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India’s Mahindra to invest $121 million to set up EV facility in Telangana state

BENGALURU (Reuters) -Indian automaker Mahindra and Mahindra Ltd said on Thursday it will invest 10 billion rupees ($121 million) to set up a manufacturing facility in the southern state of Telangana to make electric three- and four-wheelers. The investment will be made over eight years at the company’s Zaheerabad plant to develop its last mile …

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JPMorgan CEO says too early to declare victory against inflation

By Lananh Nguyen MIAMI (Reuters) -The chief executive of JPMorgan Chase & Co., the biggest U.S. bank, cautioned against declaring victory against inflation too early, warning the Federal Reserve could raise interest rates above the 5% mark if higher prices ended up “sticky.” Dimon’s warning came after Federal Reserve officials said more rate rises are …

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Swedish crown gains on central bank forecast for more hikes, softer dollar

By Alun John LONDON (Reuters) – The Swedish crown rallied on Thursday after the country’s central bank raised interest rates and forecast further tightening, while the dollar weakened against most other currencies alongside positive sentiment across markets. The dollar was last down 1.4% against the crown at 10.45 crowns and the euro was down 1.16% …

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Eight civilians dead in clash with U.N. peacekeepers in east Congo -local govt

KINSHASA (Reuters) – Eight people were killed and 28 wounded when protesters in east Congo’s North-Kivu province blocked and then set upon a convoy of United Nations peacekeepers on Tuesday, resulting in clashes, the provincial government said on Wednesday. Anti-U.N. sentiment has risen since a rebel group known as the M23 staged a violent offensive …

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Indian shares muted on Fed rate-hike fears; Adani stocks resume fall

BENGALURU (Reuters) -Indian shares struggled for direction before closing marginally higher on Thursday as gains in high-weightage financials and tech stocks offset concerns over the U.S. Federal Reserve’s rate-hike trajectory and a slide in Adani Group stocks. The Nifty 50 index closed 0.12% higher at 17,893.45, while the S&P BSE Sensex ended 0.23% up at …

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Australia orders checks on Chinese-made cameras in defence offices

By Renju Jose and Stefica Nicol Bikes SYDNEY/BEIJING (Reuters) -The Australian government will examine surveillance technology used in offices of the defence department, Defence Minister Richard Marles said on Thursday, amid reports that Chinese-made cameras installed there posed a security risk. The checks come after Britain in November asked its government departments to stop installing …

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Indian energy company ONGC Videsh eyes oil, gas ‘hot spots’ in Africa, Latin America

By Nidhi Verma and Shariq Khan NEW DELHI (Reuters) -ONGC Videsh (OVL) Ltd, the overseas exploration arm of India’s Oil and Natural Gas Corp, is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam, managing director Rajarshi Gupta said. The company already has a presence in …

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