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India's equity MF inflows moderate in November; SIPs hit new high

The inflows dropped 22.15% month-on-month to Rs 15,536 crore in November from Rs 19,957 crore in October, the data showed

'Working to prevent disruption of ethanol supplies for gasoline blending'

India's goal of raising ethanol blending in petrol to 20% from 2025/26 remains intact, Oil Secretary Pankaj Jain said

Taiwan intelligence says China leadership discussed election interference

Beijing has repeatedly called the DPP dangerous separatists and urged Taiwanese to make the "right choice". The DPP's presidential candidate, Lai Ching-te, is leading in the polls

Apple to move key iPad engineering resources to Vietnam: Report

Apple suppliers including Luxshare and Foxconn also invested in the Southeast Asian country earlier this year to further diversify production away from China

India moving towards T+0 for market settlement before end-FY24: Sebi

Currently trades in India are settled in "T+1" or one day after the trades are initiated. T+0 would mean settlements in the same day and instant settlement would ensure trades are settled immediately

China to set up auto research institute in Thailand as EVs gain traction

Thai govt tax incentives and subsidies already drawn Chinese carmakers, including BYD and Great Wall Motor, which committed to investing $1.44 billion in new production facilities in the country

RBI set to retain hawkish pause on interest rates; keep liquidity tight

The swap markets are signalling that the Indian central bank will begin cutting rates in the middle of 2024, at least a quarter after the U.S. Federal Reserve is expected to start loosening policy

More than 10 million people signed up for X in December, says CEO

X, which does not regularly release user data, could not immediately be reached for comment on how the December sign-ups compared to average or why Yaccarino disclosed the figure

India's fuel demand slips in Nov from 4-month peak, hit by reduced travel

It was down about 2 per cent compared with the same period a year earlier

Indian banks ask fintech partners to limit tiny personal loans: Report

Several smaller fintechs have tie-ups with banks and non-bank finance companies for small-ticket personal loans

US firm KKR to raise up to $7 bn for first global climate fund: Report

The fund will scout for opportunities across the United States, Europe and Asia Pacific for investments of between $300 million and $750 million each, the source added

Moldova, Serbia volunteer to host UN climate talks 'COP29' next year

At this year's UN climate summit, countries, development institutions and businesses are pledging more money for everything from the energy transition to health care initiatives

'World is watching,' says US President Biden as Israel, Ukraine aids stall

Biden said he was willing to consider immigration policy changes to secure a deal, winning praise from a key Republican lawmaker

Asia-Europe LNG spread at widest level in almost two years: S&P Global

The spread between the Japan Korea Market, used as an Asian benchmark, and the Title Transfer Facility, the European gas benchmark, was assessed at $2.79 per million British thermal units on Wed

British hedge fund trader Sanjay Shah detained in Denmark before trial

Shah is due to face trial in Denmark early next year on charges related to so-called "cum-ex" trading schemes in which the Danish state says it lost more than 12.7 billion crowns ($1.84 billion)

SoftBank seeks to offload shares worth $135 million in Zomato: Report

This is the third time since August that SoftBank will offload its stake in Zomato, India's largest online food delivery service. It sold a similar stake in October

Tata Motors lobbies against lowering EV import taxes as Tesla looms: Report

As India tries to boost domestic manufacturing and EV adoption, Tesla is proposing to set up an Indian factory, but is demanding lower import taxes for electric cars

Indian cos' rupee bond issuance at record in 2023 on jumbo debt sales

Indian companies raised around 914 billion rupees ($10.97 billion) through the private placement of bonds in November

Citigroup reorganisation to be completed in first quarter, to cost $1 bn

The bank maintained its estimate for 2023 expenses at $54 billion, excluding a special assessment from the Federal Deposit Insurance Corp. of about $1.65 billion

India plans to discourage ethanol production to prioritise sugar: Report

India's fuel retailers buy ethanol from sugar mills to blend with gasoline and they were paying higher price for ethanol produced from juice and B-heavy molasses