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Israel’s defense minister said Friday that after the country destroys the Hamas militant group, the military does not plan to control “life in the Gaza Strip” Defense Minister Yoav Gallant’s comments to lawmakers were the first time an Israeli leader discussed its long-term plans for Gaza. Gallant said Israel expected there to be three phases to its war with Hamas. He said it first would attack the group in Gaza with airstrikes and ground maneuvers, then it would defeat pockets of resistance and finally it would cease its “responsibility for life in the Gaza Strip.” Israel bombarded the Gaza Strip early Friday, hitting areas where Palestinians had been told to seek safety, and it began evacuating a sizable Israeli town near the border with Lebanon, the latest sign of a potential ground invasion of Gaza that could trigger regional turmoil. Palestinians in Gaza reported heavy airstrikes in Khan Youni, a town in the territory's south, and ambulances carrying men, women and children streamed into the local Nasser Hospital.

Siddaramaiah on Friday urged Prime Minister Narendra Modi to approve the phase-3 of Bangalore Metro covering an additional length of 45-km at an estimated cost of Rs 15,611 crore. The state government has already submitted the detailed project report (DPR) of phase-3 to the centre, the CM said at the virtual launch of the two sections of the Purple Line of Namma Metro by the PM. With Challaghatta-Kengeri and Baiyappanahalli-KR Puram sections open, the metro network’s length has increased to 74-km and about seven lakh people were using it daily, the CM added. The government has commissioned a detailed project report (DPR) for connecting Sarjapur and Hebbal covering a length of 37-km.

Reserve Bank of India's rate-setting panel's successive meetings where they promise to withdraw accommodation but end up keeping rates unchanged does not enhance its credibility, external member of the MPC Jayanth Varma said at its latest meeting, per minutes released Friday. «I would much prefer a stance in which words are consistent with the actions,» Varma said while reiterating his view on the stance adopted by the Monetary Policy Committee (MPC). «Moreover, at this point of time, the guidance that the market really needs is not about how high the terminal repo rate would be, but about how long the rate would be maintained at a high level. It would therefore be useful for the MPC to communicate its intention to keep real interest rates high enough for as long as is necessary to drive projected inflation close to the 4% target on a sustainable basis,» Varma added. The RBI's MPC in its latest meeting voted to keep the key lending rate steady for a fourth consecutive policy meeting, in line with analysts' expectations.

foreign exchange reserves surged by $1.153 billion to $585.895 billion for the week ending October 13, the latest data by the Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves decreased by $2.166 billion to $584.742 billion for the week ended October 6. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) dropped by $178 million to $519.35billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves surged by $1.27 billion to $43.58 billion, while SDRs were up by $72 million to $18 billion. Reserve position in the IMF decreased by $8 million to $4.98 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.

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ApeCoin (APE) has fallen -6% in the latest rejection move from the 20DMA, but as price finds lower support - will APE bounce back? Or is ApeCoin going to zero?

Yesterday was one of those days when Jay Powell should have passed on its latest interview session. The message was vague, and he didn’t seem to have many answers at times.

Intuitive Surgical reported mixed third quarter results as earnings beat, but revenue missed analysts' forecasts as Intuitive Surgical, Inc. (NASDAQ:ISRG) shares fell over 8% lower in pre-market Friday.

Omega Seiki Mobility a leading electric vehicle maker has inked a strategic partnership with Honda Power Pack Energy India to incorporate its swappable battery technology in its electric three-wheelers.

Hamas organisation have behaved like 'animals' and emphasised that his country will target Hamas like 'human animals' during and after the war. «You don't need justification to fight against an organization like Hamas that have behaved like animals hunting other animals. It's not going to be to be stopped and we are not going to take it as something that was done, and that's it.

Mint reported, Federal Reserve Chair Jerome Powell said on Thursday, October 19, that inflation in the US remains too high and bringing it down to the Fed's 2 per cent target level will likely require a slower-growing economy and job market. US bond yields have gone up significantly, nearing the highest levels in 16 years. The prime reason for this is the uncertainty about future interest rates in the US.

₹408.25. MGL, on the other hand, lost 8 percent to its day's low of ₹1,032.75. The sentiment was also weakened after global brokerage house Jefferies downgraded IGL and cut its target price.

₹1050, trailed by Motilal Oswal. Voltas is now trading around ₹820. Apart from government incentives in the sector, hotter summers, rising incomes, aspirations, easy financing schemes “are anticipated to drive growth," said analysts at Motilal Oswal.

Israel Thursday and American bases in Iraq and Syria were repeatedly targeted by drone attacks.The USS Carney, a Navy destroyer in the northern Red Sea, intercepted three land attack cruise missiles and several drones that were launched by Houthi forces in Yemen. The action by the Carney potentially represented the first shots by the U.S. military in the defense of Israel in this conflict.Brig.

Hindustan Unilver Ltd (HUL) and ITC Ltd Q2 performance did reflect the challenges being faced by industry on volume growth due to higher competitive intensity, weak rural demand and so on. For HUL the impact on earnings was higher in Q2 compared to ITC that sees its other businesses as Hotels, paper etc providing cushion to its earnings. The solace for companies, however, comes from declining raw material prices that are supporting margins.

Stopck market today: Yes Bank shares have been in uptrend since early morning deals. yes Bank share price today opened upside at ₹17.10 apiece levels on NSE and went on to hit intraday high of ₹17.85 per share levels within few minutes of stock market's openikng bell today.

By Leika Kihara and Takahiko Wada

Investing.com-- Gold prices rose to a three-month high on Friday amid persistent safe haven demand on concerns over the Israel-Hamas war, while somewhat mixed signals on U.S. interest rates also stalled a rally in the dollar and Treasury yields. 

Polycab India Pvt that had reported strong Q2 performance with revenues from operations at ₹4217.6 crore growing by 27% YoY and 11% sequentially, is inching closer to the targeted run rate of ₹20,000 Crore per annum revenues by FY26. Gandharv Tongia Executive Director & CFO at Polycab said that looking at the rate we have grown during Q2 and first half FY24, we should easily be able to reach our target of ₹20,000 crore of the top line by FY26. Estimates of analysts on the other hand indicate that Polycab could achieve its target of ₹20,000 crore in revenues even earlies.

₹346.20 against the previous close of ₹351.05 and fell 4.14 per cent to the level of ₹336.50 in Friday's trade so far. The stock traded 4.14 per cent lower at ₹336.50 around 10:40 am on the BSE. Indoco Remedies share price hit its 52-week high of ₹423.10 on January 2 this year and its 52-week low of ₹307 on April 26 this year, on the BSE.

Cyient Ltd. with a target price of Rs 1980.