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Bitcoin and ether experienced sharp declines, with bitcoin closing at $80,553 and ether hitting a four-month low. This sell-off in riskier assets is attributed to investor concerns over expensive tech stocks and uncertainty regarding US interest rate decisions. Analysts warn that a drop below $80,000 could trigger further significant losses for bitcoin. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/l0v1jtn >

US President Donald Trump is reiterating his support for his tariff policy. He claims these tariffs are bringing in trillions of dollars for America. Trump also asserts that his tariff threats have prevented eight wars. He criticises opponents and foreign governments, stating tariffs are crucial for US economic and security strength. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/9NynTiK >

The Securities Markets Code Bill 2025 is slated for introduction in Parliament's Winter session, aiming to streamline India's financial markets by merging key securities laws into a single code. This unified legislation, first proposed in the Union Budget 2021-22, is expected to reduce compliance costs and regulatory friction. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8DkRgjy >

India's health insurance system is losing ₹8,000-10,000 crore annually due to fraud and waste, a BCG-Medi Assist report reveals. This impacts premiums and public funds, with reimbursement claims showing significantly higher fraud rates. The report advocates for AI-driven oversight and faster data sharing to combat this systemic issue and ensure accessible, affordable healthcare. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/KPYBOpr >

Kotak Mahindra Bank's board has approved a 1:5 equity share sub-division to enhance affordability and market liquidity. This decision, made on the bank's 40th foundation day, aims to encourage broader investor participation. The move, subject to regulatory approvals, will split Rs 5 face value shares into five Rs 1 shares. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/AQnhpTD >

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The Centre has extended the quality enforcement timeline for specific steel and stainless-steel imports until March 2026. This move aims to prevent supply disruptions of specialized steel grades not yet produced domestically in sufficient quantities. The government also simplified import procedures for steel grades not covered by existing Quality Control Orders. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/sLZkJ1h >

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The US trade deficit significantly narrowed in August, falling to $59.6 billion as tariffs reduced imports. Despite this pullback, the trade gap has widened year-to-date, though a narrower deficit typically supports economic growth. President Trump's tariffs, aimed at addressing perceived exploitation, have faced scrutiny over their impact on inflation and legality. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/h7mpuoq >

Pakistan's stock market is witnessing a remarkable surge, fueled by a wave of retail investors seeking better returns amidst stagnant property prices and declining deposit rates. This rally, driven by improved economic indicators, fiscal management, and political stability, has positioned Pakistan as a top-performing Asian market. Experts anticipate continued strength, though inflation and geopolitical tensions remain potential headwinds. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/X4LN5zs >

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The US aims to finalize a rare earths deal with China by Thanksgiving, suspending Beijing's export restrictions on critical minerals. This tentative agreement, following the Trump-Xi meeting, also involves the US rolling back some tariffs and China resuming significant soybean purchases. Washington is confident in Beijing's commitment but holds leverage if assurances are broken. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ihQsmI2 >

Galeries Lafayette has launched its first Indian store in Mumbai, aiming to capture the nation's vast consumer market. Despite the promising growth of India's luxury sector, global brands face significant hurdles including high import duties, complex bureaucracy, and strong competition from local designers, necessitating cultural adaptation for success. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/sHqvRSp >

Former Federal Reserve Governor Adriana Kugler reportedly violated strict trading rules multiple times before her abrupt August resignation. Disclosures reveal over a dozen stock transactions in 2024, including significant Apple shares, during prohibited blackout periods. Despite claims her husband acted without her knowledge, requests for ethics waivers were denied, prompting her departure. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/PCQZqwd >

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Foreign investors have reduced their stake in Indian companies to a 15-year low. Meanwhile, domestic mutual funds are at a record high. Promoters are also selling shares. Individual investors, combined with mutual funds, now control a significant portion of the market. This shift reflects changing investment patterns in India. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Qe29MDw >

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Ford CEO Jim Farley warns of a national crisis as the company struggles to fill 5,000 skilled mechanic roles, despite offering $120,000 salaries. This shortage, impacting manufacturing and essential services, stems from a collapse in trade education. While Gen Z shows renewed interest in trades, rebuilding the talent pipeline will take years. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/aNyj4dP >

