Page 266 - Reuters

Swiggy's $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom

The IPO received bids for more than three times the shares on offer at the end of the last day of bids. The portion reserved for institutional investors was subscribed six times

Thailand to pursue new policies to boost, protect digital economy

The government is supporting the use of artificial intelligence to strengthen the agriculture sector and increase exports to China, she added

Indian banks' microfin loan stress to persist after new regulation: Bankers

Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said

India bond yields inch lower after Fed rate cut pulls down US Treasury

The Fed cut interest rate by 25 basis points on Thursday, as widely expected, amid a cooling labour market, while noting that economic growth remained solid

Boeing to repay lost wages to furloughed employees, proceed with job cuts

Boeing on Monday won ratification of a contract giving its machinists a 38 per cent pay hike over four years and a $12,000 bonus, ending the strike

Explained: How Trump could influence the makeup of the Federal Reserve

Powell's term as chair expires in May 2026, and Trump will have an opportunity to install a new Fed chief then

US investment plan is unchanged after election results, says Taiwan's TSMC

TSMC, the world's largest contract chipmaker and a major supplier to companies including Apple and Nvidia , is investing $65 billion in new factories in the US state of Arizona

Oil prices fall marginally as Hurricane Rafael expected to start weakening

Hurricane Rafael, which has caused 391,214 barrels per day of US crude oil production to be shut, is expected to move slowly

Global gold ETF demand turns positive for first time this year, says WGC

The WGC, an industry body grouping global gold miners, said North American gold demand was boosted by uncertainty around the US presidential election

Rupee hits another low on rise in crude oil prices, equity selloff

Caution ahead of the US Fed meet outcome weighs on currency

Musk's backing of Trump in Prez poll likely to enrich his companies

Musk contributed at least $119 million to a pro-Trump spending group, federal records show, and tirelessly touted the former president at the critical late stage of his campaign

Qualcomm advances on smartphone market revival, Chinese handset launches

Demand has been especially positive in major market China, from which Qualcomm gets nearly half its revenue, thanks to new smartphone launches by brands such as Xiaomi, Oppo and Vivo

Trump's plan of 10% import tariff likely a point for negotiation: S&P

Tariffs are unlikely to be imposed at those levels, but were Trump to follow though, the universal 10 per cent tariff could add as much as 1.8 percentage points to US inflation

US weekly jobless claims up slightly, strong rise in unit labour costs

Though the labor market is easing, wage pressures are not showing a significant cooling, casting a shadow over the inflation and interest rate outlook

Cummins India Q2 results: PAT up at Rs 449 cr on strong demand for engines

The diesel and natural gas engine maker's consolidated profit after tax came in at Rs 449 crore ($53.3 million) for the three months ended Sept. 30, up from Rs 329 crore a year earlier

People's will prevails: Biden addresses nation for 1st time since Trump win

Some Democrats have blamed Biden, 81, for Harris' defeat, saying he should not have sought re-election

Lupin Q2FY25 results: Net profit jumps 74% to Rs 853 cr on strong demand

Consolidated net profit of the company, which makes biosimilars and active pharmaceutical ingredients, rose to Rs 853 crore (about $101 million) for the quarter ended Sept. 30

Unilever, Procter & Gamble face risk from Trump's threatened Mexico tariffs

Trump warned days before his win against Democrat nominee Kamala Harris that he would hit Mexico and China with 25 per cent tariffs unless both governments moved to stop the flow of fentanyl into US

Nissan to axe 9,000 jobs, cut production on weak China and US sales

It scrapped its net profit forecast due to ongoing restructuring efforts, which it said would reduce costs by 400 billion yen ($2.6 billion) this fiscal year

Bank of England cuts rates but sees higher inflation after Reeves' budget

In August, the bank's nine-member Monetary Policy Committee cut borrowing costs for the first time since the early days of the coronavirus pandemic in the spring of 2020