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Nikkei share average closed lower on Thursday, as chip stocks slid despite industry star TSMC reporting better-than-expected earnings, while investors waited for more earnings results from domestic and overseas firms for further direction. The Nikkei fell 0.7% to a one-week closing low of 38,911.19, while the broader Topix finished 0.1% lower at 2,687.83.

Central Bank of India on Thursday posted a 51 per cent jump in profit at Rs 913 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 605 crore in the same quarter a year ago. Total income increased to Rs 9,849 crore during the quarter under review, as against Rs 8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.

Haldiram Snacks Food Pvt Ltd, the 87-year-old legacy brand which is India’s largest snack and convenience foods company. Earlier, it was reported that Haldiram’s promoters were planning to sell a controlling 51 per cent stake, but now a new report says they are looking to offload 10-15 per cent minority stake. Many global investors have been vying to buy a stake in the cash-rich and profitable company which has a long legacy of manufacturing the iconic Indian savoury snack, Bikaneri bhujia.

unicorn Slice has raised Rs 71.7 crore (around $8.53 million) from its founder and chief executive, Rajan Bajaj, through the issuance of partly paid-up shares. According to regulatory filings sourced from the Registrar of Companies (RoC), Slice’s board approved the issuance of up to 22,000 partly paid-up equity shares at a price of Rs 32,606 each to be issued in one or more tranches. This follows the Bengaluru-based company’s Rs 300 crore debt funding round, raised through compulsorily convertible debentures (CCDs) led by Taneja Family Trust, Anju Family Personal Trust, UK2 Family Trust, and MN Family Trust, with participation from Blume Ventures and 8i Ventures, among others.

NFRA) Chairperson Ajay Bhushan Prasad Pandey on Thursday underscored the need for improving corporate governance and aligning Indian auditing with global standards to attract investors. Observing that there is a need to continue to take cognizance of corporate governance reforms, he said company management, independent directors and audit committee, statutory auditors, shareholders, and regulators constitute five lines of defence to improve corporate governance. «It is our collective responsibility...we should continue to create trust. Improve the corporate governance, and we should work in that direction,» he said, addressing an event organised by industry chamber Assocham here. Adopting global auditing standards would improve the trust of global investors in the Indian economy, which is on its way to becoming the third largest from the present fifth position, he said.

Sino-India relations following the opening of another Taiwan de facto consulate in Mumbai. China opposes moves by any countries it has ties with to engage in official contacts with Taiwan, said Mao Ning, a foreign ministry spokesperson, at a regular news conference. The Taiwanese government opened its third representative office in India on Wednesday, Taiwan's official Central News Agency reported, adding to existing offices in New Delhi and Chennai.

NCDRC) has ordered the Indian Railways to pay approximately Rs 4.7 lakh in compensation to a passenger whose belongings were stolen on the Amarkantak Express in May 2017. The commission found that while the passenger took «reasonable precautions» to secure his luggage, the ticket collector (TTE) failed to prevent unauthorized individuals from entering the reserved coach. The incident occurred on May 9, 2017, when Dilip Kumar Chaturvedi and his family traveled from Katni to Durg in a sleeper coach. Around 2:30 AM, Chaturvedi reported to the railway police that his luggage, which included cash and valuables worth approximately Rs 9.3 lakh, had been stolen. Following this, he lodged a complaint with the Durg district consumer commission, which ordered several railway officials to compensate him for the loss.

CBI, ED and Income Tax should be impartial and not function in favour of one party. He also said that the ruling Congress was ready to face and win November 13 by-polls in three assembly segments in the state. «Nagendra (former Minister B Nagendra) has told the media that he was pressurised by the ED. He also informed me that he was pressurised to name me and D K Shivakumar (Deputy Chief Minister). No agency should work in favour of a party. Whether it is CBI or ED or Income Tax, they should function impartially,» Siddaramaiah told reporters. The Chief Minister was responding to former Minister B Nagendra's allegations that he was pressurised by the ED to name him and Shivakumar in the multi-crore scam in Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation.

