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GST Council likely to consider lowering tax on online food delivery fees

The potential tax cut, which could take effect from Jan. 1, 2022, would not allow food delivery platforms such as Zomato and Swiggy to claim tax credits

Lenders Berkshire Hills Bancorp, Brookline to merge in $1.1 bn deal

Both Berkshire and Brookline are headquartered in Boston, Massachusetts and each hold around $12 billion in assets. The deal is set to create a $24 billion bank with a geographic footprint across five

SoftBank CEO announces $100 bn US investment in meeting with Trump

Son will also promise in a joint announcement with Trump to create 100,000 jobs focused on artificial intelligence (AI) and related infrastructure

Dollar hovers near 3-week high before Fed meet, bitcoin tops $106,000

Bitcoin soared above $106,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve

Men signing up for military voluntarily turning the tide of war: Putin

He said roughly 430,000 Russians had signed army contracts this year, up from roughly 300,000 the year before, a factor he said had huge importance for Russia's war effort

Insurers flock to catastrophe-hit US property market amid rising risks

Recent large US hurricanes Helene and Milton have added to concern about property losses. However, the increasing regularity of extreme weather events has stoked the market for more expensive excess

China to optimise use of special bonds for economic recovery next year

China has said local governments will be allowed to use special bonds to purchase unused land and support the purchase of existing commercial housing for use as affordable housing

Oil prices decline as weaker Chinese retail sales pressure demand

The Fed is expected to cut interest rates by a quarter of a percentage point at its Dec. 17-18 meeting, which will also provide an updated look at how much further Fed officials think they will reduce

Hurt by weak yuan, rise in US bond yields, Rupee logs record closing low

A decline in the yuan and elevated US bond yields had weighed on the rupee through the session and the currency declined further after the trade data was released

Tata faces pressure in Starbucks venture as Indian consumers cut back

However, Tata Consumer's CEO still expects its bet on coffee to pay off in the longer run as the country's coffee culture grows and cafe density is still low compared with other Asian countries such

India's merchandise trade deficit widens to $37.8 billion in November

Economists had expected the country's November trade deficit to be $23.9 billion

China's Instagram-like Xiaohongshu making inroads with e-commerce sales

Xiaohongshu, sometimes compared to Instagram, has long been one of China's most important marketing tools

We must win back market share, rethink strategy: Mercedes-Benz labour chief

Mercedes-Benz Cars sold 1.46 million cars in the first nine months of this year, down 4.3% from the same period of 2023

US' case against Gautam Adani strong but extradition unlikely: Experts

Adani, his nephew Sagar Adani, and another Adani Group executive were charged with securities fraud and conspiracy

Economy ends 2024 strong as business growth reaches 4-month high, shows PMI

Asia's third-largest economy grew a softer 5.4 per cent last quarter, but easing inflation is expected to spur demand among private sector firms

Domestic, global headwinds challenge RBI's forex intervention efforts

India's forex reserves are at a five-month low after the RBI sold $38 billion, per IDFC FIRST Bank's estimate, between October and the first week of December

China's industrial output rises, weak consumption pressures economy

China's industrial output grew 5.4 per cent in November year-on-year, up from the 5.3 per cent pace seen in October

Asian stock markets wary of Fed rate future, China data disappoints

China's blue chip index eased 0.2 per cent, having dropped more than 2 per cent last Friday

UK property asking prices fall, headwinds remain for 2025, says Rightmove

Compared with a year earlier, asking prices were 1.4 per cent higher

Bitcoin surges to record high above $106,000 on strategic reserve hopes

Bitcoin, the world's biggest and best known cryptocurrency, hit a high of $106,533 and last traded at $105,688