Reports Financial News

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.4% from a two-month high, but still up 3.1% so far for the week in its best performance since July. Both Brent and U.S. crude slid almost 5% on Thursday to four-month lows in a move that was blamed on economic and supply concerns, though technical selling likely played a part when the $80 bulwark broke.

Elon Musk to testify for its investigation into his $44 billion takeover of social media giant Twitter, now known as X. In a document filed in federal court in San Francisco on Thursday, the SEC defended its efforts to compel Musk's testimony, saying agency officials are acting within their authority. Also Read |Elon Musk denies report of Starlink IPO plans, calls it 'false' The SEC last month said it was investigating Musk's 2022 purchases of stock in Twitter -- which Musk subsequently renamed X -- and his statements and SEC filings relating to his takeover of the social media giant.

US Federal Reserve will not hike interest rates further and pivot to a rate cut in early 2024, seems to be waning. Moreover, with the conclusion of the earning season, domestic investors will now shift the focus to global as well as domestic cues. The Indian benchmark indices ended higher for the second consecutive session on Thursday amid mixed global cues.

Gaza's biggest hospital. Reuters could not immediately verify the video that showed a deep hole in the ground, littered with and surrounded by concrete and wood rubble and sand. The army said its troops also found a vehicle in the hospital containing a large number of weapons, according to a report published by Reuters. 1) Hamas on Thursday said claims by the Pentagon and US State Department that the group uses Al Shifa for military purposes "is a repetition of a blatantly false narrative, demonstrated by the weak and ridiculous performances of the occupation army spokesman." 2) White House spokesperson John Kirby said the United States is confident in an assessment from its own intelligence agencies on Hamas activities in Al Shifa hospital and will neither share nor elaborate on it.

most anticipated initial public offerings (IPOs) of 2023 is finally here. Tata Technologies IPO, a wholly-owned subsidiary of Tata Motors, plans to offer 23.6% of its paid-up share capital currently held by Tata Motors, Alpha TC Holdings, and Tata Capital Growth Fund I. It is set to launch its IPO on Wednesday next week, November 22.

₹13,546 crore amid festive season after the stock market ended on a higher note for second day straight.The RBI on Thursday tightened norms for personal loans and credit cards in the form of higher capital requirements. The new norms will make personal loans and credit cards costlier and may curb growth in these categories.Several reports in US on Thursday indicated a slowing economy.

Bank of Baroda has scheduled a meeting of the Capital Raising Committee tomorrow, November 18, 2023, to discuss and finalise the issuance of Tier I and Tier II debt capital instruments and long-term bonds for the financing of infrastructure and affordable housing within the board-approved capital raising plan. “We advise that the Meeting of the Capital Raising Committee of our Bank is scheduled to be held on 18.11.2023 to discuss and finalize the issuance of Tier I and Tier II debt capital instruments and long-term bonds for the financing of infrastructure and affordable housing within the board-approved capital raising plan," the lender said in an exchange filing dated November 15.

By Lewis Jackson

By Wayne Cole

MP, Chhattisgarh Assembly Elections 2023 LIVE Updates: Voting will commence for 70 constituencies in Chhattisgarh and 230 assembly seats in Madhya Pradesh on Friday morning. The counting of votes will take place on December 3 for both states.“The second phase of voting for Chhattisgarh legislative assembly will be held tomorrow.

Three men have been arrested for an elaborate conspiracy that drained $10 million from banks across the New York City metropolitan area, United States Attorney for the Southern District of New York, Damian Williams, announced today.

In August, B. Riley Financial Inc., which provides services ranging from investment banking to wealth management, said it had invested $216.5 million as part of the $2.8 billion management-led acquisition of Franchise Group Inc.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Plug Power, Vale, Advance Auto Parts , and Deckers Outdoor.

After-Hours Stock Movers:

By Karen Freifeld

(Reuters) — IBM (NYSE:IBM) on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ad were placed next to content promoting Adolf Hitler and the Nazi Party.

Investing.com — Applied Materials reported fiscal fourth results Thursday that beat analyst estimates as higher margins helped ease the impact from slowing revenue growth.   

Investing.com — Gap reported third-quarter results Thursday that beat Wall Street estimates as margin continued to improve amid an ongoing reduction in promotional activity, though the apparel retailer also offered tame guidance for the key holiday quarter.  

NEW DELHI : Indian auto parts makers are emerging as preferred suppliers to Tesla Inc. as it diversifies away from China, two people familiar with the development said, with the US electric car giant often willing to pay a higher price for the shift. Tesla now sources a range of India-made components from small plastic parts and castings, to complex differential systems used in transmission, and wheel hubs.

NEW DELHI : Over the past few weeks, cinemas have been flooded with small-budget films that come with minimal marketing or audience anticipation, resulting in negligible box office returns. Titles such as Aankh Micholi, UT 69, Shastry Viruddh Shastry and Three of Us have made their way to theatres with audiences largely uninformed about their release.

MUMBAI : After several months spent trying to sensitize lenders against the ongoing credit binge, the Reserve Bank of India (RBI) on Thursday raised risk weights on consumption loans, credit card exposures and loans to non-bank financiers by 25 percentage points each, hoping higher consumption of capital will slow such rapid growth. Bankers and financial sector experts said this would mean borrowers of such loans would have to shell out more as lenders try to compensate for the increase in capital requirement.