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Forex reserves slide for fifth week to more than 2-month low at $682 bn

Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves

CCI probe finds Zomato, Swiggy breached antitrust regulations: Report

The CCI documents are not public, in line with its confidentiality rules, and were shared with Swiggy, Zomato and the complainant restaurant groups in March 2024

Incumbent WTO head Iweala lone contender for top job in Trump era 2.0

During his first term, Trump paralysed WTO's top adjudications court by blocking judge appointments - a status that continues today - and announced tariffs on U.S. imports of steel and aluminum

Dollar on track for weekly gain after Trump presidential election victory

Analysts expect Trump's policy proposals -- including more trade tariffs, a clampdown on illegal immigration, lower taxes and business deregulation -- to boost growth and inflation

US markets set for best week this year on Trump win, interest rate cut

Expectations of lower corporate taxes and looser regulations under Republican Donald Trump helped the S&P 500 and Dow notch intraday record highs for the third straight session

Crude oil prices fall more than 1% as hurricane Rafael risk recedes

Brent crude oil futures lost 93 cents, or 1.23%, to $74.70 a barrel by 1415 GMT. U.S. West Texas Intermediate (WTI) crude was down $1.05, or 1.45%, at $71.31

Ola Electric Q2 results: Loss narrows to Rs 495 crore as sales jump

The Bengaluru-based company said its consolidated loss narrowed to Rs 495 crore ($58.7 million) in the July-September quarter from Rs 524 crore a year earlieR

European banking industry braces for tougher competition under Trump 2.0

JPMorgan, Goldman Sachs and Morgan Stanley shares all soared while the STOXX Europe 600 Banks index is down more than 1% for the week

Swiggy's $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom

The IPO received bids for more than three times the shares on offer at the end of the last day of bids. The portion reserved for institutional investors was subscribed six times

US banks to gain from looser capital, merger policies under Trump admin

The President-elect's picks are likely to further dilute the contentious Basel III endgame proposal aimed at requiring big lenders to hold more capital to safeguard against soured loans

Inflation in India to rise further to 5.81% on rising food costs: Poll

Annual retail inflation as measured by the CPI likely rose a second straight month to 5.81% in October, the highest since August 2023, says Reuters poll

RIL lobbies for India satellite spectrum auction in clash with Starlink

Billionaire Ambani runs India's biggest telecom company, Reliance Jio. Analysts say a spectrum auction, requiring much more investment, would likely deter foreign rivals

India's rice inventories hit record high at 29.7 MMT, triples govt target

Rice reserves in state granaries totalled 29.7 million tons at the start of this month, up 48.5% from a year ago, said the sources who did not wish to be named in line with official rules

State Bank of India to sell Rs 10,000 cr worth of infra bonds by Nov-end

The Indian economy's projected 7.2% growth this financial year is expected to be driven by, among other things, government spending on infrastructure

LIC Q2 profit falls 3.8% on higher benefits paid, but margin expands

The net premium income rose 11.6% to 1.20 trillion rupees but the net benefits paid by the insurer to policyholders climbed 17% to 975.62 billion rupees during the quarter

Steel imports from China increases 36.7% in H1FY25, shows govt data

China exported 1.4 million metric tons of steel to India during the period, up 36.7% from a year ago

After Donald Trump's election win, many Americans research moving abroad

Late Wednesday evening on the US East Coast, Google searches about emigrating were hitting all-time highs for all three countries, according to a Google official

No winners in trade, industrial wars, says China's ambassador to US

Trump's return could revive issues from his first presidency, when he initiated a bruising trade war with the world's second-largest economy in 2018

Thailand to pursue new policies to boost, protect digital economy

The government is supporting the use of artificial intelligence to strengthen the agriculture sector and increase exports to China, she added

Indian banks' microfin loan stress to persist after new regulation: Bankers

Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said