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Apple supplier Foxconn plans to quadruple workforce at India plant: Sources

The China's virus policy prompted Apple to lower its forecast for shipments of the premium iPhone 14 models this week, dampening its sales outlook for the busy year-end holiday season

Gold set for best week in over two years on smaller rate hike hopes

The dollar index extended its decline, falling to its lowest in nearly three months, making gold more attractive for overseas buyers

Zydus Lifesciences Q2 net profit down 82.6% to Rs 523 cr on rising costs

Shares of the company were trading at Rs 427.70, down 1.4% at 0847 GMT

Exide posts better-than-expected Q2 net at Rs 246 cr on easing input costs

Analysts on average had expected a profit of Rs 236 crore, according to Refinitiv IBES data

Oil prices jump by over 2% as China eases some coronavirus restrictions

Brent crude futures rose $2.39, or 2.6%, to $96.06 a barrel by 0745 GMT, extending a 1.1% rise in the previous session

First green bond to attract mix of local and foreign buyers: Bankers

The government intends to raise 160 billion rupees ($2 billion) via the issue in the January-March quarter.

India sends more vacuum gasoil to US as the West shuns Russian oil

India, the world's third-largest oil importer, has been ramping up Russian crude imports and increasing oil product exports to the West for higher margins.

Soring wheat rates could prompt price-cooling measures, say govt sources

The government has been trying to rein in food inflation, but its efforts have been complicated by wheat prices that have climbed to record highs

China's Covid curbs intensify as cases surge to highest since lockdown

China reported on Friday 10,535 new locally transmitted cases for Nov. 10, the highest since April 29, when the country's commercial hub, Shanghai, was battling its most serious outbreak

Asia stocks surge as cooling inflation raises hopes that Fed will ease up

MSCI's broadest index of Asia-Pacific shares outside Japan jumped 3.72%. Australia's S&P/ASX 200 index climbed 2.43% and Japan's Nikkei rose 3%

Dollar slides, CPI data suggests Fed could slow pace of rate hikes

The data boosted other currencies against the dollar. The Japanese yen at one point climbed to its biggest single-day rise since 2008 and the British pound notched its biggest daily

Soaring wheat prices in India likely to prompt price-cooling measures: Govt

Local wheat prices jumped to a record 26,500 rupees ($324.18) a tonne on Thursday, up nearly 27% since the May ban on exports

Dollar slumps after CPI data suggests US Fed may ease interest rate hikes

"The CPI report has reinforced the sell-off momentum in the dollar," said MUFG currency strategist Lee Hardman

Biggest challenge for central bankers now to bring inflation down: IMF

"There's really a very narrow path to get things right," Gopinath said, noting that the dollar's sharp rise had important macroeconomic implications for a host of countries around the world

Indian Oil Corp buys cargo of Russia's Sokol oil through a spot deal

The source said IOC did not participate in the Rosneft tender as the Russian company was asking for prepayment

Balaji Telefilms posts smaller Q2 loss at Rs 18.47 cr, TV segment improves

Balaji Telefilms, which provides content to TV channels such as Star Plus, Colors and Zee TV, said it will focus on reducing its cash burn

Zomato Q2 results: Net loss narrows to Rs 251 crore as online orders jump

Revenue from operations rose to Rs 1,661 crore from Rs 1,024 crore

Irdai proposes allowing insurers to invest in unlisted companies

Easier access to funds would help lift the mood in a startup sector that has been hit by the global tech market rout

India in talks with other countries to export green hydrogen, official says

"We are in a position to make green hydrogen as our main source of energy in the future," Prabhat Kumar, an additional secretary of the external affairs ministry, said at an industry event.

JSW Steel expects exports to hit over 5-year low in FY23 on reduced demand

JSW Steel aims to produce 25 million tonnes of crude steel this year, up 28% from last year