Top Headlines: Ex-FTX CEO arrested, CPI inflation eases in Nov, and more

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Sam Bankman-Fried, the disgraced co-founder and former head of digital-asset exchange FTX, was arrested in the Bahamas on Monday. India’s retail inflation rate unexpectedly decelerated to an 11-month low in November, and factory output contracted to hit a 26-month low in October. Read more on these in our morning brief of top headlines. Ex-FTX CEO Sam Bankman-Fried arrested in Bahamas as US files charges

Sam Bankman-Fried, the disgraced co-founder and former head of digital-asset exchange FTX, was arrested in the Bahamas on Monday. Bankman-Fried’s detention followed a notification from the US that it had filed criminal charges against him, the Bahamas attorney general said in a statement. Authorities in both countries had been probing his involvement in the company’s collapse last month. Read more

CPI inflation eases to 11-month low of 5.9% in November; IIP contracts

India’s retail inflation rate unexpectedly decelerated to an 11-month low in November, and factory output contracted to hit a 26-month low in October, further strengthening the case for ending the rate hike cycle by the central bank. The data released by the National Statistical Office on Monday showed that the Consumer Price Index (CPI)-based inflation rate eased below the Reserve Bank of India’s (RBI’s) upper tolerance limit of 6 per cent, to 5.88 per cent, in November. Read more

Helped by PLI scheme, Apple's India exports set to hit Rs 20,000 crore

Propelled by the central government’s production-linked incentive (PLI) scheme, Apple Inc. through its three contract manufacturers — Foxconn, Wistron, and Pegatron — is poised to export iPhones worth Rs 20,000 crore from India between April and December this year, say sources in the know. Between April and