Bloomberg

Govt plans mandatory energy storage rules for power distributors by March

Details of the policy, including how much storage distributors will be required to buy, are still being discussed, Power Secretary Pankaj Agarwal said on Thursday

France faces fresh wave of protests amid deepening budget deadlock

The country's main unions from the public and private sectors have called for a nationwide mobilization, bringing together disparate sources of anger, including the grassroots Yellow Vest movement

Apple lowers internal AI usage budgets in move to reduce spending

Last month, Apple quietly lowered the daily spending cap for some engineers using AI models to $200 from $300, according to people with knowledge of the change

US midterms: Only one town out of dozens voted in favor of data centres

A backlash against data centres emerged as key theme in the US midterm elections, with voters supporting local restrictions in dozens of towns, while Harwood, North Dakota, proved a notable exception

GOP infighting erupts after midterm rout as 2028 hopefuls target Trump

JD Vance, Ron DeSantis and Ted Cruz joined other Republicans in criticising the party's direction after sweeping election losses, setting the stage for a battle over its future and the 2028 presidenti

Oil prices plunge 10% as US midterm results raise hopes of Iran war's end

Brent crude plunged 10 per cent to a two-month low as investors bet that Democratic gains in the US midterm elections could accelerate efforts to end the Iran war and ease oil supply pressures

India sees some trade relief, new risks after US midterm elections

The Democrats won a landslide victory in both chambers of the US Congress on Tuesday in a sharp rebuke of President Donald Trump's policies

Bhel bags orders worth up to ₹28,000 cr from Adani Power for four projects

The state-owned engineering company received orders from the billionaire Gautam Adani-controlled firm for four projects with two 800-megawatt units each

Govt asks coal miners to triple stockpiles to avert summer blackouts

The coal, power and railways ministries jointly set a goal to boost inventories at the plants from current levels near 18 million tons to at least 55 million by the end of the fiscal year in March

AI data centre boom is set for upheaval after US midterm election rout

Election victories in Texas, Ohio and Georgia could expose a large share of planned US AI data centre projects to moratoriums, tighter regulation and local opposition

RBI crackdown on rupee bets drives India's dollar hedging to 8-month low

Buying of forward dollars, or commitments by companies to acquire the US currency at a later date, fell 35% in October from a record high the previous month to $49.5 billion

US midterms: Democrats notch early victories in quest to control Congress

The initial results offered clues on the outcome of the midterm elections, which have been dominated by voter frustration over the high cost of living, including fuel prices that surged after Iran war

US, Iran review fresh peace proposals amid limited strikes, war tensions

Qatari mediators are seeking a diplomatic breakthrough between Washington and Tehran despite limited US strikes, as both sides weigh fresh proposals and oil prices retreat

Binance's $6.3 billion hack creates windfall for crypto arbitrage traders

Crypto traders exploited sharp price gaps after hackers stole $6.3 billion from Binance, with rushed transactions costing the attackers an estimated $119 million, according to Bitquery

Russia to extend diesel export curbs with exemptions for global markets

Moscow plans to extend restrictions on most diesel exports while allowing limited overseas shipments under a Trump-Putin deal, as Ukrainian refinery strikes threaten supplies

Volkswagen supplier to cut 3,400 jobs, close German sites on weak demand

The firm will eliminate 3,460 jobs in Europe, some three quarters of those in Germany, the maker of ball bearings and hybrid-electric drivetrains said Tuesday

US, Iran weigh mediators' latest proposals amid limited airstrikes

Qatari mediators flew to Tehran on Monday for more talks with Iranian officials and returned late in the day

Central banks worldwide buy gold at fastest pace since 2024, says WGC

The institutions accumulated a net 321 tons in the three months through September, the World Gold Council said in a report on Tuesday

India tax hike drives illegal gold imports to highest level since 2023

Informal shipments for July to September jumped more than 1,500% to 50 metric tons from 3 tons a year earlier, according to a report from the World Gold Council

Pakistan's economic rebound masks deeper problems despite market rally

High energy costs and the war with Iran have pushed up inflation, while renewed militancy in Pakistan's border provinces is adding to risks for investors