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Indian Rupee Declines Amid Tariff Concerns and Capital Outflows, RBI Intervention Offers Limited Relief
The Indian rupee slipped on Thursday, reversing earlier gains despite active intervention by the Reserve Bank of India (RBI), as global tariff concerns and capital outflows weighed heavily on the currency. Analysts say that while RBI efforts temporarily supported the rupee, underlying external pressures have continued to challenge its stability. Rupee Movement and RBI Intervention
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Uniqlo Owner Fast Retailing Raises Annual Forecast After Strong Quarterly Profit Surge
Fast Retailing, the Japanese operator of the globally popular Uniqlo clothing brand, reported a 34% surge in quarterly operating profit, prompting the company to raise its full-year earnings forecast. The company cited robust global sales growth and a strategic expansion in international markets as key drivers behind the strong performance, allowing it to absorb additional
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PM Modi and Israel’s Netanyahu Discuss Gaza Peace Plan and Strengthening Bilateral Ties
New Delhi, Jan 08, 2026 – Prime Minister Narendra Modi and Israeli Prime Minister Benjamin Netanyahu held a phone conversation on Wednesday, focusing on the implementation of the Gaza peace plan and ways to deepen the India-Israel strategic partnership. The discussion came as part of a New Year exchange, with Netanyahu briefing Modi on recent developments regarding Gaza. In response, PM Modi reaffirmed
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Britons Prioritize Food Spending Over Gifts Amid Cautious 2026 Outlook
British consumers focused their festive spending on food and groceries over Christmas, while scaling back on clothing, gifts, and other non-essential items. Retailers including Tesco, Marks & Spencer (M&S), and Primark reported strong food sales, but warned of ongoing consumer caution and economic pressures that could weigh on trading in 2026. Christmas Food Sales Boost
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A Court Order, Bulldozers, and Protests: How the Demolition Drive Near Delhi’s Turkman Gate Unfolded
New Delhi, Jan 08, 2026 – Tensions flared in Central Delhi’s Turkman Gate area between Tuesday night and Wednesday morning as authorities carried out a demolition drive around the century-old Faiz-e-Elahi mosque, following a Delhi High Court order to remove illegal encroachments. The operation saw bulldozers, heightened police deployment, and local protests, ultimately resulting in stone pelting, police action,
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India Consumer Price Inflation Likely Rises to 1.50% in December: Key Insights and Analysis
India’s consumer price inflation (CPI) is expected to have risen to 1.50% in December 2025, marking a second consecutive month of increase, according to a recent Reuters poll. The uptick in inflation is attributed to a broad-based rise in food prices and the fading effects of previously low inflation rates. Economists suggest that the recent
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London Stocks Dip as Oil Sector Slips; Defence Shares Hit Record High
London’s stock market edged lower on Thursday, with the FTSE 100 index down about 0.3% as a slump in major oil stocks weighed on broader investor sentiment. The domestically focused FTSE 250 index also fell about 0.4%, reflecting weakness in energy and retail stocks amid mixed economic signals. Oil Sector Weakness Holds Back Market Shares
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Legal Experts Give In-Principle Nod to Bill Targeting Ministers Detained for 30 Days
New Delhi, Jan 08, 2026 – Legal experts representing the Law Commission of India, National Law University (NLU), Delhi, and NALSAR University of Law, Hyderabad, on Wednesday gave their in-principle approval to the Constitution (130th Amendment) Bill, 2025, which seeks to remove ministers—including the Prime Minister or chief ministers—if they are detained for 30 consecutive days. The experts presented their views before a Joint
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‘Against Kannada-speaking Minorities’: Karnataka Body Opposes Kerala’s Malayalam Language Bill
Kerala, Jan 08, 2026 – A proposed language legislation in Kerala has drawn strong opposition from across the state border, with a Karnataka government body warning that it threatens the rights of Kannada-speaking communities in Kerala’s Kasaragod district. The Karnataka Border Areas Development Authority (KBADA) has formally raised objections to the Malayalam Language Bill, 2025, which seeks to make Malayalam the first
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Gold Prices Slip as Commodity Index Rebalancing Triggers Selling Pressure
Gold prices fell sharply on Thursday as investors prepared for major futures selling linked to annual commodity index rebalancing, while a firmer U.S. dollar made bullion more expensive for buyers using other currencies. Traders are also eyeing key U.S. economic data that could influence monetary policy and market sentiment. Index Rebalancing Weighs on Precious Metals
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