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India ETF flows hit record in 2023, analysts see momentum persisting

Investors are looking at India to diversify their emerging markets portfolio amid worries about economic growth in China and Sino-US tensions, analysts said

CEOs fear for their firms in pre-Davos survey as AI, climate risks rise

Advancements in generative AI were top of the concerns for most survey respondents, with almost 75% predicting it would significantly change their business in the next three years

Govt cuts windfall tax on crude petroleum to Rs 1,700 a tonne effective Tue

On Jan. 2, the government had lifted the windfall tax on petroleum crude oil to 2,300 rupees a tonne from 1,300 rupees a tonne

Thomas Cook owner Fosun in advanced talks to sell brand to eSky: Report

A deal with eSky, which is majority-owned by private equity firm MCI Capital, could be reached in coming weeks, according to the report

China calls for Gaza peace talks; Hamas to tell fate of Israeli hostages

Hamas aired video showing three Israeli hostages it is holding in Gaza and urged the Israeli government to stop the offensive against the Palestinian Islamist group and bring about their release

Donald Trump seeks early victory as Iowa caucus kicks off Republican race

A strong second-place showing for either Haley or DeSantis would keep alive the idea that Trump's march toward the nomination is not a foregone conclusion

QatarEnergy halts Red Sea LNG shipping amid attacks, seeks security advice

At least four tankers used to carry Qatari LNG were held up over the weekend after U.S. and British forces responded by carrying out dozens of air and sea strikes on Houthi targets in Yemen

Israel cabinet passes amended 2024 budget, allocates $15 bn for war in Gaza

Israel last year approved a two-year budget for 2023 and 2024, but the Gaza war has shaken up government finances, requiring budget changes and additional spending

Davos 2024: Ikea prices to fall despite Red Sea disruptions, says CEO

Ingka Group has invested more than 1 billion euros ($1.1 billion) in price reductions across its markets from September to November, and aims to continue lowering prices in 2024

Cost of Indian exports more than doubled due to Houthi attacks in Red Sea

Around 80% of India's goods trade with Europe, estimated at nearly $14 billion a month, normally passes via the Red Sea, according to government estimates

Davos 2024: India on cusp of FDI flood, says Bajaj Finserv's Sanjiv Bajaj

'Ten years of this growth we have seen, at least another five years of a strong majority government will end up institutionalising those policies to a fair extent,' Bajaj said in an interview in Davos

State-owned KABIL signs $24 mn lithium exploration deal in Argentina

The deal, signed with an Argentinian state-run enterprise, gives KABIL exploration and developmental rights for commercial production

Toyota aims to produce about 10.3 million vehicles globally in 2024

Toyota is preparing to increase production thanks to strong sales of hybrid vehicles. The shortage of automotive semiconductors and other components is also easing, the Nikkei said

More oil tankers shun southern Red Sea after US-led strikes in Yemen

Prior to the U.S. and British strikes on Yemen it had been mostly container ships which were avoiding the Red Sea, with oil tanker traffic largely unchanged in December

Angel One Q3 results: Profit rises by 14% on jump in orders, clients

Consolidated profit was 2.60 billion rupees ($31.38 million) for the quarter ended Dec. 31, compared with 2.28 billion rupees a year earlier, according to an exchange filing

RBI proposes tighter norms for deposit-taking housing finance firms

The central bank has also proposed the ceiling on public deposits held by HFCs be reduced to 1.5 times of net-owned funds from 3 times

Softer core inflation data drives India 10-year bond yield to 4-month low

U.S. yields eased last week after December producer prices data fell unexpectedly, raising bets of an early interest rate cut by the Federal Reserve

Aster considering to pay 70-80% of $903 mn Gulf demerger money as dividends

The company said on Monday it plans to use the proceeds to pay shareholders between 110 rupees and 120 rupees per share as dividends

Hitachi's Indian business expects to have $20 billion revenue by 2030

Hitachi India's rail and power business would be the biggest revenue contributor over the next decade, he Kaushal added

Mahindra Group-backed infra investment trust trading debut on Monday

SEIT raised 13.65 billion rupees in the offer, while Mahindra Susten, the green energy arm of the tractors-to-financing conglomerate Mahindra Group, raised 8.98 billion rupees, according to statement