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Credit Suisse looking at cutting around 5,000 jobs in cost drive: Report

Credit Suisse in July named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 bn in costs

WhatsApp takes down 2.4 million bad accounts in India in July: Report

Of the accounts barred, 1.42 million were "proactively banned," before any reports from users

NSE to add Adani Enterprises to benchmark index by removing Shree Cement

India's National Stock Exchange (NSE) will add Adani Enterprises, the flagship company of Indian coal-to-edible-oils conglomerate Adani Group, to its benchmark Nifty 50 index effective Sept 30

Dollar hits 20-year high as data support aggressive Federal Reserve

The U.S. currency firmed after a government report showed that the number of Americans filing new claims for unemployment benefits declined further last week

Starbucks Corp names former Reckitt head Laxman Narasimhan as new CEO

Narasimhan was CEO of Reckitt, which also makes Durex condoms, Enfamil baby formula and Mucinex cold syrup

India could approve sugar exports in two tranches from Oct: Report

India is set to allow sugar exports in two tranches for the next season beginning in October, as the world's biggest producer of the sweetener tries to balance the interests of farmers and consumers

CPPIB, Petronas, Arcelormittal among 13 to bid for NTPC's green energy unit

The Canada Pension Plan Investment Board (CPPIB), Malaysian state-run Petronas and Arcelormittal SA are among the 13 bidders for a minority stake in the green energy unit of India's NTPC Ltd

Japan's Nippon Steel aims to almost double Indian unit's output capacity

The expansion plan comes despite a growing concerns about a slowdown in the global economy amid rising interest rates and weaker demand in top buyer China

RBI unlikely to accept NBFCs' requests for bad-loan exemptions: Report

Under the new norms, shadow banks will have to recognise bad loans on a daily basis, rather than monthly, as some now do

Twitter tests long-awaited edit button, will roll out to paid subscribers

For years, Twitter users have demanded the ability to edit their tweets after publishing in order to fix errors like typos

New US curbs on sales of Nvidia AI chips to China spark selloff

The action by Washington comes as tensions rise over access to advanced chip technology and the future of Taiwan, where Nvidia and nearly all other big semiconductor companies source their chips from

Dollar jumps to 20-year high as data supports aggressive Fed hike

The report also showed that layoffs dropped in August, despite hefty interest rate increases from the Fed to quell inflation, which have raised the risk of a recession

Wall St slides for fifth straight day on rate hike jitters; Nasdaq falls 2%

All eyes on August nonfarm payrolls report on Friday; Nvidia, AMD falls after US export ban on AI chips to China

India's August diesel demand slumps due to monsoon rains and inflation

Fuel demand in India, the world's third biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are hit by heavy floods

Oil prices tumble 2% as China's Covid-19 lockdowns stoke demand fears

Asia's factory activity slumped in August as China's zero-COVID curbs and cost pressures continued to hurt businesses, surveys showed on Thursday

Global factory activity slumped in August but signs cost pressures easing

Manufacturing activity was weak in countries ranging from Germany to Britain to China in a sign sluggish demand was adding to headaches for companies already suffering from lingering supply constraint

Rupee avoids sell-off against a rampant USD, closes flat on oil price drop

The partially convertible rupee eased 0.1% to 79.5550 per U.S. dollar, having firmed up to a more than two-week high of 79.31 during the session

India could soon approve sugar exports in two tranches, says report

Exports by India, which has restricted shipments in the current season, could weigh on global prices, and help swell supplies across Asia

India wants local settlement if its bonds join global index, says report

Media reports last week said JP Morgan had started new consultations with investors about adding India to its emerging market index, rekindling expectations of an imminent listing

Dish TV shares surge 20% as chairman set to exit after Yes Bank tussle

The company on Tuesday said Goel would not opt for a re-appointment on its board and independent director Bhagwan Das Narang would vacate office after his term expired