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Oil India's Q2 profit drops 80% to Rs 2,363 cr by litigation charge

Oil India took on charges related to an ongoing litigation over a service tax demand raised in the states of Assam, Arunachal Pradesh and Rajasthan

Apple co-founder Steve Wozniak hospitalised in Mexico City, say reports

Event organizers did not immediately respond to a request for comment. Wozniak had been set to speak at the conference at 4:20 p.m. local time

Renault cuts Nissan stake to 15% from about 43%; now on equal footing

"This next chapter of the alliance will build on the foundations of the longstanding partnership and will maximise value creation for each alliance member," the statement said

WeWork appeals to landlords for lease adjustments amid bankruptcy

WeWork managed to renegotiate 590 leases before filing for bankruptcy, saving about $12.7 billion in future rent payments

Airbus raises A350 output goal as Q3 profits jump 21% at $1.08 bn

Airbus said it was seeing strong demand in commercial aircraft, including a continuing rebound in big jets like the A350, but expected the supply chain to remain "challenging"

Piyush Goyal to meet Tesla's Musk amid market entry talks: Report

Tesla and India have been in talks for several months with the US carmaker open to setting up a factory but also keen to get lower import taxes for some of its high-end vehicles

Oil sputters to three-month lows as demand concerns mount in US, China

Brent crude futures fell $1.68, or 2%, to $79.93 a barrel by 11:00 am EST (1600 GMT). US crude lost $1.78, or 2.3%, to $75.59. Both benchmarks hit their lowest since late July

Burger King India posts narrower Q2 loss at Rs 46.03 cr on store expansion

Even so, same-store sales growth, a barometer of customer retention, at Indian Burger King restaurants slowed to 3.5% from 27% a year earlier

Energy stocks boost India's blue-chips; financials and IT caps gain

Small- and mid-caps have gained 37% and 28% in 2023 so far, compared to 7.4% rise in the Nifty

Samsung, Qualcomm flag concerns with India's push for live TV on phones

India is considering a policy to mandate equipping smartphones with hardware to receive live TV signals without the need for cellular networks

Landmark Cars posts about 21% rise in Sep qtr profit on lower costs

The auto reseller, which was listed last December, said total expenses fell nearly 9% to Rs 755 cr. A fall in the purchase of cars and spares, which constitute the bulk of costs, pushed expenses down

Brigade Enterprises Q2 profit jumps 72% on strong housing demand

Revenue from real estate, its largest unit, rose 70% to Rs 1,034 crore

Russian oil saves India's import costs by about $2.7 bn: Govt data

Unlike China, India doesn't buy Venezuelan and Iranian oil

India's November rice stocks at state warehouses around double target

Coupled with the new season crop that has started trickling into the market, the surplus indicates comfortable supplies for the domestic market

Welspun posts net profit at Rs 385 crore in Sep quarter on robust demand

Welspun, which also operates in the United States and Saudi Arabia, said its revenue from operations surged more than two-fold to Rs 4,059 crore, backed by its core steel products

Indian insurers to lead bids for Reliance's mega bond issue: Experts

The billionaire Mukesh Ambani-led company aims to raise up to 200 billion rupees ($2.40 billion) via 10-year bonds on Thursday, its first such fundraise since May 2020.

IndiGo parent's shares drop after airline warns of more groundings

The troubles come at a time when India's air travel market is rapidly growing

Rupee expected to trade near record lows despite economic growth: Experts

India's economy is expected to expand 6.3% this fiscal year, the fastest-growing major economy in the world. But the rupee is not reflecting that optimism.

As US dollar fades, emerging currencies poised for recovery in 2024: Report

After getting battered for most of 2023, emerging market (EM) currencies have made modest gains against the dollar after the Federal Reserve held interest rates steady last week.

Israel's ground forces target Hamas tunnels after encircling Gaza City

Defence Minister Yoav Gallant said Israel had "one target - Hamas terrorists in Gaza, their infrastructure, their commanders, bunkers, communications rooms"