Despite the size of the stimulus, economists see impact of the spending will be limited near-term, because actual spending is expected to be much smaller

Public broadcaster NHK said the 13 trillion yen ($120 billion) figure includes the use of 3 trillion yen from fiscal investment and loan programmes

In the previous week, the reserves had increased by USD 441 million to reach USD 448.249 billion

While Sensex rose over 200 points to hit its all-time high of 41,120, Nifty surged to its lifetime peak of 12,132

Suzuki Motor Corporation, the parent of India's biggest car-maker Maruti Suzuki, was scheduled to commission the plant in Gujarat by April 2020, will now start operation by next July

Three years down the line, India's economy has seen a lot of turbulence with GDP growth going down to six-year-low, fiscal deficit growing significantly, and various sectors, including auto and manufacturing, facing crises

The slower IPO approach is likely to increase SoftBank Group's reliance on its telecoms unit SoftBank Corp, according to analysts. The business accounted for nearly a third of the conglomerate's operating income in the last financial year

Operating profit rose 14% to 662.3 billion yen for the three months to September 30 as Toyota enjoyed its strongest Q2 since 2015

The profit beat an average forecast of 592.3 billion yen, based on estimates from nine analysts, Refinitiv data showed

Last month, SoftBank was forced to spend more than $10 billion to bail out WeWork after the U.S. company's IPO attempt flopped

The scale of the loss shows the risks in SoftBank's strategy of splashing out big on cash-burning startups. It has also cast a pall on his efforts to raise a second massive fund

Japan's fourth-largest automaker posted an operating profit of 55.9 billion yen ($513.83 million) for the July-September quarter, down from 82 billion yen a year ago

The telco maintained its full year operating profit forecast at 890 billion yen.

For the week under review, foreign currency assets, which are the biggest part of the reserves, increased by USD 1.642 billion to USD 410.453 billion, as per the data.