Page 790 - Reuters

Adani Ports SEZ Sept quarter profit jumps 62% as cargo volumes surge

Adani Ports and Special Economic Zone, India's largest private operator of ports, reported a 69% surge in quarterly profit on Tuesday, driven by strong cargo volumes.

India allows rice exports backed by already issued letters of credit

The surprise move trapped nearly 1 million tonnes of rice at ports or which had been in transit before the government made the announcement

Dollar drops as optimism spreads before Fed and BoE decisions

The Fed is widely expected to raise its benchmark rate by 75 basis points (bps) on Wednesday, its fourth such increase in a row

Whirlpool's India unit reports 39% drop in Q2 profit as costs increase

Whirlpool's profit before exceptional items, its share of profit from joint ventures, and tax slid to 669.9 million Indian rupees

Nykaa posts surge of 4.5% in Q2 profit on strong festive season demand

Nykaa's gross merchandise value, or the monetary value of orders across its platforms, jumped 45% to 23.46 billion rupees

RBI's MPC to meet on Nov 3 to discuss first inflation target miss

The special MPC meeting is being held for the first time since the MPC was set up in 2016 because the committee failed to keep retail inflation within the 2-6% target band for 3 consecutive quarters

State-run telcos MTNL, BSNL line up $2.34 billion debt sales via bonds

Mahanagar Telephone Nigam Ltd and Bharat Sanchar Nigam Ltd intend to raise an aggregate of 193.56 billion Indian rupees through government-guaranteed bonds, the bankers said

Pepsi India bottler beats profit estimates on beverage price hikes

Profit grew by 59% to 3.81 billion Indian rupees ($46.1 million) in the three months ended Sept. 30

Toyota reports 25% drop in Q2 profit, misses estimates amid soaring costs

TOKYO (Reuters) -Toyota Motor Corp on Tuesday posted a 25% drop in second-quarter operating profit, as soaring parts and materials costs outweighed a boost in overseas revenue from the plunging yen

India's Manufacturing PMI rises to 55.3 in October, hiring at 33-mth high

Unlike some other economies, India has shown better resiliency to persistently-high inflation and a sinking currency against the US dollar since the start of this year

Asia's factory output weakens on global slowdown, China Covid-19 curbs

Asia is extremely reliant on China. Its zero-COVID policy continues to disrupt supply chains and keep Chinese travelers from returning to Asian tourist destinations. It's also hurting region's exports

Rupee likely to open flat amid more losses in yuan, focus on Fed meeting

The rupee is expected at open around 82.76-82.82, compared with 82.7800 in the previous session. The local unit witnesses a late selloff on Monday

Oil prices edge lower as China's extensive Covid-19 curbs dampen demand

Brent crude for January delivery was down 4 cents at $92.77 a barrel at 0112 GMT. The December contract expired on Monday at $94.83 a barrel, down 1%

Asia stocks edge up in early trade as investors eye Fed rate decision

Early in the Asian trading day, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7%. U.S. stock futures rose 0.2%

First fully solar village of Modhera lights up the lives of poor residents

"Electricity has helped us to save time and produce more products," Prajapati said

India's gold demand declines as inflation depresses rural demand

Falling demand for gold imports could also help to narrow India's trade deficit and support the rupee

India's top seller Appario to stop selling on platform, says Amazon

Amazon, which has maintained it does not give preferential treatment to any seller and complies with all laws, agreed to end its relationship with Cloudtail in August last year

OPEC raises long-term oil demand view, calls for over $12 trn investment

OPEC also raised its demand forecasts for the medium term to2027, saying the figure is up by almost 2 million bpd by the endof the period from last year

Oil prices fall on back of US output gains, Chinese demand doubts

Oil output in the United States climbed to nearly 12 million barrels per day in August, the highest since the onset of the Covid-19 pandemic, monthly government data showed

China's Covid-19 restrictions hit iPhone output, shut Shanghai Disney

iPhone production at the plant could drop as much as 30 per cent in November