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India's Dec gold imports plunge 79%; fall by over a third in 2022: Report

The drop in imports could help in bringing down India's trade deficit and support the rupee

Cyient reports 37% surge in Q3 revenue on back of slew of acquisitions

The company's design-manufacturing business Cyient DLM reported a 10.3% increase in revenue

India, US establish new trade group to build sustainable supply chains

The Trade Policy Forum, revived in 2021 after a gap for four years, will reconvene on a ministerial level before end of 2023

India to explore buying oil from Guyana in long-term deal, says govt

India's Petroleum Minister Hardeep Singh Puri met Guyana's President Mohamed Irfaan Ali on Thursday

Yen jumps, dollar near 7-month low against euro ahead of US inflation data

"You could start to see the normalisation of monetary policy which would be a huge step for Japan (and) a very positive tailwind for the yen," Turner added

India's Dec palm oil imports fall 2.8% to 1.11 million tonnes: Trade body

Imports of soyoil gained 10.1% to 252,525 tonnes while sunflower oil imports jumped 23% to 194,009 tonnes, a release said

Alibaba Group sells Paytm stake worth $125 million through block deal

Paytm's stock fell as much as 8.8% to 528 rupees in afternoon trading, and was last down 5.8% as of 2:37 p.m. IST

CCI's 10 antitrust directives on Android that have spooked Google

Google licenses the system to smartphone makers, but critics say its restrictions are anti-competitive

Indian govt's record borrowing in FY24 likely to hit high next fiscal year

The Indian government's borrowing will likely hit a record high next fiscal year, as it prioritizes growth, which could push bond yields higher, ICICI Bank's treasury head told on Thursday

Reviewing govt's show cause notice on tax evasion, says Samsung India

DRI sent Samsung India a show cause notice, accusing it of skirting import taxes by misclassifying networking devices called remote radio heads to avail undue exemption of basic customs duty

China consumer inflation accelerates in Dec; PPI falls with soft demand

China abandoned its strict zero-Covid measures last month, lifting lockdowns, removing quarantine and halting regular testing. As a result, economists expect inflation to continue to accelerate

Oil rises on China demand optimism, Russian supply concerns amid sanctions

Brent crude rose 50 cents, or 0.6%, to $83.17 per barrel by 0135 GMT, while U.S. West Texas Intermediate crude also rose 50 cents, or 0.7%, to $77.91 per barrel

India eyes overseas copper, lithium mines to meet domestic shortfall

"A team of experts has already studied the technical aspects of the one copper and two lithium mines in Argentina by visiting the sites"

Daughter is new Dior CEO as Arnault tightens family grip on Louis Vuitton

Delphine Arnault, 47, has worked at Louis Vuitton for the past decade alongside Burke and previously spent a dozen years at Dior

Uniqlo parent Fast Retailing Co gives jolt to Japan Inc with 40% wage hike

The move by the firm is likely to heighten focus on worker pay ahead of annual spring labour negotiations

India may exempt 30 GW of solar plants from equipment duty: Report

In March 2021, the government announced 25% basic customs duties on solar photovoltaic cells and 40% on solar photovoltaic modules with effect from April 1, 2022

Thousands of flights grounded across US after FAA system outage

A total of 1,230 flights were delayed within, into or out of the United States as of 7.19 am ET (1219 GMT), flight tracking website FlightAware showed

Oil gains 2% on optimism over world economy despite US crude build

If inflation comes in below expectations, that would drive the dollar lower, analysts said, which could boost oil demand because it makes the commodity cheaper for buyers holding other currencies

India eyes overseas copper, lithium mines to meet domestic shortfall

To start with, India has identified one copper and two lithium mines in resource-rich Argentina to either acquire or secure long-term leases, the sources said

Suzuki Motor turns to Toyota for lessons on small EVs, other technologies

Japan's Suzuki Motor Corp plans to learn from partner Toyota Motor Corp how to use EV technology to build small electric cars, its president Toshihiro Suzuki told reporters