Page 50 - Reuters

UK's Vertu Motors sees up to $7.4 million hit from JLR cyberattack

Vertu, which operates 10 JLR dealerships, said about 2 million pounds of the profit impact was in September, with the full-year effect hinging on when JLR restores its systems

India was net importer of finished steel in September, govt data shows

India exported 0.58 million metric tonnes of finished steel in September, up 47.6 per cent on the year, according to the data

Turkey's gas shift threatens Russia, Iran's last major European market

Russia remains Turkey's largest gas supplier, but its share of the market has fallen from more than 60 per cent two decades ago to 37 per cent in the first half of 2025

Bira in talks to raise $132 mn in record fundraising; GEM among suitors

Bira is in talks to raise $50 million via the equity route from alternative investment group GEM, and another $82 million via structured credit

US lawmakers push for broader bans on chipmaking tool sales to China

US lawmakers urge broader bans on chipmaking equipment to China after a report found $38 billion of gear bought legally last year, up 66% from 2022, highlighting export rule gaps

Russian oil traders ask Indian buyers to pay in yuan amid strong China ties

In 2023, Indian state refiners made some payments for Russian oil in yuan, but they stopped due to displeasure from the Indian government during a period of heightened tensions with Beijing

Centre to allow digital payments via biometric authentication from today

Authentications will be done using biometric data stored under the Government of India's unique identification system - Aadhar

UK PM Starmer begins India visit to boost ties after clinching trade deal

The deal between the world's fifth- and sixth-largest economies aims to increase bilateral trade by a further 25.5 billion pounds ($34 billion) by 2040

EU plans to cut steel import quotas by nearly half to preserve industry

EU steel is currently protected by safeguards that cap imports of 26 steel grades, with 25% tariffs above those limits

WTO downgrades global trade growth forecast to 0.5% for next year

Trump's tariff decisions since he took office in January have shocked financial markets and sent a wave of uncertainty through the global economy

Hamas says it's serious about Gaza deal talks, but conditions remain

In the absence of a ceasefire, Israel has pressed on with its offensive in Gaza, increasing its international isolation

Nvidia to keep sponsoring H-1B visas despite Trump's new $100K fee: Report

Trump's order bars new H-1B recipients from entering the United States unless the employer sponsoring their visa has made an additional $100,000 payment

Airbus A320 overtakes Boeing 737 to become most-delivered jetliner ever

Demand for the industry's workhorse A320 and 737 jets has surged in recent years, as economic growth led by Asia brought tens of millions of new middle-class travellers into the skies

Dell raises long-term growth forecasts on strong demand for AI servers

Dell, whose customers include Elon Musk's AI startup xAI and CoreWeave, reiterated its third-quarter and annual forecasts

India's fuel demand falls to 12-month low in Sept amid seasonal trends

Diesel consumption rose 3.2% on a monthly basis to 6.79 million tons in September for a 6.6% increase year on year

Titan reports slower jewellery sales as rising gold prices hit demand

The jewellery business, which contributes close to 90% of overall revenue, grew 19% year-on-year, the Bengaluru-based company said in its business update for the quarter ended September 30

Auro Realty plans $225 mn India bond sale to fund hotel, asset acquisition

Auro Realty's bond issue is in advanced stages and could be completed as early as this month, while private credit funds are expected to be investors, the bankers added

WeWork India's $338 million IPO fully subscribed on final day of bidding

WeWork India's IPO is seen as a test of investor appetite in the domestic co-working space, which has seen a spate of listings amid growing demand for flexible office space

States sign more coal deals to meet projected power demand surge

Uttar Pradesh, India's most populous state, and eastern Assam state, which recently withdrew incentives for clean energy projects

IKEA acquires US logistics tech company Locus in online growth push

IKEA said acquiring Locus would simplify its logistics and reduce its delivery expenses by an estimated 100 million euros ($117.41 million) a year globally