India allows rice exports backed by already issued letters of credit

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China's yuan hits 15-year low against US dollar

The yuan's weakness reflected recent US dollar strength, along with downbeat Chinese economic data and Covid disruptions, analysts at OCBC Bank said in a note.

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‘India to beat Germany as 4th largest economy by FY26’

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Sebi bans Mehul Choksi from market for 10 years

Choksi had defrauded Punjab National Bank and in January 2018 fled the country. Currently he’s been proclaimed an offender by the government and several cases against him, by agencies like CBI, Enforcement Directorate and the Income Tax department, are pending.

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Non-food bank credit grows 17% in September

In September last year, such advances had contracted 2.9%, central bank data on sectoral deployment of bank credit showed. On a year-on-year (y-o-y) basis, non-food bank credit increased 17% in September 2022, compared with 6.8% a year ago.

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RBI to launch Digital Rupee pilot for wholesale segment from Nov 1; identified 9 lenders to participate

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China’s economy weakens and signs point to more strain ahead

China’s factory and services activity contracted in October, with signs that things could worsen in the coming months as the government sticks to Covid controls that have disrupted activity across the world’s second-largest economy.

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Adani group to invest $150 billion, focus on green

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UPI free, but banks fix limits as norms clash

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India, smaller nations talk trade via Rupee accounts

The Reserve Bank of India (RBI), finance ministry and National Payment Corp. of India (NPCI) did not comment on the matter. The Indian Economic Trade Organization (IETO) and NPCI are primarily engaged in such cross-border dialogue before it reaches the regulators.

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New IT rules to aid users of dating, e-comm sites

There have also been cases when online classified companies, many of whom even provide details about massage parlours, have given out details of a woman illegally. Someone may illegally post the numbers of a woman without her knowledge.

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Maharaja Suites soon; Taj to have 15 micro breweries at its properties & take its well known restaurants abroad

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Nine of top-10 firms add Rs 90,319 crore in market valuation

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India likely to start next month free trade pact negotiations with Gulf Cooperation Council, say sources

Experts believe, the GCC region holds huge trade potential and a trade pact will help in further boosting India's exports to that market. GCC is a union of six countries in the Gulf region that includes Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. In May, India had implemented a free trade agreement with the UAE.

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US retailers battle high costs clearing Christmas stockpiles

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Elon Musk is said to have ordered job cuts across Twitter

Musk, who completed a $44 billion deal to buy Twitter on Thursday, has ordered the cuts across the company, with some teams to be trimmed more than others, said three of the people, who declined to be identified for fear of retaliation. The scale of the layoffs could not be determined. Twitter has about 7,500 employees.

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Tata Trusts’ CEO to ‘retire’; Cyrus cousin named trustee

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Rupee might slide further before rebounding and finding right level. Here's why

The fall of the rupee has been precipitated by global factors and an unusual strengthening of the dollar against almost all major currencies of the world. While the rupee has performed way better against the greenback than biggies such as the pound and the euro, the runaway dollar can’t be taken lightly since it has a massive fallout on India’s import bills and inflation.

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RBI concerned over rising mis-selling, pricing plaints

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General Motors Co temporarily halts paid advertising on Twitter

The largest US automaker said it was "engaging with Twitter to understand the direction of the platform under their new ownership. As is normal course of business with a significant change in a media platform, we have temporarily paused our paid advertising."

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Centre for 'common ducts and posts' in linear infrastructure projects

Common duct refers to a common structure installed underground for public utilities ranging from electric and communication cables to water, sewage and gas pipelines. Common post is an overground structure for housing public utilities and usually includes a smart pole.

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Trump says he’s ‘very happy’ about Musk’s Twitter takeover

The possibility of Trump’s return to Twitter — he was banned after the Jan. 6, 2021, attack on the Capitol — has been the subject of much speculation since Musk announced his intentions to buy the company and take a less heavy-handed approach with users who post objectionable and provocative content.

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Plans afoot to use future road projects to raise funds: Nitin Gadkari

The government is planning to use future road projects for raising funds, road, transport, and highways minister Nitin Gadkari said on Friday, a day after the maiden bond issue of National Highway Infra Trust (NHIT) received a tremendous response from investors.

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Key execs of Chinese companies in India under lens

An inter-ministerial committee was set up to consider proposals involving FDI from China. Such investment also required security clearance from the home ministry. A similar condition was introduced for companies applying for any procurement contract, whether for goods or services.

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Choco sales up, but beverages plunge

It’s been a Diwali ‘dhamaka’ in sales of branded commodities as well as chocolates & confectionery this month. But there’s a word of caution for categories like home care, personal care, beverages and packaged foods as sales of these have shrunk during October 1 to 24, on a month-on-month (MoM) basis.

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Loans, investments and piles of his own cash: How Musk financed Twitter takeover

A large part of that, around $12.5 billion, was set to have come from loans backed by his shares in the electric car company -- meaning he would not have had to sell those shares.

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RBI to explain why it failed to achieve inflation target for three straight quarters

CPI inflation has been volatile above 6% since breaching the threshold in January. It touched a peak of 7.79% in April. The last recorded number was 7.41%, reported in September 2022. Economists, however, are unsure if the MPC meeting will lead to any decision on rates.

