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Hindustan Zinc Ltd., owned by the Vedanta group, will pay a dividend of approximately $958 million for the current financial year. The company's board approved a dividend of 19 rupees per share. Vedanta Ltd., the founder and largest shareholder of Hindustan Zinc, is expected to be the biggest beneficiary of the payout. The dividend may also help Vedanta Resources Plc, the group's holding company, in repaying its debt. [Extracted from the article]

Bangladesh Prime Minister Sheikh Hasina has reportedly resigned and left the country with her sister as anti-government protests escalated in the capital. The 76-year-old leader faced pressure to step down following weeks of demonstrations that turned violent. Protesters stormed her official residence, and clashes between pro-government supporters and opposition groups resulted in over 100 deaths. The unrest has had a significant impact on the economy, with curfews and internet blackouts causing a $10 billion hit and affecting the garment sector. While Hasina has been credited with economic growth and poverty reduction, critics accuse her of authoritarianism and suppressing dissent. [Extracted from the article]

Narendra Modi's future as prime minister of India is uncertain after his party fell short of a majority in the recent election. His ability to form a government depends on the support of two unreliable allies, the Telugu Desam Party and the Janata Dal (United). Both parties have a history of switching sides and only rejoined Modi's coalition shortly before the election. Nitish Kumar, leader of the Janata Dal (United), has changed political allegiances four times since 2010 and governs the state of Bihar. N. Chandrababu Naidu, leader of the Telugu Desam Party, has also switched sides multiple times and won the state election in Andhra Pradesh. Mamata Banerjee, leader of the All India Trinamool Congress, is a fierce critic of Modi and is unlikely to partner with his party. However, unexpected alliances have been formed in the past, and Banerjee has a history with Modi's party. [Extracted from the article]

Narendra Modi's future as prime minister of India is uncertain after his party fell short of a majority in the recent election. His ability to form a government depends on the support of two unreliable allies, the Telugu Desam Party and the Janata Dal (United), both of which only recently rejoined his coalition. Nitish Kumar, leader of the Janata Dal (United), has changed political allegiances multiple times and has governed the state of Bihar for nearly 18 years. N. Chandrababu Naidu, leader of the Telugu Desam Party, has also switched sides in the past and is expected to return as the chief minister of Andhra Pradesh. Mamata Banerjee, leader of the All India Trinamool Congress, is a fierce critic of Modi and is unlikely to partner with his party, but unexpected alliances have been formed in the past. [Extracted from the article]

Narendra Modi's future as prime minister of India is uncertain after his party fell short of a majority in the recent election. His ability to form a government depends on the support of two unreliable allies, the Telugu Desam Party and the Janata Dal (United), both of which only recently rejoined his coalition. Nitish Kumar, leader of the Janata Dal (United), has changed political allegiances multiple times and has governed the state of Bihar for nearly 18 years. N. Chandrababu Naidu, leader of the Telugu Desam Party, has also switched sides in the past and is expected to return as the chief minister of Andhra Pradesh. Mamata Banerjee, leader of the All India Trinamool Congress, is a fierce critic of Modi and is unlikely to partner with his party, but unexpected alliances have been formed in the past. [Extracted from the article]

According to exit polls, Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) is expected to win a majority in India's parliament. The opposition parties have dismissed these polls, but financial markets have responded positively, with stocks, the rupee, and sovereign bonds all experiencing gains. If Modi wins a third term, he plans to announce business-friendly measures, including regulations that make it easier to hire and fire workers. Official election results will be released on June 4. [Extracted from the article]

The article discusses the political landscape in Jhargram, a town in West Bengal, India. Historically a stronghold of the Communist party, the town switched allegiance to Chief Minister Mamata Banerjee's Trinamool Congress in 2009, but the Bharatiya Janata Party (BJP) won a surprise narrow victory in 2019. Lack of development, industry, and jobs are key issues in the region, and the resurgent Communist party may pose a challenge to the BJP's chances in Jhargram. The article also mentions other news related to the ongoing Indian election, including the Supreme Court's reluctance to interfere and reports on the release of Arvind Kejriwal and the water crisis faced by Indian farmers. [Extracted from the article]

Mumbai, India's financial hub, is planning to build a new water treatment plant worth $500 million to address its recurring water shortages. The Brihanmumbai Municipal Corporation has awarded the contract to Welspun Enterprises, who will build and operate the plant with a capacity to process 2,000 million liters of water daily. The plant, which will be one of the largest in the world, will be set up at the Bhandup complex and will be ready within four years. Mumbai has been facing water shortages, with supply cuts and reservoir level drops, and the situation may worsen due to climate change and extreme heat waves. [Extracted from the article]

