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Economy

Exclusive: India to delay payments market cap, helping Walmart-backed PhonePe, Google Pay

By Jaspreet Kalra MUMBAI (Reuters) - India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as

Air India Express terminates crew members amid flight disruptions

New Delhi , May 9 (ANI): Air India Express has taken strict action by serving termination letters to several crew members following reported sudden...

Oil rises on US crude storage draw, China imports show year-on-year gain

By Laila Kearney and Emily Chow (Reuters) -Oil prices rose on Thursday as falling U.S. crude inventories amid rising refinery intake and a year-on-year increase in Chinese imports last month supported

AIIMS New Delhi implements 100% digital payment system in cafeteria

New Delhi , May 9 (ANI): All India Institute of Medical Sciences (AIIMS), Delhi has implemented a 100 per cent digital payment system in...

Gold in tight range with US economic data on tap

By Ashitha Shivaprasad (Reuters) - Gold prices hovered in a tight range on Thursday as investors turned their attention to U.S. economic data that could offer additional insights into when the Federal

Dollar firm as US CPI data looms; hawkish BOJ policymakers pause yen slide

By Brigid Riley TOKYO (Reuters) - The dollar held mostly steady on Thursday as traders kept their powder dry before next week's U.S. inflation data and what it could portend for Federal Reserve policy

India’s Larsen and Toubro falls most in four years after tepid FY25 outlook

BENGALURU (Reuters) - Shares of Larsen and Toubro (L&T) fell as much as 5.6%, their worst intraday fall in four years, after the Indian engineering company forecast a subdued revenue growth outlook

Stock indices open with neutral-to-negative stance amidst global uncertainty

Mumbai (Maharashtra) , May 9 (ANI): The stock indices opened Thursday with a neutral-to-negative stance, influenced by mixed cues from global markets. The Sensex...

Asia shares steady after solid China trade data, yen stable after recent falls

By Stella Qiu SYDNEY (Reuters) -Asian shares steadied on Thursday after solid Chinese trade data added to signs domestic demand in the world's second-largest economy is picking up, while the yen

China April crude oil imports rise 5.45% on previous year

BEIJING (Reuters) -China's crude oil imports rose on the previous year in April, as refiners prepared for a fully recovered Labour Day holiday travel season, official data showed on Thursday. Crude

On Camera

Port Blair’s new name ‘Sri Vijaya Puram’ isn’t historical or decolonial. It’s politics

Srivijaya today is one of Southeast Asia’s most puzzling polities. It made temple gifts from Thailand to Bengal and Tamil Nadu. And many of its remains have disappeared into private collections.

Even as SEBI lays down new curbs on F&O market, discount brokerages are changing business models

SEBI Tuesday unveiled rules to curtail retail participation in derivatives market. Options premia to be collected upfront from options buyer effective 1 Feb 2025.

‘No drone bombs or infiltration’, Army Chief says ‘battle of narratives’ must be controlled in Manipur

Chief of Army Staff General Upendra Dwivedi says the Manipur conflict was triggered by a rumour and that the situation may be ‘stable today, but it is tense’.

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?