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EPFO 25-year vision focuses on portfolio expansion

The retirement fund body will hold its 232nd central board of trustees (CBT) meeting on October 31-November 1 in New Delhi to mark its foundation day, which falls on November 1.

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IMF on India: slow recovery, dull external demand to mark FY23

A further slowdown of India's growth to 6.1% is expected in FY24 as external demand and a tightening in monetary and financial conditions weigh on growth, the IMF said in its Regional Economic Outlook.

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Tata Chemicals Q2 profit jumps three-fold to Rs 628 crore

Tata Chemicals on Thursday reported a nearly three-fold jump in consolidated net profit to Rs 628 crore for the September 2022 quarter on higher income.

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Regulator clears field for trials of GM mustard

The approval will make GM mustard only the second approved transgenic crop in India after Bt cotton, and the first such food crop that can be commercially cultivated by farmers. The move comes despite the opposition of certain farm groups and RSS-affiliate Swadeshi Jadran Manch (SJM).

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Govt unveils Satcom reforms; nudges telecos to deploy 5G towers fast

The government on Wednesday unveiled new policy reforms for satellite communications services to ease procedures and streamline clearance processes and nudged the telecom industry to substantially speed up the deployment of 5G towers.

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Xi’s vow of world dominance by 2049 sends chill through markets

On one level, Xi has made it clear where he wants to take China. At the opening of the Communist Party congress last week, he repeated a goal to make China a modern socialist power by 2035, boosting per capita income to middle-income levels and modernizing the armed forces.

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'Govt asks WhatsApp to submit report on outage in next 4-5 days'

The government on Wednesday said that it has asked global messaging app WhatsApp for a report on the long outage of its services on Tuesday. Telecom Minister Ashwini Vaishnaw said that the company has been asked to submit a report over the next 4-5 days, giving out reasons behind the blackout which is being seen as one of the longest outage of the popular platform.

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Meme fest in India as Sunak becomes UK PM

And then there were serious ones. Jonathan Levin, dean of Stanford Graduate School of Business (GSB), where Sunak got an MBA degree as a Fulbright Scholar, said: “On behalf of GSB, I want to express our collective pride that a member of our community has become the head of state."

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Twitter is losing its most active users, internal documents show

These "heavy tweeters" account for less than 10% of monthly overall users but generate 90% of all tweets and half of global revenue. Heavy tweeters have been in "absolute decline" since the pandemic began, a Twitter researcher wrote in an internal document titled “Where did the Tweeters Go?”

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Google parent Alphabet's profits fall short at $14 billion

Alphabet said it made a profit of $14 billion in the third quarter on ad revenue that grew just 6 percent to $69 billion when compared with the same period of last year.

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Rupee dips slightly as Chinese yuan woes offset dollar weakness

In the next three months, there will be more clarity on US inflation front, then markets can start factoring in the peak of Fed's hiking cycle and further determine the rupee's direction, he added.

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Yields down tracking easing US peers; state debt sale in focus

The benchmark 10-year government bond yield was at 7.4673% as of 0430 GMT, after ending at 7.5121% on Friday. It rose four basis points last week, after advancing an aggregate 30 bps in the previous five weeks.

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Oil gains as US dollar eases though demand fears linger

Oil prices rose on Tuesday as the US dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies such as China. International benchmark Brent crude futures gained 27 cents to $93.53 per barrel by 0415 GMT, after falling 0.3% in the previous session.

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Buzzing offices once again increase risk of toxic culture at workplace

Camaraderie is key for employees bonding at the workplace. However, cases of workplace harassment, including of a sexual nature, are on the rise, experts who deal with this subject told TOI.

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No GST on notice pay, nominal canteen fees

With this ruling, the AAR bench has perhaps become the first to address various employee-related transactions subsequent to clarifications that were issued by the Central Board of Indirect Taxes and Customs (CBIC) in August. This circular had been covered by TOI in its August 5 edition.

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Sensex makes biggest Muhurat gain in 14 years

Boosted by strong buying in banking and financial stocks, the sensex gained 525 points, or nearly 1%, to end at 59,832 during Monday’s special hour-long Muhurat trading session on the BSE. This was the biggest Muhurat day gain for the sensex in terms of points, and the best in terms of percentage since 2008, index data showed.

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Hope floats for stalled India-UK trade deal

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UK bonds see record gain with Sunak as PM

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Cheaper commodities will lower prices, boost volumes: HUL CEO

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China Q3 GDP growth rebounds at faster pace but risks loom

Gross domestic product (GDP) in the world's second-biggest economy rose 3.9% in the July-September quarter year-on-year, above the 3.4% pace forecast in a Reuters poll of analysts, and quickening from the 0.4% pace in the second quarter.

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News can improve food prices forecast: RBI study

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Post-Dhanteras, companies to keep eye on demand

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DP World aims to expand multimodal logistics operations, says India CEO Rizwan Soomar

The Dubai-based container terminal company will look at locations to set up more free trade zones, expand its coast shipping footprint and also look at opportunities to expand its private rail segment, CEO Rizwan Soomar told ET in an interview.

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