Mumbai, India's financial hub, is planning to build a new water treatment plant worth $500 million to address its recurring water shortages. The Brihanmumbai Municipal Corporation has awarded the contract to Welspun Enterprises, who will build and operate the plant with a capacity to process 2,000 million liters of water daily. The plant, which will be one of the largest in the world, will be set up at the Bhandup complex and will be ready within four years. Mumbai has been facing water shortages, leading to supply cuts, and last year experienced acute water shortage due to a drop in reservoir levels. [Extracted from the article]

Zurich Insurance will infuse about 16.09 billion rupees fresh growth capital in Kotak General Insurance as part of the deal, which values the insurer at more than 79 billion rupees, on a post money valuation. (Bloomberg) -- Zurich Insurance Co. has agreed to buy a majority stake in Kotak Mahindra General Insurance Co. for 40.51 billion rupees ($487 million), including infusion of fresh capital. [Extracted from the article]

Speaking of fresh offerings, third-quarter earnings from Hong Kong Exchanges & Clearing Ltd. will shed more light on demand for new listings in Asia, which has been tepid so far this year as a weak market in China dulled sentiment. Later in the week, top non-bank financier Bajaj Finance (BAF IN) is expected to report 28% profit growth, and IndusInd Bank (IIB IN) may post 25% earnings growth. (Bloomberg) -- India's leading banks should underscore the resilience of Asia's third-largest economy when they report next week, while the IT industry may confirm it remains under pressure. [Extracted from the article]

(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi - an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. India has informed the Canadian government that there should be parity in the nation's diplomatic presence in New Delhi and expects Canada to reduce its diplomats there. [Extracted from the article]

(Bloomberg) -- Canada said it would reduce the number of diplomats in India due to security concerns, while Prime Minister Narendra Modi's government appeared to suspend visas for Canadians as a diplomatic row escalated over the murder of a Sikh activist. Separately, BLS International, which runs India visa application centers in Canada, posted an online notice saying that visa services were suspended indefinitely due to "operational reasons" from Sept. 21. [Extracted from the article]

Officials in New Delhi have long accused Canada of serving as a haven for Sikh separatists and doing little to protect India missions and consulates from protests carried out by these groups. (Bloomberg) -- Canada's High Commission will reduce the number of diplomats in India due to security concerns as a diplomatic row escalates over murder allegations made by Prime Minister Justin Trudeau. [Extracted from the article]

(Bloomberg) -- India has suspended visa services for Canadian citizens in an escalation of a diplomatic row between the two countries over murder allegations made by Prime Minister Justin Trudeau, local media reported. BLS International, which runs India visa application centers in Canada, posted an online notice that visa services were suspended indefinitely due to "operational reasons" from Sept. 21. [Extracted from the article]

(Bloomberg) -- India has suspended visa services for Canadian nationals amid an apparent escalation of the diplomatic row between the two countries, the Hindustan Times reported. The services have been suspended indefinitely from Sept. 21, the newspaper reported citing information available on website of BLS International, which runs the visa application centers in Canada. [Extracted from the article]

To subscribe to earnings coverage across your portfolio or other earnings analysis, run NSUB EARNINGS function on the Bloomberg terminal. (Bloomberg) -- China's tech behemoths will shed more light on their prospects this week after peers signaled the industry is emerging from a volatile few years. [Extracted from the article]

The gaming giant may see a 5% jump in first-quarter revenue from a year earlier, a Bloomberg survey shows. (Bloomberg) -- China's tech behemoths will shed more light on their prospects next week after peers signaled the industry is emerging from a volatile few years. [Extracted from the article]

Thursday: Adani Ports (ADSEZ IN) is set to report fourth quarter earnings amid an ongoing buyback of bonds, its first debt repurchase since a short seller in January raised concerns over the group's finances. (Bloomberg) -- Investors are keeping a close eye on earnings of major banks across Asia as traders look to assess the possibility of further rate hikes that have vexed smaller lenders to the benefit of some larger banks. [Extracted from the article]

(Bloomberg) -- Unilever Plc's Indian unit has named Rohit Jawa as chief executive to replace Sanjiv Mehta, who will retire after almost a decade at the helm. Currently the Chief of Transformation for Unilever in London, Jawa will also be president of Unilever South Asia and will join the Unilever Leadership Executive. [Extracted from the article]

