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Adidas lifts revenue guidance, forecasts smaller 2023 operating loss

The German company said it now expects an operating loss for 2023 of around 100 million euros ($106 million), from a previously expected 450 million euros

Govt cuts windfall tax on petroleum crude, will be effective from Oct 18

The government also cut windfall tax on aviation turbine fuel to 1 rupee per litre from 3.50 rupees per litre and reduced windfall tax on diesel to 4 rupees per litre from 5 rupees per litre

BofA profit up on higher interest income, surprise investment banking gain

The second-largest U.S. bank on Tuesday posted net income of $7.27 billion, or 91 cents per share, in the three months ended Sept. 30. It rose from $6.58 billion, or 81 cents per share, a year earlier

Goldman Sachs profit plunges to $2.06 billion on impact from fintech sale

The Wall Street giant reported net profit of $2.06 billion, or $5.47 per share, for the three months ended Sept. 30, it said on Tuesday

China tells banks to roll over local government debts as risks mount

Local government debt reached 92 trillion yuan ($12.58 trillion), or 76% of the country's economic output in 2022, up from 62.2% in 2019

Russian oil freight rates jump by 50% as US boosts scrutiny of price cap

G7 imposed sanctions in last Dec prohibiting shippers or insurers domiciled in member countries from offering services to facilitate Russian oil exports when the price is above $60 a barrel

CIE Automotive India results: Profit up 11%, revenue low in Europe segment

Weak demand for cars in CIE's key Europe market, which analysts say brings higher margins, also saw overall revenue rise just 2.2% - its slowest growth in five quarters

KKR-backed Avendus to tap tech investment banking deals in Southeast Asia

Majority owned by KKR, Avendus is best known in India for advising large startups such as SoftBank-backed food delivery firm Swiggy and eyewear retailer Lenskart on their fund raising

Govt to sell up to 7% stake in HUDCO through an offer for sale this week

The plan includes selling 3.5% of the company, with an option to sell an additional 3.5% if the offer is oversubscribed

L&T Tech trims FY revenue growth guidance; Q2 profit up 4.7% to Rs 315 cr

The unit of engineering conglomerate Larsen and Toubro now expects revenue in dollars for this fiscal year ending March to grow 17.5%-18.5% in constant currency

Lockheed revenue up on sustained weapons demand amid geopolitical tensions

The ongoing war in Ukraine has prompted restocking arms and ammunition such as shoulder-fired missiles, artillery and other weaponry, providing U.S. defense companies with lucrative Pentagon contracts

Bajaj Finance Q2 results: Consolidated PAT rises 28% to Rs 3,551 crore

Loan losses and provisions grew nearly 47% year-on-year in the quarter to Rs 1,077 crore, up from Rs 734 crore a year ago

Indian wheat prices at 8-month high on festival demand, tight supply

Wheat prices in New Delhi jumped by 1.6% on Tuesday to 27,390 rupees ($329) per metric ton, the highest since Feb. 10. Prices have surged by nearly 22% over the past six months

Coal India, GAIL, RCF to partner to invest $372 mn in fertiliser JV

Coal India will need a federal cabinet nod for the infusion as the company has hit its investment ceiling, the sources said, adding that the cabinet is likely to take a call in the coming weeks

Tesla to recall nearly 55,000 Model X vehicles, says auto regulator

Tesla has released an over-the-air (OTA) software update, free of charge, to fix the issue, the National Highway and Traffic Safety Administration (NHSTA) said

JPMorgan index-bound Indian bonds lure foreigners, but flows to start later

"This pace, however, may not sustain at least in the immediate future as globally investors will eye developments in the Middle East conflict and what impact it could have on oil prices"

India's top regulators investigating alternate investment funds: Report

The sources declined to be identified because they are not authorised to speak to the media. Sebi and RBI did not respond to requests for comment

Jio Financial set to launch suite of loan products to expand footprint

JFS plans to launch auto, home loans and other products, as the billionaire Mukesh Ambani-backed company seeks to establish itself as a full-service financial services firm in a rapidly growing market

Maruti to pay $1.54 billion in stock to Suzuki Motor for local plant

Maruti will issue 12.3 million preference shares at Rs 10,420.85 each, which is a 2.7 per cent discount to the stock's closing price on Monday. The stock dropped 0.6 per cent on the day

Putin visits 'dear friend Xi Jinping' in show of no-limits partnership

It is also the Kremlin chief's first official trip outside of the former Soviet Union this year, after visiting Kyrgyzstan, a former Soviet republic, earlier this month