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MUMBAI, Sept 30 (Reuters) – The Indian central bank has raised the limit for perpetual debt that banks can raise overseas and use as part of their core capital, according to a circular late on Monday. Perpetual debt is debt that does not have a maturity date. Perpetual debt issued in foreign currency or in Indian rupees overseas will be eligible for inclusion in banks' additional tier-1 capital of up to 1.5% of risk weighted assets, the RBI said. Additional tier-1 capital is the core capital of lenders. Earlier, the RBI had set the limit for such perpetual debt in bank capital at 1.5% of risk assets but said that less than half of this can be raised in foreign currency or in rupees overseas. (Reporting by Ira Dugal; Editing by Sonia Cheema)

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Sept 30 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines – Video games maker Electronic Arts strikes $55 billion deal to go private – YouTube pays $24.5 million to settle Trump censorship lawsuit – AstraZeneca to elevate New York listing in blow to London – Charlie Javice sentenced to 7 years in prison for JPMorgan fraud Overview – Videogame publisher Electronic Arts has agreed to be taken private by a consortium that included private equity firm Silver Lake, Saudi Arabia's Public Investment Fund and Affinity Partners for $55 billion. – Alphabet-owned YouTube has agreed to pay $24.5 million to settle a lawsuit that U.S. President Donald Trump brought against the company over the suspension of his account following the January 2021 U.S. Capitol riots. – AstraZeneca laid out plans to switch to a direct listing of its shares in the United States, as the drugmaker seeks to maximise gains from a booming U.S. stock market, even as it said it was not exiting London. – Charlie Javice, the entrepreneur convicted for defrauding JPMorgan Chase into buying her college financial aid startup Frank for $175 million, was sentenced to just over seven years in prison. (Compiled by Bengaluru newsroom)

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WHITE HOUSE: TRUMP TO SIGN EXECUTIVE ORDERS AT 3 PM (1900 GMT) ON TUESDAY

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REFILE-CHINA SEPT OFFICIAL COMPOSITE PMI AT 50.6

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SYDNEY, Sept 30 (Reuters) – Optus's CEO will need more time to turn around the embattled telecom carrier, the boss of its parent Singapore Telecommunications, who is in Australia to confront the fallout from outages of its emergency call services, said on Tuesday. The back-to-back outages, which happened less than two weeks apart, follow a string of other high-profile failures at Optus including a nationwide outage and data breach, which have intensified scrutiny of the carrier’s governance and management. Singtel CEO Yuen Kuan Moon, who was summoned from Singapore to meet with Australian authorities, said it would take time for Optus CEO Stephen Rue to transform the No. 2 Australian telecoms firm. “We brought in Stephen 11 months ago to transform Optus, to really address the issues that we had since 2022-23,” Yuen told reporters in Sydney after a meeting with Communications Minister Annika Wells. “It is very early days. It takes time to transform a company.” Singtel is a unit of Singapore state investor Temasek Holdings. The latest disruption on Sunday, caused by a faulty tower south of Sydney, interrupted emergency calls and affected around 4,500 people. It came just 10 days after a botched firewall upgrade triggered an outage lasting 13 hours that disrupted emergency calls in two states and the Northern Territory and was linked to four deaths. The incidents deepen Optus’s reputational crisis following a 2022 cyberattack that compromised data on millions of customers and an A$100 million ($65.83 million) penalty this year for sales misconduct. Former Optus CEO Kelly Bayer Rosmarin was ousted over a nationwide outage of Optus services in 2023. Rue took the reins in November 2024 and was tasked with improving service standards for customers. ($1 = 1.5191 Australian dollars) (Reporting by Christine Chen and Renju Jose in Sydney; Editing by Muralikumar Anantharaman)

