Page 766 - Reuters%20/t%20_blank%20

China's Covid curbs intensify as cases surge to highest since lockdown

China reported on Friday 10,535 new locally transmitted cases for Nov. 10, the highest since April 29, when the country's commercial hub, Shanghai, was battling its most serious outbreak

Asia stocks surge as cooling inflation raises hopes that Fed will ease up

MSCI's broadest index of Asia-Pacific shares outside Japan jumped 3.72%. Australia's S&P/ASX 200 index climbed 2.43% and Japan's Nikkei rose 3%

Dollar slides, CPI data suggests Fed could slow pace of rate hikes

The data boosted other currencies against the dollar. The Japanese yen at one point climbed to its biggest single-day rise since 2008 and the British pound notched its biggest daily

Soaring wheat prices in India likely to prompt price-cooling measures: Govt

Local wheat prices jumped to a record 26,500 rupees ($324.18) a tonne on Thursday, up nearly 27% since the May ban on exports

Dollar slumps after CPI data suggests US Fed may ease interest rate hikes

"The CPI report has reinforced the sell-off momentum in the dollar," said MUFG currency strategist Lee Hardman

Biggest challenge for central bankers now to bring inflation down: IMF

"There's really a very narrow path to get things right," Gopinath said, noting that the dollar's sharp rise had important macroeconomic implications for a host of countries around the world

Indian Oil Corp buys cargo of Russia's Sokol oil through a spot deal

The source said IOC did not participate in the Rosneft tender as the Russian company was asking for prepayment

Balaji Telefilms posts smaller Q2 loss at Rs 18.47 cr, TV segment improves

Balaji Telefilms, which provides content to TV channels such as Star Plus, Colors and Zee TV, said it will focus on reducing its cash burn

Zomato Q2 results: Net loss narrows to Rs 251 crore as online orders jump

Revenue from operations rose to Rs 1,661 crore from Rs 1,024 crore

Irdai proposes allowing insurers to invest in unlisted companies

Easier access to funds would help lift the mood in a startup sector that has been hit by the global tech market rout

India in talks with other countries to export green hydrogen, official says

"We are in a position to make green hydrogen as our main source of energy in the future," Prabhat Kumar, an additional secretary of the external affairs ministry, said at an industry event.

JSW Steel expects exports to hit over 5-year low in FY23 on reduced demand

JSW Steel aims to produce 25 million tonnes of crude steel this year, up 28% from last year

Q2 roundup: Indian firms get festive boost; almost 62% post profit rise

Of the 191 companies tracked, 118 reported a rise in profit, Refinitiv data showed, with almost 90% of those logging in a rise in quarterly revenue.

Indian Rupee tipped to open tad lower ahead of US inflation data on Friday

The rupee is likely to open at 81.55-81.60, compared with 81.4350 in the previous session

Inflation likely slowed in Oct, still well above RBI target band: Report

Forecasts ranged from 6.40% to 7.35%, with three-quarters of respondents expecting a figure under 7.00%, well below the recent peak of 7.79% in April. The RBI's tolerance band is 2-6%.

Financial market regulators may rebuff EU counterpart's auditing demands

Under some recent European amendments to practices, which India has not signed up to, the ESMA is seeking rights to independently inspect clearing houses in India

Sugar mills clinch export deals within days of govt approval, says dealers

The quick shipments from the world's biggest producer of the sweetener and its second biggest exporter, could weigh on global prices, but help Indian mills in liquidating stockpiles quickly

Indian govt to sell 1.55% stake in Axis Bank via offer for sale: SUUTI

Floor price for the offer is 830.63 rupees per share, it added. The offer will be concluded over Thursday and Friday, with non-retail investors bidding on first day and retail investors on second day

Dollar advances ahead of inflation data; cryptos crumble over FTX deal

The greenback surged overnight against its peers and held to those gains in early Asia trade, pushing the Japanese yen away from a roughly two-week high hit in the previous session

Oil prices plunge 3% on US inventory build, China Covid-19 worries

Brent crude futures settled at $92.65 a barrel, shedding $2.71, or 2.8%, while U.S. West Texas Intermediate (WTI) crude futures settled at $85.83 a barrel, dropping $3.08, 3.5%