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Lufthansa upbeat on travel demand, posts adjusted EBIT at $1.56 bn in Q3

Lufthansa shares were set for their biggest daily gain since June 2022, according to Eikon data, in the wake of the earnings announcement

Moderna tempers 2023 Covid vaccine sales forecast on weaker demand

Analysts estimate over $100 million in sales for each of Moderna's new vaccines against RSV and flu, which also has yet to be approved, in 2024, according to LSEG data

Berger Paints India net profit rises 33% at Rs 292 cr, misses estimates

Raw material costs, which account more than 60% of the total expenses, fell nearly 6%, but lower revenue growth impacted profits at India's second-biggest paint company by revenue

Adani Power Q2 result: Profit soars 10-fold to Rs 6,594 cr on demand surge

The company's consolidated net profit climbed to 65.94 billion rupees ($792.3 million) in the quarter, helped in part by a tax gain of 13.71 billion rupees

Changes to insolvency law on leased aircraft to apply retrospectively: DGCA

The clarification of India's recent amendment to its insolvency law potentially paves the way for lessors of bankrupt budget carrier Go First to take back their planes

Brazil negotiates for tariff-free quota to export cotton to India

The association said in the note that a team of government officials and Brazilian cotton farmers is visiting India this week, seeking to seal a deal to have that quota implemented

US Fed leaves rates unchanged at 5.25%-5.50%, says economy is strong

''Economic activity expanded at a strong pace in the third quarter," the U.S. central bank said in a policy statement after a two-day meeting

ED attaches Rs 538 cr assets of Jet founder Goyal, others in London, Dubai

Goyal has been in judicial custody since September when the ED arrested him in relation to the money laundering that was filed by state lender Canara Bank in May

LIC Housing Finance Q2 results: Net PAT more than triples to Rs 1,188 cr

LIC Housing's net interest income jumped 83% to Rs 2,107 crore in the quarter

India may buy Venezuelan crude oil if it's cheap, says Hardeep Singh Puri

India, the world's third biggest oil importer and consumer, ships over 80% of its oil needs from overseas and wants to cut its crude import bill

Kansai Nerolac Q2 results: Profit rises 56% to Rs 177 cr on lower expenses

The company, owned by Japan's Kansai Paint Co, said its consolidated net profit rose 56% to Rs 177 crore ($21.26 million) for the three months ended Sept. 30

Crude oil rises over 2% of US Fed meet as West Asia conflict rages

Brent January crude futures were up about 2.5%, or $2.08, to $87.10 a barrel by 1316 GMT. U.S. West Texas Intermediate crude futures gained roughly 2.8%, or $2.24, to $83.26 a barrel

Two-wheeler wholesales inch closer to pre-pandemic volumes in Oct: Report

Hero said it was optimistic about demand due to its premium model launches and the onset of the festive season

Relaxo Footwears Q2 profit nearly doubles at 97.3% on solid demand

The growth in topline came after the demand for its branded products remained strong despite prices being hiked to cushion the impact of higher costs

Investors kick off November on caution ahead of US Federal reserve policy

MSCI's index tracking EM stocks was unchanged, while a basket of developing markets currencies edged down 0.1% by 0902 GMT

Govt may extend curbs on rice exports as output expected to drop: Report

Despite export restrictions, local rice prices remain almost 15% higher than a year ago

Pakistan's October consumer inflation declines to 26.9%: Statistics Bureau

This brings the average inflation rate for the fiscal year (July-Oct) to 28.48%, against the target of 21% for the current fiscal year. Inflation has been in double digits since November 2021

China's factory activity 'unexpectedly' contracts in October: Caixin PMI

The Caixin/S&P Global manufacturing PMI fell to 49.5 in October from 50.6 in September, marking the first contraction since July and missing analysts' forecasts of 50.8 by a large margin

India braces for 8% sugar output dip as sugarcane crop suffers: Trade body

The trade body did not provide an estimate for net sugar production after the diversion of sucrose for ethanol production, but it stated that the output would exceed the country's annual consumption

In Pakistan, steep natural gas price hike ahead of review by IMF

An IMF team is scheduled to arrive this week to review benchmarks set for the $3 billion stand-by arrangement it agreed in July