(Bloomberg) -- China's earnings season kicks off this week with a peek into its hard-hit consumer industry -- and a reminder of the nation's staggering scale. Known by the name HKEX, the city's stock exchange may report a 30% profit decline, according to a consensus estimate in a Bloomberg survey. To subscribe to earnings coverage across your portfolio or other earnings analysis, run NSUB EARNINGS function on the Bloomberg terminal. [Extracted from the article]

To subscribe to earnings coverage across your portfolio or other earnings analysis, run NSUB EARNINGS function on the Bloomberg terminal. (Bloomberg) -- China's earnings season kicks off next week with a peek into its hard-hit consumer industry -- and a reminder of the nation's staggering scale. Known by the name HKEX, the city's stock exchange may report a 28% profit decline, according to a consensus estimate in a Bloomberg survey. [Extracted from the article]

Keywords: ALLTOP; ASIA; BUSINESS; CATOP; CMD; CMDTOP; EUROPE; FUTURES; GOV; MARKETS; NORTHAM; NRG; NRGTOP; OIL; OILTOP; TOP; US; WORLD; WWTOP; WWTOPAS; WWTOPEU EN ALLTOP ASIA BUSINESS CATOP CMD CMDTOP EUROPE FUTURES GOV MARKETS NORTHAM NRG NRGTOP OIL OILTOP TOP US WORLD WWTOP WWTOPAS WWTOPEU Oil prices eased following a two-day gain that was powered by a drop in U.S. fuel and distillate stockpiles and a broader market rally. QWMMFYDWRGG3 (Bloomberg) -- Oil prices eased following a two-day gain that was powered by a drop in U.S. fuel and distillate stockpiles and a broader market rally. [Extracted from the article]

QWMEZDDWRGG1 (Bloomberg) -- Oil steadied after a two-day gain that was powered by a drop in U.S. fuel and distillate stockpiles and a broader market rally. Keywords: ALLTOP; ASIA; BUSINESS; CATOP; CMD; CMDTOP; EUROPE; FUTURES; GOV; MARKETS; NORTHAM; NRG; NRGTOP; OIL; OILTOP; TOP; US; WORLD; WWTOP; WWTOPAS; WWTOPEU EN ALLTOP ASIA BUSINESS CATOP CMD CMDTOP EUROPE FUTURES GOV MARKETS NORTHAM NRG NRGTOP OIL OILTOP TOP US WORLD WWTOP WWTOPAS WWTOPEU Oil steadied after a two-day gain that was powered by a drop in U.S. fuel and distillate stockpiles and a broader market rally. [Extracted from the article]

ALLTOP, ASIA, BUSINESS, CATOP, CHINA, CMD, CMDTOP, EUROPE, FUTURES, GOV, MARKETS, MIDEAST, NORTHAM, NRG, NRGTOP, OIL, OILTOP, TOP, US, WORLD, WWTOP, WWTOPAS QWL5IBDWRGG0 (Bloomberg) -- Oil reversed losses, resuming its recovery from a rout earlier in the week as sentiment firmed in wider markets. Keywords: ALLTOP; ASIA; BUSINESS; CATOP; CHINA; CMD; CMDTOP; EUROPE; FUTURES; GOV; MARKETS; MIDEAST; NORTHAM; NRG; NRGTOP; OIL; OILTOP; TOP; US; WORLD; WWTOP; WWTOPAS EN ALLTOP ASIA BUSINESS CATOP CHINA CMD CMDTOP EUROPE FUTURES GOV MARKETS MIDEAST NORTHAM NRG NRGTOP OIL OILTOP TOP US WORLD WWTOP WWTOPAS Oil reversed losses, resuming its recovery from a rout earlier in the week as sentiment firmed in wider markets. [Extracted from the article]

Crude has been thrown into retreat since hitting the highest since 2014 earlier this month as the delta variant surged in parts of Asia, and spread in the U.S. and Europe. Keywords: ALLTOP; ASIA; BUSINESS; CHINA; CMD; EUROPE; FUTURES; GOV; MARKETS; MIDEAST; NORTHAM; NRG; OIL; US; WORLD; WWTOP EN ALLTOP ASIA BUSINESS CHINA CMD EUROPE FUTURES GOV MARKETS MIDEAST NORTHAM NRG OIL US WORLD WWTOP Oil fell after a surprise build in U.S. stockpiles and as investors weighed the impact on demand from the rapid spread of the delta variant. QWKYZWDWRGG0 (Bloomberg) -- Oil fell after a surprise build in U.S. stockpiles and as investors weighed the impact on demand from the rapid spread of the delta variant. [Extracted from the article]

