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Sri Lanka's consumer inflation hits record 73.7% in September

Annual food price inflation picked up to 85.8 per cent from 84.6 per cent in August, while prices of non-food items rose 62.8 per cent.

SBI Life Insurance posts 53% jump in profit as premiums rise in Sept qtr

India's SBI Life Insurance Co reported a 53% jump in second-quarter profit on Friday, helped by a rise in premiums and as its value of new business grew

Covid-19 variants BQ.1, BQ 1.1 make up 16.6% of cases in the US: CDC

The CDC said on Friday that BQ.1 last week was estimated to make up 5.8% of circulating variants, while BQ.1.1 had made up 3.6% of all variants

Pfizer's Covid vaccine price hike seen giving revenue boost for yrs: Report

Outside the United States, Pfizer said it already has contracts with governments in many developed markets that extend through 2023 with prices that have already been set

Wall Street jumps on hopes of smaller Fed rate hikes, reverses decline

Traders are still widely expecting a fourth 75-basis-point hike at the central bank's November meeting

Banks' loans rose 17.9% in two weeks to Oct 7, deposit up 9.6%: RBI data

Indian banks' loans rose 17.9% in the two weeks to Oct. 7 from a year earlier, while deposits rose 9.6%, the Reserve Bank of India's weekly statistical supplement showed on Friday

Jewelry distributor Quality Gold to go public via nearly $1 bn SPAC deal

The deal with Tastemaker Acquisition Corp includes proceeds of $279 million from the special purpose acquisition company's (SPAC) trust account, assuming no redemptions

Yen slides further to 151 per US dollar, pound falls on UK turmoil

The dollar gained across the board, also pushing the Swiss franc to its lowest level since May 2019

JSW Steel posts surprise quarterly loss of Rs 848 crore on price slump

Total revenue from operations rose to Rs 41,778 crore from Rs 32,503 crore a year earlier

Oil steadies as rate hike talk offsets China demand hopes, output cuts

To fight inflation, the U.S. Federal Reserve is trying to slow the economy and will keep raising its short-term rate target, Federal Reserve Bank of Philadelphia President Patrick Harker said

HDFC Life reports 19% jump in Q2 earnings as policy sales pick up

Standalone profit-after-tax was 3.26 billion Indian rupees ($39.42 million) for the quarter ended Sept.30 compared with 2.74 billion rupees, the insurer said in a regulatory filing

India rice export curbs to end a decade of price stability: Report

India's recent curbs on rice exports could trigger a rally in global prices after more than a decade of stability, traders said, as New Delhi's protectionist move coincides with falling output

Large contracts in pipeline, deal win trend intact in medium term: Mphasis

Mphasis has a reasonable proportion of large contracts in its pipeline and expects its current trend of new deal wins to continue over the medium term, a top company official said

Boris Johnson, Rishi Sunak lead race to become UK's next prime minister

Boris Johnson and former finance minister Rishi Sunak were leading the potential contenders to replace British Prime Minister Liz Truss

Oil price wavers as rate hike talk offsets fading China demand hopes

Oil prices were little changed on Friday as optimism about a possible rise in demand in China faded and the market again weighed the impact of sharp interest rate rises on energy consumption

Recession could last until 2024, says Musk after remark on China, Europe

Tesla CEO said he thinks a recession will last until the spring of 2024, after earlier saying "a recession of sorts" in China and Europe was weighing on demand for its electric cars

Indian exporters hold off dollar sales eyeing better returns, hurting rupee

Indian exporters are holding back on dollar sales on hopes of a further slide in the rupee, eyeing a windfall as the local currency plumbs record lows this year

Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

The world's top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of EVs, along with the batteries and raw materials to support that production

Indian firms to double fundraising via public bond sales in H2 FY22: Report

Indian corporates are likely to raise double the amount of funds through the public issue of bonds in the second half of this fiscal than they did in the first

Walmart-backed PhonePe in talks to raise funds at $12 bn valuation: Report

Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion