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Blackstone to raise at least $10 bn in Asia PE fund, focus on India: Report

The new buyout fund, Blackstone's third in Asia, will primarily focus on India with the largest percentage of capital allocated there

US office market segment shows signs of bottoming after big discount sales

The US office property market has been hard hit since the pandemic by higher interest rates and as many office workers worked from home

OpenAI secures $4 bn revolving credit line after big funding round

The borrowing facility will boost its liquidity to $10 billion, OpenAI said, allowing the startup to buy costly computing capacity, including Nvidia chips

Swiggy gets shareholder nod to use provision to upsize IPO fresh issue

Swiggy's original IPO size eked out NTPC Green Energy's $1.2 billion public offering filing to be the largest in the country this year

Israel extends evacuation warnings in Lebanon, strikes Beirut's suburb

At least eight Israeli soldiers have been killed in clashes with Hezbollah in southern Lebanon, where Israel announced the start of what it says is a limited ground incursion earlier this week

EU members to vote on proposal to impose tariffs on China made EVs

The Commission last revised the tariff rates in September, imposing levels from 7.8 per cent for Tesla to 35.3 per cent for SAIC

BOJ policymaker calls for slow, cautious movement on interest rate hikes

The comments from Bank of Japan board member Asahi Noguchi come a day after Japan's new prime minister, Shigeru Ishiba, said the economy was not ready for further rate hikes

RBI likely to continue using forex reserve to reduce volatility: Report

While most Asian currencies posted gains against the greenback following the Federal Reserve's larger-than-expected 50 basis point rate cut last month, the rupee has traded largely flat

Tesla to recall over 27,000 cybertrucks in US over rear-view image delay

The recall covers more than 27,000 Cybertrucks, Tesla said in a report filed with the US National Highway Traffic Safety Administration

Oil prices rise as West Asia tension overshadows strong supply outlook

Israel bombed Beirut early on Thursday, killing at least six people, after its forces suffered their deadliest day on the Lebanese front in a year of clashes with Iran-backed Hezbollah

India's Sept palm oil imports hit 6-month low on price rise, say dealers

The drop in imports of palm oil, soyoil and sunflower oil brought down the country's total edible oil imports by 31 per cent to 1.06 million tons, as per dealers' estimates

Airlines suspend flights in region amidst rising Middle East tensions

Airlines said they would avoid Iranian, Iraqi and Jordanian airspace amid rise in escalation

China firms plan up to $15 bn in overseas bond issues in Q4, say bankers

Ratings agency Fitch said in a report this week that China's move to loosen the country's credit conditions was at a faster pace than it had anticipated

RBI's new MPC members may have at least 1 favouring a rate cut: Economists

India's government on Tuesday appointed Ram Singh, Saugata Bhattacharya and Nagesh Kumar as new external members

BSE to keep weekly options tied to Sensex despite new derivative rules

The new rules followed a spurt in retail investors trading options, which the regulator and the government viewed as a risk to household finances

China's CO2 emissions may fall by a third by 2035 with new UN targets

With China on course to meet its 2030 climate goals with relative ease, it could now capitalise on its renewable energy advantages

Thousands in North Carolina without water days after Helene's destruction

The powerful storm inundated the western part of the state with catastrophic flooding, destroying pipes, damaging water plants and cutting off power

US SEC appeals decision that restricted its ability to regulate crypto mkts

The decision by US District Judge Analisa Torres meant the sales of the token, totaling about $757 million, were not subject to investor protection laws

Levi Strauss considers possible sale of Dockers brand, shares drop by 10%

Levi is in the midst of a turnaround strategy to operate mainly by offering tighter assortment that focuses on core denim clothing

Eli Lilly's blockbuster weight-loss drug no longer in shortage in US: USFDA

The shortage of all doses of the drug, tirzepatide, sold as Mounjaro for diabetes and Zepbound for weight management has been resolved