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Doosan Skoda Power aims to raise up to $115 million in Prague IPO

Doosan Skoda Power is also offering up to 2.9 million new shares, which would increase its total number of shares to 31.9 million, valuing the firm at 8.3 billion crowns at the upper end of the IPO

Govt shifts focus from privatisation to investing billions in ailing PSUs

Political pressure on Modi have increased after he came back to power only with help of regional allies, making it difficult to overcome opposition to privatisation by employee unions fearing job loss

Budget 2025: Brokerages predict income tax cuts, consumption boost

Any hike in welfare spending could act as a sentimental positive for cement and rural recovery, said Jefferies, betting on Bharti Airtel, Ultratech Cement and TVS Motor to benefit from such calls

India's finished steel imports from China hit 7-year high in April-Dec

China, the world's top steel producer, shipped 2.1 million metric tonnes of finished steel to India during April-December, up 13.3 per cent year-on-year, the data showed

US cruise vacations to see slower growth in 2025, says industry group

Passenger volume this year is projected to grow 4.5 per cent from 2024, when 18.2 million Americans went on ocean cruises

Oil falls as Donald Trump reiterates call for Opec to reduce prices

Opec and its allies including Russia have yet to react to Trump's call, with Opec+ delegates pointing to a plan already in place to start raising oil output from April

China Jan manufacturing activity shrinks unexpectedly, hits five-month low

China's $18 trillion economy hit the government's growth target of "around 5 per cent" over 2024 but in a lopsided fashion, with exports and industrial output far outpacing retail sales

Asia equities slide with US futures on China's AI push; dollar firms

US Nasdaq Composite futures tumbled 1.8 per cent as of 0158 GMT and S&P 500 futures sank 0.9 per cent

Google pushes agenda to educate workers on AI, plans $120 mn investment

A key priority, one executive told Reuters, comes in building out educational programs to train the workforce on AI

Dorf-Ketal Chemicals India files for $580 million IPO, claim draft papers

The IPO consists of fresh issue of shares worth up to 15 billion rupees, while existing shareholder Menon Family Holdings Trust is selling shares worth up to 35 billion rupees

Dollar on track for worst week since Nov 2023 amid Trump policy fears

The dollar index was last down 0.67 per cent on the day at 107.42. It reached 110.17 on Jan. 13, the highest since November 2022

Putin suggests a meeting with Trump to discuss Ukraine war, energy issues

It was the strongest indication yet from the Kremlin that it is keen for an early summit with Trump after three years of virtually no high-level contact with Western leaders because of the war

US business activity at 9-month low in January; hiring accelerates

S&P Global said on Friday that its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, declined to 52.4 this month

Meta to invest up to $65bn in AI infrastructure this year: Zuckerberg

Big technology companies have been investing tens of billions of dollars to develop AI-related infrastructure after the meteoric success of ChatGPT highlighted the potential for the technology

OpenAI faces a new copyright case from global publishers in India

The New Delhi-based Federation of Indian Publishers told Reuters it had filed a case at the Delhi High Court, which is already hearing a similar lawsuit against OpenAI

US will let sanctioned Russian oil tankers offload by Feb 27: Oil Secy

India became the top buyer of Russian sea-borne oil sold at a discount after Western nations imposed sanctions on Moscow

Ola joins Uber, denies implementing phone model-based pricing in India

Ola and Uber received notices from an Indian government consumer body on Thursday, directed by consumer affairs minister Pralhad Joshi, following media reports and complaints that Apple users pay more

India bond yields dip amid investor demand, post weekly fall before budget

The 10-year bond yield ended at 6.7206 per cent , compared with the previous close of 6.7341 per cent

China FY24 revenue growth falls, non-tax income jumps amid market slump

Fiscal revenues in 2024 totalled 21.97 trillion yuan ($3.03 trillion), including 17.497 trillion yuan in tax receipts and 4.473 trillion yuan in non-tax income

WHO chief plans cost cuts, revised priorities after US exit, document shows

The United States is by far the WHO's biggest financial backer, contributing around 18% of its overall funding. WHO's most recent two-year budget, for 2024-2025, was $6.8 billion