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Today's top news stories include October inflation data, Hyundai India and BSE quarterly earnings, and OPEC's oil demand outlook.
India's retail inflation reached a 14-month high of 6.21% in October, driven by high vegetable and edible oil prices.
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After a slump in August, India's industrial output rebounded in September led by a surge in manufacturing and a modest pick up in mining and electricity generation. The Index of Industrial Production grew by 3.1%
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India's benchmark indices declined for four sessions in a row on Tuesday. The NSE Nifty 50 ended 257.85 points, or 1.07% down at 23,840.35, the lowest level since June 25.
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India’s food safety regulator has warned quick-commerce and e-commerce companies, along with sellers, to strictly comply with expiry date regulations or face action.
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Hyundai Motor India Ltd. has disappointed with its maiden post-listing quarterly results as lacklustre sales weighed on key financials. The Creta maker's standalone net profit fell 16% year-on-year.
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BSE logged a sequential jump of nearly 31% in its consolidated net profit for the quarter ended Sept. 30, 2024.
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The Organization of Petroleum Exporting Countries has slashed its oil demand growth forecasts for calendar year 2024 and 2025, amid the economic slowdown faced by top consumer China.
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