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Sugar output in Maharashtra set to fall to lowest in 4 years after dry Aug

The reduced output could add to food inflation and discourage New Delhi from allowing sugar exports, supporting global prices which are already near their highest in more than a decade

Aeroflex Industries in talks to enter aerospace sector, says top official

Following the recent success of its lunar mission, India launched its first solar mission, the latest step in its efforts to increase its share of the global satellite launch market by fivefold

Re-jig of banks' investment rules to boost govt debt appetite: Bankers

Currently, the limit is 19.5% of a bank's net deposits, with some dispensation on bonds purchased between Sept. 1, 2020 and March 31, 2023

Russia to help North Korea build satellites, says President Vladimir Putin

Kim arrived at Vostochny by train, after crossing into Russia early on Tuesday

Wall Street dips, the dollar strengthens ahead of key inflation data

One week from today, the central bank is due to convene its two-day policy meeting, at which the Fed is broadly expected to let current key interest rates stand

Top US House Republican McCarthy calls for Biden impeachment inquiry

Many in McCarthy's party were infuriated when the House, then controlled by Democrats, twice impeached Republican President Donald Trump - in 2019 and 2021 - though he was acquitted both times

Oil prices jump 2% to near 10-month high as Opec predicts tight supplies

Brent futures rose $1.64, or 1.8%, to $92.28 a barrel by 11:15 a.m. EDT (1515 GMT). U.S. West Texas Intermediate (WTI) crude rose $1.91, or 2.2%, to $89.20

Apple kicks off iPhone 15 event with new cables, better cameras expected

The event at Apple's Cupertino, California, headquarters comes amid a global smartphone slump and lingering economic uncertainty, especially in China, Apple's third-largest market

Bain Capital slashes stake in L&T Finance Holdings by more than half

Investment firm Bain Capital sold more than half its stake in non-banking financial company L&T Finance Holdings in two block deals, data from BSE India exchange showed on Tuesday

RBI issues revised classification, guidelines for banks' investments

The Reserve Bank of India on Tuesday issued revised classification, valuation and operation guidelines for the investment portfolio of commercial banks, which will be effective from April 1, 2024

Gold ticks down by 0.2% as US inflation data eyed for Fed rate cues

Spot gold was down 0.2% to $1,918.72 per ounce by 1016 GMT, while U.S. gold futures dipped 0.3% to $1,941.70

Steel mills expect wheel prices to ease after anti-dumping duty on China

Late on Monday, the Indian government imposed an anti-dumping duty on steel wheels used in tyres, from China, in a bid to crack down on predatory pricing

Brent holds above $90; markets await data for clues on Fed, ECB outlooks

The Federal Reserve is widely expected to leave interest rates unchanged at a policy meeting next week, though views are split over whether the Fed will hike or pause again in November

Alibaba's Wu lays out strategic priorities for staff- user first, AI driven

This would help maintain a "start-up mindset" and prevent the company getting "stuck in our old ways", he said

India imposes anti-dumping duty on some Chinese steel for 5 years

India on Monday imposed an anti-dumping duty on some Chinese steel for five years, according to a government notification

Yen jumps on Bank of Japan's comments; dollar dips as US inflation ease

The dollar softened ahead of U.S. inflation data due on Wednesday, with the Federal Reserve widely expected to pause its interest rate hikes

Global companies to hike security spending as threats rise: Survey

A survey of 1,775 chief security officers in 30 countries found their companies had lost more than $1 trillion in revenue in 2022 as a result of non-cyber security incidents

Walt Disney, Charter Communications near distribution deal: Report

Charter, one of the biggest cable companies in the United States, has been locked in a distribution battle with Walt Disney over how much its channels are worth and how to package them

Saudi Arabia to consider Sovereign Wealth Fund office in India's GIFT City

Saudi Arabia will consider setting up an office of its Sovereign Wealth Fund in India's Gujarat International Finance Tec-City (GIFT) in the west

State-owned non-bank lender IREDA files for IPO with market regulator

State-owned non-banking financial company, Indian Renewable Energy Development Agency (IREDA), has filed for an initial public offering (IPO) with the country's markets regulator, as per draft papers