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Oil prices steady as recession fears counter positive Chinese signals

Oil prices were steady on Monday as China's continuation of loose monetary policy was offset by fears that high inflation and energy costs could drag the global economy into recession

PVR posts wider-than-expected Q2 loss at Rs 71 cr; revenue jumps 71% YoY

Admissions and average ticket price during the quarter were impacted by the weak performance of Bollywood and Hollywood movies, PVR said in an exchange filing

Rupee in narrow trading range as RBI's intervention reins in speculation

The Indian rupee on Monday held a narrow trading range once again as the Reserve Bank of India's likely intervention last week discourages speculators

Gold firms as dollar rally pauses; looming rate-hike cap further gains

Gold prices rose after declining more than 1% in the previous session, as a pause in the dollar rally alleviated some pressure from the greenback-priced bullion

Funding environment for digital push remains strong: TCS chief executive

Funding commitments for digital push remain intact despite a challenging macro-economic environment, the chief executive of TCS

China's Xi talks up security, reiterates Covid stance as congress opens

Chinese President Xi Jinping also said that China must ensure Hong Kong is ruled by patriots and China will support Hong Kong in integrating with the mainland.

India allows exports of wheat flour processed from imported grain

India has allowed export-oriented units and the firms set up in Special Economic Zones to export flour made from imported wheat, a government order said

Everstone Capital plans to sell Burger King stake in India and Indonesia

Everstone Capital, through its investment vehicle QSR Asia Pte Ltd holds a 40.9% stake in Restaurant Brands, according to Refinitiv data

Wall Street slides as earning season starts with profit drop for big banks

Dow Jones Industrial Average was down 191.91 points, or 0.64%, at 29,846.81, the S&P 500 was down 47.10 points, or 1.28%, at 3,622.81

Oil prices dip amid recession fears, weak demand but supply cuts support

Brent crude futures were down $1.49, or 1.6%, at $93.08 a barrel at 1330 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.64, or 1.8%, to $87.47.

Dollar edges higher despite inflation, pushes yen to new 32-year low

Sterling slipped after a sharp rally on Thursday, as reports said British Prime Minister Liz Truss was preparing to sack her finance minister and carry out a major U-turn on the government's tax plans

Forex reserves rise to $532.87 bn for the first time in over two months

The country's reserves rose by $204 million from the previous week, the first increase since the week ended July 29

India pushes oil refiners to diversify imports after surprise OPEC+ cuts

As the world's third largest consumer and importer of oil, India buys about 85% of its needs from overseas, while its energy demands are set to rise to power its economic expansion

JPMorgan profit down 17% as sluggish dealmaking, loan loss reserves weigh

JPMorgan's profit for the quarter ended Sept. 30 came in at $9.74 billion, or $3.12 per share, compared with $11.69 billion, or $3.74 per share, a year earlier

India-UK free trade agreement to miss Diwali deadline, says report

Previous sticking points have included a steep import duty on British whiskey for sale in India and India's demand for more visas for Indian students and businesses.

Gold set for weekly fall on account of firm dollar, Fed rate hike fears

Spot gold was down 0.5% to $1,658.10 per ounce by 0920 GMT. Prices have fallen more than 2% so far this week.

Adani Enterprises says not evaluating plans to buy Jaiprakash cement unit

Indian billionaire Gautam Adani-led Adani Enterprises Ltd on Friday said it was not evaluating a proposal to acquire Jaiprakash Associates Ltd's cement business.

Gold heads for weekly decline as fears of hefty US interest rate hikes loom

Growing anticipation of another oversized US Federal Reserve interest rate hike kept the bullion on track for a weekly decline

Pernod Ricard India CEO Thibault Cuny steps down due to health reasons

Pernod Ricard's India head, Thibault Cuny, has stepped down from his role due to health reasons, the French spirits giant said on Friday, marking a high-profile exit at a time the company is fighting

India festival spending booms despite inflation worries, global slowdown

Online and offline sales during the Hindu festival period starting in the last week of September and lasting until early November are estimated to cross $27 billion