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Ambani's Viacom18 to strike deal with Blackstone for new Mumbai HQ

Viacom, which runs TV channels and digital streaming platform JioCinema, competes with the likes of Walt Disney in India

Sebi removes penalties on cos unable to meet mandatory bond mkt borrowing

The regulator said it would grant more flexibility to large companies for incremental borrowing via bonds

India unlikely to export sugar in 2023-2024, says ED&F Man Commodities

Nearly a month ago government sources told Reuters that India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years

Bank of England halts run of interest rate hikes as economy slows

It cut its forecast for economic growth in the July-September period to just 0.1% from August's forecast of 0.4% and noted clear signs of weakness in the housing market

Cisco Systems beefs up cybersecurity play with $28 billion Splunk deal

Cisco offered $157 in cash for each share of Splunk, representing a 31% premium to the company's last closing price

Rupert Murdoch steps down as chairman of Fox and News Corp: Report

His son, Lachlan Murdoch, will become the sole chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday

Sebi firms 'corporate group' definition amid offshore funds scrutiny

This communication was sent by stock exchanges on behalf of the regulator - the Securities and Exchange Board of India (SEBI) - to companies earlier this week and has not been previously reported

India's struggling carrier Akasa blames regulator 'inaction' as pilots quit

Akasa is suing some of the pilots for alleged contractual violations, and has warned in court that it might have to shut down if the exits continue

Adani forms joint venture to redevelop one of Asia's biggest slums Dharavi

Adani group won the Dharavi rebuilding project in July by bidding $610 million for the project

Tesla proposes building EV battery storage factory in India: Report

While both Tesla and the Indian government remain keen on the proposal, and New Delhi continues to review it, it is not certain if the plan will be realised, said the first source

US weekly jobless claims at 8 month low, unemployment numbers falling

Demand for labor is slowing, overall labor market conditions have remained tight despite higher interest rates

JSW in talks with LG Energy Solution to make EV batteries in India

The Indian company is also talking to other battery players including China's CATL and Japan's Panasonic and Toshiba as it looks to build a local supply chain for EVs

RBI proposes lenders identify 'wilful defaulters' within six months

The regulator proposed that non-banking finance companies (NBFCs) should also be allowed to tag accounts using the same parameters

India's soybean production may drop due to erratic rain: Industry officials

India uses soybeans to manufacture soyoil, which helps the country cut its hefty edible oil imports, while the by-product soymeal is used for animal feed and exported mainly to Southeast Asia

China's economic woes deepen, advisors suggest more infrastructure spending

Advisers calling for immediate stimulus argue the central government's low debt means it can shoulder the burden with municipalities to finance infrastructure

Adjusting diplomatic staff in India after social media threats: Canada

With both nations expelling a diplomat each, analysts said relations between the two countries have touched the lowest point

GAIL issues tender to buy 1 LNG cargo for October delivery: Reports

India's largest gas distributor is seeking the cargo for delivery to the Dabhol terminal between Oct. 19-31

India counting on potash supplies despite diplomatic row with Canada

Ties between India and Canada deteriorated sharply after New Delhi and Ottawa expelled one of the other's diplomats in a dispute over the murder of a Sikh separatist leader

US Federal Reserve policymakers expect 5.1% policy rate at end of 2024

The dialed back pace of anticipated policy easing next year goes hand in hand with what policymakers expect to be mixed progress toward the Fed's 2% inflation goal

Fed leaves rates unchanged at 5.25-5.50%, sees tighter policy through 2024

As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range