lanka," the High Commission said.

Wall Street drops 1% with all eyes on Fed policy decision on Wednesday

The benchmark US 10-year Treasury yield hit 3.58%, its highest level since April 2011; Ford sees additional $1 bn in inflationary costs, shares fall

Gold prices slip on strong dollar as markets await big Fed rate-hike

Spot gold fell 0.5% to $1,667.33 per ounce by 1224 GMT, snapping two consecutive sessions of gains.

Fiat Chrysler likely to block US sales of Mahindra 4x4s in trademark case

Fiat Chrysler received a second chance to permanently block U.S. sales of redesigned Roxor off-road vehicles made by Indian carmaker Mahindra & Mahindra Ltd

Rice shipments stuck at ports due to export ban; traders seek Centre's help

At least 20 ships are waiting to load around 600,000 tonnes of rice at Indian ports as New Delhi's surprise export restrictions have trapped cargoes for nearly a fortnight

Uber asks its India drivers to ensure rear seatbelts in their cars work

A source with direct knowledge also said Uber was conducting checks at airports to ensure its drivers were complying with seatbelt norms

Oil prices up but expected US Fed rate hike paints bearish picture

Brent crude futures for November settlement were up 41 cents, or 0.5%, to $92.41 a barrel at 0939 GMT

Cryptoverse: After Merge, ether heads for a $20-bn Shanghai splurge

The next significant upgrade for Ethereum is the 'Shanghai', expected by market participants in around six months' time, which is aimed at reducing its high transaction costs

SJM calls for cap on entry fees for online games amid regulatory push

"Ticket size should be regulated. It should not be more than 50 rupees. This is an addiction," said Ashwani Mahajan, an official of the Swadeshi Jagran Manch

World stocks muted, Sweden kicks off salvo of central banks' rate hikes

Sweden's central bank hiked rates by a greater than expected full percentage point on Tuesday and warned of more to come.

Winzo sues Google to stop new gaming policy, calls it discriminatory

Online gaming platform Winzo has sued Google to stop the tech giant from allowing real-money games for fantasy sports and rummy on its platform