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AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades. It was not immediately clear if the deal marks the French insurer's exit from the South Asian country. Meanwhile, Bharti said it was in talks with other investors to scale up the business by partnering or combining with their entities. Bharti and AXA did not immediately respond to Reuters' requests for additional information on the deal nor did they disclose the financial details.

The stock market in Asia and Europe had a contrasting day where a majority of the stock markets across the Asia-Pacific region climbed across the board while European markets had a mixed day. While South Korea's bullish rally drove Asian markets, European shares faced downward pressure from underperforming luxury stocks.

By Anirban Sen and David French

Thomson will enter the laptop market in India in the next two quarters and is also considering to export smart TVs and other products manufactured in the country to foreign markets, a company official said on Wednesday. Thomson, owned by Technicolor SA, said it is «pretty satisfied» with the quality and standards of manufacturing by its India brand licensee Super Plastronics Pvt Ltd (SPPL), which is investing Rs 300 crore to set up a fully-automated plant at Hapur in UP to increase its manufacturing capacity to 2 million TV units per annum.

Investing.com — U.S. futures edged higher Wednesday, ahead of the release of the minutes of the last Federal Reserve meeting as well as September producer prices data.

By Jorgelina do Rosario

Investing.com — European stock markets traded in a mixed fashion Wednesday, with weakness in LVMH hitting the French market ahead of the release of key U.S. inflation data.

The Times of Israel cited the Foreign Ministry which said that 84 countries expressed support for Israel. Countries like France, Germany, Italy, United Kingdom, and the United States also issued a joint statement expressing their joint support and condemned Hamas and its appalling acts of terrorism.

iOS 17.1 Beta 3 update, a new feature tweak has been introduced to address user complaints. This update will now prevent certain actions from being unintentionally triggered when an iPhone is placed in a pocket or inside a bag. Specifically, the Camera, Flashlight, Voice Memo, Focus, and Magnifier functions will no longer activate via the Action Button when the iPhone is not in an open, accessible state.

New York Stock Exchange under the “BIRK" ticker symbol. Goldman Sachs, JPMorgan Chase and Morgan Stanley are the lead underwriters for the IPO. According to a report in Bloomberg, at the IPO price, Birkenstock has a market value of $8.64 billion based on its filings with the US Securities and Exchange Commission.

By Anirban Sen and Echo Wang

space sector to cut dependence on imports and manufacture space services-related equipment locally, as is the case with the telecom sector, the minister of state for communications, Devusinh Chauhan, said. “India’s telecom sector had huge reliance on imports, but...the country is now manufacturing telecom products (locally) and preparing for the next-generation of telecom technology…,” Chauhan said at an industry event on Tuesday. “Space will also have (an indigenous) technology like this.” The minister called on industry and stakeholders to explore additional futuristic technologies that could be “worked upon” in the telecom and satellite sectors. Tata-backed Nelco, though, warned that the very survival of satellite players in India would be at stake if satellite spectrum is not priced right by the government. The company reiterated the call for satellite spectrum allotment via the administrative route, as is the global practice. “Spectrum is the satellite industry’s lifeline…unless that is really (at) the right price, it will be impossible for the industry to survive,” Nelco managing director PJ Nath said at the event.

Russia was defeated in its bid to regain a seat in the United Nations premiere human rights body by a significant majority in Tuesday's election in the General Assembly, which voted last year to suspend Moscow after its invasion of Ukraine. Russia competed against Albania and Bulgaria for two seats on the Geneva-based Human Rights Council representing the East European regional group. In the secret ballot vote, Bulgaria got 160 votes, Albania got 123 votes and Russia just 83 votes.

₹2,419 crore, with sales of ₹34,516 crore, exports of ₹7,600 crore, and over 17,753 jobs generated. In 2022, when the scheme was rolled out, the government had approved of 42 companies with investments of ₹4,115 crore to avail the scheme which offered incentives on expected sales of ₹2.45 trillion and employment for over 44,000 people over a six-year period ending FY26.

Investing.com — European stock markets rose Tuesday, with investors returning their focus to potential central bank moves while keeping an eye on the conflict in the Middle East.

EuroAPI, the pharma-ingredients firm spun off by Sanofi last year, plunged as much as 61% after cutting its guidance and saying it would embark on a strategic review.

closely monitoring the safety of its employees in Israel amid the ongoing war between Israel and Hamas. “We are monitoring, and have been in touch with the HR (human resources) officials there.

Satwiksairaj Rankireddy and Chirag Shetty secured the number one spot in the Badminton World Federation (BWF) Rankings on Tuesday, becoming the first duo from the country to reach the landmark. Following their gold medal win at the men's doubles competition at the recently concluded Asian Games in Hangzhou, 'Sat-Chi', as the duo is known to fans, made a jump of two spots to achieve the top spot. After Prakash Padukone, Saina Nehwal and Kidambi Srikanth, they are the fourth Indians to achieve the top ranking.

The ACCC’s decision to green light Origin Energy’s $18.7 billion takeover monopolised attention Tuesday, for good reason, but spare a thought for Transurban. The toll road giant’s bid for Melbourne’s EastLink motorway was blocked by the competition watchdog last month in a bombshell ruling.

Defence Minister Rajnath Singh who is on an official visit to Italy, held a meeting with his Italian counterpart Guido Crosetto in Rome and signed an agreement on Defence cooperation between India and Italy. Rajnath Singh who is on a two-nation visit to Italy and France, also held discussions on issues pertaining to defence corporation, including training, information sharing and maritime security. In a social media post on 'X', Defence Minister Rajnath Singh stated, «Had a warm and productive meeting with the Italian Defence Minister Mr Guido Crosetto in Rome.

Hamas group, killing over 1,000 people so far. “Today, we — President Macron of France, Chancellor Scholz of Germany, Prime Minister Meloni of Italy, Prime Minister Sunak of the United Kingdom, and President Biden of the United States — express our steadfast and united support to the State of Israel, and our unequivocal condemnation of Hamas and its appalling acts of terrorism," the statement read.