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Putin asks Russian govt, top bank to develop AI cooperation with China

Putin's instructions were published on the Kremlin's website on Wednesday, three weeks after he announced that Russia would team up with Brics partners and other countries to develop AI

Heavy supply schedule nudges govt bond yields higher as 2025 kicks off

The 10-year bond yield was at 6.7742 per cent as of 10:10 a.m. IST on Wednesday, compared with its previous close of 6.7597 per cent

Automakers' stocks drive share market higher in first session of 2025

Shares of Maruti Suzuki, which sells most cars in India, climbed 3.2 per cent after the company said sales to dealers rose about 30 per cent in December

Mahindra logs 18% jump in Dec car sales to dealers on strong SUV demand

Mahindra, India's second-biggest SUV maker by market share, has remained resilient amid a broader slowdown in car sales

Citigroup, BofA join US lenders in exiting Net-Zero Banking Alliance

They follow Wells Fargo and Goldman Sachs, which both left the alliance earlier this month

Bank loan growth slows for fifth month in Nov amid stricter lending rules

Banks' credit increased by 11.8 per cent year-on-year last month, slower than the 16.5 per cent rise in November 2023

Rupee tipped to weaken gradually amid dollar strength as 2025 kicks off

The local unit dipped to its sixth consecutive record closing low on Tuesday, pressured by a decline in its regional peers

Gold set for best year since 2010 amid rate cuts, safe haven demand

Spot gold rose 0.1 per cent to $2,607.72 per ounce as of 1315 GMT, while US gold futures gained 0.1 per cent to $2,620.40

Maersk asks customers to remove cargo as workers' strike at US ports looms

According to an advisory on Maersk's website, the conditional agreement on wages is set to expire on Jan. 15. If no agreement is reached by that date, a coast-wide strike on Jan 16 is possible

Europe's Russian gas era comes to an end as Ukraine transit stops

Russia's oldest gas export route to Europe - a pipeline dating back to Soviet days - was set to shut at the end of 2024, as a five-year transit deal between Russia and Ukraine expires

Oil prices set for second annual loss in a row, stable day on day

Brent crude futures rose by 42 cents, or 0.6 per cent, to $74.41 a barrel as of 1430 GMT. US West Texas Intermediate crude gained 38 cents, or 0.5 per cent, to $71.37 a barrel

NPCI delays UPI payments market share cap in relief for PhonePe, Google Pay

The mandate, which was to take effect from the end of 2024, will now kick in at the end of December 2026

April-Nov fiscal deficit at 52.5% of full-year target, shows govt data

Total government expenditure for the eight months was 27.41 trillion rupees, or about 57% of the annual goal. The government spent 26.52 trillion rupees in the same period last year

Sensex, Nifty lag global peers in 2024 amid weak corporate earnings outlook

The Nifty 50 and Sensex rose 8.8 per cent and 8.2 per cent, respectively, this year, logging their ninth straight year of gains, mostly on support from domestic institutional investors

Drugmaker Anthem Biosciences files draft papers for $397 million IPO

The Indian IPO market has been bustling this year, with over 300 companies having raised $17.5 billion as of mid-December, more than double the amount raised last year

China defends Covid-19 data-sharing as WHO seeks more information access

China is also the only country that organised experts to share traceability progress with the WHO on many occasions, Mao Ning, spokesperson at the foreign ministry said

Indian banks' gross bad loan ratio may edge up by March 2026: RBI report

The bad loan ratio could rise to 5 per cent and 5.3 per cent under two separate high-risk scenarios

South Korea's acting president Sang-mok calls for national harmony, unity

Republic of Korea is in an unprecedentedly serious situation, Choi said in a written statement, citing changes around global trade, diplomacy and security, as well as domestic political uncertainty

Beijing to boost driverless vehicle use, regulations to kick in from Apr 1

In a separate notice published on Monday, the central Chinese city of Wuhan also said it had approved regulations to promote the development of intelligent connected vehicles

Asian stocks, dollar hold on 'cautious trade' to close out strong 2024

Volumes were light with holiday for New Year looming and Japan on holiday for the rest of the week, with the Santa-rally losing some steam as elevated Treasury yields weigh on high equity valuations