Retail inflation hit a record low of 0.3% in October, driven by GST rate cuts and a sharp decline in food prices. This significant drop, the lowest in the current CPI series, has fueled expectations of an interest rate cut by the RBI in December. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/9xvJTE4 >

Public sector banks are directed to boost lending to MSMEs and agriculture, while focusing on low-cost deposits and robust risk management. The finance ministry emphasized customer-centricity, digital innovation, and cybersecurity. Banks are also urged to support emerging sectors like renewable energy, aligning with national development goals. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fgzaNmF >

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The CBDT has empowered the Income Tax Commissioner at Bengaluru's CPC to directly rectify assessment order mistakes under Section 154. This move aims to expedite corrections for taxpayers, addressing issues like miscalculations and missed credits, thereby reducing delays and enhancing transparency in the refund process. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/hpv3wxG >

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Air travel faced significant disruption on Sunday. Over 2,100 flights were cancelled and 7,000 delayed across the United States. This chaos stemmed from the ongoing government shutdown and reduced air traffic control operations. Major airports like Hartsfield-Jackson in Atlanta and Newark Liberty saw the highest number of cancellations. Officials are trading blame for the travel woes impacting the public. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/T6lE9sw >

China has eased export controls on Nexperia chips for civilian use, a move that could alleviate global auto industry supply shortages. This signals a potential de-escalation following Dutch government intervention in the chipmaker, owned by China's Wingtech. Beijing urges the EU to press the Netherlands to reverse its decision, aiming to safeguard global chip supply chains. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/2c0jlEn >

China's consumer prices saw a mild 0.2% year-on-year increase in October, breaking a period of stagnation and decline. This slight improvement occurs as the nation grapples with a property debt crisis, weak consumer spending, and high youth unemployment, while factory-gate prices continue to fall. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Tld7KfP >

The ongoing government shutdown has severely disrupted US flight schedules, leading to over 2,500 cancellations by Saturday evening. Staffing shortages at FAA radar centers and control towers, exacerbated by unpaid air traffic controllers, are forcing airlines to scale back operations. This is causing significant passenger anxiety, financial losses, and broader economic concerns for supply chains and tourism. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/hOqS3ru >

Retailers like Walmart, Target, and Aldi are offering more affordable Thanksgiving meals this year by heavily featuring private-label products and trimming menus. While prices are down, these deals often involve fewer items and store-brand substitutes, a trend driven by consumer concerns over rising food costs. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/NlwvJtj >

President Trump is pushing Republicans to redirect ACA funds directly to Americans, bypassing insurance companies. He argues this would save citizens money and dismantle the current healthcare system. This proposal comes amid a prolonged government shutdown, with Democrats offering to reopen it if ACA subsidies are maintained for a year. Republicans have rejected this, demanding the government be funded first. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/upfmEXo >

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'To Discuss With RBI, Will Engage Banks, Need Lot Of Groundwork' from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/h5Ln2jP >

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Some Officials At Regulator See This As Intrusion Into Turf from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/KunBb5d >

Mehli Mistry has resigned as a trustee of the Tata Trusts, citing his commitment to Ratan N Tata's vision and a desire to prevent controversy. His departure, effective October 27, follows a failed attempt last year to secure a lifetime trustee position. Mistry emphasized transparency and public interest in his farewell letter. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1NkTJQd >

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Analysts are bullish on Vedanta, anticipating growth from expansion projects and improved commodity prices. BEL's strong performance is noted, though valuations are a concern. Bank of Baroda shows robust loan growth and improving asset quality. BPCL's earnings are boosted by refining gains, while GAIL's gas trading performance impresses, despite subdued petchem results. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/PiJRpIb >

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Mehli Mistry, executor of Ratan Tata's will, has filed a caveat with the charity commissioner after his reappointment to Tata Trusts boards was denied by a majority. He seeks an opportunity to be heard before any changes are sanctioned, as the Trusts must report board composition changes within 90 days. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/CqQOuhA >

GST revenue for FY26 is projected to surpass budget targets, according to SBI Research, despite a significant rate restructuring. The new four-tier slab system, with a 40% rate for luxury goods, is expected to benefit most states, with Maharashtra and Karnataka anticipating substantial gains. Historical data suggests revenue will stabilize and then accelerate post-rationalization. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/eYbPU3x >