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Tata, India's electric vehicle king, takes a frugal road less travelled

Even with a humble start, which draws on India's tradition of 'jugaad' - a word referring to frugal DIY innovation and workarounds, Tata dominates the country's fledgling electric car market

India's jobless rate rises to 7.83% in April, Haryana tops the list: CMIE

Economists say job opportunities have been hit by sluggish domestic demand and the slow pace of economic recovery amid rising prices

China's Covid-19 hard line eats into everything from Teslas to tacos

With the Shanghai lockdown grinding into its fourth week, and similar measures imposed in dozens of smaller cities, the world's largest boom market for electric cars has gone bust

Hope fizzles for Japan's 'revenge spending' splurge as inflation looms

Some bigger companies have answered a government call to raise wages but the gains of some 2% will be swallowed up by higher prices of everything from flour, to diapers and beer, economists say

Buffett says inflation an issue for Berkshire, 'swindles almost everybody'

Buffett said it was "extraordinary" how much inflation had been seen in Berkshire's own businesses

Russian oligarchs to be targeted in aid package for Ukraine: US lawmaker

"Ukraine needs all the help it can get and, at the same time, we need all the assets we can put together to give Ukraine the aid it needs," Senate Democratic leader Chuck Schumer said

Amazon to get hearing that could overturn NY union vote: Official

Amazon has accused the NLRB's Brooklyn office of appearing to support the union drive and alleged that labor organisers intimidated workers to vote in their favor.

Fire at Russian military site in Belgorod near Ukraine injures one

Images posted to social media showed a large funnel of smoke rising above the ground

As Beijing tightens Covid curbs, hard-hit Shanghai sees signs of life

The outbreak in Shanghai, which began in March, has been China's worst since the early months of the pandemic in 2020

EU leans towards ban on Russian oil imports by year-end, say diplomats

The European Union is preparing a sixth package of sanctions against Russia over the invasion just over two months ago of Ukraine

Abu Dhabi-Israel group to set up $3 bn chip making plant in Karnataka

ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel's Tower Semiconductor

Ukraine says Russian strike knocks out Odesa airport

Russia has sporadically targetted Odesa, a Black Sea port, and a week ago, Ukraine said at least eight people were killed in a strike on the city

Berkshire meeting: Buffett defends investments and slams Wall Street

Buffett, 91, who is Berkshire's chairman and chief executive, and Vice Chairman Charlie Munger, 98, fielded questions in a downtown arena in Omaha, Nebraska

Turkey and Saudi Arabia to revive great economic potential, Erdogan says

Erdogan said the sides were determined to accelerate efforts for the common interests and stability of the region

Ukraine says Russia stole 'several hundred thousand tonnes' of grain

Ukraine's foreign ministry accused Russia on Thursday of stealing grain in territory it has occupied, an act it said increased the threat to global food security

Russia says risks of nuclear war must be kept to minimum

Vladimir Yermakov, the foreign ministry's head of nuclear non-proliferation, said all nuclear powers must stick to the logic laid out in official documents aimed at preventing nuclear war

Ukraine says Russia pounding Donbas, failing to take targets

The Russians were trying to capture the areas of Lyman in Donetsk and Sievierodonetsk and Popasna in Luhansk, the General Staff of Ukraine's Armed Forces said in a daily update

Vedanta says it's in talks to raise up to $3 bn debt in semiconductors push

The conglomerate is diversifying into chip manufacturing by forming a joint venture with Taiwan's Foxconn.

Power-hungry India halts passenger trains to free up track to move coal

Federal government-run Indian Railways has cancelled 753 passenger train services, the government said

Russian President Vladimir Putin looks to peg the ruble to gold

However, the governor of Russia's central bank, Elvira Nabiullina, told reporters the idea was "not being discussed in any way"