Q2 Results Highlights Nov 12: HAL, Oil India, Manappuram Finance log gains, Ola Electric narrows loss, Vodafone Idea loss widens, Reliance Power, Alkem Lab, BDL profit decline

Jajpur accident: Pilgrim bus collides with parked truck, several passengers injured

Australian teenager found alive after six days missing in remote Victorian bushland

Dilip Ghosh defends bulldozer action at Abhishek Banerjee's residence

Carlsberg said to start road show for $600 million India IPO

Carlsberg is preparing a potential $600 million IPO of its Indian business, targeting a $4 billion valuation. The offering could launch as early as January 2027, comprising a 15% stake sale by its Danish parent. Strong IPO demand in India supports the listing outlook, with Carlsberg India reporting robust revenue.

Spain's Sanchez faces political test as deadly train crash casts shadow over election campaign

Spain's Prime Minister Pedro Sanchez is attempting to manage an election campaign amidst recent deadly train accidents. He is emphasising the importance of public services and government accountability as key campaign themes. Recent nationwide protests highlighted the urgent housing crisis affecting many Spaniards and have drawn attention back to this issue. Sanchez's government recently passed emergency housing measures aimed at addressing these concerns.

Eight killed in Brooklyn building collapse; rescue teams search through rubble

Top pension fund to buy more India state bonds on high yields

SBI Pension Fund plans to increase investments in state government bonds, expecting higher yields amid rising supply. The $64 billion fund is pursuing a carry-focused strategy, favouring state and corporate debt for steady income. It also plans to increase large-cap equity exposure while maintaining a cautious approach towards bond duration.

India bonds under pressure before debt supply; hot inflation prints pinch further

Indian government bonds experienced significant selling pressure ahead of a major auction for the benchmark paper. The yield on the 6.94% 2036 bond rose notably due to rising inflation in both India and the United States. The Reserve Bank of India is expected to raise interest rates again in early December due to persistent inflationary pressures. Moreover, US Treasury yields remained elevated as markets anticipate larger interest rate hikes.

Rupee rises 7 paise to 94.05 against US dollar in early trade

Dollar strength limits support for the rupee from foreign fund inflows

Shaktiman AKA Mukesh Khanna demands panel to vet films on Mythology

Five facts about APEC with Trump, Putin and Xi set to attend

A summit featuring leaders from the US, China, and Russia is scheduled for next week in Shenzhen. This event marks the third time China hosts the APEC Economic Leaders' Meeting since 2001. Many key global issues including trade, energy security, and geopolitical tensions will likely be discussed. Attendances include notable leaders from Australia, Canada, and several Asian nations, while Taiwan will send its envoy.

Food inflation to stay elevated; ICICI Bank sees 25 bps RBI rate hike in December

Food inflation in India is projected to remain elevated in the coming months due to a shortfall in crops. The Reserve Bank of India is anticipated to raise interest rates by 25 basis points to manage retail inflation. Factors such as weak monsoon and high energy prices contribute to the rising inflation. Many essential food items are experiencing upward price pressure amid ongoing inflationary trends.