Reuters%20/t%20_blank

Failte-Sigenergy JV to build inverter, battery storage plants in India

The company also plans to set up a research and development centre focused on battery energy storage systems in ​India

GLP-1 boom in India, China, Brazil can create $22 bn market: JP Morgan

The addressable ​market could grow at an annual rate of 15% through 2035, JP Morgan ‌analysts led by Yang Huang said in a note on Friday, given the countries' large diabetes and obesity burdens

Dr Reddy's launches new generic Ozempic brands amid Obeda supply disruption

Obeda Pro and ​Obeda Plus are made by a different manufacturer than the original Obeda injectable, supplies of which were ‌halted in July after Dr Reddy's discovered an impurity in active ingredients

SBI Card Q2 profit rises 75% to ₹778 crore as asset quality improves

SBI Card's profit after tax rose to Rs 778 crore in the September quarter as gross NPAs fell to 1.90% and loan loss provisions declined 36.6% year-on-year

Trump says Musk restored Ukraine's Starlink access, dodges call question

Ukraine uses Starlink for battlefield communications and drone operations. Restricting the satellite service ​hampered the country's attack and air defence drone missions against Russia

Microsoft develops AI tool that can diagnose 'sequentially' like doctor

A Microsoft AI tool that mimics doctors' step-by-step diagnostic process outperformed general physicians on complex medical cases and emergency room scenarios

Asian shares slip as tech rout boosts bonds, dents rate hike bets

MSCI's broadest index of Asia-Pacific shares excluding Japan fell 0.3% on Friday, bringing its weekly loss to 2.7% and marking a fourth straight week in the red

Oil little changed as supply concern lingers amid Houthi attacks on Saudi

Brent crude ‌futures was down 21 cents, or 0.2%, at $112.96 a barrel as of 0030 GMT, while US West Texas Intermediate crude was down 27 cents, or 0.3%, at $98.12

Russia, Ukraine exchange strikes despite renewed US push for peace

Russia and Ukraine exchanged missile and drone attacks despite renewed US-led peace efforts, with both sides signalling possible talks in November amid differences over territorial demands.

Barclays to cut 5,000 jobs in AI-led cost drive as Q3 profit rises 12%

Barclays plans to cut around 5,000 jobs, or 5% of its workforce, this year as it uses AI to reduce costs, even as third-quarter profit rose 12% to £2.3 billion.

eMudhra to exit global SSL/TLS certificate business after security flaws

eMudhra said it would voluntarily exit the global SSL/TLS certificate business after vulnerabilities were found in its certificates, raising concerns over digital security.

India permits 6,500 tonnes of silver imports despite weak demand

India has permitted imports of around 6,500 metric tons of silver over six months despite weak domestic demand, a move expected to ease local premiums while supporting global prices.

HPCL Q2 profit falls 9% to ₹3,483 cr on higher costs, tax expenses

HPCL's Q2 net profit fell 9% to ₹3,483 crore as higher crude oil prices and tax expenses squeezed margins, despite a 26.2% rise in product sales to ₹1.39 trillion.

Sun Pharma accepts bids worth ₹7,816 crore for two five-year bonds

Sun Pharma has accepted bids worth ₹7,816 crore for two bond tranches maturing in five years and one day, offering annual coupons of 8.05% and 8.20%, merchant bankers said.

Nippon Life India AMC gets Sebi nod to settle Yes Bank AT-1 bond case

Nippon Life India AMC received in-principle regulatory approval to settle the Yes Bank AT-1 bond case after paying ₹96.76 crore, while its September-quarter net profit fell nearly 6%.

Oil prices rise over $2 as Houthi attacks in Saudi Arabia fuel supply fears

Brent crude rose 1.2% to $110.11 a barrel and US WTI gained 1% to $98.12 after Houthi attacks in Saudi Arabia killed three people and prompted Washington to order some diplomats' families to leave

India's West Asia oil imports hit pre-war levels; Russian crude falls

India's West Asia crude imports rose to 2.8 mn barrels per day in September, accounting for 54% of purchases, while Russian oil imports fell 14% month-on-month to 1.8 million bpd, ship data showed

Jio Platforms IPO: Retail quota full, subscribed 3.47 times on day two

The $3.2 billion IPO drew bids for 3.47 times the shares on offer on its second day, led by qualified institutional buyers whose quota was subscribed 9.42 times, exchange data showed

Coal supply to power plants to normalise soon as India ramps up deliveries

India is supplying a record 2.6 million tonnes of coal daily to power plants, but 96 plants had stocks for less than three days as of October 19 amid weather disruptions and rising electricity demand

Asian markets slip, led by South Korea, despite upbeat US tech earnings

MSCI's Asia-Pacific index outside Japan fell 0.2%, while South Korean shares dropped over 1%. Concerns over AI spending and Gulf tensions offset stronger-than-expected US technology earnings