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Stellantis $13 bn US investment plan gains support from investors

The plan, announced late on Tuesday, would help buffer the group from US tariffs, an impact the French-Italian-American group had estimated in July at about $1.7 billion this year

BlackRock, Nvidia-backed group strikes $40 billion AI data center deal

The acquisition is the latest in a series of big-ticket deals involving Big Tech and Silicon Valley startups that has been fueled by the boom in AI

Apple CEO Tim Cook pledges to boost China investment despite Trump tensions

Many US companies have become cautious about relations with China as the world's two biggest economies clash over tariffs

Aid trucks enter Gaza as dispute over hostage bodies is temporarily paused

Hamas returned four bodies confirmed as dead hostages on Monday and another four bodies late on Tuesday, though Israeli authorities said one of those bodies was not that of a hostage

Meta to invest $1.5 billion in Texas AI data centre, creating 100 jobs

Meta has invested over $10 billion in Texas and employs more than 2,500 people across the state, the company said. These figures include the latest investment

Tesla urges Delaware Supreme Court to restore Musk's $56 billion payday

One of the biggest corporate legal battles entered its final stage after a lower court judge rescinded the Tesla CEO's record compensation in January 2024

US tech startup Anthropic unveils cheaper model to widen AI's appeal

Anthropic's annual revenue run rate - a calculation of annual revenue extrapolated from the current sales pace- is almost $7 billion, the spokesperson said

US government shutdown costing economy $15 billion a day, says Bessent

The only thing slowing us down here is this government shutdown, Treasury Secretary Scott Bessent said

HDFC Life Q2 profit rises 3.3% to ₹4470 cr, net premium income up 13%

The insurer's net profit rose 3.3% year-on-year to 4.47 billion rupees for the quarter ended September 30

Apple lobbies Centre to change tax law on high-end iPhone machinery

In China, Apple procures the machines used to make iPhones and gives them to its contract manufacturers, and is not subject to tax even though it still owns them

RBI's liquidity boost falters amid FX market intervention, say analysts

In June, the central bank announced a phased 100-basis-points CRR cut from September to November to release about ₹2.5 trillion ($28.3 billion)

India's palm oil imports hit four-month low as soyoil gains preference

India's palm oil imports in September dropped 16.3 per cent to 829,017 metric tonnes, marking their lowest point since May, the industry trade body SEA of India said

Govt scraps tax exemption on imports of missile parts amid Adani prob

In September, the government said it would free up all such parts, whether for long- or short-range missiles, from import taxes, in a boost for defence companies

Meet Indian AI startups replacing call-center jobs with human-like chatbots

AI-powered systems are subsuming jobs done by headset-wearing graduates in technical support, customer care and data management, sparking a scramble to adapt

Indian-origin US strategic expert Ashley Tellis held over China links

Tellis is also a senior fellow at the Carnegie Endowment for International Peace, a Washington think tank

Asia shares recover, dollar eases as Fed cut bets reclaim spotlight

Powell left the door open to further rate cuts on Tuesday and said the end of the central bank's long-running effort to shrink the size of its holdings may be coming into view

US banking giants see gains from dealmaking surge but warn of asset froth

Global investment banking fees reached a four-year high in the first nine months of the year, underpinning earnings

Broadcom to launch Thor Ultra networking chip, intensifying Nvidia rivalry

The Thor Ultra will battle Nvidia's networking interface chips and aim to further entrench Broadcom's control of network communications inside data centers designed for AI applications

Gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters

Spot gold rose 0.7% to $4,137.76 per ounce as of 11:22 a.m. ET (1522 GMT), after hitting a record high of $4,179.48 earlier in the session

India-backed oil refinery in Mongolia to start operations by 2028

The announcement was made during Mongolian President Khurelsukh Ukhnaa's visit to India