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Economy
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PM-KISAN Transfers ₹18,690 Crore to More Than 9.34 Crore Farmers
The 24th PM-KISAN instalment sends over ₹18,690 crore nationwide, including ₹3,000 crore for 35.38 lakh farmers in Odisha.
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India’s Milk Yield Reaches 8 Litres Per Animal as Dairy Investment Expands
India’s average daily milk yield has risen from under five litres in FY14 to 8 litres, alongside new breeding, Bio-CNG and farm infrastructure projects.
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Gold Falls Below $4,000 as Inflation and Oil Prices Strengthen Rate-Hike Bets
Gold fell 0.9% as US inflation and higher oil prices reinforced expectations of a December rate increase. Silver, platinum and palladium also declined.
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Nifty Tops 23,100 as IT Shares Lead Mid-Session Recovery; Trent Gains 6.30%
The Nifty rose 0.72% by 12.46 pm, led by IT shares and Trent, while higher crude prices and mixed market breadth kept risks in view.
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Il Borro Explores India for Tuscan Bistro as Luxury Dining Interest Grows
Il Borro is discussing possible Indian hotel locations for 2027–2030, with no opening confirmed. Its estate model links dining to Tuscan food, wine and craft.
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Fitch Sees Treasury Yield Relief by 2027, With AI Spending Risks in Focus
Fitch expects the 10-year US yield to ease to 4.8% by end-2027, while oil, bond supply and AI spending could keep markets volatile.
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India’s $1 Trillion Export Pace Hinges on Manufacturing Competitiveness
First-half trade reached around $480 billion, putting the $1 trillion export mark in view if that pace holds. Manufacturing’s share remains nearly flat.
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Rupee Holds Near 95.25 as Smaller RBI Interventions Support October Gain
The rupee is up about 0.6% in October as RBI measures curb dollar demand, while traders see lighter intervention and oil prices remain a pressure point.
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Brent and WTI Rise as West Asia Supply Risks Lift Oil Futures
Brent rose 1.01% and WTI 1.12% as traders weighed possible supply disruptions; MCX natural gas fell while turmeric and jeera advanced.
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Trent Rises 7% as Q2 Profit Grows 25%, Broker Views Diverge
Trent reported ₹468 crore in Q2 profit as store expansion and margins drew mixed assessments from brokerages.
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Japan’s Cyberattack Surge Exposes Gaps in Business Defenses
At least 81 incidents have been reported since July as AI tools widen risks for Japanese companies and test a shift toward earlier threat detection.
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Malaysia’s 2027 Budget Clears Initial Hurdle After Anwar Secures Opposition Support
Anwar won backing for Malaysia’s 2027 spending plan through a pact offering constituency funds and setting out institutional reform conditions.
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Japan to Reduce Fuel Subsidies as Energy Costs Strain Households
Japan will raise subsidised fuel prices by 5 yen a litre monthly from December, easing public costs while adding pressure on households and businesses.
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Bank of Japan Holds Rate at 1.25% as Inflation Target Comes Into Reach
The BOJ kept its rate at 1.25% but shifted its focus to containing inflation near 2%, with a December increase in view.
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ADB Builds Singapore Team to Mobilise Private Capital for Asian Projects
ADB has doubled its Singapore specialists to about 30 as it targets US$13 billion in private capital annually by 2030.
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Miami Beach Building Subsidence Varies, With Construction Linked to Continued Sinking
Satellite measurements found uneven sinking across 35 buildings, raising questions about construction’s role and potential exposure for property insurers.
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Buffalo Apartment Battery Tests Storage Safety in Multifamily Housing
A 3.75 megawatt-hour system at Peace Bridge Place aims to cut power costs and provide backup, while testing whether large batteries can operate safely indoors.
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Nvidia’s Megaspeed Checks Put Chip Diversion Risks in Focus
Jensen Huang says Nvidia reviewed Megaspeed’s GPU deployments as scrutiny of possible chip diversion to China intensifies.
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Vietnam’s Affordable Luxury Market Faces a Test of Repeat Spending
Premium brands see room to grow in Vietnam, but income gaps and cautious spending narrow the market for repeat purchases.
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Singapore Q3 Layoffs Reach 4,800 as Hiring and Unemployment Signals Diverge
Layoffs rose for a fifth quarter as resident unemployment edged up, while employment expanded and more firms reported plans to hire.