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Toyota Motor hikes annual profit forecast after Q3 beats expectations

TOKYO (Reuters) -Toyota Motor raised its full-year operating profit forecast by nearly 9% on Tuesday, after higher sales volumes and a weaker yen boosted its third-quarter results

JK Tyre and Industries Q3 results: Profit rises three-fold to Rs 221 cr

This is the fifth straight rise in quarterly profit for the company, which counts Tata Motors and Maruti Suzuki India as its customers

Paytm crackdown spooks merchants; Walmart, Google targeting same vendors

Cash was once king in India, but Paytm is credited with revolutionising India's digital payments market which is set to be worth $10 trillion by 2026

India to remain on alert for 'hot money' after bond index inclusion

The aim will be to "prevent volatility or volatile inflows" but "never" to restrict outflows, Somanathan said, adding that "all possibilities are open to keep volatility in check.

Crude oil steadies after gains, Israel-Gaza ceasefire talks in focus

Brent crude futures dipped 8 cents to $77.91 a barrel by 0914 GMT, while U.S. West Texas Intermediate crude futures fell 13 cents to $72.65. Both contracts gained nearly 1% on Monday

RBI likely to hold rates for a sixth straight meet; statement in focus

Market participants are also hoping for some relief from the RBI on the liquidity front with the system deficit having hit a record high in January

Paytm CEO Vijay Shekhar, officials meet RBI to discuss regulatory concerns

Paytm has also been seeking clarity from the RBI regarding transfer of license for the wallets business and digital highway toll payment service Fastag, the source said

China's Huawei prioritises AI chips, slows down Mate 60 phone production

Mate 60 handsets have been consistently out of stock, with would-be buyers complaining online of month-long waiting times for pre-orders to be fulfilled

NTPC plans to take green energy arm public in FY24-25, says official

The state utility also plans to add 4 to 5 gigawatts (GW) of renewable power and 3 GW of coal-fired power capacity during the same period, said the executive

Petronet to sign LNG deal with Qatar for supplies past 2028: Report

India wants to raise the share of natural gas in its energy mix to 15 per cent by 2030, up from 6.2 per cent currently, as part of an effort to cut emissions

Blinken meets Saudi crown prince amid heightened West Asia tensions

Blinken is also set to visit Egypt, Qatar and Israel this week and push to advance the Egyptian- and Qatari-mediated conversations with Hamas to achieve a hostage deal

US allies 'reassured' Biden LNG pause does not affect current exports

The U.S. is the world's top LNG exporter and Pyatt said the shipments will roughly double by the end of the decade as already approved projects ramp up

J&J's immune disorder drug succeeds in mid and late-stage studies

The drug, nipocalimab, significantly reduced symptoms of generalized myasthenia gravis (gMG) in a late-stage study, and in a mid-stage study helped reduce Sjogren's disease severity, J&J said

Citi sees opportunity in US bank stocks to 'play offense' after turmoil

In CRE, the exposure to office loans has been the primary concern for investors, but such loans only make up for 1% to 4% of the total for banks under Citi's coverage, Citi said

UniCredit 2023 results: Profit at 8.6 billion euros, stock up 10%

Shares in Italy's second-biggest bank jumped 10% to a nine-year high after the results and as it also upgraded its outlook for a year in which interest rates are expected to start declining

Tyson Foods posts better-than-expected Q1 results, beef biz swings to loss

Shares of the Springdale, Arkansas-based company rose about 3% in premarket trade at $58

Nvidia eyes fresh record as Goldman Sachs bullish on AI prospects

The stock rose 3.4% to $683.80 in premarket trading and looked set to add about $55 billion to the company's market capitalization. It was valued at $1.63 trillion as of Friday's close

Global chip sales forecast to jump 13% after rocky 2023: Industry group

The Semiconductor Industry Association (SIA) forecast a 13.1% jump in global chip sales to $595.3 billion, compared with a drop of about 8% in sales in 2023

Tata Chemicals Q3 results: Profit drops 60% to Rs 158 cr on weak demand

Soda ash, the company's largest business, suffered last year as falling caustic soda prices made it more appealing than soda ash for the silicate market, prompting it to cut prices to stay competitive

Vanguard cuts valuation of Ola Cabs by about 30% at about $1.88 billion

Ola Cabs was co-founded by Bhavish Aggarwal in 2010 and found immediate backing from marquee investors such as Softbank and Tiger Global, besides Vanguard