(Bloomberg) -- Isha Ambani is set to be named chairman of the Reliance conglomerate's retail unit in another sign that her father, Indian billionaire Mukesh Ambani, is pushing ahead with a plan for succession in one of Asia's richest families. Isha Ambani's promotion follows that of her twin brother, Akash Ambani, who was appointed on Tuesday as chairman of the telecom unit, Reliance Jio Infocomm Ltd. Isha and Akash have both been part of teams that negotiated Meta Platforms Inc.'s investment in the group. [Extracted from the article]

As part of that plan, Ambani, his wife Nita, and three children would have stakes in the new entity overseeing Reliance and be on its board, along with a few of Ambani's long-term confidantes as advisers. (Bloomberg) -- Indian billionaire Mukesh Ambani just got busy with the early stages of succession planning at his energy-to-technology conglomerate Reliance Industries Ltd., naming two of his offspring as chiefs of key units in his $217 billion empire. [Extracted from the article]

Keywords: ALLTOP; ASIA; BUSINESS; CMD; FUTURES; IRAN; IRAQ; MARKETS; MIDEAST; NRG; OIL; SAUDI; WORLD; WWTOP EN ALLTOP ASIA BUSINESS CMD FUTURES IRAN IRAQ MARKETS MIDEAST NRG OIL SAUDI WORLD WWTOP Oil retreated in Asia as traders monitored efforts to dislodge a massive ship blocking the Suez Canal, with market volatility rising after two wild days that saw prices whipsaw around 6% in both directions. ALLTOP, ASIA, BUSINESS, CMD, FUTURES, IRAN, IRAQ, MARKETS, MIDEAST, NRG, OIL, SAUDI, WORLD, WWTOP. [Extracted from the article]

South Korea extended fuel-tax cuts by three months through the end of July, and Vietnam approved a reduction in environmental protection tax for fuels including gasoline. (Bloomberg) -- Soaring gasoline prices around the world are forcing governments to slash fuel taxes to appease drivers, a move that may instead support demand and exacerbate the tightness across markets. [Extracted from the article]

(Bloomberg) -- Oil surged for a third day as the war in Ukraine neared the one-month mark with no conclusion in sight. The Kremlin said an EU ban on oil imports from Russia would have a profound effect on the global crude market and hit the continent the hardest. [Extracted from the article]

(Bloomberg) -- Oil surged for a third day as the war in Ukraine neared the one-month mark with no conclusion in sight. The European Union will consider a Russian oil embargo this week, with U.S. President Joe Biden due in the region for NATO, Group of 7 and EU summits, Reuters reported. [Extracted from the article]

Yemen's Houthi rebels attacked at least six sites across Saudi Arabia late Saturday and early Sunday, including some run by oil giant Saudi Aramco. (Bloomberg) -- Oil surged for a third day as the war in Ukraine neared the end of its first month with no conclusion in sight, while attacks by Iranian-backed rebels on energy facilities in Saudi Arabia added to upward pressure. [Extracted from the article]

(Bloomberg) -- Oil surged for a third day as the war in Ukraine neared the end of its first month with no conclusion in sight, while attacks by Iranian-backed rebels on energy facilities in Saudi Arabia added to upward pressure. Yemen's Houthi rebels attacked at least six sites across Saudi Arabia late Saturday and early Sunday, including some run by oil giant Saudi Aramco. [Extracted from the article]

(Bloomberg) -- Oil rose for a third straight day as the war in Ukraine neared the end of its first month with no end in sight, and Iranian-backed rebels attacked energy facilities in key exporter Saudi Arabia. In the Middle East, Yemen's Houthi rebels attacked at least six sites across Saudi Arabia late Saturday and early Sunday, including some run by oil giant Saudi Aramco. [Extracted from the article]

(Bloomberg) -- Oil jumped as the war in Ukraine neared the end of its first month, and investors tracked geopolitical tensions in the Middle East. Traders are also tracking China's efforts to contain its latest Covid-19 outbreak and the implications for energy demand. [Extracted from the article]

The International Energy Agency said Friday that prices could move significantly higher in the coming months, adding that the oil markets are in an emergency that could get worse. (Bloomberg) -- Oil pared gains after the biggest daily surge in 16 months pushed prices back above $100 a barrel. [Extracted from the article]

