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SoftBank's venture capital fund to sell $123 million stake in Zomato

Zomato shares have gained 88.3% so far this year and closed 1.4% lower on Thursday

FPI selloff in Indian shares continues in first half of Oct: NSDL data

Equity mutual funds have seen inflows from domestic investors for 31 consecutive months, according to official data

Dollar steady ahead of Fed Chair remarks, underpinned by higher US yields

"Other majors have been more stable, even as yields continue to move higher. Maybe there is some caution ahead of Powell later in the day"

Alaska Air cuts full-year profit view as rising labour costs cast shadow

Excluding items, Alaska Air reported quarterly profit of $1.83 per share, missing analysts' average estimate of $1.87, according to LSEG data

Blackstone's Q3 profit drops 12% on weak asset sales, misses estimates

Blackstone said its net profit from asset sales fell 36% to $259.4 mn, weighed down by higher interest rates and geopolitical tensions

IGX hopes to launch contracts for LNG trading next month: CEO Mediratta

India is building a vast gas pipeline network and import facilities as Prime Minister Narendra Modi wants to raise the share of gas in the country's energy mix to 15% by 2030

Govt to issue end-to-end digital authorisation for laptop, tablets' import

The decision spells relief for global laptop makers such as Dell, HP, Apple, Samsung and Lenovo, which had been unnerved by the abrupt announcement of a licensing regime in August

RBI likely selling US dollars to defend rupee from sliding to record low

MUMBAI (Reuters) - The Reserve Bank of India is likely selling U.S. dollars again to defend the rupee and keep it from sliding to a record low, three traders told Reuters on Thursday

Coal inventories in India drop at fastest pace in 2 years, boosting imports

While India's power demand typically peaks during May, unusually dry weather and an uptick in economic activity has boosted consumption this month

Tesla misses margin estimates amid price cuts, sticks to production goal

The company said on Wednesday that upgrades made to its factories in the third quarter will help it in cutting production costs. "An industry leader needs to be a cost leader," it said in a statement

Meta to roll out broadcast channels to Facebook, Messenger after WhatsApp

Social media firms are bringing in more features to shore up engagement across apps in a highly competitive online environment

Tesla CEO Musk raises alarm on interest rates, hesitates on Mexico factory

"If interest rates remain high ... it's that much harder for people to buy the car. They simply can't afford it," he said on a conference call with analysts

Netflix raises prices after it adds new subscribers, despite strikes

Almost 9 million subscribers joined Netflix around the globe in the third quarter, surpassing Wall Street analysts' forecast for 6 million, according to LSEG

Dollar gains against euro as Fed, Middle East conflict stay in focus

The dollar is also benefiting from safe haven demand on concerns over the conflict in the Middle East

Ford Motor announces top management reshuffle as UAW strike drags on

Automakers are dealing with ongoing strikes by the United Auto Workers union that has led to total economic losses of $7.7 billion through Oct. 12

Brent hits $93 as escalating Middle East conflict heightens supply concerns

"This turn of diplomatic fortunes again garners fear of conflict spread and therefore the leap in oil," said John Evans of oil broker PVM

Suzuki eyes exporting India-made EVs to Japan as early as 2025: Report

The production line would also make gasoline-powered cars and would reach an expected capacity of 250,000 units a year, the newspaper added

PhonePe revenue soars 77% in FY23 on booming digital payments market

The company's loss before interest, taxes, depreciation and amortisation on a standalone basis widened to 17.55 billion rupees ($210.8 million) from 16.12 billion rupees a year ago

IndusInd Bank Q2 results: Net profit jumps 22% on robust growth in loans

(Reuters) -Indian private lender IndusInd Bank reported a 22.1% rise in second-quarter profit on Wednesday, helped by robust growth in loans and core lending income.

Large banks preparing for maturity of RBI's $5 billion forex swap

The $5 billion dollar/rupee swap that the Reserve Bank of India undertook in April 2022 will mature on Monday, meaning $5 billion can potentially be taken out of the banking system