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Global stock index rises as dollar, bond yields climb with rates in focus

The dollar gained as investors took profits on bets it would weaken further and shrugged off economic data suggesting the Fed could be done hiking rates

US consumer spending slows in October, weekly jobless claims rise slightly

Fears that the economy could slide into recession in early 2024 could see households reluctant to spend and instead build their savings

Israel and Hamas agree to extend truce, minutes before it was to expire

The truce has allowed much needed humanitarian aid into Gaza after much of the coastal territory of 2.3 million was reduced to wasteland in response to a deadly rampage by Hamas militants

Opec+ ministers meet to discuss additional oil output cuts for next year

The size of potential additional cuts have not been decided yet, but two delegates said they ranged from 1 million to 2 million barrels per day (bpd) for the first quarter of 2024

Tata Technologies stock soars after smashing debut, valued at $6.4 billion

The shares surged past the initial public offer price of 500 rupees to debut at 1,200 rupees before hitting the day's high of 1,400 rupees and ending 163% higher at 1,313 rupees

Britain's antitrust regulator wins appeal to probe Apple's mobile browser

The Competition and Markets Authority (CMA) opened a full investigation last year into the dominance of Apple and Alphabet Inc's Google in mobile browsers

Explained: Why Opec+ members find it hard to agree oil production quotas

OPEC+ negotiations over production quotas have often been difficult in the past. Oil production tends to vary month by month, making it difficult to fix on a permanent production target.

UltraTech Cement to buy Kesoram's cement business in $645 million deal

As a part of the deal, UltraTech will issue one share for every 52 shares of Kesoram and give UltraTech ownership of two integrated cement units in states of Karnataka and Telangana

EU antitrust regulators accuse five car battery makers of running cartel

The five manufacturers are Banner, Clarios, Exide, Elettra and Rombat. They make 12-volt lead batteries which are currently used to start most combustion engine cars

India's oil imports from Russia rebound in November on Diwali demand

India has boosted purchases of Russian oil sold at a discount after imports from Russia were shunned by some Western countries following its invasion of Ukraine last year

Nifty 50's best month since July 2022 on IT, energy stocks, GDP data eyed

GDP growth is forecast to have moderated to 6.8% in the September-quarter from 7.8% in the previous quarter, but the country still remained the fastest growing major economy, according to Reuters

Coal will remain an important part of India's energy needs: Official

"Coal is, and would, remain an important part of India's energy needs," Foreign Secretary Vinay Mohan Kwatra told reporters ahead of Prime Minister Narendra Modi's trip to Dubai

Analysts suggest hedging India equity portfolio before state poll results

India's blue-chip Nifty 50 index, hovering near record highs, has rallied 5% in November and is up 11% this year. It was at 20,044.6 at 12:40 p.m. IST

France's fashion group SMCP strikes deal with Reliance to expand into India

Reliance Brands, a subsidiary of Ambani's Reliance Retail, has partnership deals with dozens of high-end European and American labels, including Bottega Veneta, Burberry, Valentino and Tiffany

DLF mulls first bond issue in three years amid revival of real estate mkt

"It is difficult to pinpoint the exact timing (of the issue), as the talks are at a very basic stage," the banker said

Israel-Hamas fail to agree for next hostage swap, truce set to expire

Doron Spielman, a spokesman for the Israeli military, said in a briefing on social media that no agreement had been reached regarding the next hostages to be released

Bhutan votes in preliminary round of elections, results likely on Friday

Nearly half a million of the country's fewer than 800,000 people are eligible to vote for the five political parties that are in the fray

India's blue-chips shares set to continue ascent towards new record highs

India's GIFT Nifty was down 0.05% at 20,132 as of 8:03 a.m. IST. The blue-chip Nifty 50 index on Wednesday settled at 20,096.60, above the 20,000 mark for the first time since Sept. 18

Indian economy expected to sustain strong growth amid global gloom

India's is seen as the bright spot globally as some Western countries are flirting with the possibility of recession, while China, the world's second-largest economy, has slowed down

OpenAI unlikely to offer board seat to Microsoft, other investors: Report

Microsoft, which has invested more than $10 billion in OpenAI, is one of the biggest backers of OpenAI that operates ChatGPT, its viral generative AI chatbot