Reuters

RIL Q2 results: Net profit jumps 40.6% to ₹25,548 crore, beats estimates

RIL Q2 results: Net profit jumps 40.6% to ₹25,548 crore, beats estimates

Meta, TikTok and X lose UK legal battle over Ofcom's safety data demands

Meta, TikTok and X lost a legal challenge against UK regulator Ofcom over information demands under Britain's Online Safety Act, which aims to protect children from harmful and illegal content.

GAIL Q2 net profit jumps to ₹4,650 cr as gas marketing revenue rises

GAIL's September-quarter profit more than doubled to ₹4,650 crore as gas marketing revenue rose 31%. The company also approved plans to list subsidiary GAIL Gas through an IPO.

CDSCO asks Sun Pharma to halt eye-care drug production over quality lapses

Indian drug regulators ordered Sun Pharma to halt eye-care drug production at its Assam plant over quality lapses, following the recall of 332 batches of ophthalmic products.

Cursor says up to 5,000 users affected by tampered Claude Code extension

The extension attempted to collect ‌host and user information such as hostname, username, ​operating system and public IP address

RBI steps up scrutiny of banks' cyber defences amid rising AI-led attacks

In a series of recent meetings, the RBI asked banks to probe weaknesses in application programming interfaces (APIs), the software links banks use to connect with non-bank lenders and fintechs

Retail investors tap $234 mn in margin funding to trade Jio on debut day

The heavy ​borrowing in Jio ​comes weeks after a wave of retail margin-call liquidations cut India's overall cash ​market margin trading book to ₹1.51 trn as of Oct 28 from record ₹1.59 trn on Sep 30

US plans to ban Chinese telecom firms from direct access to phone numbers

The US Federal Communications Commission said on Thursday that ‌it will vote on November 19 on ​a proposal to ban China Mobile, China ​Telecom and China Unicom and other IP-enabled service providers

Glacial lake burst triggers flash flood in Bhutan, no injuries reported

A flood caused by the Shintaphu glacial lake bursting its banks damaged infrastructure at the Gasa Tshachu hot springs, a major tourist attraction

Oil prices rise on supply concerns as Houthis attack Saudi Arabia

Brent crude futures rose 86 cents, or ‌0.75%, to $115.74 a barrel as of 0122 GMT while US West Texas Intermediate (WTI) crude futures rose 72 cents, or 0.71%, to $102.72

Amazon burns cash, Intel flags weak PC demand as AI boom strains markets

Surging data-center spending, as highlighted in Amazon's massive cash burn, has turned once debt-light tech giants into major borrowers, while price hikes are squeezing global demand for devices

Binance's possible hack triggers $3 billion freeze in crypto assets

The market impact of the possible hacking, which could be the largest-ever crypto heist according to analytics firm Chainalysis, was felt immediately in early Asian trading on Friday

Microsoft's cloud growth, cash flow offer respite from AI spending fears

Microsoft's Azure cloud business grew 48% in the September quarter, while free cash flow reached $18.6 billion, easing investor concerns over mounting AI infrastructure spending.

Govt, Volkswagen clash in court over record $1.2 billion tax dispute

Volkswagen tax dispute: India defends $1.2 billion import duty demand

US economy expands 3.4% in Q3 as consumer spending, AI investment rise

The US economy grew at an annualised rate of 3.4% in Q3, beating forecasts of 3.2%, as resilient consumer spending and AI-driven investment offset the impact of higher oil prices.

India bonds seen attracting buyers as 10-year yield nears 2022 levels

Persistently high oil prices ‌are stoking inflation concerns and fuelling bets on another Reserve Bank of India rate hike in December, potentially by 50 basis points

India's dealmaking resilient despite weak rupee, equity slump: Citi

Rahul Saraf, Citi's head of investment banking for India said he expects more partnerships between Chinese companies and large Indian conglomerates in the industrial and consumer sectors

Shell beats expectations with $10.8 billion profit, hikes buybacks

Shell beat analyst estimates and increased share buybacks as stronger refining margins and higher LNG prices lifted quarterly net profit from $5.43 billion a year earlier

Rupee hits 2-week low on 'sticky' dollar bids, modest intervention cushions

Dollar demand around the RBI's reference rate and likely overseas debt repayment outflows weighed on the rupee, while central bank intervention helped limit losses, traders said

Trump and Obama trade barbs in closing week of US midterm election

Trump has stepped up rallies amid Republican concerns over losing Congress, while Obama has criticised the president and campaigned for Georgia Senator Jon Ossoff ahead of Tuesday's vote