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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

Huawei's new smart car firm valued up to $35 bn amid advanced stake talks

Main auto partner Chongqing Changan Automobile and relevant parties will own up to 40% of the new firm, a Changan Auto statement showed

'Tax the bad' to boost climate finance, says COP28 advisory panel

While citing an urgent need for new funding sources, the report by a group of independent economists said existing streams of revenue could also be reallocated

Walmart turns to India from China for cheaper imports as it cut costs

Only 60% of its shipments came from China during the same period, down from 80% in 2018, the same data shows. To be sure, China is still Walmart's biggest country for importing goods

Vanguard to Goldman Sachs, global firms rush to buy Alipay's Zomato stakes

Shares of Zomato have nearly doubled this year as the company started to turn a profit after going public in 2021, prompting some of its biggest investors to lock in gains on their investments

Competition Commission names Sanjay Pandey as interim investigations head

Pandey has worked at the Competition Commission of India (CCI) for almost 14 years and is also an adviser in its advocacy and international cooperation division

Foot Locker set for entry in India, signs deal with Metro Brands, Nykaa

"These agreements will enable Foot Locker to efficiently access the large and growing sneaker market in India," Nykaa said

Centre aims to add coal-fired power capacity amid record demand: Report

The expansion drive comes ahead of this week's U.N. climate summit COP28, where France and the United States are expected to clamp down on financing for coal plants

US military Osprey aircraft crashes in western Japan with eight onboard

The deployment of the Osprey in Japan has been controversial, with critics saying the hybrid aircraft is prone to accidents. The U.S. military and Japan say it is safe

India's April-Oct steel imports from China at four-year high

China, the world's top steel producer, exported mostly cold-rolled coil or sheets to India, followed by hot-rolled coil products, plates, and pipes, among others

Renewables lender IREDA hits over $1.8 bn valuation in trading debut

Shares of IREDA, which were listed at 50 rupees, climbed to a high of 57.75 rupees, well above their initial public offer (IPO) price of 32 rupees

Gold at near 7-mth peak as dollar, yields dip on Fed rate-cut speculations

Spot gold rose 0.2% to $2,044.69 per ounce by 0632 GMT, after hitting its highest since May 5. U.S. gold futures for December delivery rose 0.3% to $2,045.30 per ounce

Russia attacked with 21 drones, 3 cruise missiles: Ukraine's Air Force

The Iranian-made Shahed drones were headed towards the Khmelnitskyi region, and the missiles for the southern parts of Ukraine, the air force said on the Telegram messaging app

China's Alipay sells stake in Zomato for nearly $400 million: Term sheet

The deal comes after Reuters reported on Tuesday that Alipay was planning to sell its 3.4% in Zomato through block deals on the Indian stock exchanges

Brisk export orders stoke new season basmati rice prices in India

This month, Reuters reported that India signed contracts to export about 500,000 metric tonnes of new season basmati rice, indicating brisk overseas sales of the premium aromatic variety

Ukraine says Russian strikes hit coal mine, private homes; four killed

Three apartment buildings, two industrial enterprises, an administrative building, and vehicles were damaged. Power lines and a gas pipeline were also targeted

French nuclear operator EDF ties up with Canadian, Czech, Indian firms

EDF concluded a cooperation agreement with BHEL to "maximize the local content" of a proposed project to build six EPR reactors in Jaitapur

AI threatens wages, not jobs so far, European Central Bank paper finds

Employment share of sectors exposed to AI has increased, with low and medium-skill jobs largely unaffected