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Alibaba-backed EV maker IM Motors weighs raising fresh funds: Report
The Shanghai-based company is working with advisers including China International Capital Corp. as it seeks to raise about 6 billion yuan ($828 million), the people said
 "Alibaba-backed EV maker IM Motors weighs raising fresh funds: Report")
Saudi money is unbeatable, says Ben Stokes as Kingdom sets eye on cricket
The Indian Premier League is currently the most lucrative, though, attracting players including Stokes. But that could change given the financial firepower of Saudi Arabia
 "Saudi money is unbeatable, says Ben Stokes as Kingdom sets eye on cricket")
Foreign investors snap up India stocks while fleeing most EMs in August
Global funds purchased $1.6 billion of Indian shares on a net basis last month through Aug 30, that's even as they withdrew a combined more than $6 billion from Taiwan, South Korea and Indonesia
 "Foreign investors snap up India stocks while fleeing most EMs in August")
India sees record demand for rooftop solar as companies seek clean energy
Companies are on pace to install 4 gigawatts of panels on top of buildings in this financial year ending March 31, nearly doubling the previous record
 "India sees record demand for rooftop solar as companies seek clean energy")
HDFC Capital Advisors plans to raise $2 billion private credit fund
The fundraising underscores an increased appetite for credit in India as real estate firms launch projects to meet demand from customers reviewing their home purchase decisions after the pandemic
 "HDFC Capital Advisors plans to raise $2 billion private credit fund")
Apple tests using 3D printers to make devices in major manufacturing shift
The new approach has the potential to streamline Apple's supply chain and kick off a broader shift
 "Apple tests using 3D printers to make devices in major manufacturing shift")
India's crude oil imports from Russia down 24% MoM, lowest in 7 months
Indian refiners also cut shipments from Iraq, another top supplier, by 10% on the month in August to 848,000 barrels a day
 "India's crude oil imports from Russia down 24% MoM, lowest in 7 months")
UBS smashes Q2 banking profit record on heels of Credit Suisse takeover
The $29 billion gain is a result of the accounting difference between the $3 billion price UBS paid for Credit Suisse and the value of the acquired lender's balance sheet
 "UBS smashes Q2 banking profit record on heels of Credit Suisse takeover")
Bargain flight prices disappear as airline industry transforms into duopoly
The higher prices come at a time when two domestic carriers - IndiGo and Air India Ltd. - are set to control the bulk of one of the world's fastest-growing aviation markets
 "Bargain flight prices disappear as airline industry transforms into duopoly")
X, formerly Twitter, plans to collect user biometric, job, school data
X (Twitter) said it also intends to gather information about users' jobs and education histories
 "X, formerly Twitter, plans to collect user biometric, job, school data")
Visa, Mastercard plan to add new card fees for retailers in coming months
With the increases, merchants could pay more than $500 million in additional fees each year, according to merchant-consulting company CMSPI
 "Visa, Mastercard plan to add new card fees for retailers in coming months")
Amazon's Alexa, Google's Assistant will share same JBL smart speaker
Three models of the JBL Authentics-branded smart speakers will debut in the US on Sept 17 and sell for $330 to $700
 "Amazon's Alexa, Google's Assistant will share same JBL smart speaker")
Apple tests using 3D printers to make devices in major manufacturing shift
The new technique uses a type of 3D printing called binder jetting to create the device's general outline at close to its actual size, or what is known in manufacturing as the "near net shape"
 "Apple tests using 3D printers to make devices in major manufacturing shift")
Govt to start auction process for 100 critical mineral blocks in 4 months
India is racing to ensure critical minerals security to power its ambition to make the country a key battery and electric vehicles manufacturing hub and help attain a net zero goal
 "Govt to start auction process for 100 critical mineral blocks in 4 months")
Reliance in talks with head hunters to find CEO for Jio's Insurance biz
Executives from Reliance have met several firms in recent weeks to help them map top talent across life, health and general insurance segments
 "Reliance in talks with head hunters to find CEO for Jio's Insurance biz")
RBI must ensure there's no spillover from surging food prices: MPC members
The central bank is targeting to keep inflation between 2% and 6% but the consumer price index accelerated by 7.44% last month
 "RBI must ensure there's no spillover from surging food prices: MPC members")
Govt likely to focus on motor fuel prices ahead of 2024 polls: Citigroup
The government's decision to reduce liquefied petroleum gas could lower inflation by around 30 basis points, economists Samiran Chakraborty and Baqar M. Zaidi said in a note
 "Govt likely to focus on motor fuel prices ahead of 2024 polls: Citigroup")
Return to office or risk losing job, Amazon CEO Andy Jassy warns staff
Morale at Amazon has taken a hit since the company laid off about 27,000 employees
 "Return to office or risk losing job, Amazon CEO Andy Jassy warns staff")
FBI dismantles malware system that took millions in ransom globally
US officials estimated that, since its creation in 2008, Qakbot had infected around 200,000 computers in the US and 700,000 globally
 "FBI dismantles malware system that took millions in ransom globally")
US home cashout refinancing falls to lowest since 2000 after Fed hikes
US interest-rate hikes have dented a key source of consumer funds - home-equity build-ups
 "US home cashout refinancing falls to lowest since 2000 after Fed hikes")