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Vedanta Resources secures $300 million loan commitment for debt refinancing

In September 2024, Vedanta Resources raised $900 million in its first dollar bond issue in more than two years and later raised $800 million through another dollar bond issue in November

US to impose sanctions on Russian oil, Indian supplies may be hit

The sources said they understand that the new US sanctions would target more than 180 tankers shipping Russian oil and Russia-based maritime insurance service providers Ingosstrakh Insurance Company

Crude prices jump more than 3% on concerns over more US sanctions on Russia

The document, purported to be from the U.S. Treasury, was being circulated among traders in Europe and Asia. Reuters could not verify the veracity of the document

India's rice stocks hit record high, wheat reserves continue to deplete

India's rice exports have gained momentum after New Delhi removed most curbs in September and October

Tesla recalls around 239,000 vehicles over rear-view camera issue

Tesla said it was investigating to determine whether any affected vehicles have experienced stress that could result in a shorting failure

In month since the change of guard at RBI, rupee's volatility picks up

The dollar-rupee pair's 1-month daily realized volatility touched a near-six-month high late in December while implied volatility, a gauge of future expectations, rose to 3.5%

CBI names Diageo, Sequoia Capital in case alleging suspicious payments

The agency said Diageo suffered a huge loss from the 2005 embargo on its products by the India Tourism Development Corp, a firm majority-owned by the government that had a monopoly

Mercedes-Benz 2024 car sales fell 3% in a tough year for automakers

Annual sales of battery-electric cars (BEV) dropped by 23 per cent to 185,100 vehicles, adding pressure on the carmaker as new, harsher EU CO2 emission reduction targets take effect this year

Prada mulls Versace buy as Capri seeks buyers with Barclays' help

Last month, trade journal Women's Wear Daily had reported that the US luxury conglomerate, which also owns Michael Kors, was working to find buyers for some of its brands, including Versace

Nvidia criticises Biden's plan to impose restrictions on AI chip exports

Nvidia's Finkle said the reported policy was disguised as an anti-China move

Nomura hires Sudhir Nemali as international wealth chief operating officer

Nemali, who has over three decades of wealth management experience, is joining from Deutsche Bank, where he was most recently the chief operating officer for wealth management

Trudeau criticises Trump's proposed US tariffs on Canadian products

Trump says he will impose 25 per cent tariffs on all Canadian imports unless Ottawa boosts border security

Union, employers credit Trump in US port deal that may shape future talks

The success of the International Longshoremen's Association in winning Trump's support for its anti-automation battle could be instructive for unions facing contract renewals during his term

Musk asks state AGs to auction OpenAI stake in nonprofit restructuring

Musk's attorney sent a letter to the states' top law officers in which he argued they should provide a process for competitive bidding to determine fair market value of OpenAI's charitable assets

US Senate panel to hold hearings on Donald Trump energy picks next week

The committee will hold a hearing to consider Doug Burgum, Trump's nominee to be secretary of the interior, on Tuesday, Jan. 14

Hyundai launches $18,000 compact EV in Japan to penetrate EV-wary market

The Japan launch of the Hyundai Inster follows attempts by foreign brands such as Tesla to enter a country which has seen a slow take-up of EVs

Donating $1 million to Trump presidential inaugural fund, says Boeing

Boeing is joining many major US companies including General Motors, Ford, Microsoft and Meta in donating for the Jan. 20 event

Consumer inflation likely eased to 5.3% in Dec on modest food prices: Poll

Food prices, which make up nearly half of the country's consumer price index (CPI) basket, have kept inflation elevated in recent months, largely driven by a sustained surge in vegetable prices

TCS bets on Prez-elect Trump to boost US client confidence, spending

The comments came after the leader of the $254 billion Indian IT sector reported a decline in North American revenue for the fifth-straight quarter

Russia has Arctic interests, says Kremlin on Trump remarks on Greenland

Trump has also floated the idea of turning Canada into a U.S. state and promised to change the name of the Gulf of Mexico to the Gulf of America