Page 290 - Reuters

Tata Chemicals Q2FY25 results: Net profit narrows 55% to Rs 194 cr

The chemical maker's consolidated net profit fell to Rs 194 crore ($23.1 million) for the quarter ended Sept. 30 from Rs 428 crore a year earlier

Nokia cuts 2,000 jobs in China, 350 in Europe as part of restructuring

A Nokia spokesperson confirmed the company had opened consultations relating to laying off 350 employees in Europe but declined to comment on Greater China

Tata Comm Q2 results: Revenue rises 18% to Rs 5,767 crore, expenses up 20%

The firm posted revenue of Rs 5,767 crore ($686 million) for the three months ended Sept. 30, as compared to Rs 4,873 crore a year earlier

US Prez Biden cancels another $4.5 bn student debt for over 60k borrowers

Republicans have described student loan forgiveness approach as an overreach of authority and an unfair benefit to college-educated borrowers while others receive no such relief

LIC Housing Finance accepts bids worth Rs 1,300 cr for 5-year bonds: Report

The housing finance company will pay an annual coupon of 7.57 per cent and had invited bids from bankers and investors earlier in the day

Muthoot Finance raises $400 mn by dollar bonds with 4.5 yrs maturity time

The country's largest gold finance company will pay a semi-annual coupon of 6.3750 per cent on this issue, the bankers said, adding that bids opened on Wednesday and closed earlier in the day

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