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Oil prices up 1.5% as Saudi Arabia and Russia stick to supply cuts

Oil was rebounding after both benchmarks lost about 6 per cent in the week to November 3

Citigroup considering at least 10% job cuts in major businesses: Report

The bank has warned of job cuts as part of a sweeping overhaul it unveiled in September, but has said it will estimate the scale of layoffs and cost savings in the current quarter

Go First lenders to not release more funding to grounded airline: Report

"Now the situation is quite different and the future is bleak," said a banker with a state-run bank that has exposure to Go First

Trump defiant at New York fraud trial, judge threatens to cut off testimony

One witness, his former lawyer and fixer Michael Cohen, testified that Trump directed him to doctor financial statements to boost his net worth

India's RR Kabel profit more than doubles on strong cables, wires demand

RR Kabel's consolidated revenue from operations rose almost 20% to Rs 1,610 crore, offsetting a nearly 15% climb in total expenses, led by a spike in raw material costs

Vedanta Resources seals copper assets agreement with Zambian govt

The government, which owns a 20% stake in KCM through ZCCM-IH, said in September that it had reached an agreement to allow Vedanta to resume control of the mines and smelter

Honeywell Automation India's profit growth slows on higher expenses

Quarterly revenue was up 39% at Rs 1,104 crore, however, a 44% rise in its total expenses, in line with the trend seen in the previous three quarters, weighed on profit

Inflows into India-linked ETFs set to smash 2014 record as investors surge

That was significantly higher than the $2 billion in net inflows by Oct in 2014, the year net buys into India-linked ETFs peaked

Real estate developer Sobha posts Q2 profit fall on higher expenses

Analysts, however, flagged muted launches by regional developers, including Sobha peers Prestige Estate Projects and Brigade Enterprises

FPI selloff in Indian shares hits nine-month high in October: NSDL data

Geopolitical concerns due to the ongoing Middle East conflict also added to the risk aversion in the markets in October, analysts added

Siemens AG seeks discount for Siemens Energy's stake in Indian JV: Report

Siemens AG spun off Siemens Energy in 2020 but Siemens Ltd, the Indian division which comprises business of both groups, remained integrated

EU asks AliExpress for details on measures against illegal products

The Commission said it wants to know what measures AliExpress has taken to comply with DSA rules against the dissemination and sale of illegal products online, such as fake medicines

Alcohol maker Radico Khaitan's Q2 profit rises on robust premium demand

Sales in the premium segment, which includes Magic Moments vodka and Jaisalmer gin, rose nearly 22% to 2.8 million cases in the July to September period

Russian oil price for India eased in September vs August: Govt data

India bought Russian oil at an average price of about $81.7 per barrel, compared to about $86 per barrel in August

Gland Pharma Q2 result: Net profit fell 20% to Rs 194 cr on higher expenses

Gland Pharma reported a nearly 32% jump in revenue from operations to Rs 1,373 crore, driven by higher sales from the acquisition of the French pharmaceutical group Cenexi in January

Tesla plans to build $26,838 car at its factory in Germany: Report

Musk had long planned to make a more affordable electric car, but said in 2022 he had not yet mastered the technology and shelved the plan

No major fiscal impact from extended free food grain scheme: Report

Before the extension, the free food grain program was estimated to cost the government around 2 trillion rupees ($24.04 billion) this year

Bikaji Foods posts 47% profit rise in Q2 as raw material costs ease

Net income surged 47.3% to Rs 611.9 million, as materials cost edged up only 1.4% compared with the almost 3% increase in the previous quarter

No major fiscal impact from extended free food grain scheme: Centre

PM Modi said that his govt would extend the welfare scheme, which provides free grain to more than 800 million people, by five years

Barbeque-Nation posts net loss of Rs 12.37 cr in second straight quarter

India's retail inflation remained above the Reserve Bank of India's 2%-6% tolerance for most of the reporting quarter, and eased to 5.02% only in September