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M&M in talks to raise up to $500 mn for EV push, says report

Mahindra is in early talks with global green funds and private equity firms, says a source with direct knowledge of the matter

Russia defends war in Ukraine as US, others call for accountability at UN

Russian Foreign Minister Sergei Lavrov accused Ukraine of creating threats against Russian security and 'brazenly trampling' the rights of Russians and Russian-speakers in Ukraine

India set to skip buying Russia's ESPO crude in Sept as freight costs jump

India, which rarely used to buy Russian oil, has emerged as Moscow's second biggest oil customer after China since Moscow's invasion of Ukraine in late February

Tech, financial stocks drag Wall Street lower as growth concerns mount

Nine of the 11 major S&P sectors declined, led by a drop of 2% in consumer discretionary and 1.5% in financial stocks; Eli Lilly up on FDA approval for cancer drug

Russian call-up sparks exodus by some men as air fares soar

President Vladimir Putin on Wednesday ordered Russia's first mobilisation since World War Two and backed a plan to annex swathes of Ukraine

Accenture warns of forex hit in 2023 amid strong IT services' demand

US firms with large overseas operations such as Microsoft and Salesforce have in recent months flagged the toll from the strongest greenback in two decades

RBI orders M&M Financial to stop loan recovery via third party

The shadow lending arm of the Mahindra Group can continue recovery or repossession activities through its own employees, the RBI said in a statement

Central banks raise rates again as Fed drives global inflation fight

Rates raised from Britain to Indonesia after Fed's Wednesday move; investors price in bigger hikes from ECB; Japan steps in as yen plummets; emerging market currencies under pressure

Gold prices pare losses as dollar pulls back; hawkish Fed weighs

Spot gold was down 0.2% at $1,670.40 per ounce by 0926 GMT, after dropping as much as 1% in the Asia session.

Tesla recalls nearly 1.1 mn US vehicles to update window reversing software

Tesla said it was not aware of any warranty claims, field reports, crashes, injuries, or deaths related to the recall

WhatsApp Pay India head Manesh Mahatme quits, joins Amazon: Report

Mahatme's exit comes at a critical time for Whatsapp, which is seeking to ramp up its payments service in a highly competitive market

Accenture sees Q1 revenue below estimates on IT spending cut, higher USD

Foreign exchange headwinds have intensified since Accenture's third-quarter results, with the US dollar at a two-decade high against a basket of currencies

Credit Suisse considers splitting investment bank in three: Report

Under proposals to the board, the bank is looking to sell profitable units such as its securitised products business to prevent a damaging capital raise, the report said

Rupee hits new low against US dollar as Asian peers tumble on Fed rate view

The rupee closed at a record low of 80.86 to the dollar, down from 79.9750 in the previous session

New York retains top position, Moscow sinks in financial centres ranking

New York remains the world's most favoured financial centre, with London still second and Singapore overtaking Hong Kong to come in third, latest rankings from the Global Financial Centre showed

Dollar hits new 24-year peak to yen as Bank of Japan stays dovish

The US dollar surged to a new 24-year high against the yen after the Bank of Japan stuck to ultra-easing stimulus

Retail inflation in Sept to rise to five-month high at 7.4%: Deutsche Bank

India's headline retail inflation is expected to rise to a five-month high of 7.4% in September, with the risk of going higher if the momentum of food and vegetable prices picks up further in the rest

Amid Fed rate hike Centre not averse to weaker rupee vs US dollar: Report

The comments come against the backdrop of aggressive rate hikes from the US Federal Reserve, which raised rates by 75 basis points overnight, vowing to battle to beat down inflation.

Indian rupee tipped to fall further after reaching record low: Analysts

The Indian rupee is likely to fall further after hitting a record low to the dollar on Thursday as the U.S. Federal Reserve hinted at more aggressive rate hikes to tame inflation

Dollar towering, Asian stocks cowering as Fed interest rates jump higher

The dollar surged to a fresh two-decade high and Asian stocks hit a two-year low on Thursday as the prospect of U.S. interest rates rising further and faster than expected spooked investors