India steps up FTA push: New Delhi actively negotiating trade pacts with US, EU, says Goyal; set to resume talks with Canada

India is actively pursuing free trade agreements with key global players like the US and EU, alongside around 50 other nations and blocs. Commerce minister Piyush Goyal highlighted the strategic importance of “trusted partners” amid rising global trade risks. Discussions are progressing with the GCC, New Zealand, and Israel, while talks with Canada are set…

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Chinese giant mulls India battery plant; Envision plans $34 million output amid soaring storage needs

China’s Envision Group is considering a $34 million battery manufacturing plant in India, aiming to support the nation’s renewable energy integration. The proposed facility would assemble battery systems, utilizing Chinese-sourced cells while developing local racks and software. This move comes as India faces storage shortages, hindering its renewable energy expansion and grid stability.

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Asian stocks today: Markets struggle to build on week’s rally; Wall Street stays shut for Thanksgiving holiday

Asian markets traded narrowly, concluding a strong week for global equities as expectations for a US Federal Reserve rate cut next month grew. While some Asian indices dipped, others edged higher, with focus shifting to upcoming US economic data and the Fed’s policy path. The yen saw fluctuations amid inflation data, while oil prices climbed.

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Sensex hits 86k, new high in over a year

Sensex and Nifty hit record highs on Thursday, driven by Wall Street’s rally, US and Indian rate cut hopes, and strong domestic fund buying. Despite touching intraday peaks, profit-taking led to a modest closing gain for both indices. The rally was primarily led by large-cap stocks, with domestic funds playing a crucial role.

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Meesho IPO: SoftBank-backed firm set to launch Rs 4,250 cr IPO on Dec 3; what investors should know

Meesho’s initial public offering is set to launch on December 3. The e-commerce firm plans to raise Rs 4,250 crore through a fresh issue of shares. Existing investors will also sell a portion of their holdings. Funds will support cloud infrastructure, marketing, and strategic expansion. The company reported strong platform metrics in FY25, with significant…

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