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Thursday, October 3, 2024
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Oil heads for third weekly gain after shock OPEC+ cuts

By Alex Lawler LONDON (Reuters) -Oil remained on track for weekly gains on Thurday, with further production cuts targeted by OPEC+ and a drop in U.S. oil inventories overshadowing fears over global

TIMELINE: Changes to India’s repo rate since June 2000

MUMBAI (Reuters) - The Reserve Bank of India surprised markets by holding its key repo rate steady on Thursday after six consecutive hikes, saying it was closely monitoring the impact of recent global

India bond yields, OIS crash after RBI surprises with rate pause

By Dharamraj Dhutia MUMBAI (Reuters) -Indian government bond yields and overnight indexed swap rates crashed on Thursday, after the Reserve Bank of India, in an unexpected move, kept policy rates

Apple says ‘Hello Mumbai’ at India’s first retail store launch

The first retail store is located in the premier Reliance Jio World Drive mall, home to various luxury clothing and jewellery brands like Michael Kors, Kate Spade and Swarovski.

India bond yields crash after RBI surprises with status quo on rates

By Dharamraj Dhutia MUMBAI (Reuters) - Indian government bond yields plunged on Thursday, after the Reserve Bank of India, in an unexpected move, kept policy rates unchanged, against wide expectations

World stocks survive banking turmoil – but for how long?

By Naomi Rovnick and Sumanta Sen LONDON (Reuters) - Banking sector turmoil has not dented demand for equities, with MSCI's world stock index up 7% so far this year. Hopes that the Federal Reserve and

Dollar rises cautiously ahead of key non-farm payrolls data

By Rocky Swift TOKYO (Reuters) - The dollar crept higher on Thursday but stood near a two-month low as traders weighed how pivotal U.S. jobs data coming out on a stock trading holiday would impact

Analysis-Western curbs on Russian oil products redraw global shipping map

By Mohi Narayan and Jonathan Saul NEW DELHI/LONDON (Reuters) - Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other

Dunzo secures $75 million funding via convertible notes, fires 30% of its workforce, reports ET

The layoffs, which will affect over 300 workers, are part of a rejig announced by founder and CEO Kabeer Biswas, the report stated, citing several people aware of the matter.

Oil falls as weak US economic data stokes recession fears

By Katya Golubkova and Muyu Xu TOKYO/SINGAPORE (Reuters) - Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices

On Camera

Gaza, Ukraine being fought on techno-battlefields. Indian military is 3 decades behind

My assessment is that the Indian armed forces are adopting emerging technologies for incremental change and not transformation—which is the need of the hour.

Even as SEBI lays down new curbs on F&O market, discount brokerages are changing business models

SEBI Tuesday unveiled rules to curtail retail participation in derivatives market. Options premia to be collected upfront from options buyer effective 1 Feb 2025.

‘No drone bombs or infiltration’, Army Chief says ‘battle of narratives’ must be controlled in Manipur

Chief of Army Staff General Upendra Dwivedi says the Manipur conflict was triggered by a rumour and that the situation may be ‘stable today, but it is tense’.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?