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Thermal coal imports plunge by 31% in Oct on slow power generation

Indian shipments of the fuel used mainly for power generation have been tracking the trajectory of growth in shipments by top importer China over the last year, shoring up international prices

SoftBank returns to quarterly profit with $7.7 bn gain, beats expectations

But while Vision Fund 1 has had a gross gain of $22.6 billion since inception this has been largely offset by Vision Fund 2's $21 billion loss

IMF holds key talks with Pakistan on $7bn bailout amid fiscal concerns

Sources in the finance ministry said the Nov 11-15 visit will discuss recent developments and program performance to date, adding the mission was not part of the first review

Hyundai Motor Q2 result: Profit drops 16.5% to Rs 1,338 cr on weak demand

The company's shares fell nearly 3 per cent before recovering to trade down about 1 per cent in late afternoon trading

Govt may relax quarterly spending limits to meet FY25 capex target

Analysts say the weaker spending is one of the reasons for a recent slowdown in India's high frequency economic indicators

India's thermal coal imports hit 15-month low amid lower power demand

Shipments into the world's second-largest coal importer plunged 31.8 per cent to 13.56 million metric tons

DBS Bank nominates Rajat Verma to be next India unit CEO, say sources

Rajat Verma was appointed DBS managing director and head of institutional banking for India last year

Republicans win majority in US House, paving way for Trump's plans

By contrast, during the past two years of divided government, Biden has had little success in passing legislation and Congress has struggled to perform its most basic function of providing the money

Baidu bolsters AI lineup with text-to-image generator, no-code app builder

These interactions include tasks such as generating text, answering questions, and assisting with various applications utilizing AI. Baidu's commercialization efforts have largely revolved around

Russian frigate with hypersonic missiles conducts drills in English Channel

This is the first long-distance voyage of the multipurpose frigate since it was accepted into the Russian Navy in December 2023, TASS state news agency reported. The ship left its main base in Russia

China's Singles' Day wraps up with ecomm firms reporting growth in shoppers

Expectations for sales growth for the festival, which is viewed as a gauge of consumer confidence, were subdued this year as confidence in the world's second-largest economy remains low in the wake

OpenAI, rivals seek new path to smarter AI to overcome delays, challenges

Ilya Sutskever, co-founder of AI labs Safe Superintelligence (SSI) and OpenAI, told Reuters recently that results from scaling up pre-training - the phase of training an AI model that uses a vast

Donald Trump expected to pick Senator Marco Rubio as secretary of state

The new administration will confront a world more volatile and dangerous than it was when Trump took office in 2017, with wars raging in Ukraine and the Middle East and China aligning itself more

Trump faces setback in South American trade as China gains ground in Peru

That's made Beijing the go-to trade partner from Brazil to Chile and Argentina, eroding Washington's regional political clout, a trend that widened under Trump's 'America First' inward turn during his

Bitcoin nears $90,000 as Trump's election victory fuels crypto market rally

he fact that bitcoin was trading near all-time highs when the election result came through meant that it had clean sky above." Trump embraced digital assets during his campaign, promising to make the

Asian stocks retreat as bitcoin hits record high on Trump euphoria

Investors anticipate Trump's second four-year term in office will bring equities-boosting tax cuts and looser regulations

Oil prices fell on Chinese stimulus disappointment, supply outlook

Brent crude futures settled at $71.83 a barrel, down $2.04 or 2.76 per cent . US West Texas Intermediate crude futures finished at $68.04 a barrel, down $2.34, or 3.32 per cent

KFC India operator Devyani's revenue jumps 49% on new store additions

Store count for Devyani, which runs KFC, Pizza Hut and Costa Coffee stores in India, rose to 1,557 restaurants in the country from 1,298 last year

Amazon developing driver eyeglasses to shave seconds off deliveries

If successful, the glasses would provide drivers with turn-by-turn navigation on a small embedded screen, along their routes and at each stop, according to the people

COP29: Work will continue despite Trump's return, says US climate envoy

Trump has promised to again remove the United States, the world's biggest historic greenhouse gas emitter, from international climate cooperation