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Nomura raises India's CAD estimate on fears of slowdown in export

Research house Nomura expects CAD as a share of the gross domestic product to triple this fiscal year, saying that a global economic slowdown will further skew the country's trade imbalances

Kirit Parikh panel to review local gas pricing formula to tame inflation

India links local gas prices to a formula tied to global benchmarks, including Henry Hub, Alberta gas, NBP and Russian gas with a lag of one quarter

Matrimony.com launches app catering to India's LGBTQIA+ community

Matchmaking site Matrimony.com Ltd has launched a new app catering to the members of the LGBTQIA+ community, the company said

Gold pares gains as US dollar strengthens, rate-hike fear dominates mood

Spot gold was up 0.1% at $1,712.09 per ounce as of 1018 GMT. Prices hit a one-week high, rising nearly 1%, earlier in the session

Sri Lanka has an IMF deal, now seeking debt relief from China and India

Spending cuts, tax hikes and debt write-downs are a common formula for bankrupt countries, but crisis veterans say there are some uniquely difficult elements here

India gives coal-fired plants extra 2 years to install emissions equipment

Indian cities have some of the world's most polluted air. Thermal utilities, which produce 75% of the country's power, account for some 80% of industrial emissions of sulphur- and nitrous-oxides

SoftBank plans $35 million bet on India's GoMechanic, says report

SoftBank has for years been a prominent backer of Indian startups, investing close to $4 billion last year alone, according to data from Venture Intelligence

India's crude oil supplies to come mostly from Gulf: Hardeep Singh Puri

Indian refiners have been snapping up relatively cheap Russian oil, shunned by Western companies and countries since sanctions were imposed against Moscow.

Curtains drawing on rising global house prices as interest rates grow: Poll

A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost of living, according to Reuters polls of housing analysts

EU gas prices surge 30% as Russia shuts main pipeline: Report

The Dutch TTF October gas contract had eased to 256 euros, up 23 per cent on the day by 0723 GMT but almost 400 per cent higher than a year ago.

Euro falls below 99 cents hitting 20-year low on Russian gas halt concerns

The euro fell below 99 cents for the first time in nearly two decades, while sterling was on the ropes on Monday as Russia's halt on gas supply down its main pipeline to Europe sparked concerns

Liz Truss vows tax cuts after winning vote to become next British PM

Truss beats ex-finance minister Sunak to be new PM; Boris Johnson to formally step down on Tuesday; new leader faces cost of living, energy price crisis

Russia blames Europe for gas crisis, warns West of oil retaliation

Europe to blame for Nord Stream 1 shutdown, says Kermlin and warns of retaliation over G7 oil price cap; European gas prices rocket 30%, shares fall

Oil jumps $3 as OPEC-plus plans to cut oil output targets by 100,000 bpd

Oil prices have fallen in the past three months from multi-year highs hit in March, pressured by concerns that interest rate increases and Covid curbs in parts of China could dent oil demand

Britain's Liz Truss expected to be named Conservative leader, new PM

After weeks of an often bad-tempered and divisive party leadership contest that pitted Truss against Rishi Sunak, Monday's announcement will trigger the beginning of a handover from Boris Johnson

Gold firms above $1,700/oz on hopes of less aggressive rate hikes by Fed

The European Central Bank is due to meet later this week, where it is expected to deliver a large 75 basis-point interest rate hike to tame record high inflation

Oil prices jump over $2 ahead of OPEC-plus meeting to discuss output cut

Russia, the world's second-largest oil producer and a key OPEC+ member, does not support a production cut at this time and the producer group is likely to decide to keep output steady

Rate hikes not to affect housing demand, Bengaluru to lead price rise: Poll

The buoyant outlook for India's housing market has barely changed in the last three months despite the Reserve Bank of India embarking on its most aggressive tightening cycle in a decade

Index inclusion of Indian bonds a good bet for long run: Morgan Stanley

Morgan Stanley sees a "good chance" of JPMorgan including Indian government bonds in its index, and recommended going long on the 10-year benchmark bond yield

Oil prices surge to more than $1/barrel ahead of OPEC+ supply cut prospect

Oil prices jumped more than $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to tweak production and support prices at a meeting later in the day