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Israel stops processing key commercial food imports to Gaza, sources say

By John Davison, David Gauthier-Villars and Nidal al-Mughrabi JERUSALEM (Reuters) -Israel has stopped processing requests from traders to import food to Gaza, according to 12 people involved in the trade, choking off a track that for the past six months supplied more than half of the besieged Palestinian territory’s provisions.  Since Oct. 11, Gaza-based traders …

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Musk’s win on India satellite spectrum raises prospect of price war with Ambani

By Munsif Vengattil, Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Having just lost a battle with Elon Musk over how India’s satellite spectrum is awarded, Asia’s richest man Mukesh Ambani could face a bigger challenge if Musk’s Starlink launches services in India and the two go head-to-head on price. India’s government said on …

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India’s Tata Communications posts Q2 revenue growth on steady digital services demand

(Reuters) – India’s Tata Communications reported an 18% growth in its second-quarter revenue on Thursday, helped by steady demand for its digital services. The firm posted revenue of 57.67 billion rupees ($686 million) for the three months ended Sept. 30, as compared to 48.73 billion rupees a year earlier. Tata Communications provides services such as …

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Hyundai IPO, India’s biggest, gets $5.5 billion in bids despite subdued retail interest

By Nandan Mandayam, Hritam Mukherjee and Aditya Kalra (Reuters) -Hyundai Motor India’s $3.3-billion initial public offering was oversubscribed by more than two times on Thursday attracting aggressive bidding from institutional investors, even though pricing concerns deterred retail participation. Hyundai Motor’s first listing outside South Korea is India’s largest and the world’s second-largest IPO of 2024, …

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Uruguay’s leftist presidential frontrunner: no plan for tax hikes; focus on growth

By Lucinda Elliott MONTEVIDEO (Reuters) – Uruguay’s center-left presidential candidate Yamandu Orsi, the frontrunner in polls ahead of elections this month, plans to avoid unpopular tax hikes despite a growing deficit, instead looking to spur faster economic growth in the farming nation. In his first interview with international media ahead of the Oct. 27 first-round …

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