Reuters

Ousted Nepal PM Oli's party holds biggest rally since Gen Z protests

The "Gen Z" protests and subsequent unrest killed 77 people and injured more than 2,000 in September

SpaceX prepares for IPO, insider share sale sets $800 billion valuation

In the letter dated December 12, Johnsen said SpaceX has approved an arrangement where new and existing investors and the company will buy up to $2.56 billion of shares from eligible shareholders

Nvidia considers increasing H200 chip output as Chinese demand surges

Major Chinese companies including Alibaba and ByteDance have already reached out to Nvidia this week about purchasing the H200 and are keen to place large orders

IndiGo estimates over ₹500 crore payout after mass flight cancellations

The budget airline said in a post on X it was in the process of identifying flights where customers were severely impacted and stranded at airports on December 3, 4 and 5

Gold hits seven-week high on safe-haven demand; silver notches peak

The dollar hovered near a two-month low, and was on track for a third straight weekly drop, making bullion more affordable for overseas buyers

Sebi faces privacy hurdles over asset disclosure proposal, says Chairman

SEBI officials are questioning the need for such disclosures, noting they are not mandated for any other authority in India, Pandey added

EU to indefinitely freeze Russian assets, removing obstacle to Ukraine loan

The loan would be paid back by Ukraine only when Russia pays Kyiv war damages, making the loan effectively a grant that advances future Russian reparations payments

Elon Musk's Mars mission adds risk for investors to red-hot SpaceX IPO

Musk has always maintained that sending humans to Mars was his lifelong ambition

Asian stocks rise higher cautiously as tech sector rattled by Oracle

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 per cent, tracking mostly higher US markets on Thursday - the Dow and Russell 2000 indices hit new highs but the Nasdaq fell

Disney invests $1 bn in OpenAI, to license characters for Sora video tool

As part of the licensing deal, Sora and ChatGPT Images will start generating videos using licensed Disney characters such as Mickey Mouse, Cinderella and Mufasa, from early next year

Thai PM calls early election amid border clashes and parliamentary turmoil

The Thai premier said he had a call scheduled late on Friday with US President Donald Trump, who intervened in July to broker a fragile truce the last time fighting erupted

RBI deputy governor warns of stablecoin risks, dismisses claims of utility

India is currently running a retail and wholsesale pilot for its central bank digital currency, which has about 7 million users

PNB Housing Finance names Ajai Kumar Shukla as MD, CEO; shares rise by 5%

The appointment comes as large home financiers face intensifying competition from banks in lending for premium homes, while affordable housing has emerged as a more attractive market

India gold discounts widen as prices hit record high, China demand muted

Indian dealers were offering a discount of up to $34 per ounce to official domestic prices this week, inclusive of 6 per cent import and 3 per cent sales levies

MTR-owner Orkla India eyes deals, bets on quick meals, delivery for growth

The Indian arm of Norwegian consumer goods group Orkla, which merged MTR and Eastern in 2023, expects to return to its historical double-digit revenue growth in fiscal 2026 and beyond

Thailand and Cambodia hold border talks as Trump's mediation looms

Hundreds of Cambodian workers also gathered on the Thai side of the crossing in a bid to leave, but the official said it was unlikely to reopen on Thursday

RBI completes bond buys, takes FY26 total to a record high of ₹3.16 trn

The central bank bought 500 billion rupees ($5.53 billion) of bonds at higher-than-expected cutoff prices, lifting secondary-market yields

Mexico's steep tariff hike to hit $1 billion in Indian auto exports

The import duty on cars will rise to 50 per cent from 20 per cent, dealing a significant blow to India's largest vehicle exporters to Mexico including Volkswagen, Hyundai, Nissan and Maruti Suzuki

Peer-to-peer lending platform LenDenClub's parent plans IPO, says CEO

Peer-to-peer lending connects individual lenders directly with borrowers, bypassing banks and other financial institutions

Trump plans include major US investment in Russia, restoring oil to Europe

US companies would invest in Russian strategic sectors such as rare-earth extraction and oil drilling in the Arctic, while Russian energy flows to Western Europe and the world would be restored