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Power Ministry asks utilities to import 6% of their coal until March

In a letter dated Wednesday and seen by Reuters on Saturday, the ministry asked the companies to blend the imported coal with domestic coal to maintain stocks amid higher consumption

Exxon posts sharply lower $9.1 bn profit on lower oil, gas prices

Exxon's oil and gas pumping business was hurt by a 60% drop in natural gas prices compared with a year ago

Intel beats expectations as margins rise, manufacturing momentum builds

The company expects fourth-quarter adjusted profit per share of about 44 cents, above analysts' estimate of 32 cents

Huawei Technologies reports modest revenue growth for first three quarters

For the third quarter, revenue rose 1.5% to 145.7 billion yuan, according to Reuters calculations

Summer sown rice output expected at more than 100 MT in 2023-24: Report

The ministry said it expects output of summer-sown pulses for the period at 7.1 million tonnes, lower than the previous year due to climatic conditions

FTSE 100 closes 0.9% lower, logs weekly loss as lacklustre results weigh

The banks index shed 2.3% and ended the week 5.4% lower.

Sebi's instant trade settlement plan faces foreign investor pushback

The concerns were raised in a meeting earlier this month, the people told Reuters, and have not been previously reported

Oil prices rise 1% after paring earlier gains on mixed Middle East reports

Israeli forces carried out their biggest Gaza ground attack in their 20-day war with Hamas overnight

UAE will not host next year's COP29 climate talks, says official

The UAE has not been asked and has no intention of hosting COP29," Majid Al Suwaidi, director general of the COP28 summit said

JPMorgan chief Dimon to sell some of his own company stock for first tim

The sale is not related to leadership succession, a company spokesman said. Dimon is not currently planning to sell more stock, but could consider doing so in the future, the spokesman added

Federal Reserve expected to leave benchmark interest rate unchanged

Fed Chair Jerome Powell has said the pieces of the low-inflation "puzzle" may be aligning, though the central bank hasn't declared its inflation fight over

Amazon rallies on cloud recovery as it chases Microsoft for AI business

Amazon shares have rallied about 40% this year, but they have lost nearly 8% in the past two days after Alphabet warned that cloud customers were curbing spending

RIL Q2 results: Net profit rises 27.4% to Rs 17,394 crore on energy boost

Reliance misses profit view as crude drop hurts mainstay business

Nasdaq, S&P 500 edge higher as Amazon, Intel lift beaten-down megacaps

Core inflation which excludes volatile food and energy components rose 0.3%, meeting estimates

Sanofi loses $21 bn in market value after dropping 2025 profit target

Sanofi shares trade at a 12 month forward price-to-earnings ratio of 11, a discount to AstraZeneca's 16 and global pharma index of 17, according to LSEG data

Realty advisor CBRE cuts profit forecast as high rates hurt property market

"Commercial real estate capital markets remained under significant pressure in the third quarter," CEO Bob Sulentic said in a statement

India's forex reserves resume losing streak, fall to $583.53 billion

The RBI intervenes in both the spot and forwards markets to prevent runaway moves in the rupee

Reliance Jio Infocomm Q2 results: Net profit rises 12% to Rs 5,058 crore

Reliance Jio Infocomm posts smallest profit rise in seven quarters

Schaeffler's India unit Q2 profit rises 8% to Rs 233 cr on robust demand

Still, the poor monsoons earlier in the quarter had made commercial vehicles such as tractors less affordable for India's rural population, they said

SBI Life Insurance Q2 PAT flat at Rs 380 crore as higher expenses weigh

Net premium income rose 21.7% to Rs 20,050 crore from Rs 16,477 crore, while expenses surged 22.1%, mainly due to higher commissions and rewards during the quarter