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US stocks tick down as tech jitters linger

Wall Street’s major indexes retreated slightly on Tuesday, as worries over valuations of artificial intelligence stocks lingered in the final days of 2025.Shortly after trading began, the Dow Jones Industrial Average lost 0.2 percent to 48,380.60 while the broad-based S&P 500 Index edged 0.1 percent lower to 6,901.00.The tech-focused Nasdaq Composite Index also pulled back…

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FMCG distributors’ body asks Sebi to pause IPOs of loss-making quick-commerce firms

Fast-moving consumer goods distributors’ body AICPDF has urged the market regulator Sebi to pause the Initial Public Offerings (IPO) of loss-making quick-commerce companies. In a representation, the All India Consumer Products Distributors Federation (AICPDF) has urged Sebi “to consider immediate measures including a temporary pause on IPO approvals” for quick-commerce and closely related e-commerce companies…

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Saudi Arabia cost of living: Riyadh or Jeddah, which KSA city is easier on your wallet?

Is Saudi Arabia Still Affordable? New Data Reveals a Changing Cost-of-Living Story As Saudi Arabia accelerates its economic transformation under Vision 2030, the everyday financial landscape for residents, both citizens and expatriates, is changing rapidly. From housing to groceries, consumer prices are evolving against a backdrop of modest inflation, residential property pressures and shifting wage…

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Record 44.5GW green energy added in ’25

CHENNAI: The current calendar year proved to be a milestone for the Indian renewable energy sector, as annual new capacity additions to the grid hit a historic high. While final numbers are awaited in early Jan 2026, the sector has already added a whopping 44.5 GW of new capacity (including the large hydro category) during…

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Oswal’s Axis takes Guinea to World Bank, seeks $29bn

Bengaluru: Axis International, controlled by Indian-origin billionaire Pankaj Oswal, has initiated an arbitration seeking at least $28.9 billion in compensation against the Republic of Guinea at the World Bank. The company has alleged unlawful revocation of its mining rights at one of the country’s largest bauxite operations.The United Arab Emirates-based firm filed the claim on…

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Budget 2026: Dividend collections set to scale new high; likely to beat budget estimates in FY26

In 2024-25, dividend earnings touched an all-time high of Rs 74,129 crore, far surpassing the budget estimate of Rs 56,260 crore. (AI image) Budget 2026: Dividend inflows to the exchequer from non-financial central public sector enterprises and firms in which the government holds minority stakes are expected to surpass the budgeted estimate for the fifth…

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