Page 809 - Reuters%20/t%20_blank%20

RBI's 2013 playbook to rebuild forex reserves unlikely to work: Analysts

The FCNR deposits route might not be as effective this time around for reasons like a narrower US-IN rate spread and less aggressive rate hikes in this cycle versus back in 2013, says an analyst

Centre seeks waiver in key norm for IDBI Bank stake sale: Report

Govt has reportedly asked SEBI if it can classify the govt, LIC's remaining stake of about 34% after the sale as public float, which will help the new buyer meet the minimum public shareholding norm

Q3 results: Johnson & Johnson beats estimates on demand for cancer drug

The company said it expects some impact of inflation to ease next year but higher costs of inventory manufactured in 2022 could weigh on 2023 profit

Goldman Sachs unveils business revamp as third-quarter profit falls

Profit applicable to common shareholders fell to $2.96 bn, or $8.25 per share, in the quarter ended Sept. 30, from $5.28 bn, or $14.93 per share, a year ago

Centre examining proposal to raise tax on import of palm oil: Report

The government has also received petitions from the industry to raise the import tax to help prop up falling oilseed prices, says a source

India cotton output seen rising 12% on bigger crop area, says trade body

India is likely to produce 34.4 million bales of cotton in the 2022/23 season that started on Oct. 1, up 12% from a year ago after farmers expanded the crop area, a trade body said on Tuesday

Gold prices firm as US dollar slides; rate-hike concerns cap upside

Gold prices rose on Tuesday as a weaker dollar lifted bullion's appeal for overseas buyers, although risks from interest rate hikes by the U.S. Federal Reserve limited further gains

European stocks head higher on UK policy turnaround; yen hits fresh low

European stock indexes opened higher on Tuesday, in a revival of risk appetite which analysts attributed to the turnaround in UK fiscal policy

RBI should pause rate hikes as growth fears loom: MPC member Varma

India's central bank should pause interest rate hikes, despite unacceptably high inflation, to avoid stalling a recovery in economic growth, monetary policy committee member Jayant Varma said

Oil prices steady today on US dollar weakness; recession fears weigh

Oil prices steadied in early Asian trade as a weaker US dollar lent support

Asia stocks rise as relief rally builds after UK U-turn on fiscal policy

Asia stocks nudged higher as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the US dollar took a breather at its lowest levels in more than a week

Wall Street sees sharp gains as dollar dips on UK U-turn, strong earnings

Wall Street jumped to robust gains on Monday as solid earnings and a financial policy reversal in Britain fueled risk appetite and boosted the sterling and euro against the greenback

More US companies charging employees for job training if they quit

Nearly 10 per cent of American workers surveyed in 2020 were covered by a training repayment agreement, said the Cornell Survey Research Institute.

Goldman Sachs plans major rejig, to merge trading and banking units

The move comes as the Wall Street titan has sought to cut its reliance on volatile trading and investment banking revenues by boosting its fee-based businesses.

JPMorgan names former Reliance M&A head as India investment banking chief

Navin Wadhwani has headed M&A for oil-to-retail conglomerate Reliance for the past 10 years and was previously a senior managing director at Rothschild India

Britain in talks with British Steel and Tata to secure industry's future

Britain said on Monday it was in talks with steel makers, including British Steel, owned by China's Jingye Group, and India's Tata to help secure the industry's long-term future

ONGC eyes stake in Russian entity managing Sakhalin 1, says report

India's Oil and Natural Gas Corp plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east

Gold prices jump more than 1% as US dollar, yields pull back

Gold prices on Monday rose more than 1% after declines in the previous two sessions, as the U.S. dollar and Treasury yields faltered

Wall Street jumps as solid BofA results spark rally; Dow up 600 pts

Bank of America posts better-than-expected Q3 results; Goldman Sachs up on report of major business overhaul S&P surges 2.85%, Nasdaq 3.37%

BofA beats Q3 profit estimates on gains from higher interest rates

The second-largest US bank's consumer business reported a 12% jump in revenue, helped by higher balances and a rise in interest rates and a 9% jump in combined credit and debit card spend