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GAIL India seeks two LNG cargoes for February delivery, says report

GAIL is seeking the cargoes for delivery during the month of February on a delivered ex-ship (DES) basis into the country's Dabhol terminal

Centre cuts windfall tax on crude, export taxes on aviation fuel and diesel

It cut its windfall tax on crude to Rs1,900 ($23.28) per tonne from Rs 2,100 per tonne, effective Tuesday

China's economic growth slumps to one of its worst in nearly 50 years

On a quarterly basis, GDP stalled, coming in at 0.0% in the fourth quarter, compared with growth of 3.9% in July-September

Indian, European oil firms evaluating bids for Guyana blocks: Report

Refiner Indian Oil Corp also is looking to work in Guyana in collaboration with ONGC Videsh

India to boost coal imports to cope with harsh weather, freight snags

India's record domestic output of coal has eased tight inventories at power plants, to an average 12 days' supply at the end of 2022

Gold prices expected to rise towards record highs above $2,000 an ounce

Higher rates lifted returns on bonds, making non-yielding gold less desirable for financial investors, pushed the dollar to its strongest in 20 yrs, making dollar-priced gold costlier for many buyers

Household wealth optimism collapses, finds Edelman Trust Barometer

The Edelman Trust Barometer found that economic pessimism was at its highest in some of the world's top economies such as the United States, Britain, Germany and Japan

Govt may offer low-cost credit to small retailers, ease rules: Officials

Neither of the officials provided details on how banks would be compensated for providing cheap loans

Hit by Ukraine war, inflation, global jobs growth will halve in 2023: ILO

Global employment growth is expected to slow down sharply to 1% this year compared to 2% in 2022, hit by the economic fallout of the war in Ukraine, inflation and tighter monetary policy, the ILO said

Fragmentation could cost global economy up to 7% of GDP: IMF report

The global flows of goods and capital had leveled off after the global financial crisis of 2008-2009, and a surge in trade restrictions seen in subsequent years

WEF 2023: ReNew Power explores green hydro project in India, Egypt

The firm, which now generates nearly 1.8% of India's total electricity annually, has a total capacity of 13 Gigawatts (GW) of wind and solar, including projects in the works

Air India is set to order around 500 planes: AirLease Corp's exec chairman

Industry sources say finalising the proposed deal depends on ongoing negotiations with engine makers

Insurers can classify green bond purchases as infra investments: Irdai

The investments in green bonds can qualify towards statutory liquidity ratio (SLR) - the minimum percentage of deposits commercial banks are required to invest in liquid assets, such as government bon

India hopeful rupee trade with Russia will pick up in future: Govt official

Russia, Sri Lanka, Mauritius and Bangladesh are some of the countries that are keen on rupee trade with India

Dollar steadies after hitting 7-month low against major peers; yen in focus

The Fed's aggressive rate increases were a main driver of the dollar index's 8% surge last year

Google-backed ShareChat lays off 20% workforce; 500 people to be impacted

Indian startups raised $24 billion last year, a third lesser than in 2021, according to Venture Intelligence

D-Mart hits six-month low as Q3 margins drop to 8.34% due to weak demand

It said the decline mainly reflected a change in product mix and weaker-than-expected discretionary non-FMCG sales

Rupee outlook positive, central bank eyed; bond yields likely to rise

Government bond yields are expected to tick up as investors shift focus to the upcoming budget

Yen tests seven-month high ahead of BOJ policy decision; dollar wobbles

With the BOJ due to announce its monetary policy decision on Wednesday, expectations are for further tweaks to its yield control policy or a full abandonment of it

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