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* Imperial to cut jobs by end-2027, relocate most Calgary roles by 2028 * Layoffs part of restructuring amid global crude price slump * Company to maintain only a small presence in Calgary (Recasts, adds Calgary details in paragraphs 5-6; adds federal minister comment in paragraphs 7-8) By Amanda Stephenson, Sheila Dang and Katha Kalia CALGARY, Sept 29 (Reuters) – Canada's Imperial Oil said on Monday it would cut its workforce by about 20% by the end of 2027, part of a major restructuring that would eventually shutter most of its presence in the oil-and-gas city of Calgary. Imperial Oil is majority owned by top U.S. oil producer Exxon Mobil, and it had about 5,100 employees as of the end of 2024, according to a regulatory filing. The planned layoffs come as global crude prices have slumped this year due to increased output from the OPEC+ group of oil producers and trade policy uncertainty. U.S. oil producers and services firms including ConocoPhillips and SLB have also announced job cuts. Imperial said it expected to achieve an annual cost reduction of C$150 million ($107.81 million) by 2028 as a result of the restructuring, which it said would also involve leveraging the company's relationship with Exxon and maximizing the use of technology. After the layoffs are complete, the majority of remaining positions currently at Imperial's Calgary head office will be relocated in the second half of 2028 to its Strathcona refinery near Edmonton, Alberta, an Imperial spokesperson said late on Monday. The company plans to maintain only a small presence in Calgary, the spokesperson said, with the restructure designed in part to consolidate more activities at its operating sites. Canada's Natural Resources Minister Tim Hodgson said on Monday in a statement on X that he was deeply disappointed by the news. "We are urgently working to better understand the factors behind the company's decision and to explore ways to support affected employees during this difficult time," he said. Imperial Oil moved its headquarters to Calgary from Toronto in 2004. In 2016, it moved its head office out of downtown Calgary and into a suburban, campus-style office complex designed to accommodate about 3,000 people. Imperial owns and operates the Kearl oil sands mine and Cold Lake oil sands operation in northern Alberta as well as a 25% stake in the Syncrude Canada oil sands joint venture project. The company is also Canada's largest petroleum refiner, with two refineries in Ontario in addition to Strathcona near Edmonton. The company said it would record a one-time restructuring charge of about C$330 million before tax in the third quarter of 2025. Imperial said its 2025 forecasts were unchanged and the company was well-positioned to meet or beat its medium-term production targets for the Kearl and Cold Lake oil sands sites. ($1 = 1.3914 Canadian dollars) (Reporting by Amanda Stephenson in Calgary, Sheila Dang in Houston and Katha Kalia in Bengaluru; Editing by Devika Syamnath and Jamie Freed)

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BEIJING, Sept 30 (Reuters) – China's non-manufacturing activity slowed in September, an official survey showed on Tuesday. The non-manufacturing purchasing managers' index (PMI), which includes services and construction, dropped to 50.0 from 50.3 in August, according to the National Bureau of Statistics (NBS). The NBS composite PMI of manufacturing and non-manufacturing was 50.6 in September, compared with 50.5 in August. The 50-point mark separates expansion from contraction in activity on a monthly basis. (Reporting by Joe Cash; Editing by Jacqueline Wong)

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Sep 30 (Stats Perform) – Results from the NHL games on Monday (home team in CAPS) FLORIDA 4 Carolina 3 Pittsburgh 2 DETROIT 1 NY Rangers 3 NY ISLANDERS 2

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Sept 30 (Reuters) – Shanghai Zhida Technology Development: * NUMBER OF OFFER SHARES UNDER GLOBAL OFFERING 6 MILLION H SHARES * MAXIMUM OFFER PRICE OF HK$83.63 PER H SHARE UNDER GLOBAL OFFERING * NUMBER OF HONG KONG OFFER SHARES UNDER GLOBAL OFFERING 597,900 H SHARES

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(Adds details from the report and background from paragraph 2 onwards) Sept 29 (Reuters) – Boeing is in the early stages of developing a new single-aisle airplane that would eventually replace the 737 MAX, the Wall Street Journal reported on Monday, citing people familiar with the matter. Earlier this year, CEO Kelly Ortberg met with officials from Rolls-Royce Holdings in the UK to discuss a new engine for the aircraft, according to the WSJ report. The U.S. planemaker has also been designing the flight deck of a new narrow-body aircraft, the report said, adding that development remains in the early planning phase, with final decisions yet to be made. Reuters could not immediately confirm the report. Boeing and Rolls-Royce did not immediately respond to a Reuters' request for comment. The 737 MAX entered service in 2017, but the model was grounded globally in 2019 following two fatal crashes. (Reporting by Nilutpal Timsina in Bengaluru; Editing by Sherry Jacob-Phillips)

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