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Commercial LPG and aviation fuel prices in New Delhi surge following the monthly revision to align with international oil price trends. Commercial LPG rates now stand at Rs 1818.50 per 19 kg cylinder, while ATF prices in Delhi increased by Rs 1,318.12 per kl, reaching Rs 91,856.84 per kl. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/H4WDIf8

US retail sales saw an annual growth of 3.4% on Black Friday, with e-commerce increasing by 14.6% and in-store sales by 0.7%, according to Mastercard. Key drivers included online purchases on mobile devices. Facteus data indicated flat sales for Best Buy and Target, while Adobe reported a 10.2% increase in online spending to $10.8 billion on Friday. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KXGJhuY

The Eurasian Group identified over 600 people linked to global terrorist financing networks in 2023. The group discussed challenges in detecting and tracking these financiers, emphasizing risks across regions, including Afghanistan. They also addressed the complexities of regulating cryptocurrency in preventing terrorism funding. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xwbeZpF

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Foreign investors aggressively sold Indian stocks, causing the sensex to plummet by 1,190 points to 79,044. All sensex constituents except SBI closed in the red, with investors losing Rs 1.4 lakh crore. Foreign funds were net sellers at Rs 11,756 crore. Market volatility was heightened by the expiry of derivative contracts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qNycwfR

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Adani Green Energy stated it isn't seeking new funds from TotalEnergies after the French company paused further investments due to corruption allegations against Adani executives. TotalEnergies, a significant stakeholder in Adani Green, clarified its stance following a US indictment, emphasizing its commitment to ethical practices and awaiting clarification on the accusations. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WkSn2HN

Meesho launched a multilingual AI voice bot for customer service, initially supporting Hindi and English, with plans to expand to six more regional languages. This move aims to reduce costs and personalize support for its diverse user base. The bot currently handles 60,000 calls daily, resolving 95% of issues and cutting average handling time by half. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uJL2Exh

GQG Partners, a major investor in Adani Group, warns that US bribery allegations against Gautam Adani could hinder the conglomerate's access to international funding. While Indian banks continue lending, GQG notes any negative government action could significantly impact the group. The US indictment alleges Adani Green employees, including Gautam Adani, bribed Indian officials for solar contracts, impacting subsequent fundraising efforts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aFMqXp6

French energy giant TotalEnergies has paused further investments in Adani Group following US bribery allegations against its founder. TotalEnergies, holding stakes in Adani's renewable energy and gas ventures, stated it was unaware of the US investigation. The company emphasized its zero-tolerance policy on corruption and clarified it wasn't directly implicated. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OeyEI6F

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India's food processing industry is booming, projected to double in size by 2025-26. This growth is fueling a surge in hiring within the FMCG sector, with a particular focus on fresh graduates. Companies are seeking talent to support their expansion into rural and semi-urban markets, creating opportunities in areas like supply chain management and market research. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8IRZrfD

India has experienced significant investment growth, reaching $14 trillion since independence, with $8 trillion invested in the last decade alone. This surge, driven by post-COVID economic measures and government spending, has boosted the investment-to-GDP ratio. Despite occasional short-term market fluctuations, India's stock market demonstrates resilience, yielding positive returns in 26 out of the past 33 years. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jPYWnab

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Indian stock markets experienced a significant downturn, mirroring the decline in Adani Group stocks following accusations of fraud and bribery in the US. The BSE Sensex plummeted over 422 points, wiping out ₹5.27 lakh crore of investor wealth. Adani Ports suffered the most, hitting the lower circuit limit. Other Adani Group stocks also witnessed substantial losses. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uBi1KyR

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Bitcoin soared to a new all-time high near $95,000, fueled by reports of a potential acquisition of crypto trading platform Bakkt by Trump's social media company. This news, coupled with Trump's pro-crypto stance, has boosted investor confidence in a less regulated crypto environment. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i8oL0ZK

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Government has revised guidelines for state-run firms, aiming to enhance their value and returns for shareholders. Key changes include a minimum annual dividend of 30% of profit or 4% of net worth, and provisions for share buybacks, bonus share issues, and share splitting based on specific financial criteria. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yJr5MTQ

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Nifty 50 companies reported single-digit net profit growth for the second consecutive quarter in Q2 FY25, primarily due to weakness in the commodities sector. However, the second half of the fiscal year is expected to show improvement driven by government spending and improved rural demand. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sCeN5ct

