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India's forex exchange reserves rise to 11-week high of $595 billion

The currency settled at 83.3675 on Friday, a record closing low, and was down 0.1% for the week

Investors pour $40 bn into stocks in two weeks as markets surge: BofA

Global stocks have surged since the end of October as data has shown U.S. inflation is cooling faster than expected

Amazon hit by strikes, protests across Europe during Black Friday trade

More than 200 workers were striking on Friday at Amazon's warehouse in Coventry, England as part of a long-running dispute over pay

Barclays working on $1.25 bn cost plan, could cut up to 2,000 jobs: Report

"This will be viewed as a net positive for investors, but we now need to see more detail on how long the benefits will take to appear," he said

India plans strategic reserves by storing gas in depleted wells: GAIL

The strategic facilities would be built in phases in India's western and northeastern regions with an initial capacity to store three to four billion cubic meters (bcm) of gas

Indian Oil to double Ennore LNG terminal's capacity to 10 mn metric tpy

Jain said IOC hopes to boost local sales of gas to 20 million tpy by 2030, a substantial increase from the current 6.3 million tpy

A century after debut, UK music store HMV makes Oxford Street return

The 363 Oxford Street address hosted the very first HMV store in 1921, opened by composer Edward Elgar, and was central to the development of British popular music and culture

India could miss planned divestment targets by more than half this year

In 2023/24, about Rs 30,000 crore of the Rs 51,000 crore target was expected through stake sales in IDBI Bank and the privatisation of state-owned NMDC Steel

UN talks weigh goal to reduce aviation emissions via less-polluting fuels

ICAO's third Conference on Aviation and Alternative Fuels (CAAF) runs this week ahead of the COP28 U.N. climate summit in Dubai, which starts on Nov 30

Record 518 million Indian viewers watched cricket World Cup on TV: Disney

Disney had bought digital and streaming rights to show the International Cricket Council's tournaments in India from 2024 to 2027 by paying around $3 billion

India non-bank body appeals to RBI to review recent risk weight increase

The RBI last week increased the risk weights, or the capital that banks need to set aside for every loan disbursed, for banks and NBFCs by 25 percentage points to 125% on retail loans

Oil slips 1% to $81.11 a barrel on growing angst over delayed OPEC+ meeting

Producers - mainly a trio of African countries - were struggling to agree on output levels and hence possible reductions ahead of the meeting originally set for Nov. 26, OPEC+ sources said

Go First lenders to vote on liquidation amid lack of suitors: Report

The proposal whether or not to liquidate the airline has been floated and with individual lenders will take the proposal to their boards and submit final votes in 10-15 days, the report said

Centre plans to ask ONGC to consider rights issue to fund HPCL: Report

The comments come after India's finance minister announced a plan this year to provide equity of $3.6 billion to help the big state oil refiners move towards cleaner energy

Boycott campaigns over Gaza war hit Western brands in some Arab countries

All have been hit by a largely spontaneous, grassroots boycott campaign over Israel's military offensive in the Gaza Strip since the deadly Hamas attack in southern Israel on October 7

OpenAI staff warned of 'dangerous' AI tool: Sam Altman was fired next day

The previously unreported letter and AI algorithm were key developments before the board's ouster of Altman, the poster child of generative AI, the two sources said

India's October crude oil imports rise after four months of declines

Crude imports in October rose 5.9% month-on-month to 18.53 million metric tons, rebounding from a one-year low in September

UK businesses grow for first time in three months, but high rates weigh

Britain's economy has suffered from the highest inflation rate among big, rich countries and gross domestic product failed to grow in the third quarter

Amazon set to win EU's nod for its $1.4 billion iRobot acquisition: Report

The European Commission, which acts as the EU's competition watchdog, warned Amazon in July that the deal could reduce competition in robot vacuum cleaners

Govt curtails palm oil imports over rising prices, negative margins

Buyers are concerned that the recent price rise may not be sustainable, so they are placing new import orders cautiously