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step back from immediate escalation. Yet amid the bloody struggle in Gaza between Israel and Hamas, a broader and potentially more dangerous rivalry with Iran is growing. Having abandoned the Trump-era approach of “maximum pressure" on Iran, in recent months the Biden administration had sought quietly to reduce tensions.

Investing.com — The U.S. dollar edged lower in early European trade Monday, falling to a six-week low and extending last week’s declines on the back of a less hawkish stance from the Federal Reserve. 

Supreme Court on Monday deferred post Diwali vacation hearing on pleas of NewsClick founder Prabir Purkayastha and its HR head Amit Chakravarty against their arrest under anti-terror law UAPA. A bench of Justices BR Gavai Prashant Kumar Mishra told senior advocate Kapil Sibal, appearing for both the accused, that it will take up the pleas after the vacation. Sibal said the matter is covered by the recent judgement of the apex court under which it was held that grounds of arrest has to be immediately shared with the accused but in this case, nothing was shared.

American Tower Corp (ATC) has informed the US Securities and Exchange Commission (SEC) that it has taken a $322 million (Rs 2,677 crore approx) goodwill impairment charge for its India unit in the quarter ended September 2023, amid continuing business challenges in the country. This is since the fair value of ATC’s India unit has dropped below its carrying amount in the September quarter, the Boston-based telecom tower company said in a recent global SEC filing. “The company (read: ATC) performed an interim quantitative goodwill impairment test as of September 30, 2023, using information obtained from third parties to compare the fair value of the India reporting unit to its carrying amount, including goodwill. The result indicated that the carrying amount of the company's India reporting unit exceeded its estimated fair value… as a result, the company recorded a goodwill impairment charge of $322 million for the three and nine months ended September 30, 2023,” ATC said in its US SEC filing, dated October 26. The US tower firm added that it continues to evaluate the carrying value of its Indian assets, which may result in realisation of additional impairment expenses or other similar charges. The fair value, typically, is the estimated price at which an asset is bought or sold when buyer and seller agree on a price.

Pune and Chennai at 4% and Ahmedabad with a 3% growth in six months were markets with the most growth, showed a Knight Frank India study. Total 23 million sq ft space transacted in the first half ending September across the top eight markets represents a 10% on-year drop in volume.

₹33,643 crore as compared to ₹25,684 crore recorded in the same period of last year. Looking at the H1FY24 performance, the 12 PSU lenders posted a net profit of ₹68,061 crore, an increase of 66% over H1FY23's net profit of ₹40,991 crore. Leading the pack is Punjab National Bank, which has demonstrated the highest net profit growth in Q2FY24.

Westpac boss Peter King says his borrowers are primed to withstand more interest rate tightening should persistently high inflation provoke the Reserve Bank to raise the cash rate on Cup Day.

Over two days of talks between world leaders, business executives and researchers, tech CEOs such as Elon Musk and OpenAI's Sam Altman rubbed shoulders with the likes of US Vice President Kamala Harris and European Commission chief Ursula von der Leyen to discuss the future regulation of AI.

The air quality index (AQI) in Delhi and the National Capital Region stayed in the “very poor" and “severe" zone on Monday morning. Of the 10 cities with the worst air quality at 11 am, four were in Haryana, and five were in Uttar Pradesh. The national capital, Delhi, recorded a slight improvement in its air quality since Sunday, with the 24-hour average AQI declining to 436 at 11 am, data from the Central Pollution Control Board (CPCB) showed.

assembly elections in five states. The government's decision follows closely behind the campaigning for the assembly elections in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, and Mizoram, which are scheduled to take place from November 7 to November 30. The vote counting is set to occur on December 3.

