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 The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal of the Ministry of Power for providing central financial assistance to the state governments of the northeastern region towards their equity participation in the development of hydroelectric projects through joint venture (JV) collaborations between state entities and central public sector undertakings … Read more

 Indian equity indices opened flat on Thursday due to negative cues from Asian and US markets.  At 9.40 a.m., Sensex was at 81,816, up 31 points and Nifty was up 19 points at 25,071. During the early trading hour, the Overall market trend remains positive. On the National Stock Exchange (NSE), 1,134 shares are in … Read more

Asian shares followed Wall Street futures lower on Thursday as Nvidia's results disappointed some bullish investors, while the dollar steadied and the Treasury yield curve came within a whisker of turning positive. Investors now await U.S. weekly jobless claims, which have gained prominence given the Federal Reserve's focus on the health of the labour market, … Read more

Oil prices held mostly steady on Thursday as a smaller-than-expected draw in U.S. crude inventories and continued worries over China demand countered supply disruptions out of Libya. Brent crude futures were down 1 cent, or 0.01%, at $78.64 a barrel at 0043 GMT, while U.S. West Texas Intermediate crude futures were up 8 cents, or … Read more

The dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with traders looking ahead to a key U.S. inflation reading at the end of the week that could offer further clues on the outlook for rates there. Friday's release of the core personal consumption expenditures (PCE) price index – … Read more

Gold prices edged up on Thursday, aided by a weaker dollar and hopes of a Federal Reserve interest rate cut, while focus turned to a key U.S. inflation print. Spot gold was up 0.5% to $2,513.77 per ounce, as of 0250 GMT. Bullion hit a record high of $2,531.60 on Aug. 20 and is up … Read more

The Indian rupee is likely to open slightly higher on Thursday, boosted by equity inflows and after yet again managing to avoid hitting a record low in the previous session. The one-month non-deliverable forward indicated the rupee will open at 83.92-83.94 to the U.S. dollar, compared with its close of 83.9525 in the previous session. … Read more

India's Paytm has received an approval from the country's finance ministry to invest in its payment services business, the fintech firm said on Wednesday. One 97 Communications, popularly known as Paytm, has been under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments … Read more

India's Eros Investments and its Immerso AI-IP unit are expected to invest $1 billion to develop an artificial intelligence park and movie studio in Malaysia, Malaysia's digital ministry said on Thursday.  The investment, which is expected to include an AI university and data centre in the park, has the potential to create 5,000 jobs in … Read more

RBI Governor Shaktikanta Das on Wednesday said that based on the encouraging response received from several jurisdictions, the apex bank is now focusing on making "UPI and RuPay truly global".  "The deployment of UPI-like infrastructure in foreign jurisdictions, facilitating QR code-based payment acceptance through UPI apps at international merchant locations, and interlinking UPI with Fast … Read more