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The Cboe Volatility index was lower, while the Dow registered its biggest daily percentage gain in about a month. Also, the economically sensitive Dow Jones transportation average jumped 1.9% in its biggest one-day percentage increase since late July, and the Russell 2000 small-cap index rose 1.6%.

Gold stalls as investors focus on Powell's speech

Updated at : 2023-10-17 09:25:01

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Fed officials may not raise interest rates when they meet in two weeks, but neither will they say their 19-month drive to hike borrowing costs is over, a difficult messaging challenge U.S. central bank chief Jerome Powell will take on this week.

The yen last fetched 149.62 per dollar, having slipped to 150.17 on Oct. 3, the weakest in a year, before getting some relief in a brief rally.

Non-payment of this tranche is set to trigger cross defaults in other bonds as is standard in bond contracts.

Reliance did not respond to Bloomberg’s queries but told the proxy companies that Anant has “the relevant experience and maturity to add value to the board deliberations” given his participation in the conglomerate’s businesses and the grooming he has received from senior leadership over the years. Both ISS and IIAS added Reliance’s response to their reports.

Karur Vysya net profit up 51% on lower provisions

Updated at : 2023-10-17 07:20:02

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Net interest income rose 11.5% at 915 crore. Its gross non-performing assets ratio improved to 1.73% at the end of September from 4.02% a year ago. Net NPA was 0.47% against 1.38%. Provision coverage ratio was at 94.49% as against 86.94% earlier.

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Retail spending is on a highway, promising strong growth and the bank would press the accelerator on branch expansion as it looks to bring back its industry-leading profitability, Srinivasan Vaidyanathan, chief financial officer, HDFC Bank, told the media.

ICICI Securities reported revenue growth across various business segments. Retail equities and allied revenue stood at Rs701 crore, marking a 39% year-on-year (YoY) increase, within which equity revenue grew by 44% YoY to Rs 270 crore.

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