Page 301 - Reuters

Axis Bank Q2FY25 results: Net profit increases 18% to Rs 6,918 cr

The Mumbai-based private lender's standalone net profit - which excludes its subsidiaries - rose to Rs 6,918 crore

Foreigners unwinding Indian bond derivatives holdings draws RBI attention

Foreign investors still hold Indian government debt worth Rs 2.47 trillion-- either through FAR securities or through derivatives such as total return swaps (TRS)

TSMC bullish on outlook as AI boom drives Q3 profit past forecasts

TSMC estimated its capital spending in the current quarter would more than double to around $11.5 billion

Nokia joins Ericsson in seeing signs of recovery after mixed Q3 results

Nokia's total addressable market in telecom stands at around $84 billion

India equity option traders hunt for new playgrounds as tighter rules loom

However, traders are not expected to have a smooth transition from options trading to other segments

Nestle to restructure after it misses nine-month organic sales forecast

In July, Nestle had said it expected full-year organic sales growth of at least 3 per cent and that its UTOP margin for 2024 would grow moderately

ECB set for second straight rate cut as euro zone economy stagnates

A quarter-point cut on Thursday would lower the rate that the ECB pays on banks' deposits to 3.25 per cent and money markets almost fully price in three further reductions through next March

Rupee hovers near 84 against dollar on dip in peers, tepid local equities

Meanwhile, inflows related to Hyundai Motor India's IPO undershot market expectations, with traders pointing to muted overnight dollar-rupee swap rates that signalled muted inflows

China woes drag down French spirits maker Pernod Ricard's Q1 sales

Pernod Ricard said it was working to mitigate the impact of the Chinese anti-dumping decision on the group's performance but did not provide details

Schneider Electric to buy data centre cooling firm Motivair for $850 mn

The US is the largest market but demand for data centres is growing elsewhere too

China boosts funds for housing projects to support its embattled sector

In late September, the central bank announced measures including cuts in the minimum down payment ratio to 15 per cent for all buyers

Indian bond yields seen steady ahead of govt's $3 bn debt buyback

India is one of the largest oil importers and easing prices of crude could reduce inflationary pressures. The retail inflation accelerated to a nine-month high of 5.49 per cent in September

Meta lays off employees across units at WhatsApp, Instagram, Reality Labs

These terminations are separate from the team restructurings and took place last week

'Trump trade' boosts dollar, Asian stocks await China housing policy news

Global bonds rallied after a surprisingly large drop in British inflation and as the European Central Bank is expected to announce its first back-to-back rate cut in 13 years

Boeing plans to raise $15 billion through shares, bonds amid strike woes

The company said in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk

Boeing closes in on plans to raise $15 bn via stock, hybrid bonds

The company on Tuesday said in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk

Crude oil prices stay near 2-week low on weak demand growth forecast

Brent futures fell 13 cents, or 0.2%, to $74.12 a barrel by 11:58 a.m. EDT (1558 GMT), while U.S. West Texas Intermediate (WTI) crude fell 24 cents, or 0.3%, to $70.34

Morgan Stanley's Q3 profit beats estimates on investment banking windfall

Its investment banking revenue jumped 56% in the third quarter. Competitors Goldman Sachs had posted a 20% surge in fees, while JPMorgan Chase saw a 31% gain

Nokia in talks with Airtel for multi-billion dollar 5G contract: Report

The deal with Airtel would be for Nokia's latest AirScale mobile radios that support upgrading an existing network to 5G-Advanced and reduces energy costs

British inflation sends pound below $1.30, dollar firm on Fed outlook

The pound dropped to as low as $1.2984, dipping under the $1.30 level for the first time since Aug. 20, after data showing the rate of annual consumer price inflation dropped to 1.7 per cent in Sep