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India raises windfall tax on crude oil, diesel and aviation turbine fuel

It raised windfall tax on crude oil to Rs 2,100 ($25.38) per tonne from Rs 1,700 ($20.55), effective Tuesday, the order said

Brazil FM Fernando Haddad calls for 'fairer and simpler' tax system

Haddad did not mention Lula's decision the day before to extend a costly tax exemption on fuels

Around 400 Russian soldiers killed in missile attack, says Ukraine

The attack hit a building in Makiivka - a city in Russia-occupied Donetsk region - where Russian forces were said to be stationed

IIFL Finance to raise funds via public issue of non-convertible debentures

The issue, which also has a greenshoe option to retain an oversubscription of 9 billion rupees, will open for subscription on Friday and close on Jan. 18

Edelweiss Financial Services to raise Rs 200 cr via public issue of NCDs

The company's public issue will open for subscription on Tuesday and will close on Jan. 23

Utility vehicles sales rise in Dec, demand for entry-level cars muted

Utility vehicles (UV), among the fastest-growing segments, saw a 22.3% rise in sales at Maruti Suzuki India and 62.2% at Mahindra and Mahindra

Canara Bank plans to raise funds through sale of certificates of deposit

The notes are rated A1+ by CRISIL

Rupee at 82.5750, gains on speculators bets, lack of cash dollar demand

Rupee was trading higher against the US dollar, helped by likely position building and lack of cash dollar demand

India's December manufacturing PMI expands to 57.8; highest in over 2 yrs

Monday's data cemented the view Asia's third-largest economy is better placed than many other emerging economies to weather the impact of a potential global recession

Global economy faces tougher year in 2023: IMF's Kristalina Georgieva

"Why? Because the three big economies - the US, EU and China - are all slowing down simultaneously," she said

Zelenskyy, Putin promise victory in contradictory New Year speeches

Zelenskyy, recalling some of the most dramatic moments and victories of the war, filled his emotional 17-minute video message with footage of Russia's attacks on the country

Global economy faces tougher year in 2023, IMF chief Georgieva warns

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the US, Europe and China - all experience weakening activity, the head of the IMF said

Unemployment rate rises to 16-month high of 8.30% in Dec 2022: CMIE

The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate slipped to 7.44% from 7.55%, the data showed

Oil ends year of wild price swings with second straight annual gain

Prices surged in March as Russia's invasion of Ukraine upended global crude flows, with international benchmark Brent reaching $139.13 a barrel, highest since 2008

Russia hits Ukraine energy infra with 16 Iran-made drones, says officials

The Ukrainian military said all the drones had been destroyed. Seven had targeted Kyiv, where an administrative building was damaged

Wall Street indices fall, treasury yields rise upon final 2022 trading day

The dollar, a beneficiary of rising US interest rates, was down slightly on Friday but on track for a 2022 gain of 8%, its biggest annual percentage increase since 2015

Rupee ends final week of 2022 higher as market mood improves

The rupee finished the year at 82.72 to the US currency, down from 74.33 at the end of 2021, while the dollar index was headed for its biggest yearly gain since 2015

To bring iPad manufacturing to India, govt may allow Chinese JVs: Report

Several global companies are exploring a China Plus One strategy to avoid supply chain bottlenecks as the world's second largest economy grapples with a surge in COVID-19 infections

Oil prices set to end turbulent 2022 with second straight annual gain

Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the highest since 2008, after Russia's invasion of Ukraine sparked supply concerns

Global stocks ends gloomy year amid soaring inflation while dollar triumphs

The dollar, a beneficiary of rising U.S. interest rates, was on track for its best annual performance in seven years.