Oct 16 Reuters UBS said it now expects the SP 500 to hit 4,700 points only by December 2024, instead of the middle of the year as it forecast earlier, due to expectations of higherforlonger U.S. interest rates. The brokerage, in a note dated Oct. 13, said it now expects the benchmark index to hit 4,500 […]

MUMBAI, Oct 16 Reuters HDFC Bank, India39;s largest private lender, posted a standalone net profit of 159.76 billion Indian rupees 1.92 billion for the JulySeptember quarter, it said on Monday. The standalone numbers do not include the business of the bank39;s subsidiaries. The results mark the first quarterly earnings report following the merger of HDFC Bank with […]

Oct 16 Reuters Tourmaline Oil said on Monday it will acquire Bonavista Energy for C1.45 billion 1.06 billion to expand its presence in Western Canada39;s Deep Basin. The Bonavista assets are an extension of Tourmaline39;s existing operations in the Deep Basin where Tourmaline is already the largest producer. Following closing of the acquisition, expected in the […]

Oct 16 Reuters Rite Aid filed for Chapter 11 bankruptcy on Sunday, a move that would halt lawsuits the drugstore chain is facing over its alleged role in the U.S. opioid crisis and named a new CEO. Rite Aid said it has received a commitment for 3.45 billion in new financing from some of its lenders, […]