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Torrent Pharma Q2 net profit rises 24% to Rs 386 cr on strong demand

Consolidated net profit was Rs 386 crore for the quarter ended Sept. 30, compared with Rs 312 crore a year earlier

Qatar Airways CEO Al Baker to step down, Al Meer to take over role

Al Baker will be succeeded by Badr Mohammed Al Meer, currently chief operating officer of Hamad International Airport, the source familiar with the matter said

Indian govt benchmark bond yields ends higher, tracking their US peers

The 10-year benchmark bond yield closed at 7.3769%, after ending at 7.3626% in the previous session

Govt cautious of unexpected spike in sovereign bond yields: Official

"If (government bond) yields go beyond tolerance level, we will take appropriate remedial actions," the official said, without giving details

Nestle, Volvo among 130 firms urging COP28 agreement to ditch fossil fuels

"To decarbonise the global energy system, we need to ramp up clean energy as fast as we phase out the use and production of fossil fuels," they wrote

Tesla to exceed $9 bn spending target this year as it rolls out new models

The company's spending is, however, expected to return to the $7 billion and $9 billion range in the next two years, a regulatory filing showed

Benchmark 10-year US Treasury yield hits 5%, its highest-level since 2007

The combination of those higher yields and risk of a wider conflict in the Middle East soured sentiment at the start of a week full of mega-cap earnings and key data

NDTV Q2FY24 results: Net profit falls nearly 51%, revenue down 10%

Consolidated net profit was Rs 5.91 crore in the three months to Sept. 30, compared with Rs 12.01 crore a year earlier, it said in an exchange filing

Crude oil futures slip as investors watch diplomatic moves in Gaza war

Brent crude futures fell 24 cents, or 0.26%, to $91.92 a barrel, as of 0837 GMT. U.S. West Texas Intermediate crude futures were down 36 cents, or 0.41%, at $87.72 a barrel

Fiscal position solid, retail inflation to stay within target: FinMin

Retail inflation eased to a three-month low in September on the back of softer vegetable prices, but remained above a 4% target that the central bank has signalled would be key before easing rates

RBI's $5 billion swap maturity causes flutter, but no major turbulence

One of the ways a bank can do that is by accessing the overnight swap market to borrow dollars vis-a-vis the rupee. A fall in the swap rate means there is a high demand for dollars

4% inflation focus may not signal 'higher for longer' rates: MPC members

"The focus, therefore, naturally shifts to the next stage of bringing the inflation to the target level," said Varma, adding that there is no ambiguity in the eventual inflation goal of 4%

In a letter, Toyota lobbies Centre to cut hybrid car taxes as much as 21%

India taxes EVs at just 5 per cent, while the levy on hybrids is as high as 43 per cent, just below the 48 per cent imposed on petrol cars

Global billionaire tax could yield $250 billion: EU Tax Observatory

If levied, the sum would be equivalent to only 2% of the nearly $13 trillion in wealth owned by the 2,700 billionaires globally, the research group hosted at the Paris School of Economics said

Foxconn faces tax audit and land use probe, says Chinese state media

China's natural resources department also conducted on-site investigations on the land use of Foxconn enterprises in Henan and Hubei provinces

US budget gap soars to $1.7 trillion, largest outside Covid-19 era

The Treasury Department said the deficit was the largest since a covid-fueled $2.78 trillion gap in 2021

YES Bank posts 47% rise in Q2 profit helped by drop in loan-loss provisions

That was lower than analysts' average forecast of Rs 2.61 billion, according to LSEG data

Russia makes up 40% of Indian crude oil imports, dents OPEC's share

Lower purchases from the West Asia dragged the share of pec in India's overall imports to the lowest in 22 year

Miners race to realise graphite projects as China controls exports

To stay ahead in a fast-changing industry, carmakers have been investing directly in mining projects to ensure future supplies of battery inputs

China's graphite curbs will accelerate plans for alternatives, say analysts

China's decision may escalate trade disputes globally and spur other countries to prioritize research into alternative sources and materials, industry executives said