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Novo Nordisk India head eyes 2026 Wegovy launch, warns against copycats

Wegovy, a weekly injection, is the most effective treatment approved for weight-loss to date at a time when global obesity rates are at a record high

FTSE Russell bond index not to include India, wk after JPMorgan's inclusion

Indian government bonds and the local currency took the news in their stride.

Sebi asks MCX to put launch of new commodity derivative platform on hold

The Securities and Exchange Board of India (Sebi) will discuss the commodity platform in its technical advisory committee meeting to be held shortly, MCX said in a statement

Social media and private partnership: Looking at the changes at Isro

The stakes are high: the $400 bn global commercial space market is expected to be worth $1 trn by 2030, but at the moment India has only a 2% share - about $8 bn - which the govt wants to change

ADB unveils capital moves to boost lending by $100 billion over a decade

ADB's move to stretch its balance sheet follows similar measures announced by the World Bank earlier this year that will yield a $50 billion increase in lending over a decade

Mubadala in talks with Temasek for stake buy in Manipal Hospitals

The fund is holding talks with Singapore's Temasek, which spent $2 billion in April to raise its stake in Manipal to 59% from 18% in the biggest hospital sector deal in India

Accenture forecasts first-quarter revenue below Wall Street estimates

Infosys halved its full-year revenue forecast in July, citing delayed decision-making on future projects from clients, while Tata Consultancy Services also flagged soft demand

Amazon wins court backing for now against EU tech rules' ad clause

Amazon took its grievance to Europe's 2nd highest court in July after EU antitrust regulators in April designated it as a VLOP along with 18 other platforms and search engines

US election: Republican rivals clash as Trump skips presidential debate

As the debate ended, no candidate appeared to have secured the sort of breakout moment that would alter the dynamics of a primary contest that Trump has dominated for months

Crude oil prices rise 3%, breach $97 a barrel on US stockpile concern

Brent crude futures closed up $2.59, or 2.8 per cent, at $96.55. It breached $97 a barrel during the session

US economy remains resilient in second quarter, labour market tight

Tight labour market conditions continue to prevail, with the number of Americans filing new claims for unemployment benefits rising slightly last week, other data showed on Thursday

India overnight rates ease but volumes plunge amid holiday change

Traders said these volumes were likely at multi-year lows

Indian EV charger maker Exicom Tele-Systems files for $48 million IPO

The company proposes to utilise the proceeds for partially financing the cost of setting up production lines at its planned manufacturing facility in Telangana

IHC to sell stake in Adani units as part of portfolio rebalancing strategy

It did not disclose the name of the buyer or the extent of the investment it was selling. Adani Green Energy and Adani Energy Solutions did not immediately reply to Reuters requests for comment

Dollar pulls back from highest level since Nov, heat still on yen, euro

The dollar index, which tracks the unit against six other majors, was down 0.3% on the day at 106.3, though it was still on track for an 11th straight week of gains

BNP Paribas upbeat on India bonds on JPMorgan inclusion, sees $20 bn inflow

The benchmark 7.18% 2033 bond yield was trading at 7.23% on Thursday, after hitting a two-month low of 7.07% last Friday in the immediate reaction to the inclusion news

Tight supply, inflation concerns keep crude oil investors on fence

By 1111 GMT, Brent crude futures were down 37 cents to $96.18 a barrel after rising to their highest level since last November earlier in the session. The November contract expires on Friday

BNP Paribas upbeat on India bonds after JPMorgan inclusion, sees 10-yr high

"The muted reaction currently is due to weak global risk appetite," Sambor, who said inflows could rise if India becomes a part of other global indices

Nearby Brent crude contract spread hits 2023 high on tight supply

Brent, which is used to price more than three-quarters of the world's traded oil, has been rising since late June, as leading producer Saudi Arabia spearheaded output cuts

ECB looks to leverage AI to better understand inflation after big misses

Joining the masses of firms already using AI, the ECB is now exploring ways to process and analyse millions of data points, including public price data, corporate statistics