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India-backed oil refinery in Mongolia to start operations by 2028

The announcement was made during Mongolian President Khurelsukh Ukhnaa's visit to India

India's EAAA Alternatives to invest up to ₹400 bn in clean energy by 2030

EAAA Alternatives on Tuesday got a $60 million commitment from the European Investment Bank for the India Energy Transition Fund, which is looking to raise about $300 million by the end of the year

Crude oil declines more than 2% on US-China trade tensions, IEA report

Brent crude futures fell $1.38, or 2.2%, to $61.94 a barrel by 1248 GMT, while U.S. West Texas Intermediate crude was down 2.3%, or $1.37, at $58.12. Both contracts were at a five-month low

RBI may allow Emirates NBD to acquire controlling stake in RBL Bank

While India allows 74% foreign investment in private banks, the shareholding of a single foreign institution is limited to 15% by the RBI unless the regulator gives exceptional approval

China is making it harder to get rare earth magnet export licenses

Approvals are taking longer, although generally still within the commerce ministry's 45 business day deadline, but the scrutiny is now similar to April, at the height of the trade war

Russian oil imports in Apr-Sep fell 8.4% on tighter supplies, discounts

September's volume was flat versus August at 1.6 million bpd, down 14.2 per cent from the same month a year ago, the data showed

Balaji Amines accused of making pharma-grade chemical without licence

Balaji said it had tested its PG using US and Indian pharma standards at the behest of its non-pharma clients, and this was the reason why those standards were mentioned in its PG labels

Indian textile exporters turn to EU, offer discounts amid high US tariffs

The EU is India's largest trading partner for goods, with two-way trade of $137.5 billion in the fiscal year to March 2024, for an increase of nearly 90 per cent over the past decade

Asian stocks edge up amid uneven recovery as Wall Street recovers

Wall Street's main indexes ended as much as 2.2 per cent higher on Monday, led by chipmakers, after Trump struck a more conciliatory tone about US-China trade tensions

US, China to roll out tit-for-tat port fees on shipping amid trade tensions

Early this year, Trump's administration announced plans to levy the fees on China-linked ships to loosen that country's grip on the global maritime industry and bolster US shipbuilding

Polaris looks to separate Indian Motorcycle into standalone company

The divestiture comes at a time when Polaris is looking to streamline operations as it grapples with weak consumer demand and tariffs

Gold, silver surge to all-time highs on trade jitters, rate-cut optimism

Spot gold was up 1.9% to $4,093.39 per ounce, as of 10:04 a.m. ET (1404 GMT), after hitting a record $4,096.35/oz

Donald Trump on track to meet Xi Jinping in South Korea, says Bessent

The latest rupture followed China's announcement on Thursday that it would dramatically expand its rare earths export controls

Donald Trump urges Israel's president Herzog to pardon Netanyahu

Netanyahu was indicted in 2019 in three cases, one of which includes receiving almost 700,000 shekels ($210,000) in gifts from businessmen, including champagne and cigars

Airbus expects supply progress; Spirit deal to close in fourth quarter

The European planemaker is also on its way towards a longer-term goal of increasing underlying output of narrow-body jets to 75 a month in 2027

US ready to make deal with Iran when Tehran is ready, says Donald Trump

Tehran and Washington held five rounds of nuclear talks, prior to a 12-day war between Iran and Israel in June, which Washington joined by striking key Iranian nuclear sites

OpenAI taps Broadcom to build its first AI processor in latest chip deal

The companies said on Monday that OpenAI would design the chips, which Broadcom will develop and deploy starting in the second half of 2026

Govt panel urges faster nuclear approvals, fuel security to meet 100GW goal

It has recommended using existing sites and retiring thermal plant locations for new nuclear projects

Germany plans to acquire armoured vehicles worth almost $7 billion

The lower house of parliament's budget committee is set to approve the arms deal for the country's army in the next few days

Brookfield, Bloom Energy to launch up to $5 bn AI infra partnership

Brookfield has been investing heavily in Europe and earlier this year laid out plans to invest 20 billion euros ($23.15 billion) to develop AI projects in France