Nov 1 Reuters Some top Indian carmakers reported a surge in sports utility vehicle sales to dealers in the festive month of October, company data showed on Friday, while the smallcar segment stayed sluggish, highlighting customers39; increasing preference for larger, premium cars. Maruti Suzuki, India39;s No. 1 carmaker in terms of market share, posted a […]

LONDON, Oct 31 Reuters Financial companies in Britain must prepare to ensure they can deliver business services in severe but plausible scenarios, such as a global tech outage, to minimise any impact on consumers and markets, the markets regulator said on Thursday. In a statement outlining what lessons could be learned after U.S. cybersecurity firm CrowdStrike39;s […]

Oct 31 Reuters Norwegian Cruise Line Holdings joined rival Royal Caribbean in raising its annual profit forecast for a fourth time on Thursday, encouraged by record quarterly revenue and advance ticket sales for 2025. Cruise operators marked robust onboard purchases and resilient demand for their vacation experiences this quarter as consumer spending in the U.S. increased at its fastest pace […]

BEIJING, Oct 31 Reuters Chinese tech giant Huawei HWT.UL reported a drop in net profit despite a jump in revenue on Thursday for the first nine months of the year, a statement to the Shanghai Clearing House showed. The firm recorded a 13.7 drop in ninemonth net profit to 62.9 billion yuan 8.83 billion for […]

Hydro says Northvolt no longer financing Hydrovolt JV Hydro39;s stake in Hydrovolt now at 62, up from 50 Hydrovolt recycles batteries STOCKHOLM, Oct 31 Reuters Norway39;s Hydro said on Thursday it is now solely financing the Hydrovolt battery recycler which it set up with joint venture partner Sweden39;s Northvolt. The Norwegian group recently raised its stake […]

MILAN, Oct 31 Reuters Italy39;s biggest bank Intesa Sanpaolo on Thursday promised to add a sizeable share buyback to dividend payments on its 2024 results, after it beat expectations with its thirdquarter profit and upgraded its guidance for next year. A 10 yearly rise in net fees at Intesa, whose business is geared towards wealth management […]

NEW DELHI, Oct 31 Reuters Big investors including Norway39;s sovereign wealth fund Norges and Fidelity have placed bids worth more than 15 billion in Swiggy39;s India IPO, 25 times the 605 million portion reserved for such investors, four sources told Reuters on Thursday. Swiggy, a SoftBankbacked Indian food and grocery delivery giant, will next week […]

Oct 31 Reuters Selfdriving tech firm Mobileye Global topped Wall Street expectations for quarterly revenue on Thursday as a rebound in car sales in China led to improved demand for its driverassistance chips. Shares of the company, which is majorityowned by Intel, were up 8.2 before the bell. The Chinese passenger vehicle industry snapped a fivemonth […]

TOKYO, Oct 31 Reuters Japan39;s Panasonic Holdings said on Thursday secondquarter operating profit rose 42 at its batterymaking energy unit, as stronger sales of energy storage systems for data centres offset falling demand for automotive batteries. Operating income for the key segment, which makes batteries for Tesla and other automakers, rose to 32.7 billion yen 213.82 million, […]

Asia Pacific sales rose 12 despite Chinese demand concerns Miu Miu sales now contribute one quarter of total retail sales CEO sees potential to increase prices of some products MILAN, Oct 30 Reuters Thirdquarter net revenues for Prada rose 17.7 at constant exchange rates, driven by doubledigit retail sales growth in Asia and Europe and the […]