Reuters

INWIT shareholders explore financing for potential take-private deal

French private equity firm Ardian and investment ‌vehicle Oak Holdings 1, the latter ​backed by co-investors GIP, Vodafone and ​KKR, are exploring a bid to buy out minority shareholders in ​INWIT

Elon Musk vows affordable Starlink in India ahead of record Jio IPO

Cheap data is the playbook ​that built Jio in India, and the one Musk has used in ​markets like Kenya to unsettle local telecom players

Nepal urges villagers to evacuate after flood triggered by landslide

A dry landslide in Chumnubri village in Gorkha district, about 100 ‌km (62 miles) west of Kathmandu, blocked ​the Budhi Gandaki River, leading to ​downstream flooding

China's securities watchdog seeks investor ideas as stock selloff deepens

China Securities Regulatory Commission Chairman Wu Qing met with listed companies and experts from brokerage and fund management to ‌hear suggestions on improving China's capital ​markets

Nvidia in talks to deepen investment in or acquire AI startup Reflection

Talks are at an early stage ‌and deal could ​take several forms, including ​so-called acqui-hire arrangement where Nvidia would hire staff and ​license technology rather than pursue a full acquisition

Hurricane Isaias kills 4 in US, about 670,000 without power after landfall

About 420,000 customers in Florida, 190,000 in Alabama, 43,000 in Georgia and 17,000 in Mississippi had no power as of midday Saturday

US military disables cargo ship attempting to breach Iran blockade

CENTCOM said the cargo vessel had attempted ‌to transit regional waters after leaving an Iranian port

Neither Putin nor Trump wanted to hang up first, says Kremlin aide

The Kremlin said most of the conversation focused on efforts to resolve the war in Ukraine. Putin also downplayed the likelihood of three-way peace talks resuming soon

TCS withholds quarterly bonuses for senior staff after missing targets

Employees in C3A grade and above will receive no quarterly variable allowance this quarter, while junior-level staff will get 100 per cent of their eligible pay, an internal memo said

Nvidia-backed Firmus scraps $5 bn Australia IPO amid growing AI scrutiny

Nvidia-backed Firmus has scrapped its planned $5 billion Australian IPO amid investor concerns over its valuation, debt burden and ambitious AI data centre expansion plans.

China vows to curb tech investment bubbles, keep AI risks under check

China will curb tech investment bubbles, strengthen core technology breakthroughs and ensure AI remains safe and controllable, holding officials accountable for major losses caused by blind investment

American Express fined $350 mn for weak anti-money laundering system

The OCC and Federal Reserve fined American Express $350 million over anti-money laundering compliance failures, saying the lender failed to adequately report roughly $13 billion in suspicious activity

Customs withholds 1,500 tonnes of soybeans over Niger origin claims

India allows duty-free imports from countries categorised as least-developed, such as Niger

Apple cuts iPhone 18 Pro component orders by 15% amid weak demand

The iPhone maker has turned more conservative on shipments since early ‌September, with component orders for October ​being slashed by at least ​15% compared with what was originally requested

US green-card suspension poses little risk to Indian IT firms: Analysts

US' move, targeting the Permanent Labor Certification programme, is ‌part of a broad effort to reduce the number of foreign-born people in the US and curtail their pathway to residence and citizenship

OpenAI's Sep annualised revenue nears $50 billion, below earlier estimate

The company previously indicated to investors at a separate event that its revenue run rate for last ‌month was approaching $70 billion

Oil prices fall as Trump comments on Iran talks ease supply concerns

Brent crude ‌futures fell 72 cents, or 0.7%, to $103.53 a barrel by 0220 GMT. US West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.6%, to $90.97

SpaceX takes aim at US wireless carriers with spectrum acquisition

SpaceX has agreed to acquire Grain Management's nationwide 800 MHz spectrum portfolio, strengthening Starlink Mobile's push to deliver satellite connectivity directly to standard phones

Global shares slip as oil prices jumps and bond yields remain high

Wall Street's main indexes fell, with the S&P 500 down about 0.5% ​and the Nasdaq off nearly 1.3%

Meta bans TikTok advertisements on its platforms in US, six other countries

The move marks an escalation in the long-running rivalry between Meta and ByteDance, whose video-sharing app TikTok has emerged as one of Meta's most formidable competitors for user engagement