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Morning Scan: All the big stories to get you started for the day

Start your day ahead of the curve with our sharp, curated morning news roundup. Get the key stories from top newspapers and stay informed about the most important developments across various sectors.

December 11, 2024 / 07:36 IST
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A roundup of top newspaper stories to keep you informed and ahead of the curve.

#1. Amazon raises export target from India to $80 billion by end of decade

US ecommerce giant Amazon has announced raising its cumulative export target from India to $80 billion by 2030 from $20 billion by 2025 in line with the firm’s commitment to Viksit Bharat (developed India), the Business Standard reported. The firm is on track to reach its previous target of $20 billion in exports by 2025 after reporting $13 billion in the current calendar year.

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Why it’s important: Amazon is not alone in boosting its sourcing from India. Rival Walmart, also based in the US, is also stepping up its India sourcing targets to $10 billion a year by 2027.

#2. Tata Trusts against Shapoorji Pallonji Group taking fresh loans against Tata Sons shares