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Govt may earmark Rs 4 trillion for next year's food, fertiliser subsidies

Food and fertiliser subsidies account for about one-ninth of India's total budget spending of Rs 45 trillion during the current fiscal year that ends on March 31

Adani Group raises stake in IANS, subscribes to fresh shares worth Rs 5 cr

IANS has an authorised share capital of Rs 11 crore, and a revenue of Rs 11.86 crore in FY23

Wipro optimistic about next fiscal owing to AI to reduce operating costs

'Most client conversations are about cost-saving efforts and there is a conversation every time about AI,' Suzanne Dann said in an interview at the World Economic Forum in Davos, Switzerland

India eyes $100 bn annual FDI in coming years: IT minister Vaishnaw

Foreign investors have bet big on India since Modi came to power in 2014, with the likes of Apple, Samsung, Kia, and Airbus expanding operations

US homebuilder confidence spiked most in January since February 2023

The National Association of Homebuilders/Wells Fargo index of builder confidence rose this month to 44, the highest since September, from an unrevised 37 in December

Confiscating $300 bn of Russian assets no panacea, West cautions in Davos

The lion's share of the assets - essentially securities in which the Russian Central Bank had invested - are frozen in Euroclear, a depository based in Brussels

US import prices unchanged in December after two straight monthly decreases

Since March 2022, the Fed has raised its policy rate by 525 basis points to the current 5.25%-5.50% range

Tata Motors urges India to keep hybrid tax as Toyota seeks cut -sources

The lobbying is the latest by Tata aimed at protecting its dominant EV market share. Tata is also pushing back against Tesla's attempts to secure lower levies for imported EVs, Reuters has reported

India rejects iron ore miner NMDC's proposal for China exports -sources

China accounts for around 80% of India's overall iron ore shipments. India primarily exports low-grade iron ore - with iron content below 58% and most of India's shipments go to China

LTIMindtree Q3 results: Profit rises 16.8% to Rs 1,169 cr, misses estimates

Consolidated net profit of India's sixth-largest IT company rose 16.8% to 11.69 billion rupees ($140.63 million) for the three months ended Dec. 31, 2023

Jindal Power offers Rs 4,203 crore for distressed coal-fired power plant

Adani Power had last month quoted 41 billion rupees ($493.38 million) for the 1,980-megawatt power plant in central India ensnared in insolvency proceedings

Sugar output declines by 7% to 14.87 MT during Oct 1-Jan 15: Industry body

Maharashtra's sugar production fell to 5.1 million tons from 6.09 million tons, while Karnataka's production dropped 12.7% to 3.1 mn tons, the National Federation of Cooperative Sugar Factories said

Fund flows in IT stocks set to rise on positive earnings surprise: Report

Shares of India's IT companies, which earn a significant share of their revenue from the U.S., surged 16.13% in the final two months of 2023, exceeding the benchmark Nifty 50's 13.9% gain

Asian Paints Q3 results: Net profit up 35% to Rs 1,448 cr on strong sales

Consolidated net profit rose about 35% to 14.48 billion rupees ($174.15 million) in the quarter ended Dec. 31, it said in a filing

Govt cancels foreign funding license of Centre for Policy Research

CPR, a not-for-profit organisation which conducts research on a range of policy issues in India, said it was in "complete compliance" with the law and will seek remedy in every way possible

Will keep diversifying crude oil supply, accelerate energy transition: Puri

Puri said that while OPEC+ nations have a right to decide on their energy production, supply cuts against such uncertainty, and resulting adverse impact on global prices, will dent long term demand

Oil falls as China's recovery misses expectations, dollar strengthens

China's economy in the fourth quarter expanded by 5.2% year on year, missing analysts expectations and calling into question forecasts that see Chinese demand fuelling 2024 global oil growth

UK inflation rate rises to 4% in December for first time in 10 month

Wednesday's figures showed that core inflation - which excludes volatile food, energy, alcohol and tobacco prices - was 5.1% in December, the same rate as November

Airlines, plane makers set to unveil new orders at Indian aviation event

The activity comes despite the financial struggles of two budget carriers GoFirst and SpiceJet, in the wake of the collapse of two other Indian airlines since 2011

China's cyberspace body reviewing Shein's data handling practices: Reports

The government is also interested in the type of Chinese data that the company will disclose to regulators in the U.S. as Shein seeks a listing there, the newspaper reported