Page 586 - Reuters%20/t%20_blank%20

Crude oil dives 3% to lowest since July on demand worry, strong dollar

Brent crude futures fell $2.95, or 3.5%, to $82.23 a barrel as of 1:41 p.m. ET (1841 GMT). U.S. West Texas Intermediate crude fell to $77.94 a barrel, down $2.88, or 3.6%

Samsung, Qualcomm flag concerns with India's push for live TV on phones

India is considering a policy to mandate equipping smartphones with hardware to receive live TV signals without the need for cellular networks

Welspun posts net profit at Rs 385 crore in Sep quarter on robust demand

Welspun, which also operates in the United States and Saudi Arabia, said its revenue from operations surged more than two-fold to Rs 4,059 crore, backed by its core steel products

Indian insurers to lead bids for Reliance's mega bond issue: Experts

The billionaire Mukesh Ambani-led company aims to raise up to 200 billion rupees ($2.40 billion) via 10-year bonds on Thursday, its first such fundraise since May 2020.

IndiGo parent's shares drop after airline warns of more groundings

The troubles come at a time when India's air travel market is rapidly growing

Rupee expected to trade near record lows despite economic growth: Experts

India's economy is expected to expand 6.3% this fiscal year, the fastest-growing major economy in the world. But the rupee is not reflecting that optimism.

As US dollar fades, emerging currencies poised for recovery in 2024: Report

After getting battered for most of 2023, emerging market (EM) currencies have made modest gains against the dollar after the Federal Reserve held interest rates steady last week.

Israel's ground forces target Hamas tunnels after encircling Gaza City

Defence Minister Yoav Gallant said Israel had "one target - Hamas terrorists in Gaza, their infrastructure, their commanders, bunkers, communications rooms"

Suriname bauxite project may attract interest from Indian, Chinese firms

The South American country hopes to have awarded a concession for bauxite - the world's main source of aluminum - by this time next year, after decades of attempts to develop the ore

Uber bets on holiday demand, Q3 revenue grows at $9.29 bn missing estimates

But CEO Dara Khosrowshahi struck an upbeat tone. "Consumer demand on our platform remains healthy as we enter the busiest period of the year," he said

Dilip Buildcon Q2 profit rises to Rs 68.63 cr on steady infra demand

Analysts said the decline in the company's order book, indicative of its project pipeline, came amid weak spending trends in road infrastructure

Airbus edges towards 2023 delivery goal after 18% increase in October

Orders so far this year have reached 1,399 aircraft or a net total of 1,334 units after cancellations, Airbus said.

US consumer watchdog proposes rules for Big Tech payments, digital wallets

The proposal marks a long-anticipated and ambitious move by CFPB Director Rohit Chopra to assert the agency's full authority over Big Tech

Accounting company PwC plans to cut around 600 jobs in UK: Report

The job cuts will be directed mainly at PwC's advisory business and a small number in the tax department, the report said

China's gasoline exports tumble; IMF upgrades GDP growth forecasts

Beijing is owed more than $1 trillion in BRI project debt, says report

Tata-owned Trent Q2 profit surges three fold, shares hit record high

Shares of Trent rose as much as 8.7% to a record high of Rs 2,427.1 after the results

Apollo Tyres Q2 profit jumps two-fold at Rs 474 cr on higher auto sales

The start of the agricultural season will increase demand for replacement tyres in FY24 by high single-digits to low double-digits, analysts said

Prestige Estates Projects posts six-fold jump in Q2 profit to Rs 851 crore

The real estate developer's consolidated net profit rose to Rs 851 crore ($102.22 million) in the quarter ended Sept. 30

Cummins India's Q2 net profit rises 23% rise at Rs 329 cr on lower costs

Cummins India's total expenses fell 5.1% to Rs 1,620 crore on lower cost of raw materials such as aluminium and steel

Shree Cement beats profit view in Jul-Sep quarter on strong infra demand

According to a Jefferies' pre-earning note, cement prices during the quarter increased ~0.5-1% at the all-India level, with the rates rising the most in the country's eastern region