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Walmart turns to India from China for cheaper imports as it cut costs

Only 60% of its shipments came from China during the same period, down from 80% in 2018, the same data shows. To be sure, China is still Walmart's biggest country for importing goods

Foot Locker set for entry in India, signs deal with Metro Brands, Nykaa

"These agreements will enable Foot Locker to efficiently access the large and growing sneaker market in India," Nykaa said

Centre aims to add coal-fired power capacity amid record demand: Report

The expansion drive comes ahead of this week's U.N. climate summit COP28, where France and the United States are expected to clamp down on financing for coal plants

US military Osprey aircraft crashes in western Japan with eight onboard

The deployment of the Osprey in Japan has been controversial, with critics saying the hybrid aircraft is prone to accidents. The U.S. military and Japan say it is safe

India's April-Oct steel imports from China at four-year high

China, the world's top steel producer, exported mostly cold-rolled coil or sheets to India, followed by hot-rolled coil products, plates, and pipes, among others

Renewables lender IREDA hits over $1.8 bn valuation in trading debut

Shares of IREDA, which were listed at 50 rupees, climbed to a high of 57.75 rupees, well above their initial public offer (IPO) price of 32 rupees

Gold at near 7-mth peak as dollar, yields dip on Fed rate-cut speculations

Spot gold rose 0.2% to $2,044.69 per ounce by 0632 GMT, after hitting its highest since May 5. U.S. gold futures for December delivery rose 0.3% to $2,045.30 per ounce

Russia attacked with 21 drones, 3 cruise missiles: Ukraine's Air Force

The Iranian-made Shahed drones were headed towards the Khmelnitskyi region, and the missiles for the southern parts of Ukraine, the air force said on the Telegram messaging app

China's Alipay sells stake in Zomato for nearly $400 million: Term sheet

The deal comes after Reuters reported on Tuesday that Alipay was planning to sell its 3.4% in Zomato through block deals on the Indian stock exchanges

Brisk export orders stoke new season basmati rice prices in India

This month, Reuters reported that India signed contracts to export about 500,000 metric tonnes of new season basmati rice, indicating brisk overseas sales of the premium aromatic variety

Ukraine says Russian strikes hit coal mine, private homes; four killed

Three apartment buildings, two industrial enterprises, an administrative building, and vehicles were damaged. Power lines and a gas pipeline were also targeted

French nuclear operator EDF ties up with Canadian, Czech, Indian firms

EDF concluded a cooperation agreement with BHEL to "maximize the local content" of a proposed project to build six EPR reactors in Jaitapur

High staff churn in India's financial sector to persist in FY24: TeamLease

"The demand for salespeople (selling personal, home, agriculture and other loans) is huge," said CEO for staffing at TeamLease

Tesla on two wheels? India's Ola Electric feels the strains of success

Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years

Proxy advisory firm urges Raymond's directors to probe assault allegations

CNBC TV 18 reported that Singhania has written to the company's board of the company assuring smooth functioning of business amid the ongoing separation with his wife

AI threatens wages, not jobs so far, European Central Bank paper finds

Employment share of sectors exposed to AI has increased, with low and medium-skill jobs largely unaffected

China's Alipay plans to sell 3.4% stake worth near $400 mn in Zomato

Bank of America and Morgan Stanley are advisers on the deal, which is likely to be executed later this week on Indian exchanges, said the three sources, who declined to be named as the plan is private

Center plans to increase coking coal shipments from Russia: Report

Russian coking coal cargoes are already cheaper than Australian supplies, and some Russian suppliers are willing to lower their prices, said sources

Sebi plans to ease capital and disclosure rules for passive funds: Reports

The Securities and Exchange Board of India (Sebi) will seek public comments on the proposals before finalising the rules, the sources said

Meta Platforms' paid ad-free service targeted in Austrian privacy complaint

The ad-free service cost 9.99 euros ($10.90) monthly for Web users and 12.99 euros for iOS and Android users