Top headlines: Liz Truss new UK PM; windfall tax not ad hoc, says FM

Sitharaman said windfall tax on petroleum products, crude is not ad hoc, but being charged in regular consultation with the industry

Liz Truss defeats Rishi Sunak to become the next UK Prime Minister

Liz Truss was named as Britain's next prime minister on Monday, winning a leadership race for the governing Conservative party at a time when the country faces a cost of living crisis, industrial unrest and a recession.

After weeks of an often bad-tempered and divisive leadership contest that saw the foreign minister face off against former finance minister Rishi Sunak, Truss came out on top in a vote of Conservative Party members. Read More

Adani Group cites reduced debt load to rebut overleveraged view

The Adani Group