(Bloomberg) -- Oil pared gains after the biggest daily surge in 16 months pushed prices back above $100 a barrel. The International Energy Agency said Friday that prices could move significantly higher in the coming months, adding that the oil markets are in an emergency that could get worse. [Extracted from the article]

Since the invasion of Ukraine, the lion's share of oil refining companies across Europe have said they will scale back purchases from Moscow. (Bloomberg) -- Oil extended gains after the biggest daily surge in 16 months pushed prices back above $100 a barrel as the Kremlin cast doubt on the progress of peace talks with Ukraine. [Extracted from the article]

(Bloomberg) -- Oil extended gains in Asia after the biggest daily surge in 16 months pushed prices back above $100 a barrel as the Kremlin cast doubt on the progress of peace talks with Ukraine. Since the invasion of Ukraine, the lion's share of oil refining companies across Europe have said they will scale back purchases from Moscow. [Extracted from the article]

The Federal Reserve this week raised interest rates and signaled further hikes to tackle the fastest price gains in four decades. (Bloomberg) -- Oil extended gains in Asia after the biggest daily surge in 16 months pushed prices back above $100 a barrel as the Kremlin cast doubt on the progress of peace talks with Ukraine. [Extracted from the article]

Global benchmark Brent is trading near $104 a barrel and has swung by more than $5 intraday for 16 consecutive sessions -- the longest such run ever -- as the oil market becomes gripped by huge gyrations every day. "To say that oil prices have been volatile recently would be an understatement", Morgan Stanley analysts Martijn Rats and Amy Sergeant wrote in a note, boosting their forecast for third-quarter Brent prices by $20 to $120 a barrel. (Bloomberg) -- Oil rebounded amid a bumper run of volatility, with investors continuing to weigh the fallout from Russia's invasion of Ukraine against fresh Covid-19 lockdowns across top crude importer China. [Extracted from the article]

Rapid developments in the war in Ukraine and the ensuing sanctions on Russia are driving wild fluctuations in the market, and holdings in oil contracts have slumped due to the volatility. (Bloomberg) -- Oil rebounded amid a bumper run of volatility, with investors continuing to weigh the fallout from Russia's invasion of Ukraine against fresh Covid-19 lockdowns across top crude importer China. "To say that oil prices have been volatile recently would be an understatement", Morgan Stanley analysts Martijn Rats and Amy Sergeant wrote in a note, boosting their forecast for third-quarter Brent by $20 to $120 a barrel. [Extracted from the article]

(Bloomberg) -- Oil rose amid a broader rally in stocks after a three-day slide, with investors continuing to weigh the fallout from Russia's invasion of Ukraine and Covid-19 lockdowns across top crude importer China. Holdings in oil futures have fallen to the lowest since 2015 across the main Brent and WTI contracts combined. [Extracted from the article]

(Bloomberg) -- Oil rose after a three-day slide as investors weighed the fallout from Russia's invasion of Ukraine and Covid-19 lockdowns in China following its worst outbreak since the start of the pandemic. Holdings in oil futures have fallen to the lowest since 2015 across the main Brent and WTI contracts combined. [Extracted from the article]

Holdings in oil futures have fallen to the lowest since 2015 across the main Brent and WTI contracts combined. (Bloomberg) -- Oil edged higher after a three-day slide as investors weighed the fallout from Russia's invasion of Ukraine and Covid-19 lockdowns in China following its worst outbreak since the start of the pandemic. [Extracted from the article]

Oil has experienced one of its most tumultuous trading periods ever as the war in Ukraine and the ensuing sanctions against Russia drove wild price fluctuations that pushed volatility to historic levels. (Bloomberg) -- Oil swung between gains and losses after the Kremlin hinted at progress in peace negotiations between Russia and Ukraine. [Extracted from the article]

(Bloomberg) -- Oil swung between gains and losses after the Kremlin hinted at progress in peace negotiations. Oil has experienced one of its most tumultuous trading periods ever as rapid developments around the war in Ukraine and the ensuing sanctions drove wild price fluctuations that pushed volatility to historic levels. [Extracted from the article]

(Bloomberg) -- Oil rose amid a broader market rally, halting an extended slide that had erased most of the gains following Russia's invasion of Ukraine. Russia's invasion of Ukraine has roiled global commodity markets, driving up the prices of everything from fuels to metals and grains. [Extracted from the article]

Russia's invasion of Ukraine has roiled global commodity markets, driving up the prices of everything from fuels to metals and grains. (Bloomberg) -- Oil rose amid a broader market rally, halting an extended slide that had erased most of the gains following Russia's invasion of Ukraine. [Extracted from the article]