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Manappuram Finance says ED action against promoter, not company

Manappuram's promoter, VP Nandakumar, claimed that the probe was not related to the company but a private entity called Manappuram Agro Farms, which is no longer in existence.

Yen set to snap 3-week losing streak on bank jitters, dollar slides

By Rae Wee SINGAPORE (Reuters) - The yen was close to its first weekly gain in nearly a month on Friday, driven by safe-haven demand as bank sector turmoil in the U.S. unfolds, while the dollar fell

HDFC, HDFC Bank weigh on Indian shares amid weak global cues

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares declined on Friday, dragged by high-weightage financials and weak global cues, after the European Central Bank hiked rates and fears over the

Oil ticks up, but set for third week of losses over demand concerns

By Arathy Somasekhar and Andrew Hayley (Reuters) -Oil prices rose slightly in Asian morning trade on Friday, but were set for a third straight week of losses after markets witnessed dramatic drops on

Shares rise, dollar weakens on bank sector fears

By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks rose, the dollar eased and gold hovered around its record highs on Friday, as jittery investors remained nervous about the U.S. banking sector

Yen set to snap 3-week losing streak on bank jitters, dollar slips

By Rae Wee SINGAPORE (Reuters) - The yen was eyeing its first weekly gain in nearly a month on Friday, driven by safe haven demand as bank sector turmoil in the United States unfolds, while the dollar

Oil heads for third straight weekly loss as economic worries persist

By Arathy Somasekhar (Reuters) - Oil prices held steady in early trading on Friday, but were set for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S.

Marketmind: Another day, another U.S. banking swoon

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. A sea of red on Wall Street and renewed turmoil across the U.S. regional banking sector on Thursday suggest

Stocks fall, dollar rises as investors eye weakening economy

By Sinéad Carew NEW YORK (Reuters) - A global measure of stocks fell for the fourth consecutive day while the dollar gained some ground as the European Central Bank raised rates on Thursday and

Oil settles narrowly mixed after smaller ECB hike; demand concerns linger

By Laura Sanicola (Reuters) - Oil prices settled nearly unchanged on Thursday after the European Central Bank (ECB) decided to slow the pace of interest rate hikes, with prices still down more than 9%

On Camera

Drop that cigarette. Smokers are twice as likely to develop skin cancer compared to non-smokers

A noticeable effect of smoking is premature aging. Studies indicate that the skin biopsy of a 40-year-old heavy smoker can resemble that of a 70-year-old non-smoker.

10 yrs ago, battery leasing failed to boost demand for EV cars in India. Now, it’s making a comeback

Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?