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High staff churn in India's financial sector to persist in FY24: TeamLease

"The demand for salespeople (selling personal, home, agriculture and other loans) is huge," said CEO for staffing at TeamLease

Tesla on two wheels? India's Ola Electric feels the strains of success

Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years

Proxy advisory firm urges Raymond's directors to probe assault allegations

CNBC TV 18 reported that Singhania has written to the company's board of the company assuring smooth functioning of business amid the ongoing separation with his wife

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

China's Alipay plans to sell 3.4% stake worth near $400 mn in Zomato

Bank of America and Morgan Stanley are advisers on the deal, which is likely to be executed later this week on Indian exchanges, said the three sources, who declined to be named as the plan is private

Center plans to increase coking coal shipments from Russia: Report

Russian coking coal cargoes are already cheaper than Australian supplies, and some Russian suppliers are willing to lower their prices, said sources

Sebi plans to ease capital and disclosure rules for passive funds: Reports

The Securities and Exchange Board of India (Sebi) will seek public comments on the proposals before finalising the rules, the sources said

Meta Platforms' paid ad-free service targeted in Austrian privacy complaint

The ad-free service cost 9.99 euros ($10.90) monthly for Web users and 12.99 euros for iOS and Android users

Crude oil prices rise on weak dollar, expectations for OPEC+ output cuts

Brent crude futures were up 11 cents, or 0.1%, at $80.09 a barrel at 0510 GMT. U.S. West Texas Intermediate (WTI) crude futures were trading 4 cents higher, also 0.1%, at $74.90 a barrel

US, Britain, other countries ink agreement to make AI 'secure by design'

The agreement, signed by 18 countries, is non-binding

Sale of new US single-family homes falls more than expected in October

New home sales dropped 5.6% to a seasonally adjusted annual rate of 679,000 units last month, the Commerce Department said on Monday

Opec head Haitham Al Ghais accuses IEA of vilifying fossil fuel industry

"This presents an extremely narrow framing of challenges before us, and perhaps expediently plays down such issues as energy security, energy access and energy affordability," Al Ghais said

Deutsche Bank forecasts 12% upside to S&P 500 through 2024-end: Report

The bank forecast earnings for companies in the benchmark index to rise 10% after factoring in a "mild short" recession and a 19% increase if US gross domestic product grows by 2%

Oil prices slip, Brent falls toward $80/barrel ahead of Opec+ meeting

Brent crude futures fell 42 cents, or 0.5%, to $80.16 a barrel by 0901 GMT, while U.S. West Texas Intermediate crude futures were at $75.05 a barrel, down 49 cents, or 0.7%

India to remain fastest-growing major economy, demand uneven: Poll

Gross domestic product (GDP) growth is forecast to have slowed to 6.8% in the July-September quarter from 7.8% in the previous quarter

Drug manufacturers in India benefit from Big Pharma interest beyond China

China has for nearly 20 years been the preferred location for a range of pharmaceutical research and manufacturing services due to the low cost and speed offered by contract drugmakers there

Chinese authorities open probe into troubled shadow bank Zhongzhi

Police urged investors to report cases or provide leads to the authorities, including filing complaints online

China health ministry for more fever clinics to combat mystery illness

Both SARS and Covid-19 were first reported as unusual types of pneumonia

Sebi board meeting: Key decisions on AIFs, NPOs, REITs, index providers

Sebi held its quarterly board meeting in Mumbai on Saturday where it approved several key decisions including providing flexibility for fund raising by NPOs through the social stock exchange

Centre announces phased introduction of biogas blending for domestic use

The mandatory phased introduction will start at 1% for use in automobiles and households from April 2025, it said. The share of mandatory blending will then be increased to around 5% by 2028