Rio Tinto Plc, the world’s second largest miner, confirmed it has made a non-binding takeover approach for Arcadium Lithium Plc. Rio said there was no certainty that any transaction will be agreed with the US miner, in a statement Monday. Arcadium, which is valued at around $3.3 billion, confirmed it had been approached in a separate statement. The companies didn’t provide any financial details.

China’s top economic planner will hold a press briefing on Tuesday to discuss a package of policies aimed at boosting economic growth, as investors look for more stimulus measures from President Xi Jinping’s government. The briefing, which is scheduled to start at 10 a.m., will include five senior officials from the National Development and Reform Commission, including Chairman Zheng Shanjie, according to a notice from the government on Sunday.

Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence (AI) servers. Revenue for Apple’s biggest iPhone assembler jumped 20.2% year on year to T$1.85 trillion ($57.3 billion).

Keir Starmer replaced his top aide and the Treasury acknowledged that key tax-raising plans were under review, as the Labour government tried to correct course from what even allies say has been a rocky three months in power. In an attempt to end the turbulence engulfing Britain’s first Labour administration in 14 years, the prime minister on Sunday moved his chief of staff Sue Gray out of her role following internal complaints about the political operation she ran at 10 Downing Street.

It is “impossible” for the People’s Republic of China to become Taiwan’s motherland because Taiwan has older political roots, the island’s President Lai Ching-te said on Saturday. Lai, who took office in May, is condemned by Beijing as a “separatist”. He rejects Beijing’s sovereignty claims, saying that the island is a country called the Republic of China, which traces its origins back to the 1911 revolution that overthrew the last imperial dynasty.

It was the worst week in two years for the Nifty, a week that resulted in an erosion of ₹17 lakh crore worth of investor wealth. The index somehow managed to hold on to 25,000 and will look for a bounce as global cues are positive.

The CNBC-TV18’s Citizen’s MPC believes by a majority that the Reserve Bank of India will not cut interest rates this Wednesday. However, in a close call, the MPC in a 3-2 majority said that the RBI should change its stance to “neutral” from “accommodative.”

India’s foreign exchange reserves have surpassed $700 billion for the first time, reaching $704.89 billion in the week ending September 27. This increase of $12.59 billion marks the largest weekly rise since mid-July 2023, as reported by the Reserve Bank of India (RBI).

State-run telecom company Mahanagar Telephone Nigam Ltd. (MTNL) has defaulted on a loan payment to the State Bank of India (SBI), prompting the bank to classify the account as a Non-Performing Asset (NPA). In a letter to MTNL, disclosed in an exchange filing by the telecom company, SBI stated that the loan instalment and interest payment for the term loan, which became overdue on June 30, 2024, remained unpaid for over 90 days, resulting in the downgrade to “sub-standard” effective September 28, 2024.

Ola Electric and founder Bhavish Aggarwal are in the middle of a social media storm over the company’s poor service. What started off as a tweet questioning Ola’s service by stand-up comedian Kunal Kamra, translated into a war of words between the two, with disgruntled customers and even market participants jumping into the melee.