Page 38 - Reuters

RBI likely to meet banks and dealers on Tuesday amid liquidity strain

The meeting, though without a formal agenda, is expected to focus on current market conditions, the traders said, declining to be named as they are not authorized to speak to the media

Rupee may appreciate 1-2% if US tariff outcome is favourable: Goldman Sachs

The upbeat view comes despite the currency on Monday dipping near its lifetime low of 88.80 to the US dollar

BPCL buys Upper Zakum crude to replace Russian supplies after US sanctions

The Indian refiner purchased 2 million barrels of Upper Zakum crude for loading in December

October power output sees sharpest drop since Covid as rains dampen demand

Growth in electricity use has tapered this year due to a broader economic slowdown and heavy rains, which have reduced cooling demand

Perplexity to show pictures from Getty Images in AI search results, more

Perplexity partners with Getty Images in a multi-year deal to integrate licensed visuals into its AI tools, ensuring proper attribution and copyright compliance

RBI's forward book expands after six months as it mounts rupee defence

The FX forward book reflects positions in both non-deliverable forwards (NDF) and the onshore forward markets, which had peaked in February

China's October factory growth slows as new orders weaken: PMI data

On the price side, the divergence of rising raw material prices and falling finished goods prices remains, keeping corporate profit margins under pressure

Asian stocks gain on AI optimism as dollar stays near 3-month high

Gold prices fell, edging further away from the record peak it has been at most of last month, while oil prices rose after Opec+ decided to hold off production hikes

OPEC+ set to agree on another modest increase in crude oil output targets

OPEC+ has raised output targets by more than 2.7 million barrels per day - about 2.5% of global supply - since April but slowed the pace in October and November from larger increases amid predictions

Thousands lose power supply after Russia attacks Ukraine's frontline region

As winter nears, Russia has stepped up missile and drone strikes on Ukraine's power grid, triggering outages and forcing Kyiv's emergency crews to race to repair damage and manage rolling blackouts

What did Trump, Xi agree to on tariffs, export controls, and fentanyl

The deal, which also includes resumption of Chinese purchases of American soybeans, averts Trump's threatened 100 per cent tariff on Chinese goods and extends a delicate trade truce

Trump threatens US military action in Nigeria over killing of Christians

The US government will also immediately stop all aid and assistance to Nigeria, Trump said in a post on Truth Social

Sebi likely to fine MCX over four-hour trading halt outage: Report

SEBI is concerned about the delay in identifying the cause for the trading halt and could direct MCX to improve its system capacity, the sources said

Markets log best month since March; Nifty gained 4.5% in October

The Nifty 50 and the BSE Sensex gained 4.5 per cent and 4.6 per cent in October, settling 2.1 per cent and 2.4 per cent below their all-time highs reached in September 2024

Hindustan Unilever gets ₹1,987 cr tax notice for FY21 from authorities

The company, home to brands such as Dove soap and Surf Excel detergent, said the order will have no material impact on its financials or operations and will appeal against the tax demand

Bajaj Electricals Q2 results: Profit drops 24% on JV losses, higher taxes

Shares of the company reversed course to trade 0.6% lower after the results

Indian Oil resumes Russian oil purchases from non-sanctioned entities

IOC's head of finance, Anuj Jain, has said his company will continue to buy Russian oil if the barrels are in compliance with sanctions

Asian shares set for 7th month of gains as Amazon, Apple lift sentiment

Chinese stocks lagged after a dismal reading on China's factory activity in October weighed on sentiment

Sebi bars Gretex from merchant banking for 21 days over IPO lapse

Gretex failed to verify and disclose that nearly 40 per cent of the IPO proceeds were proposed to be used as a deposit for renting an office premises that was still under construction

Toyota to launch 15 new models in India, targets 10% market share by 2030

There are likely to be at least two new SUVs from Toyota's own brand, which will be designed to take on leading SUV-makers like Mahindra & Mahindra and Hyundai Motor