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Interim Budget to cut fiscal deficit in election year, focus on capex: Poll

The government is aiming to narrow the fiscal deficit to 4.50% of GDP by the end of the 2025-26 fiscal year (FY) from 5.90% in the current year to end-March 2024

Oil drops slightly on China demand concerns but records weekly gain

Brent futures settled 54 cents lower at $78.56 a barrel. U.S. West Texas Intermediate crude fell 67 cents to settle at $73.41

Market regulator Sebi probing three IPOs for inflating subscriptions

MUMBAI (Reuters) -India's market regulator is investigating three initial public offerings (IPOs) for allegedly inflating the number of subscriptions received

China orders indebted local govts to halt some infrastructure projects

Beijing has been tightening curbs on debt in recent months to defuse risks to the world's second-largest economy and its financial stability

Israeli tanks renew push towards biggest hospital still working in Gaza

People inside Khan Younis' Nasser Hospital, forced to house displaced Gazans as well as patients, reported hearing shellfire from tanks advancing into the west of the city

Business leaders leave Davos to game out 2024 geopolitical scenarios

Many CEOs and executives told Reuters they foresee an upbeat U.S. economy in 2024, but are concerned about China and Europe, and the impact of unexpected global shocks on inflation

Boeing sees no delays to plane deliveries to India because of MAX 9 issues

Boeing earlier this week named Kirkland Donald to advise the planemaker's CEO on improving quality control after the incident

USFDA finds new manufacturing lapses at pharma co Eli Lilly's plant: Report

Lilly said in a statement to Reuters that the inspection followed a company request to the FDA to make a change to its manufacture of migraine treatment Emgality

Tata Steel to close UK blast furnaces; up to 2,800 jobs may be affected

Tata said it would offer a 130 million pound support package to help affected employees retrain and find new jobs

Regret Argentina's move not to join Brics, hope it reconsiders: Kremlin

Argentina's incoming Foreign Minister Diana Mondino said in November that his country would not join the Brics grouping of developing nations despite being invited to do so

Ford reduces production of F-150 Lightning pickup truck as EV demand slows

The announcement is the latest sign of softening demand for EV trucks. General Motors in October postponed the opening of a $4 billion electric truck plant in Michigan for a year

Non-Aligned Movement leaders denounce Israel's military campaign in Gaza

Israel launched its offensive in Gaza after the Islamist militant group Hamas' Oct. 7 attack in which Israeli officials say more than 1,200 Israelis and foreigners were killed and 240 taken hostage

Reliance Industries Q3 results: Profit rises 9.3% to Rs 17,265 crore

The Mukesh Ambani-led conglomerate said its consolidated revenue from operations rose 3.6% to Rs 2.28 trillion

Citigroup lays off more bosses as CEO addresses managing directors: Report

The bank last week said it would cut 20,000 jobs over the next two years, after a fourth quarter marred by one-off charges that resulted in a $1.8 billion loss

Online furniture retailer Wayfair to cut 1,650 jobs to trim costs

The company has been taking cost-savings initiatives since August 2022, in a bid to operate more efficiently. Last year, it said it would cut 1,750 jobs, or about 10% of its workforce

Ashwini Vaishnaw sees case for duty cuts on mobile phone parts: Report

'We have to move from import substitution to export-led growth, that is the transition we need to make. That requires a totally different mindset and a totally different structure,' Vaishnaw said

Paytm's Q3 revenue rises 38% on strong payments business, loan growth

Operating profit, which the company defines as core profit before cost of employee stock-options, was at Rs 219 crore for the quarter ended Dec 31

Swiss group ABB's China operations under investigation by US Congress

The committees wanted to probe potential "cybersecurity risks, foreign intelligence threats, and supply chain vulnerabilities at seaports in the United States,'

SLB kicks off oilfield services earnings with fourth-quarter profit beat

The company, formerly called Schlumberger, reported net income, excluding charges and credits, of 86 cents per share, for the three months ended Dec 31

Reliance Jio Q3 results: Net profit rises 12.3% to Rs 5,208 crore

Revenue from operations climbed 10.3%, snapping five straight quarters of slowing growth