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Rupee declines on FPI outflows, avoids record low on RBI intervention

The rupee closed at 84.4850 against the U.S. dollar, down from its close of 84.4525 in the previous session

Indian banks reviewing exposure to Adani Group after US indictment

SBI has the largest exposure to the Adani Group among Indian banks, with sanctioned loans of Rs 33,800 crore ($4 billion)

From airports to cooking oil, a look at the diverse businesses of Adani

The renewable energy arm of the ports-to-power conglomerate is Adani Green Energy, which is at the center of the US indictment. It focuses on solar, wind and hybrid power generation and has a presence

Adani wipeout hurts but won't derail foreign investor faith in India

US allegations, denied by the company, are that Gautam Adani's colossal ports-to-energy conglomerate paid bribes to secure power sales and made misleading disclosures

Russia's labour shortage spreads as defence sector cuts down staff

Heavy recruitment by the armed forces and defence industries has drawn workers away from civilian enterprises, as has emigration, pushing unemployment to a record low of 2.3 per cent

Rupee flat amid month-end dollar bids and likely RBI intervention

Dollar bids from foreign banks and importers weighed on the rupee, a trader at a private bank said. Other Asian currencies were mixed, while the dollar index trimmed losses after falling 0.7%

Nissan Oct production down globally except Mexico amid Trump tariff threat

Nissan's worldwide output for October decreased 6 per cent from the same month a year earlier to 290,848 vehicles

Russia's plane shortage hinders air travel as wartime wages boost demand

Rostec, whose subsidiary United Aircraft Corporation controls almost all of Russia's major aircraft producers, appears still far from making that dream a reality

China's state media praises some US firms amid fears of new trade war

The China Daily also noted that Morgan Stanley received regulatory approval in March to expand its China operations, citing this as evidence of foreign financial firms' enthusiasm for investing

Toyota's global output falls for ninth month in October, production dips

In Japan, which accounts for about a third of Toyota's worldwide output, production climbed 8%, bouncing back from weak numbers a year ago when an accident at a supplier's facility led to a partial

UK house prices slightly more affordable in 2024, reports Halifax

The Bank of England raised interest rates to a 15-year high of 5.25 per cent in August 2023 and started to cut them in August this year followed by a further reduction to 4.75 per cent this month

BlackRock agrees to buy private credit group HPS Investment Partners

BlackRock, the world's largest asset manager overseeing more than $10 trillion, is seeking to capitalize on a boom in investor demand for alternative assets, ranging from private equity to infra

Adani bribery allegations highlight India's renewable energy struggles

SECI's chairman told Reuters last month that a three-fold increase in tendering of renewable projects has left 30 GW of projects for which bidding is complete, but without buyers

Biden prepares $725 million arms package for Ukraine, says US officials

Although more than 160 countries have signed a treaty banning their use, Kyiv has been asking for them since Russia launched its full-scale invasion in early 2022 and Russian forces have used them on

AstraZeneca asthma drug more effective than steroids during attacks: Study

The researchers found that Fasenra can be more effective than the oral corticosteroid prednisolone when injected during an attack, also called an exacerbation, which can involve symptoms such

UK services sector sentiment drops at fastest rate in two years, says CBI

The index represents the difference between the percentages of businesses which say they are more optimistic and those who are more pessimistic

RBI to delay cutting rates to early 2025 amid inflation concerns: Poll

Twenty-one of 48 common contributors who provided rate forecasts last month and this month pushed their expectation for the first rate cut from December to February or later

Mexico warns Trump tariffs may kill 400,000 US jobs, threatens retaliation

Mexican President Sheinbaum and US President-elect Trump spoke by phone later on Wednesday, with the two discussing topics at the top of Trump's agenda

Tanzania to keep pact with Adani for container terminal, says official

Adani Ports also struck a share purchase agreement for a 95 per cent stake in state-owned Tanzania International Container Terminal Services for $95 million

Gold prices rebound as dollar weakens ahead of key US inflation data

Gold registered its deepest one-day decline in more than five months on Monday, and hit its lowest since Nov. 18 in the previous session, as safe-haven demand for the metal softened