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China orders pay cap at state-owned financial firms, sources say

BEIJING/HONG KONG (Reuters) - China is set to impose a 1 million yuan ($137,309) cap on the annual income...
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Economy

RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report

The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed...
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Economy

Inflation worries trump lone vote to boost growth, highlights RBI MPC’s minutes

Mumbai: A potential slowdown in the core sectors of the economy and a win in the protracted and attritional war over inflation were...
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Business

Chinese food delivery industry faces downturn, workers’ earnings drop by 1,000 yuan

China's food delivery industry is experiencing a downturn after significant growth during the Covid-19 pandemic. Delivery workers' earnings have dropped by...
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Economy

Industrial production contracts for first time in nearly 2 years

India’s industrial output contracted 0.1% in August, the first time it shrank in 22 months, pulled down by an unfavourable base and a...
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