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Vedanta picks Gujarat for $20-bn semiconductor foray with Foxconn: Report

Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, says a source

Drop in India's forex reserves worrisome as inflows slow down: Economists

India's forex reserves declined to $553.1 bn in the week ended Sept. 2, their lowest since Oct. 2020 and down by $8 bn from the previous week, RBI data showed on Friday

Euro jumps to 3-week peak on hawkish ECB signals, weakening dollar

In addition, ECB policymakers see growing risks they will have to raise their key interest rate to 2% or more to curb record inflation in the euro zone

Gold price ticks up as dollar slips, US inflation data in investors' focus

While gold is traditionally considered an inflation hedge, rate hikes translate into a higher opportunity cost for holding bullion, which pays no interest

King Charles addresses parliament, heads to Scotland for queen's vigil

New king visits parliament for message of condolence; Charles then flies to Edinburgh, to keep vigil; Queen Elizabeth's coffin to move from palace to cathedral; Prince Harry pays personal tribute

Whistleblower payment doesn't breach deal terms as claimed by Musk: Twitter

In a letter to Twitter on Friday, lawyers for Musk said Twitter's failure to seek his consent before paying $7.75 million to whistleblower Peiter Zatko and his lawyers violated the merger agreement

HDFC CEO sees pickup in home loan demand in India despite rate hikes

'The economy is buoyant, the feel good factor is high, affordability is better so people are comfortable buying houses even if rates are slightly higher,' says Keki Mistry

Ethereum blockchain to undergo major software upgrade to cut energy use

'Merge' software upgrade to take place in coming days; Google estimates Merge will happen on Thursday

India's rice export curbs paralyse trade in Asia as prices rise: Industry

"India accounts for more than 40% of global shipments. So, nobody is sure how much prices will rise in the coming months," said Himanshu Agarwal, executive director at Satyam Balajee

European shares, euro jump on Ukrainian advances in Kharkiv province

The news of Ukrainian advances also helped lift the euro, which extended last week's post European Central Bank (ECB) gains to rise to its highest against the dollar in almost four weeks

Singapore hoping special work visa will draw global 'rainmakers'

The regional financial hub announced new rules two weeks ago to draw expatriates earning at least $21,452 a month, offering them 5-year visas that would automatically allow their spouses to work also

Amazon India to halve the fee for new sellers in festival season

Amazon Indian said it will halve the fee for new sellers on its platform as the e-commerce giant gears up for the festive season in one of its key markets.

Xi Jinping to meet Putin in first trip outside China since Covid began

Against a backdrop of Russia's confrontation with the West over Ukraine, the crisis over Taiwan and a stuttering global economy, Xi is due on a state visit to Kazakhstan on Wednesday

Queen Elizabeth's coffin travels through Scotland, mourners line streets

Queen's coffin leaves Balmoral castle where she died; funeral will be held on Sept 19

Ukraine forces advance north after fall of Russian stronghold

Ukrainian forces have advanced north from Kharkiv to within 50 km of the border with Russia and are also pressing to the south and east in the same region, Ukrainian chief commander said on Sunday

Officials arrest mastermind behind fraudulent shell firms with China links

Indian authorities said they had arrested a man who had masterminded the creation of many shell companies linked to China and appointed dummy directors to run the fraudulent businesses

Oil prices surge 4% on supply cut threats, still set for weekly drop

Brent crude rose $3.69, or 4.1%, to settle at $92.84 a barrel. U.S. West Texas Intermediate (WTI) crude rose $3.25, or 3.9% to settle at $86.79 a barrel

Gold gains as dollar dip staves off some pressure from rate hike prospects

Spot gold rose 0.5% to $1,716.30 per ounce by 1:55 p.m. ET (1755 GMT), after rising to its highest since Aug. 30 earlier in the session. U.S. gold futures settled 0.5% higher at $1,728.6

Stocks rise as tech, growth shares lead; 2-year US yields at 14-year highs

On Wall Street, all three major indexes ended with gains of at least 1%, scoring their first weekly increase in four weeks

China oil demand may shrink first time since 2002 as Covid curbs bite

China's demand for gasoline, diesel and jet fuel could fall by 380,000 barrels per day (bpd) to 8.09 million bpd in 2022, which would be the first contraction since 2002