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BlackRock clients pull $13 billion from long term investment funds

Adjusted net income rose 13% from a year earlier to $1.6 billion, or $10.91 a share, beating Wall Street's average estimate of $8.20. Revenue rose 5% to $4.5 billion

State-run banks to lower bond purchases as liquidity tightens: Officials

Bond yields have spiked since Oct. 6, when the central bank said it will keep monetary policy restrictive and sell bonds to manage banking system liquidity. Bond prices move inversely to yields

JPMorgan profit rises on interest income boost, First Republic purchase

Shares of the bank fell 0.7% in premarket trading

Gold set to mark best week in 7 months as markets price in end of Fed hikes

Spot gold rose nearly 1% to $1,886.40 per ounce by 0932 GMT. U.S. gold futures added 0.9% to $1,899.20

Waning demand for IT services hits hiring at majors Indian tech companies

Tata Consultancy Services, Infosys and HCLTech have seen employee headcount reducing in the second quarter as they reported weak results

IndiGo co-founder Gangwal in talks to buy 'sizable' stake in SpiceJet

IndiGo shares were up 0.9% in afternoon trading on Friday

India will not impose restrictions on laptop imports: Trade secy Barthwal

"India will not impose restrictions on laptop imports," Trade Secretary Sunil Barthwal told a press conference on Friday

HDFC Life Insurance Q2 profit rises 15.5% on strong premium growth

The Mumbai-based insurer's profit after tax rose to 3.77 billion rupees ($45.30 million) for the quarter ended Sept. 30, from 3.26 billion rupees a year ago, it said in an exchange filing

OpenAI plans major updates to lure developers with lower costs: Reports

These releases are designed to attract more developers to pay to access OpenAI's model to build their own AI software for a variety of uses, such as writing assistants or customer service bots.

Russia will never be seen as reliable energy supplier: US energy official

Russia has played down the impact of Western sanctions, saying they are used by the United States to eliminate Moscow as a competitor in global energy supplies

Growing tanker fleet, cheaper freight challenges Russia price cap: Analysis

The sanctions do not apply to shipping companies or insurers from other countries, regardless of the price

Risk of Indian banks' unsecured retail loans turning sour is rising: UBS

UBS has turned "neutral" on the banking sector and sees a higher probability of regulatory tightening on unsecured loans

RBI likely selling US dollars to keep rupee off record low: Traders

"It's the same story. The RBI is there, like it is there on most days," a spot trader at a private sector bank said

WTO chief warns of 'big impact' on trade if Israel-Hamas conflict widens

"Everybody's on eggshells and hoping for the best," she said

Govt seeks 'corrective action' from cough syrup firm linked to Uzbek deaths

That report will have to be verified by a team of inspectors from federal and state regulators, he said in the statement

1MDB corruption scandal: Goldman Sachs sues Malaysia in a UK court

The arbitration has been filed with the London Court of International Arbitration, a source told Reuters. The lawsuit was earlier reported by Bloomberg News

Microsoft says US IRS has asked for $28.9 billion in audit dispute

Microsoft said it believes that any taxes owed after the audit would be reduced by up to $10 billion based on tax laws passed by former President Donald Trump

RBI likely to complete vetting bidders for IDBI Bank by October-end

The RBI normally takes about 12-18 months to complete the assessment before allowing an entity to run a bank

Euro zone govt bond yields rise as US CPI keeps rate hike in play

The U.S. 10-year Treasury yield - which sets the tone for other bond yields around the world - has dropped around 28 bps since surging to a 16-year high of 4.887% last week

Google to defend GenAI users from copyright claims in workspace platforms

The company also said the indemnity does not apply if users "intentionally create or use generated output to infringe the rights of others"