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Deal comes almost a year after it bought Taiwanese Wistron’s iPhone factory from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8qbdU14

The Reserve Bank of India suggests that municipal corporations can improve their financial health by charging appropriate user fees for services like water and waste management. This, along with transparent governance, can lead to better public services and improved urban infrastructure. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aVSN4xc

Tomato prices in India have plummeted by over 22% to ₹52.35 per kg as of November 14, 2024, driven by a surge in supply. This follows a significant drop in wholesale prices at major agricultural markets like Azadpur. The price decline is attributed to increased arrivals from various regions and favorable weather conditions ensuring smooth supply chain operations. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xwjlaz4

Sirius India Airlines is looking to raise USD 100 million to expand its fleet and services. The company plans to have 50 private jets by FY27 and expand into new markets such as the Far East, Southeast Asia, and East Africa. The funds are expected to be secured by March of next year. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lLfkWaE

Taiwanese chip design giant MediaTek is expanding its presence in India, driven by the country's booming smartphone market and government initiatives to boost local semiconductor production. The company, which recently surpassed Qualcomm in the Indian market, plans to hire more engineers and designers to support its growth in smartphones and other sectors like automobiles, computing, and IoT. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Prm81Q5

Elon Musk and CEO Linda Yaccarino are being lauded as major brands like IBM and Disney return to advertising on X after a nearly year-long hiatus. This follows reports of a significant drop in ad revenue attributed to concerns about brand safety under Musk's leadership. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xzJsAfo

Alibaba, the Chinese e-commerce giant, fell short of analysts' profit and revenue expectations for the second quarter. The company's performance was hampered by a decline in consumer spending in China and increased competition from discount retailers. Despite this, Alibaba witnessed growth in its cloud computing and international e-commerce businesses. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FbPlx7N

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Commerce Minister Piyush Goyal called on the Reserve Bank of India to reduce interest rates. Goyal argued that using interest rates to control food price inflation was ineffective. RBI Governor Shaktikanta Das cautioned against assuming a rate cut. Das highlighted the risks of inflation increasing and economic growth slowing down. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XaS04Yi

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Indian investors have lost over half a trillion dollars due to a market crash fueled by foreign fund outflows and concerns about US policies. Despite domestic investments, the Sensex and Nifty indices have dropped significantly, entering correction territory. While some local investors are buying during the dip, the broader market is experiencing a sharper decline. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MsTdzv9

Vodafone Idea reported a smaller loss of Rs 7,176 crore in the September quarter, thanks to tariff hikes that boosted revenue. Despite this, the company's average revenue per user (ARPU) still trails behind rivals Jio and Airtel. Vodafone Idea continues to lose subscribers, ending the quarter with 20.5 crore users, significantly fewer than its competitors. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PnuJUdm

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India's coal imports saw a 7.8% increase, reaching 140.60 million tonnes between April and September of this financial year. This rise comes despite a 10.09% dip in September's imports. The surge is attributed to robust stock positions and competitive domestic e-auctions, contributing to an anticipated moderation in overall import demand. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bUN6ctO

To enhance transparency and investor protection, India's market regulator, SEBI, is proposing to broaden the definition of Unpublished Price Sensitive Information (UPSI). This includes events like fundraising, management changes, regulatory actions, and financial irregularities, aiming to provide a clearer framework for listed companies. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lZEYIBW

Shares of Trump Media & Technology Group saw an upward trend after former US President Donald Trump refuted claims of selling his shares. Trump confirmed his commitment to the company, which owns the Truth Social platform. He labeled the rumors as false and potentially illegal. Trump Media's shares experienced a significant increase, closing at a higher value. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1XLFZPR

Foreign investors are pulling out of Indian equity markets due to high valuations and shifting focus towards China. Despite this, new FPI registrations are on the rise thanks to relaxed regulations. The future of FPI investment hinges on upcoming earnings reports and the performance of the Chinese market. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ngGW19P

India's stock market witnessed a mixed performance last week, with six of the top ten companies experiencing a combined market value decline of ₹1.56 lakh crore. Reliance Industries took the biggest hit, while TCS and Infosys emerged as gainers. Despite the fluctuations, Reliance Industries retained its top position, followed by TCS and HDFC Bank. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BURL5u3