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Govt panel calls for regulatory body, new law for online gaming: Report

In its confidential draft report dated Aug 31, the panel of govt officials calls for creation of a new regulatory body under IT ministry to determine which online games qualify as games of skill

Shell Plc's new CEO Wael Sawan: Here are some facts on the new boss

Shell named Wael Sawan, head of its integrated gas and renewables division, as the group's chief executive officer, replacing Ben van Beurden

Gold dips to near 2-month low as sharp rate-hike bets bolster dollar

Meanwhile, International Monetary Fund chief Kristalina Georgieva said on Wednesday central bankers must be persistent in fighting broad-based inflation

US railroads reach tentative deal with workers, averting a strike

US President Joe Biden announced the deal in a statement early Thursday morning, calling it 'a win for tens of thousands of rail workers who worked tirelessly through the pandemic'

Oil price steadies as demand concerns weigh, supply worries support

Crude has dropped substantially after a surge close to its all-time highs in March after Russia's Ukraine invasion added to supply concerns, pressured by the prospects of recession and weaker demand

European stocks fend off Fed rate hike risks, yen drops to 24-year low

The broader focus however remained squarely on the risk of rising interest rates and painfully high energy prices causing recessions

Indian rupee weakens 0.3% to 79.69 as oil companies soak up dollars

The rupee snapped a four-day winning streak on Wednesday after hotter-than-expected US consumer inflation data earlier this week bolstered bets of a third large rate hike by the Fed next week

Saudi Arabia overtakes Russia to be India's no 2 oil supplier in August

Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August

Dollar stands tall as market focus swings back to US Federal Reserve

The Japanese currency hovered at 143.02 in Asia after jumping on Wednesday when the country's central bank checked on exchange rates with banks - a possible preparation for yen buying

Oil prices surge on weakening dollar, potential supply disruptions

Brent crude futures rose 38 cents, or 0.4%, to $94.48 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude rose 46 cents, or 0.5%, to $88.94

Traffic, water shortages, now floods: Is Bengaluru dying a slow death?

Concrete replaced green spaces and construction around the edge of lakes blocked off connecting canals, limiting the city's capacity to absorb and siphon off water

Oil up by 1% to $94.10 a barrel on supply concerns, expected fuel switching

Brent crude futures settled up 93 cents, or 1%, at $94.10 a barrel, while U.S. West Texas Intermediate crude ended $1.17, or 1.3%, higher at $88.48.

US considers sanctions on China to deter it from invading Taiwan: Report

The idea is to restrict some trade and investment with China in sensitive technologies like computer chips and telecoms

India's trade with Russia in rupees to start soon, says FIEO's President

Indian companies are already swapping out dollars and euros for Asian currencies to settle trades to avoid Western sanctions on Russia

Central bankers must be 'stubborn' in fighting inflation: IMF's Georgieva

If fiscal policy & monetary policy worked well, next year might prove less painful. But if fiscal policy was not targeted sufficiently, it could become the enemy of monetary policy, fueling inflation

Yen jumps vs USD after BOJ rate check, hints on intervention, US PPI data

In a rate check, central bank officials call up dealers and ask for the price of buying or selling yen. However, actually intervening to support the currency would be a larger step.

Oil rises 2% on supply concerns, expectations for gas-to-oil switching

Brent crude futures rose by $1.86 a barrel, or 2%, to $95.03 by 11:58 a.m. EDT (1558 GMT). U.S. West Texas Intermediate crude gained $2.06, or 2.4%, to $89.37.

Wall Street edges higher after rout on rate hike worries; Tesla up 1.5%

Traders price in 37% chance of 100 bps rate hike next week; Starbucks projects strong profit growth over next three years

EU seeks $140 bn from energy firms to insulate consumers from energy crisis

European gas and power prices have rocketed this year as Russia cut fuel exports to retaliate for Western sanctions over its invasion of Ukraine

King Charles and sons follow coffin for queen's last journey from palace

Queen's coffin begins journey from palace to parliament; four days of lying in state, large queue forming