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Navy rescues crew after Houthis attack vessel near coast of Yemen

The Houthis say they are acting in solidarity with Palestinians and have threatened to target U.S. ships in response to American and British strikes on the group's positions

IEA raises 2024 oil demand forecast again, this time by 180,000 bpd

IEA predicts that global oil consumption will rise by 1.24 million barrels per day (bpd) in 2024, compared with OPEC's 2.25 million bpd projection

Polycab India Q3 profit rises 15.4% on healthy cables, wires demand

Consolidated net profit rose to 4.13 billion rupees ($49.7 million) in the three months ended Dec. 31 from 3.58 billion rupees a year earlier

Reddit to launch IPO, first social media offering since Pinterest, in March

It would be first IPO of a major social media company since Pinterest's debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from likes of TikTok & FB

Bayer AG to hold off breakup plans despite investor pressure: Report

CEO Bill Anderson, at the helm since June last year, said in November he is weighing options to break apart the diversified company in a staggered fashion but would not rule out keeping all businesses

Tougher EU money laundering rules target crypto, luxury vehicle dealers

"It is a good day for EU citizens and businesses, but bad day for oligarchs and terrorists," said Eero Heinaluoma, one of lawmakers who took part

Tata Technologies to invest $1.8 bn in Telangana to set up skilling centres

The investment from the unit of Tata Motors is the second commitment to the Telangana government in two days after the Adani Group announced a $1.49 billion investment on Wednesday

India must sustain growth momentum, secure at least 7% growth in FY25: RBI

"In India, potential output is picking up with actual output running above it, although the gap is moderate," the RBI said in an article titled 'State of the Economy'

Indian banks seek looser liquidity conditions going ahead: Traders

Banks made these suggestions to industry body Fixed Income Money Market and Derivatives Association of India (FIMMDA) on Wednesday

Thousands of Indian workers queue up for jobs in Israel, undeterred by war

"There is unemployment here and its because of it that people want to leave," said Lekharam, a mason who was among the workers gathered at a recruitment camp in Rohtak, 66 km (40 miles) from Delhi

Waning supplies prop up India rates to 4-month peak, Thai prices rise

Supplies have also dropped, which also contributed to price increases. Traders said new supply is expected to enter the market around next month

Tata Communications posts fastest quarterly revenue growth in 9 years

Revenue rose 24.4% to Rs 5,633 crore for the quarter ended Dec. 31, according to an exchange filing

BMW collaborates with humanoid startup Figure to take on Tesla's robot

"We have designed the robot to be safe next to humans. Working with BMW on automation in a manufacturing facility is a huge validator for us in the space," Adcock said

IndusInd Bank Q3 results: Net profit rises 17.3% to Rs 2,298 crore

IndusInd's loan disbursements grew 20% year-on-year, while deposits rose 13%

Ethiopia opens up to foreign investment firms ahead of markets launch

The justice ministry authorised the capital markets regulator this week to go ahead with issuing the licences, said Brook Taye, Director General of the Ethiopian Capital Market Authority

Weak earnings, fading US interest rate cut hopes drag Indian stock market

The blue-chip NSE Nifty 50 shed 0.51% to 21,462.25, while the S&P BSE Sensex lost 0.44% to 71,186.86

China expands imports, planting approvals of additional gene-modified crops

The agriculture ministry approved the domestic production of six more varieties of genetically modified corn, two of soybeans and one of cotton, and another two of gene-edited soybeans

Haldiram's seeks to buy Indian chips maker Prataap Snacks: Report

The talks are at an early stage and a valuation has not been discussed, though it could be at a premium to Prataap's stock price

Rupee ends flat, wedged between Asia FX bump, foreign banks' dollar buys

The rupee closed at 83.1225 against the U.S. dollar, barely changed from its close at 83.1375 in the previous session

Govt yet to decide on lower import taxes on EVs as local cos resist Tesla

India's domestic automakers are concerned about the possibility of Tesla entering the market - and government plans to give incentives to Tesla and other global carmakers