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Flour mills struggle as wheat prices surge to record high: Report

Wheat stocks in state warehouses totalled 20.6 million tons at the start of December, slightly higher than the previous year's 19.2 million tons, but far below five-year average of 29.5 million

AI chatbots boost US holiday season online sales by 4% in 2024: Report

Shoppers used AI-based chatbot services 42 per cent more than a year ago, according to Salesforce, which analyzed data from 1.6 trillion page views on its platform

German inflation rises more than expected in Dec on higher food prices

The annual consumer price inflation rate rose to 2.9 per cent, higher than the 2.6 per cent forecast by analysts

Steel ministry proposes merger between state-run KIOCL, NMDC: Report

Mining company NMDC aims to export iron ore pellets from KIOCL post the merger

US Steel, Nippon move court against Biden blocking $14.9 billion deal

Second lawsuit is against Cleveland-Cliffs, its CEO Lourenco Goncalves, and USW union President David McCall "for their illegal and coordinated actions" aimed at preventing the deal

Taking steps to clear hurdles for US-India civil nuclear ties: NSA Sullivan

Washington and New Delhi have been discussing the supply of US nuclear reactors to energy-hungry India since the mid-2000s

India's space sector funding drops 55% in 2024 amid global downturn

The government has sought to stimulate the sector by approving a 10 billion rupee ($119 million) fund in October 2024 to support space startups and setting plans to expand India's share

ISPRL seeks private firms to build 2.5 mn tonnes petroleum reserve at Padur

In 2021, India overhauled its policy to allow part of SPRs to be used commercially, mirroring a model adopted by countries such as Japan and South Korea that allows private lessees, mostly oil majors

CCI raided Pernod's office over retailer collusion to promote whisky brand

The case was triggered by a 2022 complaint by Indian rival Radico Khaitan, which accused Pernod of colluding with retailers not to stock a Radico whisky brand

Euro zone economy ended 2024 in fragile state as activity contracted: PMI

Headline index was boosted by the bloc's dominant services sector, whose PMI bounced back above breakeven to 51.6 from November's 49.5, but was weighed down by a sharper decline in factory activity

Indonesia dishes out first free meals in programme targeting 83 mn people

Despite being centrepiece of an election campaign that catapulted Prabowo to power last year, scheme was rolled out with little fanfare, with no official launch and just 190 kitchens involved

Indian space industry's funding falls 55% to $59.1 mn in 2024, data shows

Globally, space companies raised about $28 billion over the last five years, while their Indian counterparts secured approximately $354 million in the same period, Tracxn data showed

Trina Solar sets world record for its technology's conversion efficieny

In laboratory tests, Trina's large surface area n-type fully passivated heterojunction (HJT) modules demonstrated an efficiency of 25.44 per cent

Rare win for Malaysia's ex-PM Najib as court grants appeal in detention bid

Malaysia's pardons board, at the time chaired by then King Al-Sultan Abdullah Ahmad Shah, agreed in February last year to halve Najib's jail sentence to six years from 12 and reduced fines imposed

Chinese cyberattacks on Taiwan govt averaged 2.4 mn a day in 2024: Report

Taiwan's Government Service Network, or GSN, received a daily average of 2.4 million attacks last year, double the daily average of 1.2 million in 2023

Titan estimates 24% rise in Q3 revenue on booming jewellery demand

Strong consumer traction during the festive season translated into high single-digit percentage buyer growth in the jewellery segment, said Titan

North Korea fires suspected ballistic missile as Blinken visits Seoul

South Korea's military said the missile was launched eastward at around noon (0300 GMT) shortly after Blinken met with South Korean Acting President Choi Sang-mok

After 2024's big corruption crackdown, China vows more probes, retribution

Last year, China was rocked by surge of corruption probes ensnaring individuals from a vice central bank governor to a former chairman of its biggest oil and gas company, adding to unease in economy

Vietnam's 2024 GDP growth accelerates to 7.09% driven by strong exports

GDP grew 7.55 per cent in the fourth quarter, the fastest quarterly growth in more than two years, the General Statistics Office said in a report

China service activity hits 7-month high but US fears dent hope: Caixin PMI

The growth pace was the fastest since May 2024, surpassing the 50-mark that separates expansion from contraction on a monthly basis