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₹202-crore penalty on the company over its 2019 deal with Future Coupons. The apex court said that the 'protection' provided to the US-based firm will continue till the next hearing. A bench of Justice AS Bopanna and Justice MM Sundresh said that the matter would be listed for a a non-miscellaneous day during first week of December 2023.

Rep. Richard McCormick, R-Ga., a member of the GOP doctors caucus, discusses White House COVID protocols and questions surrounding Sen. Mitch McConnell's health.

FTC) will file a long-awaited antitrust lawsuit against Amazon in federal court as soon as Tuesday, news site Politico reported on Friday, citing three people with knowledge of the matter. The FTC has been preparing the complaint since at least the start of this year, targeting an array of Amazon's business practices, according to the report, which said the exact details of the lawsuit were not known.

Russia plans to increase budget spending by 25.8% to 36.6 trillion roubles ($383 billion) in 2024, Prime Minister Mikhail Mishustin said on Friday.Moscow is spending heavily on its armed forces as it prosecutes what it calls a «special military operation» in Ukraine, and social spending is also expected to increase as Russia holds a presidential election in March. Next year's planned budget spending is equivalent to around 20.4% of gross domestic product (GDP). The plans for next year envisage a small budget deficit, with revenues expected at 35 trillion roubles, Mishustin said in a televised government meeting. The government was discussing budget plans for the next three years.

India's inclusion in its widely tracked emerging market debt index, BlackRock's head of Asia Pacific fixed income said on Friday. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion were eligible for inclusion in its Government Bond Index-Emerging Markets (GBI-EM) index and index suite, benchmarked by about $236 billion in global funds. Neeraj Seth, chief investment officer and head of APAC fundamental fixed income at BlackRock, expects inflows of around $20 billion to $25 billion into India after the maximum weight threshold of 10% is achieved on the GBI-EM index. Given the size of the $2 trillion global government bond market, it may add only a little bit to the volatility in Indian bond markets, Seth told the Reuters Global Markets Forum. The volatility would become «more profound and visible» if foreign ownership were to go into double digits, Seth said, adding that he expected foreign ownership of Indian government bonds to rise to 3.0%-3.5% post-inclusion. «I don't think that's significant enough to move the markets around,» he said. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. Foreign investors own less than 2% of outstanding government debt. Separately, Seth believes there will be a shift in asset allocations as markets head into 2024, which he sees becoming a «very attractive year», especially for U.S.

rupee ended higher on Friday after JPMorgan announced it will include the country's government bonds in its emerging market index, which could lead to billions of dollars of inflows. The rupee ended at 82.93 against the U.S. dollar, compared with 83.09 in the previous session. The currency gained 0.3% this week even as the dollar index rose to an over 6-month high in Asia and was on track for its 10th consecutive weekly gain. Importers' dollar purchases capped gains in the rupee after the currency opened at 82.8225 on Friday, traders said. India's inclusion in JPMorgan's index will start on June 28, 2024, and extend over 10 months.

rupee is expected to gain from the addition of government bonds in the JPMorgan Government Bond Index-Emerging Markets (GBI-EM) index riding on dollar inflows, experts told ETMarkets. India will enter the global bond index with a 10% weight cap and other smaller JPM EM indices in a staggered manner over a 10-month period beginning June 28, 2024. According to market experts, this could prompt around $30 billion of passive inflows. Harsimran Sahni, Executive Vice-president & Head-Treasury at Anand Rathi Global Finance, sees a near- and long-term impact of the move.

(Reuters) — The Bank of Japan maintained ultra-low interest rates on Friday and a pledge to keep supporting the economy until inflation sustainably hits its 2% target, suggesting it was in no rush to phase out its massive stimulus programme.

LONDON (Reuters) — The euro zone economy will likely contract in the third quarter and won't return to growth anytime soon, a survey showed, even though a downturn in the bloc's business activity eased slightly in September.