Stocks in Europe regained some lost ground on Thursday as investors eyed a dovish outlook on top of an expected European Central Bank interest rate cut during the day, while parsing a largely upbeat set of corporate earnings. The continent-wide STOXX 600 index gained 0.4% at 0820 GMT, following a two-day decline.

Canadian parents are set to receive the latest child benefits from the federal government on Friday.

Existing CGT on profits from the sale of shares is currently levied at 20% and is expected to rise by «several percentage points», according to The Times. As part of the tax hike, Reeves is also expected to end a swathe of reliefs that currently exist, as she attempts to gather revenues to address the £22bn fiscal deficit she inherited. One government source told The Times that potential revenues from this policy could be in the «low billions». Think-tank IFS urges government to carry out 'serious' capital gains tax reform A Treasury spokesperson said: «We do not comment on spec...

Chinese Communist Party (SCCCP) have urged the U.S. Secretary of Commerce Gina Raimondo to take immediate action against Huawei's rapid development of semiconductor fabrication facilities. They expressed concern that Huawei is attempting to conceal its involvement in these operations to circumvent existing American restrictions, according to a release from the Select Committee. The lawmakers highlighted that these facilities depend heavily on U.S.-produced semiconductor manufacturing equipment (SME), presenting a crucial opportunity for the United States to impede Huawei's ambitions, which they argue pose significant threats to national security.

Mphasis and Tech Mahindra on Thursday surged up to 5.5% on the NSE ahead of the second quarter results of major IT firms Infosys, Wipro and LTIMindtree, which are due later in the day. Mphasis shares gained the highest, rising 5.5% to the day’s high of Rs 3,072.10, followed by Infosys shares gaining 2% to an intraday high of Rs 1,958.35.

Nestle India tumbled 4% to the day’s low of 2,364.80 on BSE in Thursday’s trade after the company reported a marginal decline in its Q2 net profit to Rs 899 crore, slightly down from Rs 908 crore reported in the same period last year. This indicates a 1% year-on-year (YoY) decline in the PAT.

Time magazine owner Marc Benioff called out US Vice President Kamala Harris for denying multiple interview requests to the publication ahead of the November presidential election, tech mogul Elon Musk has backed Benioff. Tesla CEO has claimed Harris is avoiding any interviews that «won't post-edit her answers». «Kamala is avoiding any interviews that won’t post edit her answers to sound like they make sense,» he wrote on X. Marc Benioff wrote on X, formerly Twitter, «Despite multiple requests, TIME has not been granted an interview with Kamala Harris—unlike every other presidential candidate.

Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.

Q2 Results Today LIVE Updates: IT majors Infosys, Wipro and LTI Mindtree are set to announce their financial results for the second quarter of FY25 today, October 17. The IT services companies are expected to report a soft performance during the July-September quarter.

imported inflation reached a 13-month high in September 2024, growing by 2 per cent, according to a report by the State Bank of India (SBI). The report highlighted that imported inflation is increasingly contributing to the country's overall inflation, as rising prices of gold, oils and fats, and chemical products drive the increase. Imported inflation is the increase in the price of goods and services in a country due to higher costs of imported products.

REC Ltd. traded 1.8 per cent down in Thursday's trade at 12:42PM (IST). Around 116,013 shares changed hands on the counter. The scrip opened at Rs 556.95 and touched an intraday high and low of Rs 556.95 and Rs 534.5, respectively, in the session so far. Shares of the company of REC Ltd. quoted a 52-week high of Rs 653.9 and a 52-week low of Rs 259.5.

total contract value (TCV) into revenue, said Nitin Rakesh, CEO and MD of Mphasis, in an exclusive interaction with ET following its Q2 earnings. Driven by a recovery in revenue growth, Mphasis reported a 4.6% sequential rise in net profit to ₹423.3 crore for the September quarter. On a year-on-year (YoY) basis, net profit was up by 8%. The company’s revenue for the same period grew 3.3% quarter-on-quarter (QoQ) and 7.9% YoY to ₹3,536.1 crore. The Bengaluru-headquartered firm also saw an improvement in operating margins, which rose by 40 basis points (bps) QoQ but declined by 10 bps YoY to 15.4%.