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Vedanta faces buyback costs as bonds trade above par valueIn a bold financial maneuver, Vedanta Resources has kicked off a substantial $3.6 billion bond buyback as part of a comprehensive $5.4 bill...
China's May loan growth dips on weak demandAggregate financing, a broad measure of credit, increased ¥2.03 trillion ($300 billion), according to Bloomberg calculations based on data ...
Global liquor companies chase Indian state dues of $400 millionAlcohol industry giants accuse Telangana of breaking accounting rules. The southern Indian state owes them nearly $400 million. Companies s...
Nestlé India rejects infestation allegations involving MAGGI noodlesNestlé India has denied claims of infestation in Maggi noodles circulating online. The company states that tests on product samples confirm...
Global Market | European stocks rally as oil falls on hopes for US-Iran dealThe benchmark snapped a four-day losing streak on Thursday, as investors digested the European Central Bank's rate hike and largely looked...
Australia imposes record $211 million fine on collapsed broker Union Standard, representativesAustralia's federal court has imposed a record A$300.2 million fine on Union Standard and its representatives. The foreign exchange broker ...
Govt focusing on 'automation' of explosives units for safer operations: OfficialThe Department of Promotion of Industry and Internal Trade is prioritizing automation in explosives manufacturing. This move aims to signif...
Higher ethanol mix tax cut a good driveIndia is rolling out incentives for petrol mixed with higher ethanol percentages, marking a significant step in its commitment to bolster e...
Reliance Foundation secures major win as ITAT overturns cancellation of charity registrationReliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...
Short-end Indian debt gains as RBI dollar measures spur buyingShort-term Indian government bond yields have dropped to their lowest in three months. This move steepens the yield curve significantly. Ex...
Physicswallah is ‘class’ apart, says DAM Capital after initiating with Buy rating. 3 reasons whyDAM Capital has initiated coverage on PhysicsWallah with a Buy rating, calling the ed-tech firm ‘a class apart’ and highlighting strong gro...
Namami Gange: Industrial pollution flowing into Ganga down nearly 60 per cent since 2017Industrial pollution in the Ganga has significantly decreased by almost 60 percent since 2017. This achievement is credited to the Namami G...
Vedanta readies $5.2 billion refinancing after rating upgradesAnil Agarwal's UK-based Vedanta Resources is preparing to refinance $5.2 billion of dollar-denominated bonds and loans as it seeks to lower...
Rate hikes are coming, RBI has sent a clear signal, says Anubhuti Sahay, Standard CharteredDespite holding the repo rate steady, the Reserve Bank of India's significantly upgraded inflation forecasts signal a strong likelihood of ...
Global Market: Hong Kong financial stocks tumble as China tightens capital outflow controlsHong Kong financial shares fell Friday. Beijing's new capital controls are causing concern. Global banks with mainland China business face ...
Talent fight heats up in India finance hub as two chiefs quitGIFT City, India's international finance hub, is experiencing intense competition for talent as two foreign bank chiefs have recently resig...
India to use artificial intelligence for machine-readable standards, says Consumer Affairs Secretary KhareIndia's Consumer Affairs Ministry is set to develop advanced, machine-readable standards using AI. This initiative aims to simplify complia...
IIFL Finance nets $500 million in overseas bond salesIIFL Finance successfully raised $500 million through international dollar bonds, priced at 7.6% for a 3.25-year tenure. This marks India's...
ADB, StanChart ink partnership to support Indian firms across supply chainsThe Asian Development Bank and Standard Chartered Bank have partnered to boost supply chain finance in India. Agreements include risk-shari...
OpenAI Foundation commits $250 million to help workers, economies navigate AI disruptionThe OpenAI Foundation is dedicating $250 million to address AI's impact on jobs and economies. This funding will support research, aid disp...