Page 849 - Reuters/workspace/business Standard Web/video

India committed to importing 2.6 mn tonnes of palm oil products: Indonesia

India is committed to importing 2.6 million tonnes of palm oil products worth $3.16 billion, Indonesia's trade minister said in a statement on Tuesday

India forced Twitter to put agent on payroll, says whistleblower

Indian govt had forced Twitter to put one of its agents on the payroll with access to user data, alleges ex -security chief

Twitter's ex-security chief says company lied about security, bots: Report

Twitter executives don't have the resources to fully understand the true number of bots on the platform, and were not motivated to, says Peiter Zatko

Alteria Capital in talks to raise up to Rs 3,500 cr for third fund

Alteria, counted among the top three venture debt firms in India, boasts of Rs 2,800 cr in AUM and a portfolio that includes at least eight startups valued at $1 bn or above

Nasdaq ticks up on hopes of less aggressive rate hikes after weak PMI data

US composite PMI at lowest since February 2021; Zoom tumbles on weak forecast; Macy's shares rise on earnings beat

Dollar, treasury yields slip as US data suggests less hawkish Fed

Gold snapped a six-session losing streak while Wall Street was little changed on hopes the Fed will turn dovish

Oil prices jump almost 3% as tight supply moves back into focus

Oil has soared in 2022, coming close in March to an all-time high of $147 after Russia's invasion of Ukraine exacerbated supply concerns

Intel, Brookfield to invest up to $30 bn in Arizona chip factories

The move comes after US President Joe Biden earlier this month signed the CHIPS and Science Act into law, which included provision of $52.7 bn in subsidies for U. semiconductor production and research

Pfizer's Covid vaccine 73.2% effective in kids under 5, shows new data

The updated data showed 13 children had Covid, at least seven days after receiving a third dose of the Pfizer-BioNTech COVID-19 vaccine, compared with 21 cases among those who received a placebo

Foreigners return to Indian equities on hopes of stronger earnings

According to stock exchange data, foreigners have invested $6.4 billion in Indian equities since the start of July, after dumping over $27 billion-worth over the previous six months.

Chennai Petroleum Corp forms joint venture for Rs 31,580-cr refinery

Joint venture formed to implement 9 MMTPA refinery project at Cauvery Basin Refinery

Oil prices climb $1 a barrel as tight supply moves back into focus

The Saudi energy minister said OPEC+ had the means to deal with challenges including cutting production, state news agency SPA said on Monday, citing comments Abdulaziz bin Salman made to Bloomberg

Euro slumps to two-decade lows against dollar as energy crisis bites

China's yuan weakened to a two-year low, while sterling briefly touched its weakest since March 2020.

Weaker German, French economic data compound energy and euro woes

The S&P flash composite PMI, which tracks manufacturing and services, showed that a downturn in Germany, Europe's biggest economy, deepened in August due to high inflation and rising interest rates.

Rupee worries force India's importers to hedge extra: An analysis

Foreign investors have withdrawn almost $25 bn from Indian equity and debt markets so far in 2022, as money rushes back into higher yielding dollars

India bond yields up for fourth day in a row as inflation, US yields weigh

The benchmark 10-year government bond yield ended at 7.2811%. The yield has risen 9 basis points in last three sessions and had ended at 7.2702% on Monday.

Experts question reliance on monkeypox vax with little data, short supply

The Bavarian Nordic shot has not undergone clinical trials to evaluate the vaccine's ability to prevent monkeypox in humans, though initial studies suggest it will provide some protection

Rupee seen firming to 78.5-79.5 against dollar by FY23-end: HDFC Bank

The rupee has has weakened 7.5% so far in the 2022 calendar year, trading close to a record low of 80.0650 hit last month, as aggressive rate hikes by the Federal Reserve sent the dollar rallying

India's e-commerce firms hire more delivery workers for shopping season

Gig work employment, of which delivery workers and salespersons form a large chunk, is expected to reach 9.9 million in India in 2022-23, up about 45% from 2019-20

Europe's energy concerns drag euro to 20-year low, stokes recession fears

"No surprise then to see the USD at near multi-decade highs against a falling EUR and GBP."