Israel on Monday pounded Gaza with «significant» strikes as soldiers battled Hamas forces in the besieged territory, ignoring ceasefire calls by UN aid agencies who condemned surging civilian deaths in the month-long conflict. Israeli troops and Hamas fighters engaged in house-to-house combat in densely populated Gaza, where the war has sent 1.5 million people fleeing to other parts of the territory in a desperate search for cover. «We will take the fight to Hamas wherever they are, underground, above ground», Israeli army spokesman Jonathan Conricus said at a briefing Monday, repeating calls for civilians to leave the urban war zone in the north of the Hamas-ruled Gaza Strip. «We will be able to dismantle Hamas, stronghold after stronghold, battalion after battalion, until we achieve the ultimate goal, which is to rid the Gaza Strip — the entire Gaza Strip — of Hamas.» Conricus again accused Hamas of building tunnels underneath hospitals, schools and places of worship in Gaza to hide fighters, plan attacks and store ammunition — a charge the militant group has repeatedly denied. «This strike is like an earthquake,» Gaza City resident Alaa Abu Hasera said, in a devastated area where entire blocks were reduced to rubble. Israel launched a massive bombing campaign after the Palestinian militants staged the worst attack in the country's history. In their October 7 attack, Hamas gunmen killed more than 1,400 people, mostly civilians, and took more than 240 others hostage. The health ministry in Gaza, which is run by Hamas, says more than 9,770 people, many of them women and children, have been killed in Israeli strikes and the intensifying ground campaign since the war began. Israel has resisted calls for a halt in

Southeast Asia's largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate environment.

Investing.com-- Gold prices fell in Asian trade on Monday, as any relief over a potential pause in the Federal Reserve’s rate hikes was largely offset by traders selling the yellow metal in favor of more risk-driven assets. 

Data Patterns (India), one of the country's leading defence electronics companies, spiked up nearly 6% to ₹2,031.35 apiece in early trade on Monday, led by robust performance in Q2FY24. During the September quarter, the company reported a 61% increase in net profit, reaching ₹33.79 crore, compared to a net profit of ₹21.05 crore. The total revenue for Q2 also showed growth, rising by 32% to reach ₹108 crore, up from the previous year's Q2 revenue of ₹88 crore.

ZHAOQING, China—During the Cultural Revolution, a teenage Xi Jinping was sent down to the countryside, where he spent years in the late 1960s and early ’70s toiling on farms and reading books in a cave. Half a century later, China’s leader wants more young people to follow his lead. With youth unemployment recently hitting record levels—and deepening concern in Beijing about the hollowing out of rural China—Xi is calling on students and college graduates to embrace hardship and consider giving up city life for the countryside.

Investing.com-- Oil prices rose in Asian trade on Monday amid easing fears of more Federal Reserve rate hikes, although anticipation of several economic readings this week, particularly from China, kept traders on edge. 

Investing.com-- Most Asian currencies strengthened on Monday, while the dollar hovered near six-week lows as softer-than-expected U.S. payrolls data and less hawkish signals from the Federal Reserve drove up bets that the bank was done raising interest rates.

Anurag Singh, Managing Partner, Ansid Capital, “we are very cautious on emerging markets. India is an exception, we will talk about it but outside India, for the rest of the emerging markets, look at the MSCI 10 year returns. They have been sub 3%. China, Brazil, Argentina, South Korea have produced some phenomenal companies, but market wise they have not produced great returns.” Singh also says: “China in a big way benefited out of an export-led economy. Now exports and trade as a percentage of global GDP is dropping. It peaked out about 8 to 10 years back and now it is the time where India empowers the domestic economy and looks at the domestic facing sectors.” Friday's rally is triggered by what is happening in the world. Are you comfortable with yields coming down all of that or are you still cautious? It is good to be back in India right now. I will continue to be cautious right now. We will discuss those four or five macro trends that I am going to pull out. We would observe that there is going to be a constant pressure on the 10-year yield of the US.

Pashupati Advani, Founder & Chairman, Global Foray, says “I unfortunately bailed out of Paytm a little early, so I am kind of watching it go up and missing it. Zomato is okay and with the World Cup, definitely the numbers have been good and the stickiness is also going to be there. So it is the way India is moving and it is new patterns that are coming up and we actually have to predict those to make money.” How is your portfolio shaping up? What have you been busy analysing and adding in your portfolios? I am a little bit reluctant to add aggressively simply because we are not at highs. But there is a lot of turmoil. I find it very difficult to believe that even though people are slaughtering each other in Israel and Gaza and in Ukraine and Russia, markets continue to trade up sort of quite interestingly. But there obviously seems to be money around. But I am a little surprised at where things are going. I have actually not been so aggressive.

Ant Group has received Chinese government approval to release products powered by its «Bailing» artificial intelligence (AI) large language model to the public, a spokesperson for the Chinese firm said on Monday. Unlike other countries, China requires companies to submit security assessments and receive clearance before releasing AI products to the public.

Normann Financial has found a new home at Captrust Financial, both companies announced Friday.