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Tata Motors plans to demerge business into two separate companies

'The demerger is a logical progression of the subsidiarisation of PV and EV businesses done earlier in 2022 and shall further empower the respective businesses,' Tata Motors said in a statement

Palm oil dips on stronger ringgit, prospects of lower India purchases

Lower purchases of palm oil by India could keep inventories elevated in top producers Indonesia and Malaysia and weigh on benchmark futures

'RBI likely to take delivery of maturing $5 bn FX swap next week'

Taking delivery of the FX swap would infuse around 400 billion rupees but cash outflows towards direct taxes are expected to ensure a sustained deficit in the system

Bitcoin rallies to two-year high above $65,000, record high comes into view

The largest cryptocurrency by market value has gained 50% this year and most of the rise come in the last few weeks where inflows into U.S.-listed bitcoin funds have surged

Russia says to deepen crude oil output cuts while easing export limits

An industry source said that Russia is being forced to reduce production by the new sanctions, adding: 'There is no need to produce more than Russia can sell'

OPEC+ member countries agree to extend voluntary cuts to Q2: Report

OPEC+ in November agreed to voluntary cuts totalling about 2.2 million barrels per day (bpd) for the first quarter, led by Saudi Arabia rolling over its own voluntary cut

Delhi Chalo protest: Farmers plan to march to Delhi on Wednesday

Farm union leaders are seeking guarantees of state support or a minimum purchase price for farmers' produce

UK's Jeremy Hunt plays down talk of big tax cuts in pre-election budget

'We don't have as much of a positive outlook as we had at the end of the Autumn Statement,' he said in an interview, referring to last November's fiscal update

Gaza ceasefire talks to resume in Cairo on Sunday: Egyptian security

Biden said on Friday he hoped there would be a ceasefire deal between Israel and the Palestinian militant group Hamas by the time of the Muslim fasting month of Ramadan, which starts on March 10

WTO fails on major reforms, extends digital tariff ban in Abu Dhabi meeting

On the 5th day of the ministerial meeting, most ministers had already gone home, although India's trade minister Piyush Goyal and European Trade Commissioner Valdis Dombrovskis remained until the end

US Gulf Coast fuel oil imports hit five-year low as domestic supplies soar

U.S. refineries have been running more heavy Canadian crude because of its ample supply, with Gulf Coast refiners ramping up their intake by around 10% on the year, according to data

Elon Musk sues OpenAI, chief executive Sam Altman for abandoning mission

Musk co-founded OpenAI in 2015, but stepped down from its board in 2018. He also runs electric vehicle maker Tesla and rocket maker SpaceX and bought Twitter for $44 billion in October 2022

Race for new Pakistan finance minister heats up ahead of IMF negotiations

Former four-time finance minister Ishaq Dar remains the top contender, according to two sources in his Pakistan Muslim League-Nawaz (PML-N) party

Naukri to 99acres: Google starts removing Indian apps as fees row escalates

Indian startups have for years been protesting against many of the US giant's practices, including its in-app fee charges

India's Q3 GDP growth boosted by sharp fall in key subsidies: Report

Government data showed fertiliser subsidies in the October-December quarter declined by nearly 70% to 307 billion rupees ($3.7 billion) from the same period a year ago

National Highways Infra to debut private bond placement by April: Report

The company is a wholly-owned subsidiary of National Highways Authority of India and manages toll road projects

Google removes some India matrimony apps, execs calls move 'dark day'

The dispute centres on efforts by some Indian startups to stop Google from imposing a fee of 11% to 26% on in-app payments

Google to act against 10 Indian developers for not paying service fee

'10 companies, including many well-established ones, have chosen to not pay for the immense value they receive on Google Play,' Google said in a blog post

RBI's new rule on exchange-traded rupee derivatives confuses brokers

Reserve Bank of India (RBI) in a Jan. 5 circular said that stock exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure"

WTO issues new draft deals post all-night talks, some issues unresolved

A draft agriculture deal showed that a key reform sought by India on permitted government support levels for farmers was still not agreed, with two alternative solutions sitting side by side