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US weekly unemployment claims unexpectedly fall 19,000 to 241,000

Initial claims for state unemployment benefits dropped 19,000 last week to a seasonally adjusted 241,000 for the week ended Oct. 12

WB president Banga bats for more bilateral debt forgiveness to poor nations

Banga said that the World Bank has already answered calls for its share of debt relief in restructurings by providing billions of dollars in additional grants

Musk's win on satellite spectrum raises prospect of price war with Ambani

The Indian government says its decision to allocate spectrum administratively to whoever applies for it is in line with global trends

Polycab India Q2 results: PAT up 3.4% at Rs 440 cr, misses expectations

Revenue from operations rose 30.4% to Rs 5,498 crore, beating analysts' estimate of Rs 4,956 crore

Checking possibility of Hamas leader Sinwar being killed in operations: IDF

Sinwar, the chief architect of the Oct. 7, 2023 attack on Israel that triggered the Gaza war, was named leader of Hamas following the assassination of former leader Ismail Haniyeh

RBI bars four non-bank lenders from issuing loans for breaching norms

The ban on Asirvad Micro Finance, Arohan Financial Services, DMI Finance and Navi Finserv is effective from the close of business on Oct. 21, the Reserve Bank of India (RBI) said

ECB cuts interest rates as expected, says well on track to tame inflation

"The incoming information on inflation shows that the disinflationary process is well on track," the ECB said in a statement

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

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