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Amazon rallies on cloud recovery as it chases Microsoft for AI business

Amazon shares have rallied about 40% this year, but they have lost nearly 8% in the past two days after Alphabet warned that cloud customers were curbing spending

RIL Q2 results: Net profit rises 27.4% to Rs 17,394 crore on energy boost

Reliance misses profit view as crude drop hurts mainstay business

Realty advisor CBRE cuts profit forecast as high rates hurt property market

"Commercial real estate capital markets remained under significant pressure in the third quarter," CEO Bob Sulentic said in a statement

India's forex reserves resume losing streak, fall to $583.53 billion

The RBI intervenes in both the spot and forwards markets to prevent runaway moves in the rupee

Reliance Jio Infocomm Q2 results: Net profit rises 12% to Rs 5,058 crore

Reliance Jio Infocomm posts smallest profit rise in seven quarters

Schaeffler's India unit Q2 profit rises 8% to Rs 233 cr on robust demand

Still, the poor monsoons earlier in the quarter had made commercial vehicles such as tractors less affordable for India's rural population, they said

SBI Life Insurance Q2 PAT flat at Rs 380 crore as higher expenses weigh

Net premium income rose 21.7% to Rs 20,050 crore from Rs 16,477 crore, while expenses surged 22.1%, mainly due to higher commissions and rewards during the quarter

Tyremaker Goodyear India posts 40% jump in Q2 profit on subdued input costs

Poor monsoons have made commercial vehicles such as tractors less affordable for India's rural population, hurting automakers and auto-ancillary companies

Dr Reddy's Q2 results: Net profit after tax rises 33% to Rs 1,482 crore

Consolidated quarterly revenue rose 9% to 69.03 billion rupees led by a 9% growth in the key global generics segment

European Central Bank holds rates after 10 hikes in a row to tame inflation

This sharp policy tightening is leaving a mark on the economy, with data earlier this week showing weak credit creation and economic activity

Mastercard forecasts weaker revenue growth on economic slowdown fears

"This was a disappointing quarter, in our view, as guidance fell just short of likely elevated expectations," Edward Jones analyst Logan Purk said

TotalEnergies sticks to share buyback plans despite net income dro

Its shares dipped 0.34% in early trading

United Nations creates 39-member advisory body to address AI governance

"The transformative potential of AI for good is difficult even to grasp," Guterres said in a statement

Epsilon Advanced Materials to build $650 mn EV battery plant in US

EAM expects the North Carolina plant to reach full capacity by 2031, with a targeted annual production capacity of 50,000 standard tons of anode materials

Colgate-Palmolive India Q2 results: Net profit rises 22% on higher demand

ntensive marketing efforts and increased distribution, meanwhile, have boosted demand in rural areas

SBI mulls to raise up to Rs 10,000 cr tier-II bond issue next week

The bonds are rated AAA by consulting and rating firms CRISIL and India Ratings

China top exporter of finished steel to India in April-Sept: Govt data

The Indian steel industry has sought government intervention through safeguards against Chinese imports

McDonald's India franchisee Westlife's PAT falls to Rs 22.37 cr in Q2FY24

The franchisee said consolidated net profit after tax fell to Rs 22.37 crore ($2.7 million) in the July-September quarter from Rs 31.54 crore a year earlier

RBI to meet senior bank officials next week, liquidity to be discussed

Market participants are also eagerly awaiting hints on when the RBI would conduct an open market sale of debt as announced in the October monetary policy meeting

India's lentils imports from Canada keep flowing despite tensions

Canada is India's main import source of lentils, a protein-rich staple used to make daal curry