India is set to sign a $3-billion deal with the US for 30 top-level military drones for surveillance of their border with China and the Indian Ocean

The plan being discussed by the two nations would enable the use of Russia's Mir cards at India ATMs and Point of Sale terminals, and India's RuyPay cards in Russia, said the report.

"The hybrid bet is a turning point,'' said a person with direct knowledge of Toyota's plans. ``It will be a litmus test for Toyota's future and success in India.''

Russia claims to be the only country that can do a complete transfer of technology in hi-tech defence equipment, the report said

Nomura lowered its China economic growth forecast, citing dismal July activity data, the lingering impact of the pandemic, and the worst heatwave in six decades.

Japan's Nikkei closed above 29,000 for the first time in seven months and China and Hong Kong stocks rose. South Korea was down.

India's billionaire Rakesh Jhunjhunwala - known as the country's Warren Buffett and the Big Bull – died on Sunday, drawing praise from Modi and many others

The US warned New Delhi that Russian oil was being exported via high-seas transfers to hide its origin – in violation of US sanctions, a top Indian banker official said on Saturday.

"The optimism came on the back of a US consumer inflation rate that eased in July after hitting the peak a month before," Prashanth Tapse, a research analyst at Mehta Equities, said.

Companies in India use the UAE dirham, the HK dollar, yuan or euro when buying Russian coal, in a bid to avoid the dollar and US sanctions, according to customs data and industry sources

The central bank is likely to hike its policy rate by 60 basis points by December, indicating 10-year yields may test a three-year high in coming months, says ICICI Securities Primary Dealership.

Six Russian cargo vessels and at least one oil tanker sanctioned by the US for their history of transporting weapons for Moscow or oil from Iran docked in India over the past month