India’s palm oil imports probably declined from a one-year high in October as traders and refiners trimmed buying after higher global prices made overseas supplies more expensive.

Shipments dropped about 12 per cent from a month earlier to 775,000 tons, according to the median of five estimates in a Bloomberg survey of processors, brokers and analysts.

The Air Quality Index (AQI) in Delhi-NCR has once again entered into the severe category on Wednesday with PM level crossing the 500-mark at some places.

Major pollutants PM 2.5 at 500 & PM 10 were at 497, both in the severe category in Lodhi Road area, according to the Air Quality Index (AQI) data.

India’s headline inflation probably breached the central bank’s 4% medium-term threshold last month, but that surge -- driven by high onion prices -- is unlikely to distract monetary policy makers from their focus on growth.

Economists pegged the gains in consumer prices at 4.35% in October, according to the median of 33 economists surveyed by Bloomberg. That would be the first above-4% print since July 2018 and the highest since June last year.

The data king of the world and founder of IT giant, Dell Technologies, Michael Dell feels that the next decade would be driven and shaped by data, and India could be one of the significant players.

In an exclusive interview with IANS, here at the company's Global headquarters the American billionaire businessman and Chairman of Dell, one of the world's largest technology companies said that India figures as the topmost destination for his enterprise in the years to come.

The Supreme Court on Wednesday upheld the disqualification of 17 Congress-JD(S) MLAs in Karnataka on orders of the Speaker but allowed them to contest the December 5 bypolls.

The court struck down the portion of the Speaker's order by which the legislators were disqualified till the end of the 15th Karnataka Assembly.

Shares of MSTC continued their northward journey, rallying 18 per cent to Rs 181 on the BSE on Wednesday after the Chhattisgarh government appointed the company as its selling agent.

The stock of the state-owned e-commerce firm was trading at its highest level since listing on March 29, 2019. In the last 12 trading days, it has soared 91 per cent, as compared to a 3.3 per cent rise in the S&P BSE Sensex.

GAIL India posted a sluggish performance for the quarter ended September. Despite steady volume growth, operating performance was impacted by one-offs in the trading and gas transmission segments. This coupled with poor LPG & liquid hydrocarbon segment profitability resulted in a sub-par performance. Operating profits which were down 30.8 per cent sequentially slid by 47 per cent year-on-year.

The shut down at some fertiliser plants and delay in commissioning of few others led the company to sell some contracted volumes in the spot market impacting profitability in the gas marketing segment.

Vodafone Group Plc’s Indian venture may be headed for liquidation unless the government eases off on demands for mobile spectrum fees, the phone company’s chief executive officer said.

The Supreme Court ordered Vodafone Idea to pay $4 billion of fees linked to past frequency licences last month. With another airwave auction approaching, Vodafone Idea already has $14 billion in debt and UK-based Vodafone has pledged not to put any more money into the business.

Indian Oil Corporation, the country’s top refiner, is in talks with oil major Rosneft to explore possibility of importing Russian oil, its chairman Sanjiv Singh said on Tuesday.

We have taken very small quantities from Russia in the past which cant be considered significant so we are trying to explore if we can increase the Russian crude volume coming to India...We are in discussion with Rosneft and we are hopeful that something should work, Singh told reporters at an energy conference.

Facebook has launched a new payments system that will work across its app ecosystem -- Facebook, Messenger, Instagram and WhatsApp.

Appropriately named Facebook Pay, it will begin rolling out on Facebook and Messenger this week in the US for fundraisers, in-game purchases, event tickets, person-to-person payments on Messenger and purchases from select Pages and businesses on Facebook Marketplace.

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