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Reuters. The report also notes that demand for Apple's iPhone 15 Pro and Pro Max models is high, with waiting times rising to the end of October, similar to trends in China and the US.

British retail sales partially recovered in August after a rainy July washout, official figures showed on Friday, adding to signs that the country's consumers were mostly coping with the cost-of-living squeeze. Sales volumes rose by 0.4% on a month-on-month basis after a sharp 1.1% fall in July, the Office for National Statistics said. Economists polled by Reuters had forecast a slightly stronger 0.5% rise in August. While sales overall remained subdued, the partial recovery was driven by food sales and a strong month for clothing, Heather Bovill, deputy director for surveys and economic indicators at the Office for National Statistics (ONS), said. «These were partially offset by internet sales, which dropped slightly as some people returned to shopping in person following a very wet July.

economic review for August published on Friday, the Department of Economic Affairs (DEA) said that the prices of selected food items that drove the inflation rate above 7 per cent in July are on the retreat. «The calibrated measures taken by the Government, including adjustments in the duties of many critical inputs and monetary policy tightening, helped to reduce core inflation,» the DEA said in its report. In its report, the department specified that the government's targeted measures for specific crops, including build-up of buffer, procurement from producing centres and subsidized distribution enabled easing of inflation in the country. Amid growing food inflation in major economies inter alia France, Germany, Japan, South Africa, and UK, India on the other hand saw a dip in its retail inflation. As of August, consumer food price inflation eased to 9.9 per cent from 11.5 per cent in July. Vegetable inflation, however, surged in both July and August due to various factors including a sudden price rise in tomatoes and other food items, due to crop specific and weather-related factors like rain deficiency in the country. Nonetheless, the average inflation during April-August 2023, was 5.6 per cent, which is within the RBI tolerance limit of 2-6 per cent. Meanwhile, the economy's outlook report highlighted that the monsoon deficit in August could impact both Kharif and Rabi crops which requires assessment.

LONDON (Reuters) — British retail sales were 0.4% higher in August than in rain-hit July, figures from the Office for National Statistics showed on Friday.

monetary stimulus, according to Reuters news report. The BOJ maintained a 0.1% interest rate and a target yield on 10-year government bonds of roughly 0% during the two-day meeting that ended on Friday, said Reuters in its news report.

By Natalie Grover and Martin Coulter

IPO) due to volatile market conditions, a person with direct knowledge of the matter told Reuters. The person spoke on condition of anonymity as the information is not yet public.

MADE IN INDIA iPhone 15." Taking to X, Madhavan wrote, “Got it .Proud and thrilled to own the MADE IN INDIA IPHONE 15.. #MakeInIndia #iPhone15" Since being shared, his post has received over 12,000 likes and 605 reposts on the platform. Also Read: India iPhone 15 Sale Live Updates: Actor R Madhavan says proud and thrilled to own the Made in India… The much-anticipated iPhone 15 smartphone series from Apple has officially gone on sale in India and various other countries starting today.

rupee depreciated marginally to end 2 paise lower at 83.09. Indian government bonds will be included in the Government Bond Index-Emerging Markets index and the index suite, JPMorgan said on Friday.

Markets are focusing on comments from Governor Kazuo Ueda's post-meeting briefing for clues on how soon the bank could phase out the massive stimulus programme of his predecessor. As widely expected, the BOJ maintained its short-term interest rate target of -0.1% and that for the 10-year bond yield around 0% at a two-day meeting that ended on Friday. It also left unchanged an allowance band of 50 basis point set either side of the yield target, as well as a new hard cap of 1.0% adopted in July. «Japan's economy is likely to continue recovering moderately,» the BOJ said in a statement announcing the decision, adding that inflation expectations have shown renewed signs of heightening. The BOJ's decision contrasts with those of U.S.

(Reuters) -The Australian Federal Court has fined the country's second-biggest lender National Australia Bank (NAB) (AX:NAB) a penalty of A$2.1 million ($1.4 million) for wrongfully charging customers periodic payment fees, the securities regulator said on Friday.