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Asian Para Games: India set new benchmark

Nagoya: India’s para-athletes exceeded expectations to deliver their best-ever performance at the Asian Para Games, finishing with a record 114 medals, including 30 gold, after a strong final-day showing on Friday.India sent 168 athletes to the Games, nearly half the size of its contingent at the 2023 edition in Hangzhou, where the country won a then-record 108 medals, including 27 gold.For the first time at this edition, athletics was not the dominant contributor to India’s gold medal tally, with badminton players, archers and shooter Mona Agarwal also making significant contributions on the final dayIndia finished with 30 gold, 35 silver and 49 bronze medals to sit fourth in the standings, although their final position could change as competitions in some events continue on Saturday. India have no competitors in those remaining finals.135153801The country won nine gold medals on Friday, its highest single-day tally of the Games, with top finishes in archery, shooting, badminton and a...
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Yes Bank unlikely to pay AT1 bond coupons despite bond holders demand, sources say

India's Yes Bank is unlikely to pay coupons due this year on its additional tier-1 (AT1) bonds despite a Supreme Court ruling overturning their write-off during the lender's 2020 rescue, two persons familiar with the matter said.The bank is preparing to seek a review of the ruling, one of the sources told Reuters, while bondholders press for payment of coupons that have remained unpaid since Yes Bank wrote the bonds off six years ago.Last week, India's Supreme Court upheld a 2023 Bombay High Court ruling that set aside Yes Bank's write-off of 84 billion rupees ($886 million) worth of AT1 bonds, in a setback to the lender and regulators that had defended the move.Yes Bank did not respond to an email seeking comment.The sources declined to be named as they were not authorised to speak on the matter.Retail investors holding the bonds said on Thursday they had not received coupon payments due on October 18, three days after the SC ruling.In a letter to Axis Trustee Services...
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Team India must quickly adjust to unfamiliar in NZ

from Economic Times https://ift.tt/2pl0fJj
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US Treasury yields slip as AI concerns boost safe haven demand ahead of 20 year auction

US Treasury yields slipped on Wednesday as investors weighed the impact of higher borrowing costs on AI related stocks, while the market awaited a $13 billion auction of 20 year bonds later in the day, according to a Reuters report.The move came as recent swings in AI stocks continued to influence the bond market. Concerns over the heavy spending needed to build AI infrastructure have raised questions about how higher interest rates could affect companies such as CoreWeave. When those concerns weigh on equities, investors have at times shifted towards Treasuries, pushing yields lower.The benchmark 10 year Treasury yield fell 1.5 basis points to 5.102%, putting it on track for a second consecutive daily decline. The 30 year yield slipped 1.2 basis points to 5.413%, while the 2 year yield declined 0.9 basis point to 4.778%.AI volatility keeps bond investors alertUS stocks were slightly higher on Wednesday, helped by a surge in SpaceX shares after its quarterly results eased some concerns...
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Copper stays range bound as US tariff uncertainty, oil inflation risks weigh

Copper prices remained stuck in a narrow range on Tuesday, with uncertainty over potential US import tariffs and concerns that higher oil prices could fuel inflation keeping traders cautious, Reuters reported.Three month copper on the London Metal Exchange was up 0.1% at $14,353 a metric ton by 0955 GMT, marking a third straight session of tight trading.The metal has gained 55% since Donald Trump returned to the US presidency in January 2025, even as global demand fell 0.5% to 27 million metric tons, Panmure Liberum analyst Tom Price said in a note.China demand offers supportA shortage of copper scrap in China was providing another source of support. Goldman Sachs said the shortfall was increasing China's need for refined copper through domestic inventory drawdowns, while the US continued importing metal and building stocks ahead of possible tariffs.The Yangshan copper premium, a key gauge of China's demand for imported copper, climbed 0.7% to $138 a ton, its highest level in a...
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Asia’s resilience masks a growing jobs challenge

from Economic Times https://ift.tt/VtiJXdT
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Bajaj Finance Q2 Results: Net profit jumps 29% YoY to Rs 6,367 crore, NII up 24%

Bajaj Finance reported a 29% year-on-year increase in net profit to Rs 6,367 crore in the September quarter, compared with Rs 4,948 crore a year earlier.Net interest income rose 24% to Rs 13,335 crore from Rs 10,785 crore in the year-ago quarter. Net total income increased 23% to Rs 15,974 crore from Rs 12,982 crore.Assets under management grew 26% year-on-year to Rs 5.85 lakh croreas of September 30, 2026, from Rs 4.62 lakh crore a year earlier. AUM increased by Rs 37,680 crore during the quarter.The non-banking financial company booked 13.45 million new loans in the quarter, up 11% from 12.17 million in the corresponding period last year. Its customer franchise grew 16% year-on-year to 128.85 million as of September 30, adding 4.42 million customers during the quarter.Profit before tax rose 29% to Rs 8,537 crore from Rs 6,608 crore in the year-ago quarter. Excluding a prudent management and macroeconomic provision of Rs 337 crore, profit before tax grew 34% to Rs 8,874 crore. Net pro...
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