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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

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%