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Govt reviews $30 billion sulphur-cutting programme for coal plants

Instead of FGDs, government officials have proposed deploying locally made electrostatic precipitators that remove fine particles such as dust and smoke from emissions

Govt's push for home-grown satellite constellation gets 30 aspirants

The regulator had sought "expressions of interest" (EoI) in July to build home-grown satellite constellations as part of a broader strategy to monetize the sector and ensure data sovereignty

State refiners may buy Middle East spot oil to replace Russian shortfall

The refiners fear continued problems in securing Russian oil in the spot market could continue in coming months

Starbucks strike to expand to 300 stores on Christmas Eve, says union

Starbucks Workers United, representing employees at 525 stores nationwide, said more than 60 US stores across 12 major cities, including New York, Los Angeles, Boston and Seattle, were shut on Monday

China plans record $411 billion special treasury bond issuance next year

The proceeds will be targeted at boosting consumption via subsidy programmes, equipment upgrades by businesses and funding investments in innovation-driven advanced sectors

China to hike pensions, med insurance subsidies to spur consumption in 2025

The country will boost the basic pension for retirees and for urban and rural residents and raise financial subsidy standards for urban and rural residents' medical insurance

Apple approaches $4 trillion valuation as investors bet on AI momentum

The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone, thanks to an about 16% jump in shares since early November that has added about $500 billion to its market

Microsoft works to add non-OpenAI models into 365 Copilot products

It is the latest effort by Microsoft, which is a major backer of OpenAI, to lessen its dependence on the AI startup - a departure from recent years when Microsoft touted its early access

Nippon Steel's US Steel bid referred to President Biden for final decision

The Committee on Foreign Investment in the United States (CFIUS), which reviews foreign investments in the US for national security risks

Sudan halts participation in hunger-monitor system on eve of famine report

In a letter dated Dec. 23, the government's agriculture minister said the government is halting its participation in the Integrated Food Security Phase Classification (IPC) system

Rupert Murdoch's News Corp to sell Foxtel to Britain's DAZN for $2.1 bn

News Corp will gain a board seat and hold a 6 per cent stake in DAZN, a London-headquartered streaming platform

Google's proposed search result changes get thumbs up from EU airlines

Google has announced a series of changes in search result formats in recent months following conflicting demands from price-comparison sites, hotels, airlines and small retailers

USFDA restricts imports of certain Viatris drugs made at India facility

The FDA has issued a warning letter to Viatris related to its drug manufacturing facility in Indore in the central Indian state of Madhya Pradesh

Inflation, tariffs & conflicts: Risks stack up for global economy in 2025

In richer economies, governments need to work out how to counter the conviction of many voters that their purchasing power, living standards and future prospects are in decline

EV maker Greaves Electric Mobility files IPO papers to raise Rs 1,000 cr

Greaves Electric plans to invest the IPO proceeds into product research and development and build battery assembly capabilities, with a smaller portion earmarked to boost manufacturing capacity

Elon Musk owned X increases price of premium-plus plan to pay creators

X offers premium-plus subscribers ad-free browsing and features such as expanded access to the Grok AI chatbot and Radar, which offers real-time analytics on emerging trends through keyword tracking

Hyatt in exclusive talks with Playa Hotels on options, including buyout

Playa, which runs 24 high-end, all-inclusive resorts across Mexico, said its board has been evaluating opportunities and has engaged with a number of potential counterparties

Qatar to stop EU gas sales if fined under due diligence law: Report

Qatar's revenues in 2023 were 188.5 billion Qatari riyals ($51.64 bln), and 5 per cent of this is $2.5 bn

Sugar production to hit by weather, export prospects dwindle: Isma

The production could fall to around 27 million metric tons from the last year's 32 million tons and below annual consumption of more than 29 million tons, said India head of a global trade house

Gold steadies in thin trade as investors assess Fed policy outlook

The Fed cut rates by 25 basis points on Dec. 18, although the central bank's predictions of fewer rate cuts in 2025 resulted in a decline in gold prices to their lowest level since Nov. 18 last week