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Twitter says no plans of company-wide layoffs after Musk's acquisition

Twitter Inc clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk

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

Oil near flat as inflation concerns contend with China's quarantine ease

Oil prices were near flat on Friday, as market participants weighed concerns about steep inflation with optimism that China could see energy demand tick up

Gold set for second weekly fall as Fed hawks lift Treasury yields

Gold prices were set for a second weekly decline as US Treasury yields held near multi-year highs following strong labour market data and hawkish comments from Federal Reserve officials

Liz Truss quits as UK Prime Minister after 45 days in office

Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she could not deliver the promises she made when she was running for Conservative leader

India's top multiplex chains bank on festive season to bring cheer back

A slate of flop Bollywood movies have hit India's top cinemas hard, leaving the industry to bank heavily on the current festive quarter to revive its fortunes

Dhanlaxmi Bank's shareholders seek to curb CEO's spending powers

The shareholders seek to suspend powers exercised by CEO Shivan JK in respect of all capital and revenue expenditure, except statutory payments such as salaries and wages

Wall Street gains as upbeat corporate forecasts boost sentiment

IBM up as it sees higher full-year sales; Dow Inc jumps after beating Q3 estimates; Tesla expects to miss vehicle delivery target this year; AT&T raises annual profit forecast, Verizon gains

ITC's Q2 net profit up 21% at Rs 4,466 cr as cigarette, snacks sales rise

ITC's standalone revenue from operations rose 27% to Rs 17,160 crore in Q2FY23

Japan's yen weakens past 150 per dollar for first time since August 1990

The fragile yen briefly weakened past 150 per dollar in early European trading for the first time since August 1990. It was last trading flat a little below that level

Rupee reverses from new low to edge higher; RBI likely intervened

The rupee closed at 82.76 per U.S. dollar, against 83.0200 in the previous session

Colgate-Palmolive's India arm beats Q3 earnings estimates on price hikes

Sales increased nearly 3% to Rs 13.78 billion

Bajaj Finance beats estimates as Q2 net profit surges 88% to Rs 2,781 cr

The gross non-performing asset ratio, a measure of asset quality, eased to 1.17% at the end of September from 2.45% a year earlier

Oil rises on tight supplies, possibility of China easing Covid curbs

Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quarantine

Gold prices edge higher as dollar softens, rate-hike fears cap upside

The dollar index was down 0.1% against its rivals, making gold less expensive for other currency holders

Shoppers Stop posts net profit of Rs 18 cr in Q2; revenue jumps 59%

Shoppers Stop reported a 60% jump in its second-quarter revenue on rebounding demand for clothes and shoes even as its move to spend heavily on fresh stock ahead of the festive season pressured profit

Paracetamol maker Granules India Q2 net profit jumps 80% to Rs 145 cr

Pharmaceutical company Granules India Ltd reported an 80% surge in quarterly profit on Thursday, boosted by higher sales of painkiller drug Paracetamol

UCO Bank, Yes Bank in talks with Russia to finalise trade mechanism: Report

Indian lenders UCO Bank and Yes Bank are in talks with their Russian counterparts over a payment mechanism for trade between the two countries