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4% inflation focus may not signal 'higher for longer' rates: MPC members

"The focus, therefore, naturally shifts to the next stage of bringing the inflation to the target level," said Varma, adding that there is no ambiguity in the eventual inflation goal of 4%

In a letter, Toyota lobbies Centre to cut hybrid car taxes as much as 21%

India taxes EVs at just 5 per cent, while the levy on hybrids is as high as 43 per cent, just below the 48 per cent imposed on petrol cars

Global billionaire tax could yield $250 billion: EU Tax Observatory

If levied, the sum would be equivalent to only 2% of the nearly $13 trillion in wealth owned by the 2,700 billionaires globally, the research group hosted at the Paris School of Economics said

Foxconn faces tax audit and land use probe, says Chinese state media

China's natural resources department also conducted on-site investigations on the land use of Foxconn enterprises in Henan and Hubei provinces

US budget gap soars to $1.7 trillion, largest outside Covid-19 era

The Treasury Department said the deficit was the largest since a covid-fueled $2.78 trillion gap in 2021

YES Bank posts 47% rise in Q2 profit helped by drop in loan-loss provisions

That was lower than analysts' average forecast of Rs 2.61 billion, according to LSEG data

JSW Energy Q2 profit jumps 83% to Rs 850 crore on power demand surge

The company, part of billionaire Sajjan Jindal-led JSW Group, saw its consolidated net profit rise to Rs 850 crore in the quarter ending Sept. 30, compared with Rs 466 crore a year ago

Russia makes up 40% of Indian crude oil imports, dents OPEC's share

Lower purchases from the West Asia dragged the share of pec in India's overall imports to the lowest in 22 year

Miners race to realise graphite projects as China controls exports

To stay ahead in a fast-changing industry, carmakers have been investing directly in mining projects to ensure future supplies of battery inputs

China's graphite curbs will accelerate plans for alternatives, say analysts

China's decision may escalate trade disputes globally and spur other countries to prioritize research into alternative sources and materials, industry executives said

US veto at UN to shield Israel could compromise its Ukraine rallying cry

US Ambassador Linda Thomas-Greenfield justified Wednesday's veto by telling the council more time was needed for diplomacy

At or near peak for interest rate target: US Federal Reserve's Mester

Mester noted Fed forecasts released at the September meeting eyed another increase in what is currently a federal funds target rate range of between 5.25% and 5.5% by the end of the year

Tensions high in occupied West Bank as Israel fears 'third front'

More than 80 Palestinians have been killed in West Bank violence since October 7 and Israel has arre­sted more than 900 people

EU wants free trade deal with India for 'real' mkt access: Spain's Minister

"There is an enormous interest from the member states, but only if there will be an access to the real market, without which the deal would be emptied"

Paytm Q2 results: Loss narrows as revenue jumps 32% on strong loan growth

Paytm, one of the country's first startups to go public, said revenue increased 32% to Rs 2,519 crore in the second quarter, from Rs 1,914 crore a year earlier

Bitcoin hits two-month high above $30,000 in volatile trading week

Bitcoin, the largest cryptocurrency by circulation, climbed as high as $30,022, its highest since July 23. It was last up 4% on the day

RBI to conduct open market bond sales to absorb durable liquidity

Core liquidity surplus includes the government's cash balances held with the central bank

Rupee logs best day in 3 weeks on likely 'aggressive' RBI intervention

"Any uptick on the rupee is likely to be short-lived with importers stepping in"

Kajaria Ceramics Q2 results: Net profit rises 54.5% to Rs 108 crore

The company had in May projected revenue growth of 14-16% for this fiscal year

Glenmark Life Sciences posts Q2 results, profit up on back of API boost

The Mumbai-based drugmaker said its profit rose to Rs 113 crore ($14.3 million) for the quarter ended Sept. 30, from Rs 107 crore year earlier