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Markets regulator to restart review of $440 mn Digit Insurance IPO: Report

SEBI has agreed with Digit's reasoning and decided to remove the IPO's "abeyance" status from Monday and restart the review process, the two sources said

European Union approves energy windfall profit levies, says report

Ministers from the 27 EU member states approved levies on energy firms' windfall profits to try contain an energy price surge aggravated by Russia's war against Ukraine.

Wall Street keeps stocks down as US dollar rises on higher inflation

The declines Friday cap a week of global market turmoil in which recession fears already sapped stocks and currency markets were rocked by dollar strength

Comprehensive trade deal with EU could make India an export hub: Mercedes

In June, the EU and India relaunched talks for a free trade agreement with the aim of completing them by the end of 2023

Amazon India rolls out live-stream shopping to drive festive season sales

Live-stream shopping events are hugely popular in China, with those on Alibaba Group Holding's Taobao and Bytedance's Douyin driving millions of dollars in sales

Oil set for weekly gain as dollar weakens, OPEC+ considers output cut

Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07%, to $89.44 a barrel by 0948 GMT. The more active December contract was up 81 cents at $87.99

Japan's Daikin to begin assembling ACs in Nigeria in renewed push

Japan's Daikin Industries Ltd will begin assembling air conditioners in Nigeria as it renews a push into Africa that had been delayed by the COVID-19 pandemic, a regional head said on Thursday.

Gold heads for biggest quarterly drop since early 2021 on Fed rate hikes

Gold prices were set on Friday for their biggest quarterly fall since early 2021, as aggressive interest rate hikes by the US Federal Reserve and commitment to deliver more

India's current account deficit widens in April-June quarter: RBI

In absolute terms, the current account deficit (CAD) stood at $23.90 billion in the first quarter of fiscal year 2022/23, its highest since the December quarter of 2012

Asian shares see worst month since pandemic's onset on recession concerns

The Asian index was set to record a staggering 12.5% drop for the month, the largest since March 2020 when the Covid-19 pandemic threw financial markets into chaos

India falls short on FTSE Russell EM government bond index inclusion

Global index provider FTSE Russell said India will remain on the watch list for inclusion in the FTSE Emerging Markets Government Bond Index, dashing market hopes of its entrance into the index

LNG markets may tighten further in 2023 as demand likely to rise: IEA Chief

LNG markets in 2023 may be tighter than this year as demand may rise in China, India and other parts of Asia, the head of the International Energy Agency (IEA) said

Google to wind down Stadia streaming service three years after launch

Stadia was an attempt from Alphabet Inc.'s Google to take on the video game console giants with a platform of its own

Wall Street tumbles on growing concerns over economic growth

S&P 500 index back at near two-year lows; airlines, cruises fall on cancellations due to Hurricane Ian; CarMax slumps on missing second-quarter expectations

Porsche shares rise despite weaker markets after landmark $72-bn listing

Volkswagen priced Porsche AG shares at the top end of the indicated range and raised 19.5 billion euros from the flotation to fund the group's electrification drive

Indian Oil Corporation sets up new unit for treasury operations

India's top refiner Indian Oil Corp has set up a subsidiary to pool the funds of its overseas units in order to meet capital and trade finance needs, it said in a statement on Thursday

Sterling volatile as PM Truss defends tax-cutting plan, euro drops

In the face of nagging doubts about Britain's economic management and the outlook for global growth, sterling was 0.19% lower at $1.0866 at 1125 GMT, after falling to $1.0764 earlier

Oil prices rise towards $90 as OPEC-plus considers output cut

Brent crude futures rose 52 cents, or 0.6%, to $89.84 a barrel by 1027 GMT and U.S. crude futures rose by 52 cents, or 0.6%, to $82.67

Bed Bath & Beyond quarterly loss widens on merchandising issues

Bed Bath's stock and fortunes have slumped after its move to sell more store-branded products flopped and led to a reshuffle of its management team earlier this year

BBC World Service proposes scrapping 382 posts in digital-only push

BBC said that no language services will close, and that its proposals were subject to consultation with staff and trade unions