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Friday, October 11, 2024
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Oil prices firm on upbeat U.S. economic data

By Shadia Nasralla LONDON (Reuters) -Oil prices rose for a second session on Friday, buoyed by stronger than expected U.S. economic growth, strong middle distillate refining margins and hopes of a

Instant View: India’s Adani slammed by $48 billion stock rout, clouding record share sale

(Reuters) - Shares of India's Adani Enterprises sank nearly 20% on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate's listed firms, casting doubts on how

India’s Adani dollar bonds hit lowest since November

LONDON (Reuters) - Dollar bonds issued by entities of India's Adani Group tumbled on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate's listed firms. The short

SEBI increases scrutiny of Adani group amid Hindenburg claims, report says

According to sources, the market regulator will study a report issued by Hindenburg Research to add to its own ongoing preliminary probe into the group’s foreign portfolio investors

India’s Tata Motors surges 8% on first quarterly profit in 2 years

BENGALURU (Reuters) -Shares of Tata Motors Ltd, India's No.3 carmaker by volume, rose as much as 8.2% to a more-than-four-month high on Friday after the company reported its first quarterly profit in

Asian equities hit 9-month high as recession fears wane

By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks rose on Friday and were poised for their fifth straight week of gains after data highlighted a resilient U.S. economy, boosting investor sentiment

Adani Group slammed by $48 billion stock rout, putting share sale at risk

Shares of the listed Adani firms that plummeted include Adani Transmission, Adani Total Gas & Adani Green Energy sinking 20% each while Adani Ports and Special Economic Zone fell 16.3%.

Asian equities hit 9-month high as recession fears ebb

By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks rose on Friday and were poised for their fifth straight week of gains after data highlighted a resilient U.S. economy, boosting investor sentiment

India’s Tata Motors jumps 6% on first quarterly profit in 2 years

BENGALURU (Reuters) - Shares of Indian Tata Motors Ltd rose as much as 6% on Monday after the carmaker reported its first quarterly profit in two years on the back of strong demand and as its luxury

Oil prices advance on U.S. growth, Chinese recovery hope

By Sudarshan Varadhan (Reuters) -Oil prices edged ahead for a second session on Friday, buoyed by stronger-than-expected U.S. economic growth and hopes of a rapid recovery in Chinese demand as COVID-

On Camera

A defeated Congress doesn’t guarantee BJP victory in states. Prepare to fight regional parties

The BJP has three reasons to feel content, if not necessarily overjoyed, with its victory in Haryana and the results in Jammu and Kashmir.

RBI’s policy-setting body keeps rates unchanged for 10th straight time, changes stance to ‘neutral’

Change in stance signals possibility of rate cuts, potentially as early as December, depending on inflation trends & global economy. Growth projection for FY 2024-25 retained at 7.2%.

Amid concerns about use of Chinese parts in drones, Army general urges industry to be transparent

Maj Gen CS Mann, ADG, Army Design Bureau, cites national security concerns. This comes after intelligence agencies flagged use of Chinese components in drones purchased by armed forces.

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?